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News & Articles By Cassie B.
02/12/2025
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By Cassie B.
Trump’s reciprocal tariffs aim to level trade playing field for U.S. workers
President Trump plans to impose reciprocal tariffs on countries charging duties on U.S. imports, aiming to protect American industries and workers. The strategy seeks to level the playing field by matching foreign tariff rates, incentivizing trading partners to lower their tariffs. Critics warn of potential inflation and trade wars, but supporters argue it could boost […]
02/10/2025
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By Cassie B.
Trump announces 25% tariffs on steel and aluminum to protect U.S. industries
President Trump announces 25% tariffs on steel and aluminum imports to protect U.S. industries. Tariffs are part of Trump’s broader strategy for fair trade, with reciprocal tariffs planned to address imbalances. U.S. steel and aluminum stocks surge, with predictions of increased domestic manufacturing and job creation. Trump cites national security concerns, arguing that domestic production […]
02/02/2025
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By Cassie B.
London gold market faces shortage and prices soar as Trump tariff fears spark U.S. stockpiling
A surge in gold deliveries to the U.S., driven by fears of potential tariffs under Trump, has caused a shortage in London, the world’s largest gold trading hub. Gold prices hit a record high of $2,800.99 per ounce, fueled by safe-haven demand amid fears of economic disruptions from tariffs. Logistical challenges in moving gold globally, […]
01/31/2025
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By Cassie B.
Bank of England struggles to meet gold demand as $82B stockpile shifts to New York
Traders are moving billions in gold from the Bank of England to New York, fearing potential tariffs under the Trump administration. Delivery times from the BoE have surged to 4-8 weeks, causing a gold shortage in London. Gold futures prices in New York are trading at a premium, incentivizing shipments and driving COMEX inventories to […]
01/30/2025
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By Cassie B.
Why many Californians may never rebuild after wildfires: Experts point to insurance, costs, and bureaucracy
Historic wildfires in Los Angeles have destroyed 16,000 structures, claimed 28 lives, and left communities like Pacific Palisades and Malibu in ruins. Many homeowners face financial crises due to inadequate insurance coverage and skyrocketing rebuilding costs, estimated at $1,000 per square foot. California’s slow permitting process and labor shortages further complicate rebuilding efforts, with coastal […]
01/29/2025
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By Cassie B.
Chinese AI startup DeepSeek faces cyberattack amid U.S. tech stock turmoil
DeepSeek, a Chinese AI startup, gained global attention for its ChatGPT-rivaling AI assistant and a crippling cyberattack that forced it to limit new user registrations. The cyberattack caused outages, prompting DeepSeek to prioritize existing users while its app topped the U.S. App Store. DeepSeek achieved cutting-edge AI results at a fraction of the cost of […]
01/28/2025
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By Cassie B.
DeepSeek’s AI model ignites market panic, Nvidia suffers record loss
Chinese AI startup DeepSeek’s free chatbot surpasses ChatGPT in Apple’s app store, triggering a major U.S. tech stock sell-off. Nvidia experiences a record one-day market-cap loss of nearly $593 billion, leading the tech-heavy Nasdaq Composite Index to fall 3.1%. DeepSeek’s R1 model, cheaper and more efficient than rivals, sparks debate about the sustainability of AI […]
01/03/2025
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By Cassie B.
Cocoa’s sweet victory: Beating Bitcoin to the top in 2024
Cocoa has outperformed Bitcoin in 2024 to become the best-performing commodity. Weather disruptions and soil degradation in West Africa are driving up cocoa prices. Global cocoa supply deficits have risen to their highest levels in 60 years. Experts predict cocoa prices will remain high in 2025 due to ongoing supply issues. Major chocolate brands are […]
12/05/2024
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By Cassie B.
U.S. pension systems are on the verge of debt collapse
Pension systems throughout the U.S. are falling deeper into what experts term “pension debt paralysis,” even in the face of record-setting contributions from state and local governments. The city of Milwaukee was recently given a grade of D by Truth in Accounting for its financial position due to its pension system’s huge net liability of […]
11/21/2024
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By Cassie B.
Target posts huge earnings miss ahead of holiday season as consumers struggle with high prices
Big box retailer Target saw its shares drop 20% to reach a 52-week low after cutting its forecast and posting its most dramatic earnings miss in two years ahead of the holiday season. The bad news comes despite the store reducing prices on thousands of goods and competitor Walmart beating expectations. Target announced on Wednesday […]
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