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Kalshi's launch of prediction apps with Native American tribes is creating a deep division within Indian Country. While some tribes view these apps as a vital new revenue source for essential services and a path to economic self-determination, the majority fear they threaten the multi-billion dollar casino industry that serves as their primary economic lifeline, leading to legal battles and heated debate.
Federal Reserve Chair Kevin Warsh defied White House pressure by raising interest rates to combat stubborn inflation, contrasting sharply with President Trump's erratic economic demands and the administration's chaotic policies. While markets found temporary calm, the long-term stability of the US economy remains uncertain amidst ongoing political interference and conflicting strategies.
Despite UK inflation hitting a five-month high of 3.1% largely due to rising fuel prices from the Iran war, the Bank of England is expected to keep interest rates at 3.75%, awaiting clearer signs of embedded wage and price increases.
A government report indicated an unexpected cooling of inflation in November, with the CPI rising 2.7%. However, economists are highly skeptical, citing data distortions and delays caused by a federal shutdown. Most Americans continue to face high costs, while President Trump's tariffs are noted for contributing to persistent price pressures.
The impact of Trump-era tariffs on the US wine industry, highlighting the reliance on imported goods and the challenges faced by small producers.
A shocking new jobs report reveals a sharp slowdown in hiring, leaving economists fearing the worst for the US economy under President Trump's trade policies.
Unexpected de-escalation in US-China trade tensions sends US stocks surging, potentially averting a recession. Tariffs slashed, and a mechanism to prevent future escalation is in place.
Global markets plunged into chaos as Trump's new tariffs sparked a sell-off, sending Wall Street into a rollercoaster ride and prompting warnings of a recession.
President Trump's sweeping new tariffs on imports have sent global markets into a tailspin, sparking fears of a global trade war and US recession.
The US stock market plummeted after Trump announced sweeping tariffs, sparking fears of a global economic slowdown. Economists warn of devastating consequences, but Trump remains defiant.
