The recent resurgence of tariff policies under President Donald Trump has sparked heated debates among economists regarding their viability as a primary source of government revenue. Trump proposed a radical tax reform that suggests eliminating the federal income tax in favor of an “all tariffs” strategy. This bold claim, made during a meeting with Republican
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The current landscape of the housing market offers little encouragement for potential homebuyers, particularly as we enter the crucial spring selling season. Despite an uptick in available listings, buyers remain hesitant to make commitments. A significant factor contributing to this cautious approach is the stagnation of mortgage rates, which have remained largely unchanged over recent
In an economy riddled with uncertainties stemming from trade disputes and tariffs, the toy industry finds itself at a crossroads. Recently, Mattel, the global toy giant responsible for beloved brands such as Barbie and Hot Wheels, revealed plans to potentially increase the prices of its products. This decision aligns with the broader context of tariffs
French oil and gas behemoth TotalEnergies recently unveiled its financial performance for the full year of 2024, showcasing a significant decline in earnings. The company reported an adjusted net income of $18.3 billion, representing a steep 21% decrease compared to the $23.2 billion recorded in the previous year. Analysts were somewhat optimistic, predicting the earnings
The landscape of higher education in the United States is undergoing seismic shifts, particularly in the realm of federal student loans and the institutions that manage them. With discussions within the Trump administration concerning the potential closure or restructuring of the U.S. Department of Education, there exists a palpable anxiety among the approximately 42 million
The realm of autonomous vehicles has been fraught with both immense promise and profound challenges. General Motors (GM) recently shed light on its pragmatic pivot in this landscape, announcing significant layoffs at its subsidiary, Cruise, which once seemed poised to revolutionize urban transportation through its robotaxi service. This strategic shift, marked by the laying off
In the often tumultuous world of hedge funds, Ken Griffin’s Citadel stands as a potent player, managing a staggering $65 billion in assets. As we delve into the performance of Citadel’s flagship Wellington fund in January, we observe a modest yet significant gain of 1.4%. This number comes on the heels of a notable 15.1%
In a bold move that highlights his faith in Sirius XM, Warren Buffett’s Berkshire Hathaway has significantly increased its investments in the satellite radio giant. The conglomerate, based in Omaha, Nebraska, has acquired approximately 2.3 million shares for around $54 million, raising its holdings to an impressive 35.4% of the company. This acquisition took place
The gaming industry often resembles a rollercoaster ride, filled with exciting highs and daunting lows. Nintendo, a titan in this realm, experienced a significant dip in its fiscal third quarter results as it gears up for the launch of its next-generation console. The figures and forecasts released on Tuesday shed light on both the current
In recent developments, U.S. steelmakers were expected to thrive under the tariffs imposed by President Donald Trump. The implementation of a 25% tariff on steel imports from Mexico and Canada, alongside a 10% tariff on steel from China, aims to safeguard domestically produced steel from the competitive pressures of cheaper foreign imports. In the wake