economy and economic indicators

TL/DR - Former Indiana Governor Mitch Daniels warns that America is on the brink of an economic and societal crisis. He uses the metaphor of a car going over a canyon to illustrate the current situation, suggesting that the country is…

TL/DR - The new U.S. House Speaker, Johnson, is facing a significant budget test. The details of the challenge and how Johnson is planning to address it are not provided. The source of the news is CNN. U.S. House Speaker Johnson…

President Joe Biden faced a challenging week filled with a series of setbacks and controversies. He is under an impeachment inquiry, his son was indicted, inflation rates are rising, the United Auto Workers went on strike despite Biden's…

## Historic Auto Workers' Strike: The Impact on the US Economy New York, CNN - The historic strike by the United Auto Workers (UAW) is officially underway. While it is already causing some damage to the US economy, experts suggest it is…

US Oil Prices Surge Above $90 a Barrel, Threatening Inflation and Gasoline Prices New York (CNN) - US oil prices have climbed above $90 a barrel for the first time in 10 months, posing a threat to the economy by potentially driving up…

Biden's Shifting Base of Support: Less Reliance on Blue-Collar Voters, More on Affluent Voters Throughout his political career, President Joe Biden has positioned himself as a champion of the middle class. However, a combination of…

Speaker Kevin McCarthy faces a challenging week in Washington as he grapples with the possibility of a government shutdown and mounting pressure from the right to impeach President Joe Biden. With several deadlines approaching at the end…

# US Lawmakers Call for Export Ban on China’s Largest Chipmaker SMIC Shares in SMIC, China’s largest contract chipmaker, experienced a sharp drop on Thursday, following a call from two US congressmen for the White House to further…

Country Garden, the embattled Chinese real estate firm, has made late interest payments on two US dollar bonds, avoiding an imminent debt default. According to multiple state media reports, the company made the payments shortly before the…

Headline: China's Decision Not to Cut Crucial Interest Rate Shocks Investors, Puts Real Estate Sector Recovery in Jeopardy Subheading: The People's Bank of China Holds Five-Year Loan Prime Rate Steady, Trims One-Year Rate In an…