Economy

Markets rally as U.S. and China suspend harsh tariffs for 90-day trade truce

SMGN Publishing May 12, 2025

Markets surged Monday morning after the United States and China agreed to temporarily lift extreme tariffs that had recently paralyzed much of their cross-border trade. The Dow Jones Industrial Average shot up more than 1,000 points, or about 2.5%, shortly after trading began, while the S&P 500 advanced 2.6%. This

Chasing the Factory Dream: Can Industrial Jobs Truly Return to the U.S.?

SMGN Publishing May 9, 2025

“Factory jobs are going to come roaring back into our country,” President Trump declared last month as he introduced reciprocal tariffs. “We’re going to supercharge our industrial base.” But American manufacturing isn’t what it used to be. Since its 1979 peak of 19.6 million jobs, the industry has shed over

Apple challenges US judge’s contempt ruling over App Store conduct in high-stakes legal appeal

SMGN Publishing May 8, 2025

Apple challenges US judge’s contempt ruling over App Store conduct in high-stakes legal appeal – Apple has asked a US appeals court to halt a recent district court decision that could have significant consequences for the future operations of its highly profitable App Store platform. Last week, Judge Yvonne Gonzalez

Federal Reserve Maintains Rates Amid Economic Uncertainty Linked to Tariff Policies

SMGN Publishing May 7, 2025

The US Federal Reserve has opted to keep interest rates steady, citing significant economic uncertainty following recent tariff measures introduced by President Donald Trump. In its announcement on Wednesday, the central bank confirmed that interest rates would remain unchanged. This marks the third consecutive decision to maintain the current rate,

Trump Weighs 100% Tariffs on Foreign-Produced Films as Global Industry Responds

SMGN Publishing May 6, 2025

Trump Weighs 100% Tariffs on Foreign-Produced Films – Donald Trump has stated he intends to consult with Hollywood industry leaders following his earlier announcement that films produced outside the United States could face tariffs of up to 100%, prompting widespread reactions throughout the global film community. On Sunday, Trump said

Wall Street rebounds from tariff-induced losses as job data and trade hopes lift markets

SMGN Publishing May 5, 2025

U.S. stocks have recovered the losses sustained a month ago following the global tariffs announced by President Donald Trump, marking the longest stretch of consecutive gains in over twenty years for American equities. On Friday, Wall Street posted its ninth straight day of gains, a feat last achieved in 2004.

Tariff talks on the horizon? U.S. and China gauge the first move in prolonged trade standoff

SMGN Publishing May 2, 2025

On Friday morning, a representative of China’s Ministry of Commerce announced that Beijing is currently reviewing the possibility of entering into discussions with the United States regarding existing tariffs. This development was met with anticipation by international observers, as extremely high tariffs — in some cases reaching up to 245%

Trump strikes tariff relief deal with automakers to boost domestic production

SMGN Publishing April 30, 2025

Auto parts and components will be temporarily and partially exempt from the 25% tariff, as part of a plan aimed at offering “short-term” support to companies assembling vehicles in the U.S. On Tuesday (April 29, 2025), the White House announced an agreement with the U.S. auto industry to ease the

U.S. Administration plans adjustments to tariffs affecting auto sector

SMGN Publishing April 29, 2025

President Donald Trump is expected to implement measures aimed at reducing the effects of existing tariffs on American automotive manufacturers, according to a senior White House official. “This arrangement represents a positive development for domestic production,” said Commerce Secretary Howard Lutnick in a statement shared with Reuters, highlighting the benefits

Trump administration signals possible shift on tariff policies amid global concerns

SMGN Publishing April 28, 2025

There are growing indications that President Trump could be considering a retreat from his aggressive tariff stance. Over the last week, I have traveled across an evolving North America—from Arizona, through Washington D.C., and up to Saskatchewan, Canada—where I witnessed unmistakable signs of major transformations in the global economy. Uncertainty

$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