Canada cancels digital services tax for the US: What is it and why did Trump want it eliminated?
The Canadian government has decided to retract its Digital Services Tax, which was set to begin on Monday, following threats from President Donald Trump regarding trade negotiations between the US and Canada related to taxes. A year ago, Canada introduced a 3% digital services tax aimed at major tech companies that generate over $20 million […]
Canada withdraws digital services tax, negotiations with the US to continue
Canada and US Resume Trade Discussions After Tax Withdrawal Canadian Prime Minister Mark Carney plans to restart trade negotiations with US President Donald Trump, following Canada’s announcement of its withdrawal from the Digital Services Tax this past Sunday. The Canadian government stated that the decision to retract the Digital Services Tax aims at paving the […]
GE Appliances relocating washer manufacturing from China to Kentucky in $490 million agreement
GE Appliances Shifts Production to Kentucky GE Appliances announced on Thursday that it will invest $490 million to relocate most of its washing machine production from China to Kentucky. This move is particularly significant as it aligns with the company’s operations at its extensive industrial appliance park in Louisville, where washers and dryers are already […]
US dollar falls to a three-year low following report of Trump’s potential early Fed chair appointment
US Dollar Hits Three-Year Low Amid Fed Chair Speculation On Thursday, the US dollar dropped to its lowest point in three years, coinciding with news that President Donald Trump is likely preparing to announce his choice for the next chair of the Federal Reserve System. The Wall Street Journal’s index tracking the dollar’s strength relative […]
Mortgage rates decrease to 6.77%
US Real Estate Market Set for Changes Experts in the real estate industry believe significant changes are on the horizon for the US housing market in the coming months. According to mortgage buyer Freddie Mac, mortgage interest rates have dropped to their lowest levels in four weeks as of Thursday. Their latest primary mortgage market […]
FHFA instructs Fannie Mae and Freddie Mac to evaluate crypto as a mortgage asset
Housing Market Update: Cryptocurrency Considered as Mortgage Assets U.S. housing regulators are now requiring Fannie Mae and Freddie Mac to factor cryptocurrencies into their risk assessments for single-family mortgages. William Prute, the director of the Federal Housing Finance Agency (FHFA), announced this directive on social media, stating that he has ordered the government-sponsored enterprises to […]
Trump administration disputes CBO deficit estimates for tax bill
Trump Administration Challenges CBO Estimates on Economic Bill Officials in the Trump administration are disputing the Congressional Budget Office’s (CBO) projections regarding what has been termed “one big beautiful bill,” suggesting that the CBO’s scoring does not fully capture the economic growth that the legislation might generate, leading to an inflated estimate of the budget […]
Microsoft is set to make additional job cuts in the Xbox division next week
Microsoft Plans Job Cuts in Xbox Division Microsoft is set to initiate further job cuts within its Xbox division as part of an ongoing restructuring of the tech giant. Reports suggest that significant layoffs could occur in the coming week, according to sources familiar with the situation. This marks the fourth time Microsoft has downsized […]
Trump calls Fed Chair Powell ‘low IQ’ and claims interest rates are excessively high.
Trump Criticizes Fed Chairman Powell Ahead of Rate Decision President Donald Trump has once again voiced his disapproval of Federal Reserve Chairman Jerome Powell. This remark came while Powell was testifying before a Senate committee. During a press conference at the NAGO Summit in The Hague, Trump didn’t hold back, saying, “I think he’s terrible.” […]
Persistent unemployment posing difficulties for workers
Analysis of the US Labor Market Rick Hermanns, the President and CEO of HireQuest Inc., recently discussed the current state of the American workforce, highlighting areas of high demand. Despite relatively low unemployment rates, the sluggish pace of job creation has led to a stagnation in the number of long-term unemployed individuals, which is concerning, […]