In the past two years, President Trump has enacted tariffs on $16 billion worth of Chinese and Canadian goods. Predictably, the Canadians countered with $12.6 billion in retaliatory duties against US exports. The Chinese followed. In addition, in his most sweeping action to date, the president slapped a 25 percent tariff on all foreign steel and a 10 percent tariff on aluminum … [Read more…]
Crude oil prices rose sharply Wednesday, driven up by a decline in the U.S. oil supply, and the expected effects of a new wave of sanctions on Iran. Iran is an influential member of the Organization of the Petroleum Exporting Countries (OPEC) and one of the worlds largest oil producers. Brent crude, a benchmark oil, crossed the $80 per barrel mark earlier Wednesday before … [Read more…]
On Sept. 7, 2018, Ivanka Trump tweeted that the “August unemployment rate in America has only been below 4% nine times since 1970. Four of these times have occurred this year.” According to the Bureau of Labor Statistics, April, May, July, and Aug. are the four months she referred to, May being the lowest at 3.8 percent. It had been a long 18 years since the U.S. … [Read more…]
The Boeing Company revised its estimate of the number of new aircraft it expects Chinese airlines to buy between now and 2038. According to Reuters, in the next 20 years, Chinese airlines will spend about $1.2 trillion on around 7,690 new planes. The current prediction is about 6 percent higher than the previous forecast of only 7,240 planes. “The growth in China can be … [Read more…]
Cryptocurrency investors awoke to reports on Monday that the unsteady market descended over the weekend, according to a report from Bloomberg's Quint. Ether, the second largest cryptocurrency on the market following Bitcoin fell hard during the weekend, and continued its downward trend on Monday, finishing the day around $196.78 according to Coin Desk. This slump marks the … [Read more…]
Hurricane Florence, a strengthening Category 4 hurricane in the Atlantic Ocean, is projected to make landfall somewhere along the U.S. east coast later in the week. The storm could become "one of the strongest strikes on this part of the East Coast on record," according to a report from The Weather Channel. By noon on Monday, the storm had maximum sustained winds of 130 mph … [Read more…]
Just about everyone alive at the time remembers where they were when they first heard about the terrorist attacks on September 11, 2001. I was 11 years old, sitting in my 6th-grade Social Studies class when someone said something vague about a plane hitting a building in New York City. As the day went on, we were dismissed from school early, and I went home and watched the … [Read more…]
Joe Rogan is no stranger to controversy. His show offers more than popular people with powerful personalities -- it provides a lengthy interaction that can stretch on for the better part of two hours -- which is often far longer than the polished facade maintained by most modern celebrities can last. Incorporate the use of alcohol or marijuana, which is legal for recreational … [Read more…]
The Japanese economy boasted its fastest growth rate in two years during the second quarter, according to a report from CNBC. This new push is aided significantly by the increase in capital expenditure, which comes earlier than previous forecasts. Between April-June, the Japanese economy grew 3.0 percent, surpassing the median predicted growth rate of 2.6 percent. Capital … [Read more…]
Brussels, Belgium—The European Union seeks to reach an agreement over cryptocurrency regulation. EU financial regulators and finance ministers have been monitoring and discussing the steady growth of crypto assets with some concern. Now, they are pushing toward an agreement on how to regulate the emerging market. “Currently there is a diversity of approaches, but at some … [Read more…]
A new report published from Jane’s by IHS Markit on Thursday predicts that the six countries that comprise the Gulf Cooperation Council (GCC) will spend a collective $100 billion on defense in 2019, a record high for the group. According to Al Jazeera, the rise in defense spending is coupled to a six percent increase in military costs. "The six percent growth that we've seen … [Read more…]
Negotiators from the U.S. and Canada are hoping to reach a deal on the ongoing North American Free Trade Agreement (NAFTA) talks currently underway this week in Washington. According to Reuters, while delegates from both countries worked to advance the talks further on Thursday, several crucial items remain to be settled. "We are making good progress,” said Canadian Foreign … [Read more…]
