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…
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 … Read More →
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.
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.
(Gold Silver Bitcoin) President Trump warned last week of a “major, major conflict with North Korea”. He said he’d rather do things diplomatically, though it’d prove “very difficult.” Trump has made no secret about tensions between North Korea and the US. “There is a chance that we could end up having a major, major conflict with North Korea. Absolutely,” the president said. “We’d love to solve things diplomatically, but it’s … Read More →
Partisanship determines how people see CBO and government output on government statistics, including the jobless rate and even the Census according a new survey by YouGov. U.S. citizens pick and choose what they believe. Republicans are generally more skeptical of the government. Democrats and Republicans, to be sure, have similar reactions on other government stats. Related: Donald Trump Said He’d Consider a Gold Standard A majority of Democrats believe most … Read More →
As Trump is planned stimulus to pump money to upgrade bridges, roads and other parts of the nation’s infrastructure, and cutting corporate and personal taxes, the IMF is saying the President Trump could be good for U.S. economy. Christine Lagarde, head of the International Monetary Fund said Sunday that President Donald Trump will probably be good for the American economy in the short term. She did say rising interest rates … Read More →
President elect Donald J Trump took to Twitter last week to promise punitive actions for those companies who left the US. It’s hardly the sort of free trade beliefs he pushed during the election, and a nightmare scenario for US business. Mr. Trump outlined what could become one of his legacy policies as President of the United States in a tweetstorm. The U.S. is going to substantialy reduce taxes and … Read More →