In a recent speech at the Republican National Convention, Donald Trump’s running mate JD Vance emphasized the need to protect the wages of American workers and prevent the Chinese Communist Party from exploiting American citizens. Vance’s hard line on China reflects a growing sentiment among political leaders and economists who are concerned about the impact
Housing constitutes a significant expense for consumers in the United States, yet high rents and home prices are not the only obstacles preventing potential homebuyers from saving money. Another major roadblock is access to affordable credit. An alarming statistic reveals that approximately 50 million Americans are considered “credit invisible,” as reported by the Office of
Federal Reserve Governor Christopher Waller recently stated that interest rate cuts are likely to happen soon, provided there are no major surprises regarding inflation and employment. Waller believes that the current economic data support achieving a soft landing, and he will closely monitor the data in the coming months to strengthen this viewpoint. While he
The potential depletion of Social Security funds has been a pressing issue that remains unresolved. With the combined trust funds projected to last until 2035, the future of the program is uncertain. Both President Joe Biden and former President Donald Trump have vowed not to touch benefits, but questions remain about the sustainability of the
The stock market has seen a significant uptrend since the last monthly meeting in June. With the current expectation of the Federal Reserve lowering interest rates, traders have been driving stocks to new highs. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have all reached all-time highs. This optimism in the market has
The 2025 Cadillac Escalade V-Series is set to revolutionize the luxury SUV market with a host of new upgrades and enhancements. Building on its legacy of bold American craftsmanship, technology, and performance, this flagship SUV is raising the bar once again with a standard 55-inch diagonal display, an “executive package” for the second row, and
Adidas recently announced an increase in its full-year 2024 earnings guidance, leading to a rise in its shares. The German sportswear company is now projecting an operating profit of around 1 billion euros, up from the previously expected 700 million euros. This positive outlook is based on better-than-expected preliminary results for the second quarter of
ASML, the Dutch semiconductor manufacturing equipment firm, has reported second-quarter earnings and sales that exceeded forecasts. The company’s net sales of 6.24 billion euros ($6.8 billion) surpassed the expected 6.03 billion euros, while net profit reached 1.58 billion euros compared to the anticipated 1.43 billion euros. Despite a 9.5% year-on-year decrease in net sales and
In the past week, mortgage rates hit the lowest level since March, leading to a significant increase in demand for refinancing. Applications to refinance a home loan rose by 15%, reaching the highest level since August 2022. This surge in demand was 37% higher compared to the same week last year, despite mortgage rates remaining
The International Monetary Fund recently issued a warning regarding the escalating risks of inflation, signaling a potential obstacle to multiple interest rate cuts by the Federal Reserve in the current year. According to the IMF’s World Economic Outlook update, there has been a noticeable slowdown in global disinflation momentum, indicating challenges ahead. The report specifically