Business + Money

The combination of the Lions’ playoff success, the hard work of small businesses, and even Taylor Swift fever have been the ingredients for success, raising Detroit’s economic value substantially in the last few months. Economic Implications of Lions’ Playoff Success The Detroit Lions’ recent playoff success and Taylor Swift fever are not only writing new … Read more

Major multinational corporation Bank of America has sent out warnings to employees who are still working from home after calls for mandatory office hours have been ignored by some. Bank Of America Put Their Foot Down During the height of the Covid-19 pandemic, millions of office workers around the world became accustomed to the convenience … Read more

Vermont is introducing a historic bill that would see a rise in tax payments from its wealthier residents in an attempt to fund issues brought on by the wide financial inequality in the state. Vermont’s Progressive Stance on Wealth Tax Vermont has introduced two bills aiming to impose wealth taxes on its wealthiest residents in … Read more

The controversial deal that could see a historical takeover of US Steel by Japanese-owned Nippon Steel has received even more backlash as it looks more likely that the deal would go ahead due to the risk to national security. Multinational Concerns Amidst Political Backlash Large multinational companies have expressed concern over the politicization of the … Read more

Although American companies wouldn’t usually be so keen to invest in China, there’s a surprising beacon of hope for Beijing as American fast-food chains set their sights on a market of 1.4 billion people. Fast Food Frenzy In the wake of a poor 2023 for the Chinese economy, major American fast-food chains, including KFC, McDonald’s, … Read more

In the last month of 2023, prices unexpectedly went up in the U.S., showing how tricky it is for our economy to recover smoothly. An expert warned that because things are unpredictable, investors need to be more careful with their expectations. A Reminder of Uncertainty The CPI’s 0.3 percent increase in December, reported by the … Read more

Elon Musk’s transformative “everything app,” X (formerly Twitter), has recently revealed a dedicated account, fueling speculation within the crypto community regarding the potential integration of cryptocurrency payments. Potential Beyond Traditional Fiat Currencies This move comes ahead of the anticipated introduction of in-app payment services by mid-2024, raising questions about the scope of these payments beyond … Read more

Trump looks to be storming through the Republican GOP and is by far the favorite to take on Biden in the Presidential race. But what could Trump’s revenge promises and unpredictable personality to do the economy of the U.S.? Here’s what we know. A Return of Trump Looms Donald Trump secured a significant victory in … Read more

Wall Street witnessed a historic moment as the S&P 500 soared to its first record high close in two years, driven largely by optimism in artificial intelligence and technology sectors.  Record-Breaking S&P 500 Close The S&P 500cc, a key benchmark for U.S. stock markets, marked a notable achievement with its highest close since January 2022. … Read more

The U.S. Treasury Department released its final budget results for Fiscal Year 2023, showcasing a deficit over $1.7 trillion, $320 billion higher than the previous year, this is despite claims of a “strong economic recovery.” Yellen and Young’s Optimistic Outlook Treasury Secretary Janet Yellen and OMB Director Shalanda Young attributed the deficit to “falling revenues” … Read more