The Trump administration’s culling of government programs and agencies has resulted in an unprecedented wave of federal workers joining the ranks of job seekers — and new data shows a spike in job applications from agencies impacted by the Department of Government Efficiency. Those job hunts are coming at a time when rising uncertainty around President Donald Trump’s economic agenda is clouding businesses’ decision-making and further slowing hiring — especially for specialized and white-collar roles. They’re entering a labor market that’s “a little bit frozen,” but stable for now, noted Allison Shrivastava, an economist at the Indeed Hiring Lab. That was underscored in…
Author: Olivia Martinez
Spinning bright red handkerchiefs and dancing in step to folk music, more than a dozen human-like robots took to China’s biggest stage in January, making a splashy debut at the annual Lunar New Year gala. The remarkable performance, watched by more than a billion people, is a high-profile reminder of how far Chinese humanoid robots have come. Over the past two months, videos of the country’s humanoid robots pulling off moves such as bike rides, roundhouse kicks and side flips have blown up the internet, often amplified by state media as a key potential driver of economic growth. Even though…
The US stock market has been the gold standard for decades. But investors around the globe are growing increasingly nervous about the fallout from President Donald Trump’s economic agenda. That has sent traders in search of stocks in Europe and Asia. Wall Street has seen the largest drop in allocation to US stocks on record since data collection began in 1999, according to a Bank of America survey. Meanwhile, the survey showed the largest increase in allocation to European stocks since 2021. That’s in part because investors think US exceptionalism may have peaked, analysts at Bank of America wrote. After the…
South Korea-based Hyundai and President Donald Trump announced a $20 billion investment in US on-shoring on Monday, which includes a $5 billion steel plant in Louisiana, at the White House Monday. The $5.8 billion Louisiana facility will be the car manufacturers’ first steel manufacturing facility in the US and will produce more than 2.7 million metric tons of steel a year and create more than 1,400 jobs. It will supply steel to auto plants in Alabama and Georgia, Trump said in remarks at the White House. The announcement this afternoon at the White House included Trump, Hyundai Chairman Euisun Chung…
For more than 150 years, American consumers and businesses have benefitted from the national banking system’s uniform regulatory framework, due in part to the National Banking Act (NBA) signed into law by President Lincoln. Thanks to the NBA, American consumers and businesses follow a centralized banking framework rather than a confusing patchwork of state laws that would inhibit interstate commerce. Unfortunately, the Arizona House is currently considering a bill [HB 2629] that could undermine the NBA — and the national banking system — while attempting to bypass federal regulation of interchange fees. If enacted, the bill would prohibit banks and…
The European Union responded to American steel and aluminum tariffs with its own tariffs on boats and bourbon — and pledges of more to come.