U.S. Trade Deficit Hit Record in 2024 as Imports Surged

Nervous investors seeking news about the plunging markets on Monday would have found right-leaning outlets like The New York Post and Fox Business Network downplaying the sell-off, with some even framing it as a positive development. While some conservative figures expressed concern about the market shock, others, like Newsmax and Fox News hosts, blamed globalist economic agendas for the decline. Amidst the market turmoil, President Trump and his supporters remained largely unfazed, with Trump even...

Prior to Donald Trump's election win, the likelihood of his presidency causing a US recession seemed minimal, with the belief that he had a strong grip on economic matters. However, concerns are rising as his trade war threatens to drag the US economy into negative territory, leading to market declines and fears of a potential recession. Despite conflicting predictions, experts emphasize the impact a US recession could have on global finances and urge caution in...

Russian forces have retaken control of Sudzha in the Kursk region from Ukrainian forces, with fighting ongoing in the town's outskirts. The Russian offensive, supported by North Korean troops, has intensified, prompting upcoming talks between US and Russian officials to discuss a ceasefire in Ukraine, with Russia insisting on a formal settlement of its invasion. US envoy Steve Witkoff is en route to Moscow for discussions with Russian officials after Kyiv agreed to a 30-day...

Intel, a struggling semiconductor company, has appointed Lip-Bu Tan as its new CEO to help restore its reputation and market share. Tan, a seasoned business leader, faces the challenge of revitalizing the company after years of decline, including job cuts and loss of market value. Investors have responded positively to Tan's appointment, with Intel's stock price rising over 11% in aftermarket trading. Full Article

The great wealth transfer refers to the $124 trillion expected to shift from Baby Boomers and older generations to their heirs by 2048, with women set to benefit the most. Bank of America estimates that close to $100 trillion of the transfer will go to women, leading to increased demand for services and products tailored toward them. As a result, women are projected to have more wealth, independence, and opportunity, shaping the future landscape of...

Inflation eased in February, with the Consumer Price Index up 2.8% from a year earlier, below expectations, driven by lower core inflation and varying price changes in categories like food and fuel. President Trump's tariffs are expected to impact prices in the future, causing concerns about economic growth and consumer sentiment. The Federal Reserve is likely to maintain its pause on rate cuts, with traders predicting three cuts this year due to rising economic uncertainty....