Economy

Consumer Inflation Remains Mild as Tariff Pressures Loom on the Horizon

SMGN Publishing June 11, 2025

Overall prices show minimal movement in MayThe pace of inflation in the U.S. stayed mostly unchanged last month, as recently imposed tariffs have yet to significantly impact retail costs. In May, consumer prices were 2.4% higher than a year earlier, showing only a modest rise from April’s annual rate. Between

Wall Street CEOs Express Growing Concern Over U.S. Global Position

SMGN Publishing June 10, 2025

Key Executives Voice Alarm Over Economic Direction A growing number of Wall Street executives are voicing concern about the economic impact of ongoing tariff strategies and increasing fiscal uncertainty. Many are expressing a range of emotions, shifting from initial optimism to skepticism and even frustration, as the U.S. economic trajectory

US-China Trade Talks in London Aim to Ease Tech Tensions and Rare Earth Dispute

SMGN Publishing June 9, 2025

New Round of Trade Negotiations Begins in London High-level trade discussions between the United States and China have resumed in central London, with a focus on resolving key economic disputes. US Commerce Secretary Howard Lutnick and Chinese Vice Premier He Lifeng are leading the talks at Lancaster House, aiming to

Trump and Musk Stay Linked by Power, Even Amid Fallout

SMGN Publishing June 6, 2025

Observers long suspected that Donald Trump and Elon Musk might eventually clash, but few foresaw how swiftly their dispute would erupt online. After Musk gave strong public support to Trump following an assassination attempt in Pennsylvania nearly a year ago, their political and financial paths became increasingly aligned. Now, their

Economists Question U.S. Inflation Data Amid Staffing Shortages

SMGN Publishing June 5, 2025

Reduced Federal Workforce Disrupts Inflation Tracking Concerns are growing among economists over the accuracy of U.S. inflation data as the federal government grapples with widespread staffing shortages. The Labor Department has announced nationwide cutbacks in the price-checking process used to calculate the Consumer Price Index (CPI), a key measure of

Trump Tariffs Could Reduce U.S. Deficit by $2.8 Trillion

SMGN Publishing June 4, 2025

Projections indicate that the Trump tariffs deficit strategy could lead to a significant drop in the U.S. federal deficit over the next decade. If current tariffs are made permanent, government forecasters estimate a possible $2.8 trillion reduction by 2035, offsetting the fiscal consequences of recently approved federal spending plans. Since

Dollar General Forecasts Stronger Sales Growth Despite Economic Pressures

SMGN Publishing June 3, 2025

Dollar General, the largest U.S. dollar-store chain, is bucking the retail trend. While many retailers scale back expectations amid tariffs and tightening consumer spending, Dollar General is increasing its financial forecast, showing signs of strength in a volatile economy. From February through April, Dollar General reported a 2.4% increase in

Elon Musk’s Government Role Ends After 129 Days of Disruption

SMGN Publishing May 29, 2025

A Short but Impactful Tenure Elon Musk’s brief stint in the Trump administration has ended. His time at the helm of the Department of Government Efficiency (Doge) lasted just over four months. Despite its brevity, the period left a major mark on federal operations and global relations.This week, Musk posted

“Housing Market Stalls as Economic Doubts Weigh on Buyers and Builders”

SMGN Publishing May 28, 2025

Persistent economic uncertainty has dealt a dual blow to the housing sector: slower home sales and reduced construction activity. Last month marked the slowest April for existing home transactions in over a decade and a half, deflating hopes that spring would revive the market after two sluggish years. According to

Chinese exporters scramble during tariff truce as trade outlook remains uncertain

SMGN Publishing May 27, 2025

BEIJING — Just hours after the U.S. announced a temporary suspension of most tariffs on Chinese imports on May 12, Jiang Kun, a freight forwarder in southern China, described the situation in two words: “Taking off.” Only weeks earlier, certain Chinese products faced tariffs of up to 245% when entering

$1.7 Billion Powerball Jackpot Builds Momentum as Holiday Drawings Approach

Felipe Cardona December 24, 2025

The $1.7 billion Powerball jackpot has become a dominant topic across the United States as the holiday season intensifies interest in one of the most lucrative lottery runs ever recorded. No jackpot winner emerged from the latest drawing, so the prize has continued its upward climb. It is now positioned

Timothée Chalamet Leads a Frenetic Table Tennis Drama This Christmas

Sarah Olivella December 24, 2025

Timothée Chalamet returns to theaters during the Christmas season with a performance that pushes both physical endurance and emotional volatility, anchoring a fast-moving narrative centered on obsession, ambition, and spectacle. Set against the unlikely competitive world of professional table tennis, the film transforms an underrecognized sport into a dramatic battleground

U.S. Bars European Activists Over Alleged Online Censorship Pressure

Sarah Olivella December 24, 2025

The United States government has imposed entry restrictions on five European individuals accused of coordinating efforts to pressure American technology companies into censoring or suppressing U.S.-based political viewpoints. The decision reflects a broader shift in U.S. foreign policy toward confronting what officials describe as extraterritorial attempts to influence protected speech