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Economy & Business

Our economy & business section delivers in-depth coverage of the latest economic trends, crypto news, market analysis, corporate news, and financial insights. We break down complex issues like inflation, interest rates, trade, and investment, providing you with the information you need to understand how the economy impacts your wallet and the future of businesses both big and small.

Trade Deficit Surges Again, Dragging on Global Markets

Trade Deficit Surges Again, Dragging on Global Markets

The U.S. trade deficit has surged again, growing by nearly 10% over the past year to a record $625 billion, marking the largest annual increase since 2008. This latest figure comes as global economic uncertainty and protectionist trade policies have exacerbated supply chain disruptions and inflationary pressures. Meanwhile, President

The Dollar's Descent Continues Amid Trump's Denial of Its Decline

The Dollar's Descent Continues Amid Trump's Denial of Its Decline

The U.S. dollar, once considered a reliable haven currency, has taken another hit, falling 1.3% on Tuesday, marking its biggest drop since last April. This development comes amid ongoing trade disputes and U.S. threats to impose tariffs on China. During a visit to Iowa to promote his

Trump Admin Pushes $1K Investments for Kids—but Are They Worth It?

Trump Admin Pushes $1K Investments for Kids—but Are They Worth It?

The U.S. Treasury Secretary, Scott Bessent, has unveiled a new initiative aimed at helping future generations build long-term financial security through what’s called “Trump Accounts.” This pilot program, set to begin in early 2025, will offer $1,000 in tax-advantaged accounts for each child born between January 1,

U.S. Trade Deficit Hits Historic High in November

U.S. Trade Deficit Hits Historic High in November

The U.S. trade deficit with its global partners has reached an unprecedented high in November, marking a significant increase from previous months. This surge follows a month where the deficit fell to its lowest point since early 2009, raising concerns about economic imbalances and trade tensions. In November, the

Greece Sees Historic Drop in Unemployment Rate

Greece Sees Historic Drop in Unemployment Rate

In a recent update from the National Statistical Authority (ELSTAT), Greece has achieved one of its most significant economic milestones in years: a historic drop in unemployment. The December data reveals that the unemployment rate for the country has hit 7.5%, marking the lowest figure in 22 years. This

Melania Trump’s $28 Million Amazon Deal: A Look at the First Lady’s Financial Strategy

Melania Trump’s $28 Million Amazon Deal: A Look at the First Lady’s Financial Strategy

In a recent development, Melania Trump has reportedly pocketed at least $28 million from her agreement with Amazon to license a documentary about her life. This deal, valued at $40 million, marks a significant financial endorsement for the first lady as she continues to leverage her status and influence in

Vitol and Trafigura’s Shady Deal with Trump Administration Reveals Concerns Over Profitability and Transparency

Vitol and Trafigura’s Shady Deal with Trump Administration Reveals Concerns Over Profitability and Transparency

In a highly concerning development, reports have emerged linking oil trading companies Vitol and Trafigura to potential profits from the Trump Administration’s sale of Venezuelan oil. This revelation raises serious questions about the ethics and legality of such deals, particularly in the context of ongoing diplomatic tensions with Venezuela.