Wall Street Dips as Tariff Fears Impact Markets
U.S. stock markets dip on Monday as Trump administration’s tariff plans create uncertainty, affecting key sectors and prompting pauses on Canadian and Mexican tariffs.
USeconomy
Read More
Wealth Inequality in the US: Half of Households Hold Just 2.4% of Total Wealth
Half of U.S. households hold only 2.4% of the nation’s total wealth, highlighting significant wealth inequality. Median household net worth stands at $192,000, compared to an average of $1.2 million.
U.S. Economy Surpasses Growth Expectations in 2024, Recession Risks Persist
Despite strong economic growth in 2024, experts warn that inflation and tariffs could pose recession risks in 2025.
Trump’s 60% Tariffs on China: US Economy Faces Severe Setbacks
Trump’s proposed 60% tariffs on Chinese imports could severely impact the US economy, especially in agriculture and fisheries, warns a Peterson Institute study.
Thanksgiving Struggles: Many Americans Battle Rising Grocery Costs
This Thanksgiving, many Americans face higher grocery costs. Communities in Miami unite to ensure everyone can enjoy the holiday meal despite economic challenges.
US GDP Growth Signals Strong Economy Ahead of Election
Newly released US GDP numbers suggest a robust economy ahead of the presidential election, raising questions about who benefits the most from the growth.
US Budget Deficit Soars to $1.833T: Implications for Global Economy
US federal budget deficit hits $1.833 trillion in 2024, the highest since COVID-19, raising concerns about the dollar’s global dominance and economic stability.
US Anticipates First Interest Rate Cut Since March 2022
Americans brace for a potential interest rate cut by the Federal Reserve in September, marking the first since March 2022.
US Unemployment Rises to 4.3% in July, Fueling Fed Rate Cut Talks
July’s rise in US unemployment to 4.3% fuels discussions on potential Federal Reserve rate cuts and raises concerns about economic slowdown and election impacts.
US Q2 GDP Surges 2.8%, Outpacing Expectations
The US economy exceeded expectations in Q2, with GDP growth accelerating to 2.8% driven by robust consumer spending and inventory buildup.