Biden hiking tariffs on Chinese EVs, solar cells, steel, aluminum - adding to tensions with Beijing
The Biden administration plans to impose tariffs on various Chinese products, aiming to address national security and economic stability concerns without significant inflation impact. [ more ]
Pace of Real Estate Hiring Slows Across Southern California
Sluggish home sales and construction in Southern California due to higher interest rates have led to a significant slowdown in real estate hiring. [ more ]
Are U.S. Interest Rates High Enough to Beat Inflation? The Fed Isn't So Sure
Higher interest rates may take longer to curb inflation, suggesting fewer rate cuts. American spending remains unaffected despite sharp rate increases. [ more ]
ACL Fest shows $499M economic impact, with $8.1M donated to parks improvements - Austin Monitor
The 2023 Austin City Limits Music Festival had a $499.9 million economic impact, creating 3,766 full-time jobs, and donated $8.1 million to the Austin Parks Foundation.
AngelouEconomics conducted an economic impact study for the festival, with results showing significant contributions to the local economy and park improvements across Austin. [ more ]
Exclusive: NYC company executives go big on AI development
New York City is leading in adopting AI strategies to reinvent its economy, with executives foreseeing positive impacts but unsure of the most effective government incentives. [ more ]
Why responsible AI development relies on female leadership input
Business leaders in the UK understand the importance of female leadership in AI, but there is a discrepancy in actual representation in senior roles. [ more ]
San Francisco's Population Ticks Up, and So Does California's
After three years of decline, California saw its first year of population growth in 2023 by gaining 67,000 residents, with San Francisco also experiencing a modest increase. [ more ]
High Fed Rates Are Not Crushing Growth. Wealthier People Help Explain Why.
High interest rates have not significantly impacted Americans with assets like homes and stocks, leading to continued strong consumption and economic activity. [ more ]
How Would You Use $50K To Make A Difference In Your Small Business & Community?
Women-owned businesses play a crucial role in the economy and have significant entrepreneurial spirit, with the potential to make a positive impact in their communities. [ more ]
Hoping to stall a ban, TikTok says it generated $14.7B for US small businesses last year | TechCrunch
TikTok generated $14.7 billion for SMBs and $24.2 billion in total economic activity in the U.S. last year.
Over 7 million U.S. businesses rely on TikTok, supporting 224,000 jobs, with California, Texas, Florida, New York, and Illinois having the largest impacts. [ more ]
Bunge-Viterra consolidation could cost farmers more than $700 million per year: U of S report
Bunge's acquisition of Viterra could lead to substantial economic losses for farmers in terms of export basis, canola prices, and elevator competition. [ more ]
With Trans Mountain pipeline open for business, Alberta's oilsands city bracing for boom | CBC News
Fort McMurray's economy heavily relies on the oil industry, constantly fluctuating with oil prices and related projects like the Trans Mountain pipeline expansion. [ more ]
Music insiders see opportunity as Austinite takes over at Texas Music Office - Austin Monitor
The appointment of Chip Adams, a veteran in the music industry, as the next director of the Texas Music Office is optimistic for promoting the local music economy. [ more ]
The south London Wetherspoons we've lost so far this year
The closure of popular Wetherspoons pubs in South London highlights the impact of changing consumer preferences and economic factors on the hospitality industry. [ more ]
Cities like San Jose, Seattle, and San Francisco are key AI job hotspots, but other areas such as Austin and Washington, D.C., are also emerging as strong contenders. [ more ]
Russia: Putin picks Mishustin to stay on as prime minister DW 05/10/2024
Russian President Putin proposed reappointment of Prime Minister Mishustin, expected due to parliament's history of aligning with Putin's wishes. [ more ]
Presidents' influence over the economy is limited, but their regulatory agencies can have significant impacts, such as seen in recent noncompete ban and other regulations. [ more ]
Sunak's Job Seekers Allowance crackdown could bring 68.9m boost to British economy
The crackdown on improper Jobseeker's Allowance claims could lead to more people moving into full-time employment, providing a tax boost for the British economy. [ more ]
New York Plans $80M Overhaul of Red Hook Coastline
The Brooklyn Marine Terminal and surrounding Red Hook area are set for an $80 million overhaul to create a modern maritime port and mixed-use community hub. [ more ]
Brooks: Why are we gambling with America's future on national debt?
Interest payments on federal debt are skyrocketing, surpassing even the defense budget, posing a significant financial burden on the government and citizens. [ more ]
Even Europe's far-right firebrands seem to sense Brexit is a disaster | William Keegan
Brexit has negatively impacted the UK's economy, causing disruptions in exports, supply lines, and staff shortages, while receiving criticism even from rightwing politicians. [ more ]
Breaking Down The 2024 Bitcoin Halving: Implications and Predictions for Bitcoin Miners
The Bitcoin halving event on April 19, 2024, will halve the block subsidy for miners, influencing mining profitability and hashrate adjustments. [ more ]
Get ready, the Bitcoin 'halving' is coming - and there are reasons to be bullish
Bitcoin's value surpasses major financial entities like Taiwan Stock Exchange and Meta. Scheduled halving may impact price positively. ETFs by BlackRock and Fidelity allow mainstream Bitcoin access. [ more ]
Bitcoin Magazine - Bitcoin News, Articles and Expert Insights
Four months into Mission vending ban, one market set to close
The city imposed a vending ban on Mission Street but vendors continue to sell on the street.
Despite the ban deemed successful, permitted vendors are struggling with reduced sales and may face further challenges with the ban extension. [ more ]