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The Latest Breaking News from Eswar Prasad

Trump has amassed staggering wealth in ‘most openly corrupt’ presidency

Ethics experts and Democrats express alarm as Trump uses office to grow his personal fortune to ‘unprecedented’ level

The Guardian - US

Jamie Dimon warns dollar dominance depends on the military: ‘If we're not the strongest military in 25 years…we won't be the reserve currency either’

The JPMorgan CEO said U.S. military might will be the only thing keeping the world from being "very dangerous for us."

Fortune

War, inflation and Trump’s tariffs have shaken the US. Why does the stock market keep going up?

Wall Street has proved incredibly resilient to instability, and while consumer confidence has dipped, shares have soared

The Guardian - US

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America is lucky it’s no longer a manufacturing powerhouse—it’s what’s protecting the U.S. economy from the worst of the oil shock, top economist says

The U.S. has lost 35% of manufacturing jobs since its 1979 peak. Cornell economist Eswar Prasad said that’s not necessarily a bad thing.

Fortune

One economist’s ‘radical idea’ to solve the biggest energy crisis in history: a reverse OPEC

UMass Amherst economist Gregor Semieniuk says the U.S. is the most powerful country to make the idea work.

Fortune

China's economy grows at 5% in first quarter, shrugging off initial impact of Iran war

China’s economy accelerated in the first quarter of this year, expanding 5% from a year earlier as it largely shrugged off impacts from the Iran war so far

The Independent UK

Economist Eswar Prasad warns a ‘motley group’ of middle powers can’t stop the ‘doom loop’ threatening the global economy

Prasad, author of “The Doom Loop,” worries that the forces behind globalization are fueling instability—and that global business is making things worse.

Fortune

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China eyes challenge to U.S. dollar dominance – but that's easier said than done

Displacing the dollar would require China to build infrastructure and make sacrifices.

Axios

China's export-led growth is looking more and more unsustainable while a real estate crash and reeling consumers fuel deflationary spiral

"China’s growth model is becoming increasingly difficult to sustain."

Fortune

Kitchen sink drama: Trump’s latest tariffs leave experts scratching heads

President places new duties on cabinets, vanities and sofas but national-security justification prompts puzzlement

The Guardian - US

King Dollar won't just give up its crown. Rivals have to take it away, but they're not ready, currency expert says

"Unless that changes, the dollar will remain on a much longer leash than any currency should rightfully have."

Fortune

Trump's tariffs will test unity among allies at G7 finance ministers' summit

Leading financial officials from the world’s richest countries are gathering in a Canadian mountain resort this week for what may prove a contentious meeting in the wake of President Donald Trump’s sweeping tariffs

The Independent UK

Critics slam deregulation of crypto as Trump family expands its footprint in industry

Watchdogs say cryptocurrency regulation and enforcement has plummeted while Trump family invests heavily in it

The Guardian - US

Will Trump’s ‘liberation day’ be the start of a trade war – or another climbdown?

After myriad false starts and much fluctuation, the lingering question is not how far Trump can take his trade wars, but how far he will

The Guardian - US

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news in one place.

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The Guardian - US

Trump’s meme coin sparks more than 700 copycats posing as official crypto

Army of digital imposters uses names associated with president’s family in apparent bid to deceive investors

The Guardian - US

Why Trump tariffs will be ‘very bad for America and for the world’

If enacted tariffs will increase inflation, slow economic growth, and result in US consumers footing the bill

The Guardian - US

‘Trump’s grifting tendencies’: how the president’s crypto ties could spur corruption

With Trump promising the US will be ‘crypto capital of the planet’, experts say the industry is poised for laxer oversight

Fortune

Donald Trump is about to relaunch his trade war with China—and create even more corporate upheaval in the process

During his first term, Trump's tariffs caused U.S. firms to flee China. Now comes Round 2, which will create new winners and losers.

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news in one place.

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Fortune

Trump tariffs could leave the U.S. as the relative winner among global economies, Ivy League professor says

“No matter the virtues of these policies, they could end up hurting other countries a lot more than they hurt American consumers, making the United States look like a winner.”

International Business Times

Trump Vows To Defend US Dollar Hegemony, But Is It Under Threat?

President-elect Donald Trump has threatened retaliation against governments that challenge the US dollar, vowing "100 percent tariffs" on countries that undercut the US currency.

The Guardian - US

Trump’s tariff threat sets stage for bitter global trade war

Trump intends to hit Canada, Mexico and China with tariffs, which experts say will risk retaliation and a damaging economic war

Fortune

2024 will be Asia’s time to shine–but a series of pivotal elections could change everything

Taiwan, Indonesia, India: Here are the key Asian elections to watch in 2024.

The Independent UK

A fragile global economy is at stake as US and China seek to cool tensions at APEC summit

The United States and China are the two global economic heavyweights

Fortune

China's Gen Z graduates fear they have 'blank paper' diplomas as youth unemployment hits a record 20% and the economy chokes on anemic growth

Millions of fresh college graduates and early career professionals in China face daunting prospects amid a cooling economy.

Fortune

Ron DeSantis proposed a bill to ban CBDCs. A trade policy professor calls that 'a little ludicrous'

With his eyes on the 2024 presidential election, the Florida governor's proposal "is largely a political gesture."

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