Trump tariffs to cost American households $1K each
August 21, 2019
The average American household will spend $1,000 more annually from President Donald trump’s tariffs on imports from China and other nations, according to research from JPMorgan Chase. The increase is likely to dampen consumer sentiment and spending. Consumer purchases represent about 70 percent of U.S. economic activity.
Recent News
Tesla Lays Off Over 10% of Workforce
Tesla announced significant layoffs on Sunday night, affecting over 10% of its global workforce. Some employees discovered they were laid off when their badges failed to grant them access to company facilities.
Rising Inflation Concerns Rattle Markets and Policymakers
Inflation is on the rise, catching many by surprise as prices climb stubbornly higher. Markets, investors, and economists alike are grappling with the unexpected inflation pressures that have marked the start of 2024.
Mercedes-Benz Unveils Upgraded 2025 EQS Electric Sedan
Mercedes-Benz has announced significant upgrades to its EQS electric sedan for the 2025 model year.
Momofuko Will No Longer Enforce Chile Crunch Trademark After Small Business Blowback
The restauranteur has backed down from enforcing his Chile Crunch trademark.