The escalating US budget deficit is prompting lively economic discussions. Citigroup’s equity strategist Scott Chronert has highlighted the potential impact of new legislation on the national economy. His […]
US Dollar Gains Momentum: Key Court Ruling Fuels Market Optimism
The US dollar is experiencing a significant uptick, driven in part by recent positive developments within the U.S. legal system that have boosted investor confidence. This upward trend […]
Trump Tariffs Blocked: Legal Battle Continues Over Economic Powers
A federal court has halted the Trump Liberation Day tariffs, citing that the president exceeded his authority in enacting trade policies. This major legal setback raises questions about […]
US Court Ruling Threatens UK Trade Deal and Car Exports
A recent court ruling against former President Donald Trump’s global tariff policy has cast uncertainty over the future of Britain’s trade agreement with the United States, potentially hindering […]
U.S. Jobless Claims Surge Past Projections
The U.S. reported a surge in initial jobless claims for the week ending May 24, reaching 240,000, exceeding market expectations of 230,000. This marked an increase from the […]
U.S. GDP Shows Slight Improvement in First Quarter
New data from Odaily reveals that the U.S.’s first-quarter real GDP growth rate has been revised upward, showing a decrease of -0.2%. This represents an improvement over the […]
Court Strikes Down Trump Tariffs, Impacting US Trade Policy
A major blow to the White House trade strategy has been dealt by a federal court ruling that has blocked the controversial Trump tariffs. The decision now raises […]
Trump’s Tariff Setback Pushes Dollar Up While Crypto Markets Remain Unfazed
Crypto markets remained relatively calm amidst a surge in the US dollar following a court ruling that temporarily blocked President Trump from imposing sweeping import tariffs on American […]
Recession Concerns Surge as Uncertainty Engulfs US Economy
Experts are raising alarm bells about a potential recession looming over the United States economy, fueled by growing uncertainties and economic instability. Neel Kashkari, President of the Minneapolis […]
US Households Maintain Financial Stability Amid Inflation Concerns
Despite ongoing inflation worries, a new Federal Reserve survey shows that 73% of US households report stable financial situations. However, inflation continues to have a significant impact on […]
Trump Endorses Bitcoin Act, Pledges $1 Million BTC Reserve
In a move that sends shockwaves through the financial world, Donald Trump has publicly endorsed the Bitcoin Act, proposing the US government purchase one million Bitcoin. This unprecedented […]
Senator Lummis Proposes Bitcoin as U.S. Strategic Reserve
In Las Vegas, Senator Cynthia Lummis urged the US to treat Bitcoin as ‘digital gold’ and establish a strategic reserve of the cryptocurrency. This proposal aims to solidify […]
Trump Administration Pro-Crypto: Bitcoin as National Asset
President Trump’s administration has implemented a major shift in US crypto policy, designating Bitcoin as a key national asset. This bold move signals a strategic investment in the […]
US Paves Path for Strategic Bitcoin Reserve: From Confiscated Coins to Potential Investment
The United States is taking concrete steps towards establishing a strategic Bitcoin reserve, aiming to bolster its financial stability and potentially gain an advantage in the global cryptocurrency […]
Billionaire Investor Warns of U.S. Debt Crisis Triggered by New Congress Bill
A warning shot has been fired, with billionaire investor Chamath Palihapitiya sounding the alarm about the potential for a major economic crisis in the United States. A new […]