Economy

Another Major Retailer Announces Closure of 27 Stores Across the U.S.

A major retailer has announced the closure of 27 stores across the U.S., citing the need to restructure operations and adapt to shifting market conditions.

27 Kohl's Stores Set to Close Nationwide

Tariff Tensions and Economic Uncertainty Shake U.S. Consumer Confidence

Rising tariffs and economic uncertainty are weighing on consumer spending, business confidence, and future growth prospects.

New York People Walking In The Street

Wall Street Gains Despite Volatility as Oil Prices Drop and Inflation Slows

Markets rebounded after early volatility, as investors navigated geopolitical tensions, economic data, and shifting trade policies.

US market wall street

Urpay Wallet Integrates Western Union: What It Means for International Transfers

Urpay's latest partnership with Western Union introduces new remittance options for millions of users in Saudi Arabia. This move aligns with the country’s push towards a cashless economy.

Trump Announces 25% Tariffs on EU Goods, Escalating Trade Tensions

US President Trump’s new tariffs on European goods are stoking trade tensions, with businesses facing uncertain impacts ahead.

State-by-State: The Health Effects of Potential Medicaid Cuts Revealed

Medicaid cuts could significantly affect health coverage in every state, with some facing more severe consequences than others. A detailed map shows how these reductions may alter healthcare access across…

Medicaid Health cuts

Nationwide Spending Freeze: EPLE’s Union USA Calls for 24-Hour Boycott to Challenge Corporate Power

A nationwide movement calls for a bold economic blackout. A 24-hour boycott aims to challenge corporate and governmental powers.

Why is Trump ordering a tariff probe into US copper imports?

A new trade investigation targets foreign copper imports, signaling potential economic shifts. The move raises concerns for key suppliers and global markets.

Apple’s $500 Billion Investment Plan for U.S. Innovation

Apple is set to make a massive investment in U.S. innovation, including a new factory and thousands of jobs. The company’s plan signals a shift in its domestic manufacturing strategy…

Steel and Aluminium Tariffs Spark Price Hikes: How Are US Manufacturers Coping?

Steel and aluminium prices are climbing as new tariffs approach, creating uncertainty for US manufacturers. Supply chains and costs are already shifting.

Starbucks Announces Major Layoffs as CEO Drives Transformation

Starbucks is making significant changes to its corporate structure as part of a new strategic direction. These adjustments are set to reshape the company’s future.

Trump Freezes Wind Power Projects, Throwing U.S. Industry Into Turmoil

The wind energy industry is facing a major setback as Trump’s permit freeze halts both land and offshore projects, putting billions in investment at risk. Energy giants are writing down…

Trump wind energy

Trump Administration Moves to Strip $4B From California’s High-Speed Rail Project

California’s long-delayed high-speed rail project is facing fresh scrutiny as the Trump administration opens an investigation into its funding and progress. With $4 billion in federal funds at stake, officials…

Donald Trump california rail

Trump’s Tax Agenda: Sweeping Cuts for Individuals, Businesses, and Investors

At a major investment summit, Donald Trump laid out his vision for the largest tax cuts in U.S. history, alongside aggressive tariffs on key imports. His plan promises relief for…

Donald Trump tax

Trump’s 25% Car Tariff Sparks Industry Panic as Ford Warns of Catastrophic Impact

A 25% tariff on imported cars is set to reshape the US auto market—and not everyone is on board. Ford’s top executive warns of a massive industry shake-up, while European…

Donald Trump

Trump’s Unpredictable Economics: A Recipe for Stagflation, Experts Say

Donald Trump’s economic strategies, particularly his tariff policies and unpredictable governance, are creating a volatile environment that may make the US a "scary place to invest." Rising inflation and a…

Donald trump

Why London’s Gold Vaults Are Emptying as Banks Rush Bullion to New York

As fears of tariffs on European imports spark uncertainty, major banks like JPMorgan and HSBC are capitalising on a rare price gap between London and New York. The surge in…

Gold london

Trump’s Bold New Trade Plan: Will Tariffs Reshape Global Markets?

Trump has ordered a sweeping review of global trade policies, aiming to level the playing field for US businesses. Countries like the EU, India, and Vietnam may face new tariffs…

Trump trade war

Trump’s Toughest Economic Hurdle: Tariffs, Interest Rates, and Inflation

Despite Trump’s pledge to curb inflation, prices continue to climb. New tariffs, strong consumer demand, and Federal Reserve policies fuel uncertainty. As interest rates remain a key battleground, economic pressures…

Trump Tariff

US Metal Tariff Hike: How It Could Impact Food, Cars, and Housing Prices

The US government’s decision to impose steep tariffs on steel and aluminium is sending shockwaves through key industries. From canned food to cars and construction, businesses warn of rising costs.…

US tariff cans

US Aid Freeze Cripples Cambodia’s Fight Against Human Trafficking, Leaving Victims Stranded

Cambodia’s fight against human trafficking is unraveling as the US aid freeze shuts down shelters and rescue efforts. Survivors are left vulnerable to re-exploitation, with no safety net in place.…

US and Cambodia flags

Trump’s Tariffs: A Closer Look at the Nations Facing the Biggest Risks

As the US grapples with a record trade deficit, President Trump’s tariffs are targeting key nations with large trade surpluses. Countries such as China, Mexico, and Canada are among the…

Trump tariffs

Musk’s $2 Trillion Budget Cut Plan: Will Social Security and Medicare Survive?

Elon Musk’s new role as head of the Department of Governmental Efficiency has put him in charge of a daunting task—cutting $2 trillion from federal spending. While his team moves…

Musk and Trump

USAid in Crisis: Nearly $500M in Food Aid at Risk After Sudden Cuts

Widespread staff reductions and funding freezes have left US humanitarian aid in limbo, putting millions of dollars in food assistance at risk. With oversight teams sidelined, concerns over aid diversion…

USAID

Trump Hints at Treasury Irregularities—Is the US Debt Overstated?

Speaking aboard Air Force One, Trump suggested that Treasury irregularities could mean the US owes less than reported. His vague remarks left analysts puzzled, while markets barely reacted.

Donald trump treasury

China Targets Key US Industries in Latest Tariff Battle

The US-China trade war is back as Beijing retaliates against Washington’s latest tariffs with a wave of economic countermeasures. Strategic industries, from energy to technology, are caught in the crossfire.…

China US

Gluten-Free Brand Issues Urgent Recall over Possible Metal Contamination Across the U.S.

A well-known brand specializing in gluten-free foods has issued a recall, but not for the usual allergens. A hidden risk was discovered in one of its popular frozen products. Consumers…

Three Cheese Mac & Cheese Bites

U.S. Tariff Shock: Trump Targets Steel, Aluminum, and More in New Trade Policy

The U.S. is escalating its trade war as Trump announces sweeping tariffs on steel and aluminum imports. Major trading partners, including Canada and Mexico, are caught in the crossfire. Markets…

Trump tariff on steel and aluminum

The Market Reacts: How Trump’s Trade War Could Reshape Investments

A fresh wave of tariffs has reignited fears of market instability, with investors watching closely as trade tensions escalate. Businesses exposed to global supply chains could face mounting pressure, while…

US Tariff Market

Is Your Pension Safe? How a 50-Year-Old Law Is Struggling to Protect Retirees

The Employee Retirement Income Security Act (ERISA) was designed to safeguard workers’ pensions, ensuring they wouldn’t be left without retirement savings. But in a world where traditional pensions are vanishing…

ERISA pension changes

Panama Canal Dispute Escalates: US Demands Free Crossings, Panama Refuses

The US says Panama agreed to waive transit fees for American vessels—but the Panama Canal Authority denies it outright. As diplomatic tensions rise, Trump threatens to take back control, citing…

Panama Canal

China Retaliates with Tariffs on Us Goods as Trade War Escalates

In a swift response to Washington’s new tariffs, Beijing has imposed levies on US exports and tightened its grip on key minerals. Meanwhile, an antitrust investigation into Google adds another…

China Tariffs

Mortgage Rates in 2025: What Today’s Numbers Mean for Homebuyers and Refinancers

The mortgage market is showing mixed signals as 2025 begins, with some rates falling slightly while others continue to climb. Buyers and homeowners must navigate this shifting landscape carefully. As…

Mortgage US

Fresh Trade Tariffs Send US Stock Futures into Sharp Decline

US stock markets are reeling as new tariffs on imports from Mexico, Canada, and China send futures into a sharp decline. Investors fear supply chain disruptions, rising costs, and inflationary…

Trump trade wars

U.S. Tariffs Trigger Oil Price Spike, Raising Inflation Concerns

Trump’s sweeping tariffs on Canada, Mexico, and China have sent shockwaves through global markets. Oil prices are surging, and supply chains are under threat. Analysts warn of rising costs at…

oil

HEAP Stimulus Check: New York Seniors Can Claim Up to $1,000 for Heating Assistance

As energy prices soar, New York State is stepping in with HEAP assistance—a $1,000 stimulus aimed at helping seniors heat their homes this winter. But not everyone qualifies, and applications…

HEAP program

Canada Hits Back: Trudeau Slaps 25% Tariffs on American Goods—Here’s What You’ll Pay More For

Canada has just unveiled a bold response to the latest US trade measures, targeting key American exports with fresh tariffs. The move signals a sharp downturn in relations between the…

Prime Minister Justin Trudeau announced on Saturday that Canada will impose 25% levies on a wide range of US imports

Trump’s War on NYC’s Traffic Solution: How Congestion Pricing Could Be Halted

New York City's congestion pricing program, designed to reduce traffic and improve air quality, faces a major challenge as Donald Trump vows to end it. Despite early successes, including fewer…

NYC traffic

Governor Hochul Announces $55M Emergency Response Upgrade—Faster 911, Better Safety

New York is making a big move to improve emergency response—but what’s really changing? With $55 million on the table, counties across the state are set to upgrade their 911…

Governor Hochul

Lutnick Backs Aggressive Tariffs in Senate Hearing, Vows to Reshape Us Trade

Howard Lutnick isn’t just defending tariffs—he’s making them central to America’s trade future. In his Senate hearing, he dismissed inflation fears and promised tough action on China, Mexico, and even…

Lutnick

U.S. Freezes Foreign Assistance, Leaving Global Aid Programs in Crisis

A sudden U.S. foreign assistance freeze has left humanitarian programs in crisis, forcing staff layoffs and abrupt shutdowns. From food relief in Africa to veteran support in Ukraine, critical aid…

u.s aid program

Social Security Full Retirement Age Changes in 2025: Key Dates You Need to Know

Big changes are coming to Social Security in 2025, including updates to the full retirement age (FRA) that could reshape how much retirees receive. For some, this means adjusting their…

Inflation Drops to 2.9%: NABE Economists See Reduced Recession Risks

As inflation shows signs of easing, economists are cautiously optimistic about the U.S. economy in 2025. A new NABE survey points to reduced recession risks but highlights uncertainties tied to…

US inflation

Social Security Shortfall: The Urgent Challenges Facing Retirees and Workers

Social Security, a cornerstone of retirement income for millions, faces an uncertain future. With trust funds projected to deplete by 2034, benefit cuts could leave retirees vulnerable. Demographic shifts and…

Social Security retiree

US Unemployment Benefits Hit Three-Year High: What It Means for Job Seekers

Unemployment claims in the US have climbed to their highest in three years, with 1.9 million continuing claims reported last week. Despite a strong economy and steady job growth, rising…

US Freezes Billions in Foreign Aid: Who Benefits and Who Loses?

The US State Department has issued a sweeping freeze on foreign assistance programs, pausing billions in funding and halting new commitments. A leaked memo reveals this directive stems from President…

US Freezes Billions in Foreign Aid

Citizenship Rights Upheld: Court Stops Trump’s Executive Order

A federal judge has blocked Donald Trump’s attempt to end birthright citizenship, calling the executive order “blatantly unconstitutional.” The controversial measure, signed during Trump’s first day back in office, would…

Baby given US citizenship

IRS Announces 2025 Tax Season Start Date: How to File and Track Your Refunds

Tax season is just around the corner, and the IRS is gearing up to accept 2024 tax returns. But when is the first day to file, and how can you…

IRS Announces 2025 Tax Season Start Date

Trump’s Inflation Battle: Will Deregulation and Drilling Ease Household Costs?

Trump’s second-term agenda sets its sights on tackling inflation, a top concern for American households. With plans to expand energy production, loosen regulations, and reduce government spending, the administration aims…

Donald Trump inflation

Gold Prices Soar to $2,752: What This Means for Investors Amid Trade Uncertainty

Gold prices are nearing record highs, fueled by rising trade tensions and uncertainty around President Trump’s tariff threats against China and the EU. As investors flock to safe-haven assets, questions…

gold bars and silver coins stacked against a background of US dollar bills