The auto workers’ strike is the latest in a series of labor-management conflicts that economists believe could have significant growth impacts if they continue. This strike by the United Auto Workers has so far affected only a small portion of the workforce and has limited implications for the broader economy. However, it is part of …
The United Auto Workers (UAW) union, one of the largest in the US, is planning a series of strikes against three of the largest US automakers on Friday (Sept. 15) if the two sides are unable to reach a deal. What inspired Elon Musk’s design for Tesla’s Cybertruck? The proposed strike at General Motors (GM), …
Recent polls indicate that Americans are becoming more optimistic about the US economy, as reported by the Wall Street Journal. This positive sentiment extends to Treasury Secretary Janet Yellen, who expressed confidence in the nation’s ability to prevent a recession while keeping inflation under control in an interview with Bloomberg. Yellen stated, “I think …
For host country India, the G20 summit this weekend (Sept. 9-10) presents a tremendous opportunity to spearhead long-term, structural changes worldwide and gain favor at home and abroad. How long can consumer spending continue to support stocks? India has the privilege of choosing the summit’s theme: “Vasudhaiva Kutumbakam” or “One Earth · One Family · …
What on Earth is a Margin Call? Understanding Margin Trading In the world of investing, one strategy that many people use is margin trading. This allows investors to use borrowed money to invest in securities, such as stocks. Hedge funds, crypto traders, and retail traders often engage in margin trading. The concept is simple: if …
In a significant visit to Beijing and Shanghai, U.S. Commerce Secretary, Gina Raimondo, met with Chinese officials, emphasizing the establishment of open lines of communication between the two nations. This visit marks the first time in five years that a U.S. Commerce secretary has traveled to China, amidst escalating tensions in the bilateral relationship. Raimondo …
Relations between Washington and Beijing have reached an unprecedented low, with disputes ranging from trade and technology to human rights and territorial claims. Xie Feng, China’s ambassador to the U.S., recently addressed the drop in trade between the two countries, attributing it to U.S. tariffs and export controls. In a speech at the Forbes U.S.-China …
1/2 U.S. Secretary of Commerce Gina Raimondo is visiting China and is set to arrive in Beijing Sunday just as a long-standing bilateral technology between the two countries is set to expire. File Photo by Jemal Countess/UPI | License Photo Aug. 26 (UPI) — U.S. Secretary of Commerce Gina Raimondo is visiting China this weekend, …
WASHINGTON — A prominent House Republican voice on the national security threat posed by China has criticized the White House’s plan to restrict outbound investment in Chinese military and defense companies, saying it fails to address the core issue. Representative Mike Gallagher, the chairman of the House Select Committee on the Chinese Communist Party, stated …
In a move aimed at regulating new U.S. investments and expertise that supports Chinese development of sensitive technologies, President Joe Biden signed an executive order on Wednesday. This measure, expected to be implemented next year, targets investment in semiconductors and microelectronics, quantum computing, and certain artificial intelligence capabilities. Biden warned that certain American investments may …