Breaking News: Economy

Treasury Secretary Bessent: Trump Administration Steers U.S. Away from Financial Crisis

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Treasury Secretary Bessent: Trump Administration Steers U.S. Away from Financial Crisis

Washington, D.C. – March 16, 2025Treasury Secretary Scott Bessent delivered an optimistic assessment of the Trump administration’s economic strategy during an appearance on NBC’s Meet the Press today, asserting that decisive policy shifts are preventing an impending financial crisis. Bessent, a seasoned economist and hedge fund veteran, credited the administration’s focus on sustainable fiscal policies … Read more

How Trump’s trade policy is putting pressure on U.S. farmers

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How Trump’s trade policy is putting pressure on U.S. farmers

Soy farmer Caleb Ragland on his farm in Magnolia, Kentucky Courtesy: American Soybean Affiliation Caleb Ragland, a soybean farmer in Magnolia, Ky., voted for President Donald Trump in 2016, 2020 and 2024. Now, nevertheless, he has to navigate a tariff minefield at a time when the sector is already dealing with main headwinds. Ragland works … Read more

Treasury Secretary Bessent says the American dream is not about ‘access to cheap goods’

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Treasury Secretary Bessent says the American dream is not about ‘access to cheap goods’

Scott Bessent, US treasury secretary, throughout a Bloomberg Tv interview in New York, US, on Thursday, Feb. 20, 2025. Treasury Secretary Scott Bessent on Thursday provided a full-throated protection of the White Home’s place on tariffs, insisting that commerce coverage must be about extra than simply getting low-priced objects from different international locations. “Entry to … Read more

Layoff announcements soar to the highest since 2020 as DOGE slashes federal staff

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Layoff announcements soar to the highest since 2020 as DOGE slashes federal staff

Just lately fired U.S. Company for Worldwide Improvement (USAID) workers carry bins with a message as they go away work and are applauded by former USAID staffers and supporters throughout a sendoff outdoors USAID workplaces in Washington, D.C., U.S., February 21, 2025. Brian Snyder | Reuters President Donald Trump’s efforts to pare down the federal … Read more

ADP jobs report February 2025:

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ADP jobs report February 2025:

Personal sector job creation slowed to a crawl in February, fueling considerations of an financial slowdown, payrolls processing agency ADP reported Wednesday. Corporations added simply 77,000 new employees for the month, properly off the upwardly revised 186,000 in January and beneath the 148,000 Dow Jones consensus estimate, in accordance with seasonally adjusted figures from ADP. … Read more

DeepSeek OpenAI tops 400 million users despite

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DeepSeek OpenAI tops seems to be rising rapidly regardless of rising competitors. DeepSeek OpenAI – The San Francisco-based tech firm had 400 million weekly energetic customers as of February, up 33% from 300 million in December, the corporate’s chief working officer, Brad Lightcap, instructed CNBC. These numbers haven’t been beforehand reported. Lightcap pointed to the … Read more

Fed minutes January 2025

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Federal Reserve officers in January agreed they might wish to see inflation come down further sooner than lowering charges of curiosity further, and expressed concern regarding the have an effect on President Donald Trump’s tariffs would have in making that happen, in accordance with meeting minutes launched Wednesday. Policymakers on the Federal Open Market Committee … Read more

Elon Musk will look at with Trump on thought for tax refunds from DOGE financial savings

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DOGE financial savings – U.S. President Donald Trump speaks subsequent to Elon Musk and X Æ A-12, Musk’s son, throughout the Oval Office of the White House in Washington, D.C., U.S., February 11, 2025. Elon Musk on Tuesday talked about he’ll contact base with President Donald Trump on a proposal to ship Individuals tax refund checks … Read more

DUBAI, United Arab Emirates – Decrease debt or face monetary coronary coronary heart assault

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Cut Debt or Face Economic Heart Attack: A Survival Guide for Nations, Businesses, and Households The global economy is walking a tightrope, balancing precariously over a chasm of unsustainable debt. From governments drowning in trillion-dollar deficits to households struggling with credit card balances, the world’s addiction to borrowing has reached critical levels. The International Monetary … Read more