HANOI, Vietnam (AP) — Beneath red banners and a gold bust of revolutionary leader Ho Chi Minh in Hanoi’s central party school, Communist Party chief To Lam declared the arrival of “a new era of development” late last year. The speech was more than symbolic— it signaled the launch of what could be Vietnam’s most ambitious economic overhaul in decades. …
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Key inflation gauge rises as Trump trade war weighs on economy – Axios
Key inflation gauge rises as Trump trade war weighs on economy Axios Inflation holds steady, but Trump’s tariffs are boosting some prices CNN CNBC Daily Open: The U.S. inflation jump scare is not here — at least not yet CNBC US consumer prices increase moderately; worries about data quality rise Reuters Consumer prices rose 2.7% in July. See how your grocery item prices have …
Read More »US prices continued rise in July as Trump tariffs impact consumer costs | US economy
US prices continued to rise in July, according to key economic data released on Tuesday, as Donald Trump’s international tariffs shakeup started to impact consumer costs. Prices were 2.7% higher last month compared with a year ago, according to the consumer price index (CPI), which measures the prices of a basket of goods and services. Though inflation dipped down in …
Read More »“Gen Z Dumps Smartphones for Flip Phones”: Retrotech Rebellion Targets Attention Economy, Privacy Fears, and Endless Notification Fatigue
IN A NUTSHELL 📱 Gen Z is trading smartphones for dumbphones to regain focus and privacy. 🌀 The rise of retrotech reflects a backlash against the overwhelming attention economy. 🔍 Analog devices and digital minimalism offer an escape from notification fatigue and constant connectivity. 🔗 Despite the trend, modern conveniences make a complete switch to simpler devices challenging. In recent …
Read More »Trump tariffs a ‘slow burn’ for Wall Street, likely to hit US economy hard
The reciprocal tariffs imposed by US President Donald Trump are a “slow burn” for Wall Street, as they rarely trigger an immediate crisis – but over time, they warp markets, squeeze consumers, and invite retaliation, according to a new report. Investors and policymakers alike would do well to remember that just because the storm isn’t here yet doesn’t mean it …
Read More »‘Something weird’s going on’ in the economy as 6 new economic classes take shape, says New York Times bestselling author
Nick Maggiulli is juggling more than spreadsheets these days. He’s chief operating officer at Ritholtz Wealth Management, but he’s also a blogger, and now a two-time author thanks to his latest book, “The Wealth Ladder,” which quickly shot to New York Times bestseller status. Through his many efforts, Maggiulli has found himself at the forefront of a conversation increasingly relevant …
Read More »Stablecoin issuers like Circle and Tether are gobbling up more Treasuries than most countries. Here’s how that could reshape the U.S. economy
Stablecoins are the shiny new object on Wall Street. Once restricted to the niche world of crypto trading, stablecoins entered the mainstream of U.S. finance as Congress debated—and ultimately passed in July—a bill to legitimize them and expand their use. That has spurred a hype cycle as banks and Fortune 500 companies rush to explore the technology. Stablecoins, which are …
Read More »What Vegas’ tourism decline suggests about the U.S. economy : NPR
People take pictures with the Welcome To Fabulous Las Vegas sign under hazy orange skies as the sun sets on July 29, 2023. Patrick T. Fallon/AFP via Getty Images hide caption toggle caption Patrick T. Fallon/AFP via Getty Images After years of booming tourism in Las Vegas, the hot streak looks to be cooling off — and it may be …
Read More »Trump’s Oval Office ‘session’ on the economy? Charts about Biden. – The Washington Post
Trump’s Oval Office ‘session’ on the economy? Charts about Biden. The Washington Post Still Fuming Over a Weak Jobs Report, Trump Finds Some Numbers He Likes The New York Times Trump defends the US economy with charts after job reports showed warning signs AP News Trump Just Did What Not Even Nixon Dared The Atlantic ‘You’re Asking Me to Contemplate the Nuclear Scenario’ Politico Source …
Read More »Trump calls on CEO of tech firm Intel to resign over China investments | Business and Economy News
United States President Donald Trump has fired off a social media message calling on the head of the US technology firm Intel to resign from his post as chief executive officer. Trump’s decision to denounce Intel CEO Lip-Bu Tan on Thursday morning sent the company’s stocks tumbling, amid the uncertainty about the future of its leadership. “The CEO of INTEL …
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