Economy
US President Donald Trump’s proposal to provide a $5,000 payment to every adult American could add more than $1 trillion to the country’s budget deficit and public debt if implemented, according to economist Rob Mellin of the University of South Florida. Mellin, an associate professor in......
Economist Peter Schiff has warned that the United States could face an economic crisis more severe than the 2008 financial meltdown, arguing that the country is now exposed to a much broader asset bubble and significantly higher levels of debt. Speaking in a recent YouTube interview, Schiff said he......
Canadian Prime Minister Mark Carney has reaffirmed Ottawa’s willingness to reach what he described as a fair trade agreement with the United States, while stressing that any future arrangement must protect Canada’s economic interests and provide benefits for both sides. Carney said discussions......
US semiconductor giant Micron Technology is offering exceptionally large bonuses to employees in Taiwan as it seeks to ease growing labor tensions and prevent a potential strike at one of its most important manufacturing hubs. The company announced that employees in Taiwan will receive bonuses for fiscal......
The average price of diesel fuel in the United States has risen above $6 per gallon for the first time, marking a new record as higher crude oil prices and growing geopolitical tensions put additional pressure on the American energy market. According to fuel price tracking data, the sharp increase comes......
The global billionaire rankings have undergone a striking shift, with Americans occupying all 10 positions at the top of Bloomberg’s Billionaires Index for the first time since the agency began publishing the ranking in 2012. The change highlights the growing dominance of U.S. technology companies,......
The International Monetary Fund has come under renewed criticism over the fiscal conditions attached to its lending programs, with Oxfam arguing that austerity requirements have become more demanding over the past decade and could place additional pressure on vulnerable communities. In a report and......
The US federal budget deficit reached approximately $2 trillion during the first 11 months of fiscal year 2026, according to figures released by the Congressional Budget Office, highlighting the continued pressure on the country’s public finances despite stronger government revenues. The deficit......
US President Donald Trump has promised a $5,000 payment to every American adult if Republicans retain control of both chambers of Congress in the upcoming midterm elections, presenting the proposal as a direct return of economic gains to citizens. Speaking at a Republican Party conference in Dallas......
The average interest rate on 30-year fixed-rate mortgages in the United States climbed to its highest level since June 2025 last week, as rising oil prices and renewed inflation concerns pushed borrowing costs higher. According to the Mortgage Bankers Association (MBA), the average rate increased by......
New financial disclosures from the Trump administration show that US President Donald Trump gave a total of $155,000 in cash gifts to four members of his White House team. Executive assistant Natalie Harp, communications adviser Margo Martin and White House operations deputy Chamberlain Harris each......
US President Donald Trump has expanded the list of Canadian goods subject to additional 50% tariffs, adding more than 70 product categories including cheese, furniture, automobiles and construction materials. The White House announced the expansion following stalled trade negotiations between Washington......
Trade in aerospace products between Morocco and the United States has expanded significantly in 2026, with US exports in the aerospace category exceeding $1 billion during the first seven months of the year. The increase highlights the growing industrial and technological links between the two countries. According......
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