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
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
With the 2024 Presidential Election on the horizon, Vice President Kamala Harris, the Democratic nominee, has articulated her strategy to support middle-class Americans grappling with daily financial strains. In her recent Raleigh, N.C., address, Harris underscored the imperatives of reducing
The United States economy experienced moderate growth in the second quarter of 2024, with economists forecasting an annualized GDP increase of 2.1%. Despite this tempered pace, consumer spending has remained unexpectedly resilient, challenging predictions of a significant decline. Concurrently, the
The upcoming election season has rekindled debates over the economic strategies proposed by President Joe Biden and former President Donald Trump as they both vie for a potential second term in office. Each candidate presents unique plans spanning critical areas like tax reforms, trade tariffs,
The financial landscape is continually molded by the tectonic shifts in global currency values, a phenomenon currently highlighted by the devaluation of China's yuan. As the local currency reached a six-month low against a robust US dollar, the ripples have begun to spread far beyond Chinese
