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Category: Politics

Another Cold War Is Inevitable, This Time With China

A cold war in the 21st-century seemed unlikely… until now.

Tariffs by the United States on $200 billion worth of Chinese products and retaliatory tariffs by China on $60 billion worth of American goods went into effect on Monday.

While the United States and China are competing for global supremacy, they maintain mutual agreements to handle their complicated relationship. But, the tide might be turning…

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Argentine President Says “There’s No Chance Argentina Will Default” With Increased IMF Credit

Mauricio Macri, President of Argentina, stated that a revamped arrangement with the International Monetary Fund (IMF) will help boost investor confidence in the country after a financial crisis forced South America’s second-largest market to a recession.

“We are working with the IMF and we are going to present something that will bring confidence,” Macri said. “More confidence than what we’ve had in the last 10 days when markets have turned around and things are moving better.”

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Betsy DeVos Loses Student Loan Forgiveness Lawsuit, Indebted Students Still Commiting Suicide

A new ruling from a federal judge means the U.S. Department of Education has delayed student loan forgiveness for some.

The Attorneys general of 19 states, as well as the Districct of Columbia, sued U.S. Secretary of Education Betsy DeVos and the U.S. Department of Education for delaying a borrower protection rule scheduled to take effect on July 1.

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Dow Surges Despite Trump’s New Tariffs On $200 Billion Worth Of Chinese Goods

The latest tariffs on American and Chinese goods aren’t as severe as expected, making stocks rise on Tuesday. Substantial profits in tech also propelled market gains.

The S&P 500 increased 0.5 percent to close at 2,904.31, headed by buyer discretionary spending and industrials. It is also less than half a percent from its record high.

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