Potential Deflation from Iran Conflict
How the Iran war could end up triggering a deflationary wave
4 min read
Canadians reduced cross-border travel to the US by 25.4% in 2025, as many redirected trips to Europe, Asia, and domestic destinations, according to Statistics Canada.
Americans work an average of 1,800 hours annually, though some states report significantly longer workweeks than others.
9 min read
After Zohran Mamdani’s second home tax proposal stirred discontent among affluent New Yorkers, neighboring municipalities are positioning themselves as havens for seasonal property owners.
3 min read
New York City’s richest property owners are consulting attorneys and tax experts to navigate Mamdani’s pied-à-terre tax, with limited options for avoidance.
11 min read
British Columbia Premier David Eby is pushing for Canada to impose tariffs on US fighter jets and coal as part of its strategy beyond existing trade barriers with Trump’s administration.
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Canada’s political leaders dismissed Trump’s threat to rename Lake Ontario as Lake America, showing little concern over the proposal.
Zohran Mamdani has extended an offer to NYC sports enthusiasts, with 1,000 residents receiving complimentary US Open tickets.
Trump’s renewed tariff threats against Canadian products may influence voter sentiment ahead of upcoming midterm elections.
North America’s supply chains are facing disruption from tariffs, with automakers struggling and US steel producers temporarily benefiting.
The US is accelerating efforts to grow its polar icebreaker fleet through collaboration with Canada and Finland, enhancing Arctic capabilities.
WeChat Pay’s integration with PayPal and Bilibili’s new international app signal China’s gradual opening of its closed internet economy.
5 min read
Ontario Premier Doug Ford stated all options are on the table in the US-Canada trade conflict, including electricity, critical minerals, and fuel negotiations.
Canadians have reaffirmed their boycott of American goods and travel, though some admitted to letting vigilance lapse.
New 50% tariffs on numerous Canadian exports took effect, potentially impacting jobs and businesses in border states.
UK graduate job openings plummeted 45.6% in July, according to Adzuna, as AI and economic shifts reshape employment landscapes.
The Multicultural Business Coalition, representing NYC food retailers, filed a lawsuit challenging Mayor Mamdani’s city-run supermarket initiative.
Financial crisis expert Tuomas Malinen warns of a US recession by 2027 due to extreme financial system leverage.
Rillet, an AI-driven accounting platform, is capitalizing on the AI surge and accountant shortages, with CEO Nicolas Kopp suggesting broader consulting applications.
Four thousand dollars barely covers a month’s rent in Manhattan, with Brooklyn and Queens facing similar affordability challenges.
Ruth Olinger, 70, adopted her grandson and works full-time to cover $10,400 annual daycare costs, delaying retirement plans.
7 min read
In this Sunday edition of Business Insider Today, we explore Gen Z’s evolving bill-splitting customs.
Student loan borrowers report drastic credit score drops, with payment amounts exceeding initial expectations by significant margins.
6 min read
NYC Mayor Zohran Mamdani plans to launch five government-operated stores, drawing mixed reactions from residents who desire more affordable food options.
China’s second World Humanoid Robot Games commenced in Beijing, reflecting the nation’s substantial investment in humanoid robotics.
On Friday, Trump announced a 90-day allowance for up to 300,000 metric tons of beef imports without out-of-quota tariffs.
Trump’s new 50% tariffs on Canadian goods target whisky, dairy, hockey equipment, and other products.
A Brooklyn software engineer recounts his journey from college dropout to six-figure salary while navigating NYC’s high living costs.
Jimmy Hendricks of Koney King sustained his Gary, Indiana restaurant during a blackout using a generator, resulting in increased sales.
US national debt surpassed $40 trillion this week, potentially affecting mortgage and auto loan rates for consumers.
Walmart’s earnings, retail sales, consumer confidence, and employment data all indicate rising financial pressure on Americans.
Joslyn Kelly’s restaurant in Gary, Indiana, lost over $19,000 in sales during a week-long power outage caused by a severe storm.
Walmart’s stock fell 7% after reporting its slowest US sales growth in six years during Q2 earnings.
Review which US states contribute the highest and lowest proportions of first-time college students studying out-of-state, based on 2024 Department of Education data.
Stock market cycles share common traits that signal an impending burst in the AI-driven market bubble.
Rising Treasury yields are creating ripple effects across mortgage rates, stock markets, and corporate borrowing.
Linda Barton, 55, and her spouse downsized to tiny homes to manage elder care expenses, reducing overall costs.
Wage growth lagging behind inflation is eroding purchasing power and lowering American sentiment.
The children’s investment accounts currently offer only a State Street S&P 500 ETF.
Toumas Malinen reiterates that the US economy is perilously close to a recession, based on financial system vulnerabilities.
High mortgage rates, persistent home prices, and slowed construction exacerbate housing market challenges for buyers.
A student-loan analyst at the Education Department admitted unawareness of an income calculation error in federal databases.
The ‘Dune: Part Three’ ticket line at a Manhattan AMC theater stretched 1,500 feet, with fans arriving at midnight.
The story of Anthony Curcio: football star, bank robber, children’s book author, and trading card fraudster.
25 min read
The Chinese Ministry of Commerce added seven US firms, including Altana, to its countermeasures list amid ongoing trade tensions.
Exclusive coverage reveals the former Google CEO’s purchase of a luxury megayacht from billionaire Shahid Khan three years ago.
The NYC Council conducted a public hearing on Mamdani’s pied-à-terre tax implementation, with the administration submitting formal testimony.
13 min read
The Trump administration is reversing Public Service Loan Forgiveness credits for certain borrowers, citing ‘code errors’ from the Biden era.
Ilia and Liliia Penzina’s T.O.L.K. café in Bushwick merges art and coffee, maintaining operations despite financial hurdles.