Economics
The Container Store, a well-known storage and organizational brand, has recently filed for Chapter 11 bankruptcy, joining other major retail chains such as Party City, Big Lots, True Value, and Rite Aid in making similar decisions amid challenging market conditions. With a workforce of 102 stores across the country, The…
The Biden-Harris administration has officially extended South Africa’s eligibility for trade benefits under the Africa Growth and Opportunity Act (AGOA) until the end of the next fiscal year. This decision has sparked concern among observers in South Africa, particularly in light of the country’s outspoken support for the Palestinian cause…
The article discusses the optimistic economic outlook for the United States following the recent elections, specifically highlighting the potential for an economic boom driven by a renewed spirit of enterprise. It reflects on President-elect Donald Trump’s possible acquisition of Greenland, which is proposed as a strategic move to tap into…
The ongoing humanitarian crisis faced by migrants along the U.S.-Mexico border has intensified, particularly since the political implications of the 2024 election have reshaped policies under President Joe Biden’s administration. Many migrants, primarily from Latin America and the Caribbean, are now stranded on their journey northward, which has been exacerbated…
In a significant announcement, President-elect Donald Trump revealed his selection of former Congressman Billy Long (R-MO) as the new Commissioner of the Internal Revenue Service (IRS). Trump’s endorsement took place via a post on Truth Social, where he emphasized Long’s extensive background in business management. With a career spanning 32…
President-elect Donald Trump announced the nomination of former Senator Kelly Loeffler from Georgia for the position of Administrator of the Small Business Administration (SBA). In a post on Truth Social, Trump praised Loeffler as “a tremendous fighter” during her tenure in the Senate, particularly highlighting her involvement in passing significant…
The sentiments surrounding the U.S. economy are experiencing a resurgence in optimism following the election of Donald Trump. Poll data from YouGov, gathered between November 23 and 26, indicates a significant increase in positive financial outlook among consumers and businesses alike. Specifically, 41% of Americans surveyed now believe they will…
In response to U.S. President-elect Donald Trump’s recent tariff threats, Chinese Foreign Ministry spokesman Lin Jian emphasized the BRICS economic bloc’s commitment to cooperation among emerging markets and developing countries. He called on BRICS members to maintain a stance of openness and inclusiveness, opposing confrontation. Lin articulated that BRICS aims…
The concept of financial success varies widely among different generations in the United States, with stark differences in both salary and net worth expectations. A recent survey conducted by Empower, as highlighted by Visual Capitalist’s Bruno Venditti, reveals that the average American believes an annual salary of just over $270,000…
In a recent op-ed for Fortune, Craig Peters, the CEO of Getty Images, posits a balanced approach to the intersection of artificial intelligence (AI) and copyright law. He argues that navigating these waters through the concept of fair use can not only facilitate innovation but also honor the rights of…
The landscape of higher education in the United States is under significant strain, with a projected increase in the number of college closures due to a declining number of incoming students. A recent working paper from the Federal Reserve Bank of Philadelphia highlights various challenges faced by educational institutions, including…
Last week, Russia implemented a temporary ban on the export of precious metal scrap, marking a significant shift in its economic strategy regarding valuable resources. This ban, effective from December 1, 2023, to May 31, 2025, aims to funnel precious metals scrap back into the domestic market, thereby bolstering Russia’s…
The transition to clean and renewable energy sources has hit significant hurdles, particularly with wind power in the UK, where the situation has escalated to notable levels of inefficiency and fiscal waste. According to reports, the UK is expected to pay over £1 billion ($1.3 billion) to compensate wind farms…
On Tuesday, President Joe Biden announced a significant humanitarian aid initiative, pledging $1 billion to assist Africans displaced by extreme droughts and food scarcity. This announcement was made during his address at the National Museum of Slavery in Luanda, Angola, where he emphasized the Biden administration’s commitment to making African…
© 2025 Arcalis News. All Rights Reserved.