Economy

President Joe Biden is on the brink of making a pivotal decision that could prevent Nippon Steel's proposed $14.9 billion acquisition of U.S. Steel, a move with sweeping implications for the nation’s security, economic policies, and political strategy. The industrial Midwest, in particular, b

The primary focus of this article is the current state of the United States manufacturing sector, which as of August 2024, remains entrenched in recessionary conditions. This persistent downturn is characterized by a reduction in production output, new orders, supplier deliveries, and export

Consumer confidence in the United States has recently showcased a significant uptick, providing a much-needed positive note amidst a fluctuating economic landscape. This renewed confidence, as indicated by multiple surveys and indices, reflects improved sentiments about business conditions and

The U.S. labor market has shown signs of faltering, compelling the Federal Reserve to consider a rate cut in response. In recent developments, jobless claims have increased slightly, payroll data underwent significant revisions, and inflation continues to show signs of moderation. As these factors

In the midst of a landscape set for significant tax reform, the idea of implementing a financial transaction tax (FTT) on Wall Street has emerged as a potential game changer. Susan Harley’s article, "Wall Street Sales Tax Could Fund Huge Improvements," delves into the benefits of such a t

The proposal to establish a financial transaction tax (FTT) on Wall Street trades has gained traction as a potential means to generate significant revenue and foster economic fairness in the United States. This tax, which would apply to stock, bond, and derivative transactions, has the potential to