In recent months, a sharp critique of President Donald Trump’s approach to tariffs has emerged, encapsulated in the satirical term “TACO trade,” which stands for “Trump Always Chickens Out.” This term, coined by a Financial Times columnist, succinctly captures a disturbing pattern in Trump’s economic strategy: bold, aggressive threats that initially panic markets, only to
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The Federal Reserve’s recent deliberations reveal an institution grappling with a tempest of challenges, particularly the potential impact of tariffs on inflation. Amidst mounting uncertainties, policymakers find themselves in a precarious situation where every decision could reverberate throughout the economy. The minutes from the Federal Open Market Committee’s May meeting demonstrate this precariousness, indicating that
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The staggering concentration of wealth in the United States has reached a disheartening milestone, with over a third of the world’s millionaires residing within its borders. As reported by Henley & Partners and New World Wealth, the number of liquid millionaires in the U.S. has surged by a whopping 78% in just a decade, tallying
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Recent findings from a research team at the Max Planck Institute in Germany have reignited the glimmering embers of hope within the scientific community regarding anti-aging therapies. By administering a cocktail of two existing cancer treatments—rapamycin and trametinib—to mice, they discovered a staggering extension of lifespan by approximately 30%. This groundbreaking revelation doesn’t simply rest
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In just under a year, ASML, a titan in the semiconductor industry, has seen its market capitalization plummet by over $130 billion, a staggering decline that reflects the volatile landscape of global trade and technology. Once soaring to unprecedented heights—boasting a market cap around $429.5 billion in July 2022 when shares hit the psychological barrier
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In a startling manifestation of political maneuvering, President Donald Trump has made a bold move against California’s policies toward transgender athletes. By declaring the potential withdrawal of “large scale federal funding” if the state continues to defy his executive order banning transgender individuals from participating in women’s sports, Trump is not only playing a high-stakes
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