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In 2024, 137,300 Canadian households declared insolvency, similar to bankruptcy, 11.4 percent more than the year before and the most since the record year of 2009 during the Great Recession, data from the country’s Office of the Superintendent of Bankruptcy (OSB) shows.
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
The federal government laid off 200,000 probationary employees and fixed-term contract employees throughout various federal agencies as President Donald Trump works to reduce government waste.
Berkshire Hathaway, Warren Buffet’s investment vehicle, sold 40.6 million shares of financial services firm Citi in the final quarter of 2024, newly published securities filings show.
Now that Donald Trump has laid a 10-percent tariff on everything coming into the U.S. from China—and could raise the import tax higher if he wishes—everything from smartphones and microwave ovens to shoes and cosmetics could cost U.S. consumers more.
During his presidential campaign and after taking office, Donald Trump said interest rates must come down “immediately.”
After an upbeat earnings season, corporations foresee a less sunny future.
Apartment rents, which fell during the post-COVID apartment building boom, are poised to rise again.
Americans now have a record $1.21-trillion balance on their credit cards, according to the new quarterly report from the Federal Reserve Bank of New York.
A rise in energy and food prices accelerated U.S. inflation unexpectedly last month, up 0.5 percent from December and pushing the rate to 3.0 percent, compared to 2.9 percent the month before, the Bureau of Labor Statistics reported.
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Judge Andrew Napolitano, Scott Ritter, Max Blumenthal, Anya Parampil and Gerald Celente
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