Fitch’s downgrading of the U.S. credit rating reflects the real deterioration of America’s fiscal standing as well as its ability to safeguard it.
U.S. Economy
The UAW wants Ford, GM, and Stellantis to pay union-level wages and benefits at all joint-venture-operated EV battery plants in the U.S.
Converting an office building to a multi-family residential occupancy is possible. It would, however, not be cheap.
Consumer interest in EVs is rising. But concerns about affordability and charging remain barriers to more Americans going electric.
U.S.-China technological decoupling raises serious concerns about global growth in the short and long term.
The U.S. dollar will dominate as long as private organizations engaged in international trade find it the most convenient currency to use.
Washington has the most expensive gas in the U.S., followed by California and Hawaii. The cheapest gas prices are in Gulf Coast states like Mississippi and Texas.
Binance is not only up against two powerful U.S. financial regulators, the CTFC and the SEC, but it could also face heat from Congress.
Putting Medicare and Social Security on a steadier footing will require increasing taxes, reducing benefits, or both.
The latest rate hike will cause more harm in the banking sector than the Fed anticipates, making a recession more likely.