Economy

“Canada resumes imports from biggest US pork plant run by Smithfield Foods”

“…Canada has resumed imports from the biggest U.S. pork-processing plant, a Smithfield Foods facility in Tar Heel, North Carolina, after suspending shipments for about a week, the company said on Friday. The halt temporarily limited a market for American pork… Continue Reading…

Stocks

“U.S. stock market loses $5 trillion in value in three weeks”

“The S&P 500′s rapid 10% decline from a record high into correction territory has wiped out trillions of dollars in market value. The market value of the S&P 500 at its Feb. 19 peak was $52.06 trillion, according to FactSet. Thursday’s… Continue Reading…

Economy

“U.S. budget deficit surged in February, passing $1 trillion for year-to-date record”

“…Government spending eased slightly on a monthly basis though it still far outpaced revenue, according to a Treasury Department statement Wednesday. The deficit totaled just over $307 billion for the month, nearly 2½ times what it was in January and… Continue Reading…

Personal Finance

“Is your money gone before it arrives? The sad reality of American paychecks”

“…A survey of 2,000 employed Americans making less than $75,000 annually shows what happens to the modern paycheck—where it goes, how fast it disappears, and how many people need to plan carefully just to make it through each month. The… Continue Reading…

Economy

“…How the rich and famous are fleeing the US in horror at President Trump…”

“America’s rich and famous are leading the charge out of the US and flocking to exclusive pockets of Britain in record numbers in a desperate bid to escape life under Donald Trump. The increasingly ‘volatile’ political landscape across the pond, most… Continue Reading…

Economy

“Ukraine Must Cede Territory in Any Peace Deal, Rubio Says”

“…Secretary of State Marco Rubio said on Monday that Ukraine would have to make concessions over land that Russia had taken since 2014 as part of any agreement to end the war… The Trump administration halted military aid to Ukraine…… Continue Reading…

Economy

“…China to impose extra tariffs of 10%-15% on various US farm products”

“China on Tuesday swiftly retaliated against fresh U.S. tariffs, announcing 10%-15% hikes to import levies covering a range of American agricultural and food products, and placing 25 U.S. firms under export and investment restrictions…” https://finance.yahoo.com/news/china-impose-extra-tariffs-10-051302666.html Is the word “reciprocal” a… Continue Reading…

Economy, Real Estate

“Trump’s Gold Card Visa Program Is Causing Panic In Real Estate Circles. Here’s Why”

“…Dubbed the “gold card,” Trump’s plan to sell green cards is intended to replace the EB-5 investor visa, which the real estate industry has favored as a way to provide funding for major projects, the New York Times reports. Major developments such as Manhattan’s… Continue Reading…

Economy

“Recession risks rise for all three North American economies over US tariff chaos”

“Risks to the Mexican, Canadian and American economies are piling up amid a chaotic implementation of U.S. tariffs that has created deep uncertainties for businesses and decision-makers, according to Reuters polls of economists taken this week… “Given this is so… Continue Reading…

Economy

“Trump puts new limits on Elon Musk’s authority amid backlash to DOGE cuts”

“President Donald Trump said he told his Cabinet secretaries during a meeting Thursday that staffing decisions will be left up to them, not Elon Musk and his Department of Government Efficiency… “If they can cut, it’s better. If they don’t cut, then Elon… Continue Reading…