The S&P 500 has surged by 25% in 2024, putting it on track for one of its best annual performances of the 21st century. This remarkable growth is fueled by optimism surrounding artificial intelligence, strong corporate earnings, and encouraging economic data. Additionally, the Federal Reserve’s recent shift to rate cuts has boosted investor sentiment. After […]
President-elect Donald Trump recently announced plans for significant tariff increases on goods imported from Mexico, Canada, and China, a policy he intends to implement on his first day in office. This bold move, aimed at addressing issues like illegal immigration and the flow of drugs into the U.S., has sparked debates about its potential economic […]
As the US economy navigates through shifting financial landscapes, a recent survey by the National Association for Business Economics (NABE) reveals a growing sense of optimism among US economists. Despite ongoing concerns such as inflation and geopolitical tensions, economists are increasingly confident in the economic outlook and anticipate that key tax policies, particularly the Trump-era […]
As the 2024 U.S. presidential election approaches, there’s a noticeable shift in consumer sentiment, with growing optimism about the nation’s economic outlook. With just weeks until voters head to the polls, the data reveals that consumers are becoming increasingly confident in the direction of the economy. This renewed optimism is a significant change from the […]
The International Monetary Fund (IMF) released an update to its World Economic Outlook on Tuesday, increasing the U.S. growth forecast for 2024 while leaving the global growth outlook unchanged. For the United States, the IMF revised its 2024 growth forecast upward to 2.8%, up from the previous estimate of 2.6% in July. The projection for […]
Americans are grappling with rising grocery bills, and many are hoping that President-elect Donald Trump will deliver on his promise to bring relief. However, one of Trump’s key campaign promises, mass deportations, could worsen the situation for consumers already feeling the pinch at the checkout. Throughout his campaign, Trump vowed to “bring down prices” and […]
On November 5, Donald Trump made significant inroads across the United States, even in the deep-blue state of California. While Vice President Kamala Harris, unsurprisingly, secured about 60% of the vote in the Golden State, Trump managed to flip eight counties that had supported Joe Biden in 2020. Though California’s notoriously slow election counting process […]
In a surprising twist for the US economy, import prices rose unexpectedly in October, defying the general expectations of economic analysts who had forecasted a decline. The increase in import prices was driven by higher costs in key categories, such as fuel and nonfuel goods, adding complexity to the current economic landscape. Fuel Prices Drive […]
In October, the U.S. industrial production faced a significant setback, with a decline attributed to continued disruptions from the Boeing strike and the lingering effects of hurricanes. The data, released by the Federal Reserve, paints a picture of a manufacturing sector struggling to recover from a series of challenging events that have dampened output. The […]
Sources have disclosed that Polymarket, a decentralized prediction market platform, is under scrutiny from U.S. criminal and civil authorities. The company, which allows users to bet on the outcomes of various events—ranging from political elections to sports results—has reportedly been investigated for potential violations of U.S. federal laws. The Nature of the Investigation While specifics […]
