In a bold, uncompromising address during his second term’s first joint session of Congress, President Donald Trump resurrected the decade-old concept of expansive tax cuts, asserting that immediate action is paramount for the American economy. The essence of his argument hinged on the belief that sound, permanent tax cuts for all would be the pillar
Abercrombie & Fitch, once a thriving giant in the apparel industry, is beginning to show signs of a concerning decline that has disheartened investors and fashion enthusiasts alike. The retailer’s recent announcement regarding its sales outlook for the current quarter and the fiscal year 2025 casts a pall over its previously bright prospects. With sales
In times of economic uncertainty, investors often look to gold as a stable haven. For those tracking Barrick Gold, the latest insights from UBS analyst Daniel Major present a potentially lucrative opportunity. Major has upgraded the stock from neutral to a buy, forecasting a remarkable 24% price upside. Such a bold assessment in a market
Mortgage interest rates have finally taken a significant downturn, lighting a welcome spark under loan applications that have languished in the shadows of economic uncertainty. A mere 20.4% surge in mortgage application volume within just one week, as reported by the Mortgage Bankers Association, is no small feat. This isn’t just another tick on a
In a move that could result in severe repercussions for the automotive industry, President Trump’s recently imposed 25% tariffs on goods from Mexico and Canada threaten to slash North American vehicle production by an alarming one-third. According to S&P Global Mobility, this potentially means a staggering loss of approximately 20,000 vehicle units produced every single
The latest missive from Washington D.C.’s Chief Financial Officer, Glen Lee, has sent shockwaves through the city’s political landscape, revealing a grim financial forecast that threatens the urban fabric of America’s capital. As the winds of change blow through the Federal workforce, the economic impact is becoming more apparent. The reported downward revision in local
In an era of escalating trade tensions, the American housing market finds itself grappling with the impact of hefty tariffs levied on imports, primarily from China, Mexico, and Canada. Under the Trump administration, recent policies have pushed tariffs on Chinese goods to 20% and on lumber from Canada and Mexico to an astronomical 25%. As
The ongoing trade war, instigated by President Donald Trump’s implementation of tariffs on key partners such as Canada and Mexico, has imposed considerable uncertainty on the global economy. While it’s easy to feel pessimistic and overwhelmed by the rising tensions, a pragmatic approach reveals potential opportunities for investors. Low volatility stocks are emerging as beacons
In a striking decision that has sent ripples through financial markets, S&P Global Ratings has downgraded Memphis, Tennessee’s sanitary sewerage system revenue bonds from AA-plus to A-plus, which has raised valid concerns about the fiscal health of one of America’s iconic cities. The backdrop of this downgrade is a staggering decline in liquidity. The cash
In a shocking shift that could lay the foundations for widespread economic disarray, President Donald Trump’s recent imposition of substantial tariffs poses a serious threat to the profitability of America’s automotive giants—General Motors, Ford, and Stellantis. The announcement of a 25% tariff on goods imported from Canada and Mexico, coupled with a 10% tax on