A recent analysis from the New York Federal Reserve posits that the tariffs implemented during Donald Trump’s first presidential term resulted in considerable economic detriment and a significant “welfare loss” for American citizens. The claims include an estimated loss of $4.1 trillion in U.S. stock market value, alongside assertions of…

On MSNBC’s “Katy Tur Reports,” Senator Chris Murphy of Connecticut discussed the implications of President-Elect Donald Trump’s Cabinet selections, characterized by market fundamentalists. He highlighted the potential for Democrats to advocate for a balanced economic approach—termed “common good capitalism”—that seeks to temper the excesses of unregulated markets. Murphy expressed concern…

In December 2023, excitement surrounded a Mega Millions jackpot that reached $395 million, leading to two lottery tickets being sold at a gas station in Encino, California. One of those tickets was claimed by a winner, but the second ticket remains unclaimed and set to expire on Saturday. This unclaimed…

Haliey Welch, widely recognized for her viral “hawk tuah” video, is currently encountering significant backlash following her launch of a new cryptocurrency, $HAWK. The coin, introduced on the Solana blockchain, garnered substantial attention due to its connection to her popularized phrase, which denotes a specific sexual act. However, within mere…

In a nostalgic twist, the Minnesota-based Mexican restaurant chain Chi-Chi’s is set to make a comeback in 2025, 20 years after it was forced to close its doors for good. The chain’s original co-founders, Marno McDermott and former Green Bay Packers player Max McGee, established Chi-Chi’s in 1975, and it…

In late 2024, economists are largely pessimistic about global economic conditions compared to late 2023, indicating a significant downturn ahead. The Chinese economy is experiencing severe struggles, Europe is facing its own set of crises, and the four years of Biden administration policies—collectively termed Bidenomics—have drastically affected economic stability in…

In October, the U.S. trade deficit showed a significant contraction of 11.9%, falling to $73.8 billion, as reported by the Commerce Department. This decline was sharper than economists had anticipated, with expectations for a deficit of $75.4 billion. Moreover, the trade gap for September was revised downward from an initial…

The election of Donald Trump has notably revitalized the spirits of farmers across America’s agricultural heartland, as evidenced by a significant surge in farmer sentiment reflected in the latest Purdue University-CME Group Ag Economy Barometer. In November, the overall index jumped 30 points to reach 145, marking the highest sentiment…

Donald Trump’s return to the presidency following the election highlights a transformative moment expected to bring about significant change in the landscape of American governance. Many supporters perceive Trump as a more evolved leader than he was during his first term. Reflecting on the past eight years, he is characterized…

A recent study by the Danish organization Digitalt Ansvar has raised alarming concerns about Instagram’s effectiveness in moderating explicit self-harm content among its young users. The research involved creating a private Instagram network with fake profiles of individuals as young as 13 years old, who were used to share increasingly…

In recent years, Eastern European central banks have increasingly turned to gold as a primary asset in response to the region’s persistent geopolitical instability. In particular, Poland, Hungary, and the Czech Republic have demonstrated a marked increase in their gold purchases, with Poland leading the charge as the largest gold-buying…