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News
Iran war drives US energy costs higher, adding over $100B burden for Americans
1+ hour, 15+ min ago (493+ words) Since the war between the U.S. and Iran began late February, Americans have faced a sharp increase in energy costs. The rise has also affected prices of everyday essentials as sellers pass on some of the higher fuel costs they incur…...
Toilet paper prices rise in the US amid trade tensions with Canada
1+ week, 5+ day ago (460+ words) The U.S. and Canada are now in a full-fledged trade war following the breakdown of negotiations last weekend, and toilet paper has emerged as a casualty. Canada has threatened to impose tariffs of between 25% and 50% on “toilet paper or face tissue…...
US debt hits record $40 trillion as deficit concerns grow
2+ week, 4+ day ago (608+ words) The U.S. national debt has crossed the $40 trillion mark for the first time, according to Treasury Department data released Wednesday, reflecting the growing pressure on the federal government as borrowing continues to outpace earlier projections. Total public debt outstanding reached $40.05 trillion…...
National SME Mobilization Global Index™
2+ week, 6+ day ago (540+ words) Total SMEs: 431 million across 100 nations High-Potential SMEs: 86 million Mobilized SMEs: 17 million Potential New GDP: USD $6.3 trillion Mobilized SMEs represent just 4% of total SMEs. National SME Mobilization Global Index™ 100 Nations Ranked by Highest High-Potential SMEs: Core Idea: The real wealth of…...
US economy unexpectedly sheds 23,000 jobs in July
1+ mon, 19+ hour ago (371+ words) U.S. employers unexpectedly cut 23,000 jobs in July, while gains in the previous two months were revised sharply lower, potentially bolstering expectations that the Federal Reserve could cut interest rates in the coming months, according to an Investing.com report. The unemployment…...
US workers’ share of GDP falls to record low
1+ mon, 19+ hour ago (357+ words) U.S. workers saw their share of the U.S. economy slide to a record low in the second quarter, according to the Bureau of Labor Statistics (BLS). The labor share of nominal gross domestic product, which BLS defines as the percentage of output…...
‘Always there for Japan’: Trump as US, Japan confirm rare joint venture to strengthen yen
1+ mon, 4+ day ago (421+ words) Japan and the U.S. confirmed a rare joint intervention to buy yen in order to stop the Japanese currency’s slide to 40-year lows. President Donald Trump had announced the move in a statement on Sunday, following which the Japanese Ministry of…...
Brazil’s payment app draws US scrutiny as Trump imposes 25% tariffs
1+ mon, 2+ week ago (397+ words) Brazil’s government-run payment app has become the latest flashpoint in a dispute between Washington and Brasília, after the Trump administration cited it as one of the reasons for imposing 25% tariffs on Brazilian goods this week. Brazil’s free payment app Pix…...
Trump touts Walmart price cuts after White House request
2+ mon, 15+ hour ago (366+ words) President Donald Trump on Monday said Walmart will lower prices on a range of products after a request from his administration, calling the retailer “truly patriotic.” He also urged other companies to follow its example as the United States prepares…...
Elementor lays off 100 employees, blames AI for job cuts
2+ mon, 1+ week ago (433+ words) Elementor, one of the biggest website-building platforms in the world, will lay off more than 100 employees. This comes to approximately 30% of the company’s workforce. CEO Yoni Luksenberg said they underestimated how fast AI is changing the way websites get built,…...