As the complexity of international trade becomes ever more pronounced, the tension between the United States and China continues to escalate, shifting the dynamics of global commerce. On Tuesday, China’s government announced a series of retaliatory tariffs on select U.S. products, ranging up to 15%, set to take effect on March 10. These measures were
Finance
Recent comments from St. Louis Federal Reserve President Alberto Musalem have highlighted a worrying trend regarding inflation and its potential trajectory. During a keynote address at the National Association for Business Economics conference, Musalem expressed cautious optimism about inflation gradually shifting toward the Federal Reserve’s target of 2%. However, he simultaneously pointed out critical signs
As the U.S. Congress grapples with the fate of numerous expiring tax breaks, an ongoing debate has emerged regarding the potential beneficiaries of extending the Tax Cuts and Jobs Act (TCJA). This legislation, once hailed as a significant overhaul of the U.S. tax system, has now become a focal point of contention. With lawmakers on
Warren Buffett, the legendary investor renowned for his value-driven investment philosophy, recently made headlines by sharing his insights about President Donald Trump’s proposed tariffs on international imports. During an interview with CBS News’ Norah O’Donnell, Buffett expressed his concerns that these protective duties could lead to inflationary pressures that would adversely affect consumers. He succinctly
In an astonishing turn of events that highlights significant lapses in operational controls, Citigroup mistakenly credited a customer’s account with a staggering $81 trillion instead of the intended $280. This incident occurred in April of the previous year and was notable not only for its sheer scale but also for the fact that it went
The Consumer Financial Protection Bureau (CFPB) is undergoing a significant transformation that has left many in the legal and financial communities questioning the agency’s direction. Following the appointment of acting director Russell Vought, the CFPB has swiftly dismissed several enforcement lawsuits initiated by the previous administration under Rohit Chopra. This sweeping action is emblematic of
The Consumer Financial Protection Bureau (CFPB) has often been a contentious agency in the realm of American financial regulation. Recently, the Senate Judiciary Committee held a confirmation hearing for Jonathan McKernan, President Donald Trump’s nominee to helm the CFPB. During this session, Democratic senators made it abundantly clear that they had concerns about McKernan’s ability
The landscape of home energy efficiency initiatives in America is currently marred by a complex web of political maneuvers and administrative directives. With states relying heavily on federal funding for their rebate programs established during the Biden administration, the resumption of these financial resources has been jeopardized by a freeze initiated under the Trump administration.
In recent months, the gold market has witnessed a significant uptick in prices, sparking interest among investors who often see shiny assets as symbols of safety and potential profit. As of 2025, the SPDR Gold Shares fund (GLD) has surged approximately 11%, with a striking 42% increase observed over the past year. This presents an
Recently, Berkshire Hathaway witnessed a notable uptick in its Class A shares, largely credited to the impressive 71% surge in operating earnings reported for the fourth quarter. With the operating profit climbing to an astounding $14.5 billion, the conglomerate’s successful insurance underwriting was a significant contributor, showing a remarkable increase of 302% year-over-year. This financial