For more than 20 years, young people have been hearing tech moguls preach the gospel of technology. Get a degree in computer science, students were told, and you will have a ticket to a six-figure salary, five-figure signing bonuses, and guaranteed job security.
Energized by the friendly policies and personal enthusiasm of Donald Trump, crypto-related businesses are “lining up to go public,” Reuters reported, with the global value of cryptocurrencies remaining above $4 trillion.
The U.S. stock market’s seemingly unstoppable rise has persuaded more American workers to put more of their 401(k) retirement money into equities.
U.S. President Donald Trump’s little boys, Don Jr. and Eric, are moving fast to cash in on their father’s influence in cryptos and have been trying to come up with a few acquisitions in Asia so they can create a BTC reserve like Michael Saylor’s Strategy.
As the current earnings season ends, companies listed in the Standard & Poor’s 500 index are “handily beating expectations” after the tariff war, a weakened job market, and tighter consumer spending had lowered forecasts, The Wall Street Journal reported.
Last week, the national average interest rate on a fixed-rate, 30-year mortgage fell to 6.58 percent, according to the Federal Home Loan Mortgage Corporation (Freddie Mac), down from 6.63 percent the week before, reaching its lowest since October 2024.
U.S. wholesale prices jumped 0.9 percent in July, their biggest monthly increase since June 2022. Producers’ margins increased, indicating that a significant number of them are passing tariff costs through to their customers, Bloomberg noted.
The dollar value of U.S. retail sales increased by 0.5 percent in July, more than inflation rose, on stronger sales of passenger vehicles and heavy promotions by Amazon and Walmart.
Consumers are no longer fearing a short-term economic catastrophe from Donald Trump’s tariff war, but they do expect higher prices and fewer jobs, according to this month’s survey of consumer sentiment by the University of Michigan.
In July, consumer prices rose 0.2 percent from June, as economists forecasted, and grew by 2.7 percent year on year.