The AI bubble might burst and affect the U.S. and world economies.
The Potential for an AI Market Bubble Could artificial intelligence be on the brink of a bubble bursting? And what would that mean for economies in the U.S. and globally? As the U.S. stock market hits unprecedented highs, largely driven by impressive profits from AI companies, this concern is gaining traction. The current market valuation […]
Traditional economies are being phased out for the internet, according to a venture capitalist.
Transition to an Internet-First Economy Balaji Srinivasan, a former executive at Coinbase and author of The Network State, argues that developed nations are moving away from the traditional economy in favor of one centered on the internet. He describes this shift as a transition towards a high-tech landscape dominated by digital platforms. “The legacy economy […]
US maintaining high car tariffs on EU until taxes on American products are reduced as major economies finalize trade agreement
US and EU Trade Developments on Tariffs The United States plans to keep elevated tariffs on European auto manufacturers until the European Union agrees to lower tariffs on American products. Recently, these two major economies found themselves ensnared in ongoing trade agreements that had been obstructed in the previous month. A joint statement was released […]
Today’s Forex: Major economies’ GDP data and rate decisions from the BoC and Fed expected to increase volatility
Key Updates for July 30th As we head into Wednesday, financial markets are expected to be generally subdued as investors gear up for significant upcoming events. The European session will pay close attention to the preliminary second quarter GDP data from the eurozone. In the US, important economic indicators will include changes in ADP employment […]
Asian economies are suffering due to the US-China trade war.
Following President Trump’s announcement of a release date on April 2nd, a few things stand out. Universal duties of 10% are set, while China is grappling with a 30% tariff, a reduction from the previously staggering rate of 145% due to its retaliations against the US. However, there’s a lot of uncertainty regarding tariff rates […]
Forex Today: Focus shifts to May PMI figures from key economies
Financial Market Overview – May 22nd Here’s what’s happening on Thursday, May 22nd: Activity in the financial markets is relatively subdued this morning. Investors are eyeing the upcoming Purchasing Managers’ Index (PMI) data from Germany, the Eurozone, the UK, and the US. Additionally, today’s US economic calendar includes weekly unemployment claims and existing home sales […]
Trump tariffs will throttle US, global economies: IMF
The century-high tariff levels imposed by President Trump are expected to bite against global economic growth this year, International Monetary Fund economists said Tuesday. The IMF has reduced its forecast for global gross domestic product (GDP) growth for 2025 from its January forecast of 3.3%. The US growth forecast marked growth of 1.8% from 2.7%, […]
Lutnick: Canada becoming US state 'best way' to merge economies
Commerce Secretary Howard Luttonick said Wednesday that Canada's becoming a US state was the “best way” to integrate the economies of both countries. “The best way to really blend Canada and the US economy, the president said, is for Canada to become our 51st state. If they want to merge it, that's how you make […]
The MAJOR difference between the Trump and Biden economies
The same leftists who pretended that there was no inflation under Biden for the past four years are screaming that there is inflation under Trump. As for the latter, they are not wrong. Glenbeck The “Glenn Beck Program” is well known to Democrats who parrot the inflation argument while realizing that the economy has been […]
Biden defends inflation policies, says ‘red states really screwed up’ their economies in final interview
President Biden defended his administration by claiming that inflation was falling and that “red states” were messing up their economies. Biden sat down with MSNBC host Lawrence O'Donnell for his final interview in office before officially leaving office on Monday. The two discussed a number of topics, including Biden's response to the economy and the […]