In an all-too-familiar twist, President Donald Trump has announced the reinstatement of tariffs on major U.S. trading partners, starting 1st August. This move could very well spell economic distress. In a particularly audacious turn, Trump has added Canada to his list of tariff targets. On Thursday evening, he shared a peculiar letter on Truth Social, […]
Certainly, here’s a revised version: LEGACY MOTOR CLUB has splendidly announced an extension of its contract with Dollar Tree, ensuring the brand’s sponsorship continues on the No. 42 Toyota Camry XSE, driven by John Hunter Nemechek, and the No. 43 Toyota Camry XSE, with Erik Jones at the helm, through to 2028. The partnership with […]
Ah, the rise of online sports betting in sunny California is quite the phenomenon, isn’t it? It’s significantly altering the state’s economic landscape. With substantial opportunities for revenue from taxes and burgeoning businesses, one might say it’s a brave new world. Understanding such impacts is essential for both stakeholders and policymakers, indeed. Impact on local […]
The dollar index saw a rise to 97.7 on Tuesday. This marked a continuation of its recovery since it hit a three-year low of 96.8 on 2nd July. Markets are presently evaluating the ripple effects of the new tariffs President Trump has imposed, particularly on the flows of capital and the forecast for fiscal and […]
Over the weekend, major US trading partners found themselves in a bit of a scramble. They busied themselves finalising trade agreements or lobbying for additional time. All this because President Donald Trump announced he’d inform around a dozen countries of a new tariff level for their goods heading to the US come Monday. “I’ve signed […]
The global trading scene has taken quite a rattle, courtesy of the United States’ trade antics. While Scott Bessent, the US Treasury Secretary, anticipates a “flurry” of agreements by the July 9 deadline, time is indeed of the essence. Several of the US’s trading allies still find themselves miles away from sealing any agreements before […]
The naira, I must say, found itself in a bit of a pickle against the dollar towards the end of the week, weakening across both the official and parallel markets on a rather gloomy Friday. Over on the Central Bank of Nigeria, the data revealed a dip in the Nigerian currency to N1,528.56 per dollar, […]
As you tuck into your second, third, or perhaps even 70th hot dog today—unless your name is Joey Chestnut—you might unexpectedly find yourself engaged in a conversation about the economy. To prepare you for such an eventuality, here’s some data to mull over. Sherwood News The reality, despite numerous soft economic indicators like surveys and […]
Financial Turbulence in Trump’s Second Term Last updated on July 3rd 2025 As we progress through Donald Trump’s second term, the financial markets seem to be having a bit of a rocky ride. Initially, there was much excitement when he announced his high “reciprocal” tariffs, only for a wave of relief to follow when he […]
In an admirable effort, the Commission has set forth several initiatives to spur the EU’s journey towards a circular economy. This groundwork anticipates the upcoming Circular Economy Act, earmarked for 2026. A circular economy bolsters competitiveness and economic growth by advocating the reuse, recycling, and remanufacturing of materials. The Act will align with the EU’s […]
