Consumer Prices Still High in Trump Era
Trump campaigned on a promise to cut consumer costs that rose during Joe Biden’s term, but he now faces the same harsh truth as his predecessor: prices rise, they rarely fall, and Americans dislike higher prices. Trump may be making the same mistakes as Biden, downplaying the impact of increasing costs on people and relying…
Bitcoin plunged from its peak. is Bear near?
Bitcoin hit a seven-month low near $80,000, where analysts predict further deeper losses.Bitcoin plummeted to $80,553 and ether touched a four-month low as investors fled riskier assets due to concerns over high tech valuations and near-term U.S. interest rate reduction. Cryptocurrencies are generally seen as a barometer of risk appetite, and their slide shows how…
Trump Tariff softened on Brazil’s Coffee
Brazil’s government stated Friday that 22% of its exports to the US are subject to a 40% duty after President Donald Trump added coffee, beef, and fruit to the exemptions. Based on 2024 export values, the Ministry of Development, Industry, Trade, and Services indicated the 10% U.S. base tariff affects certain products. Vice President Geraldo…
Dollar Soar High, Japan Yen Fell to its lowest
After striking a 9-1/2-month high on Tuesday, the dollar rose against the yen and the euro as investors worried about Japan’s fiscal posture and anticipated U.S. data on the Federal Reserve’s next move.The Cleveland Fed said that 39,000 Americans were given advance notice of layoffs last month, while ADP Research reported that companies lost 2,500…
Bitcoin Slide to $90,000 Today
Bitcoin dipped below $90,000 for the first price in seven months on Tuesday, signaling a decline in investor risk appetite throughout financial markets.The risk-sensitive cryptocurrency has lost all this year’s gains and is roughly 30% below October’s peak above $126,000. After falling to $89,286.75, it fell 1.1% to $92,891.Crypto was falling due to market players’…
President Donald Trump Load His Bonds To $82 Million
Trump acquired a minimum of $82 million in corporate and municipal bonds between August and October. This included new investments in sectors that benefit from his initiatives, according to Saturday financial filings.The US government produced documents saying The Office of Government Ethics said that Trump made over 175 purchases between August 28 and October 2.…
Canada’s face 7 month low
Canadian manufacturing activity reached its lowest point of the year in July, with both production and new orders declining at faster rates. The Purchasing Managers’ Index for S&P Global Canada Manufacturing dropped to 47.8, marking the lowest reading since December. The operating environment became unclear due to rising prices, geopolitical concerns, and shipping issues. Employment…
Japan increasing minimum wage to 5%
Japan’s labor ministry has decided to increase the country’s average minimum wage to 1,054 yen ($6.85) per hour this fiscal year, a 5% increase. The Bank of Japan is expected to raise interest rates once sustainable inflation and wage growth are achieved. The decision will be determined by labor and business representatives in August, with…