Author: arabcolumnist.com
Signs are mounting that the United States may be entering a “stagflation-lite” phase, as inflation edges higher while economic growth slows and labor market indicators weaken. Economists and market analysts warn that the combination of sticky prices, slowing job creation, and policy uncertainty is creating a more challenging environment for the Federal Reserve and policymakers. Concerns over stagflation intensified after a series of economic releases in recent weeks. Inflation trends put pressure on USA economic stability. The Personal Consumption Expenditures price index, the Federal Reserve’s preferred inflation gauge, rose 2.6 percent year-over-year in June, above expectations and up from May’s 2.4 percent. Former Federal Reserve economist…
The rise of generative artificial intelligence (AI) is already reshaping the American labor market, with early impacts being felt among young technology workers, according to a leading economist at Goldman Sachs. Joseph Briggs, senior global economist at Goldman’s research division, noted that unemployment rates among tech workers aged 20 to 30 have increased by three percentage points since the start of 2025, marking the most visible sign of AI-driven job displacement to date. Briggs explained in a recent podcast episode that while most companies have not yet fully deployed AI across their operations, the technology sector is already experiencing a hiring slowdown,…
Health authorities in Florida are investigating a foodborne illness outbreak linked to raw milk from an unnamed farm that has resulted in 21 confirmed cases of infection. According to the Florida Department of Health, patients have contracted Campylobacter and Shiga toxin-producing E. coli (STEC) infections, with seven individuals requiring hospitalization. Six of the cases involve children under the age of 10, and at least two patients have developed severe complications associated with these bacterial infections. The Florida Department of Health issued a public advisory highlighting concerns about the farm’s sanitation practices, which officials cited as a factor in the continued emergence…
Pfizer has raised its full-year adjusted earnings forecast for 2025, driven by cost-cutting measures and robust second-quarter performance that exceeded Wall Street expectations. The pharmaceutical giant now anticipates adjusted earnings per share between $2.90 and $3.10, up from its prior projection of $2.80 to $3.00. Pfizer maintained its revenue outlook for the year, which remains in the range of $61 billion to $64 billion. The improved forecast comes as Pfizer posted second-quarter earnings that beat analyst estimates. Adjusted earnings per share reached 78 cents, surpassing the expected 58 cents, while revenue rose to $14.65 billion, exceeding the anticipated $13.56 billion. This marks a 10%…
Harley-Davidson Inc. has appointed Artie Starrs as its next President and Chief Executive Officer, effective October 1, 2025. The announcement follows the upcoming retirement of Jochen Zeitz, who will remain as Chairman until stepping down on the same date, after which he will serve as a senior advisor to the company through February 2026. Starrs joins the iconic motorcycle manufacturer from Topgolf International, a subsidiary of Topgolf Callaway Brands Corp., where he has served as CEO since 2021. Starrs’ appointment comes at a critical juncture for Harley-Davidson as the company navigates a challenging market environment marked by tariffs, subdued consumer demand,…
Coffee shops across Asheville, North Carolina, are preparing for a significant rise in prices as a new 50% US tariff on Brazilian coffee beans is set to take effect on August 6. The tariff, announced by the Trump administration on Wednesday, targets a wide range of Brazilian imports and is expected to impact small businesses that rely on Brazilian coffee for their daily operations. The tariffs are part of a broader trade policy shift that imposes new duties on imports from nearly 40 countries, with Brazil facing some of the steepest penalties. According to the media, the Trump administration has justified the move as a response…
More than 3,200 members of the International Association of Machinists and Aerospace Workers (IAM) District 837 have voted to reject Boeing’s latest contract offer, setting the stage for a strike that will begin at midnight on Monday. The decision affects workers at Boeing’s facilities in St. Louis, St. Charles, Missouri, and Mascoutah, Illinois, who assemble and maintain critical aircraft and defense systems. The vote came after Boeing presented what it described as its “best and final offer” last Thursday, which included a 20 percent wage increase over the four-year contract period, an additional 50-cent per hour raise for top-scale workers with strong attendance records, and…
Scientists in New South Wales have announced the development of the world’s first mRNA-based vaccine to protect livestock from foot-and-mouth disease (FMD), marking a significant breakthrough in agricultural biosecurity. This achievement addresses one of the most serious threats to livestock industries globally, with FMD known for its rapid spread among cloven-hoofed animals, causing severe economic and food supply disruptions. Unlike traditional FMD vaccines, which rely on inactivated virus particles, the new vaccine uses mRNA technology, making it fully synthetic. This innovation allows for faster production, greater safety, and more adaptable responses to emerging viral strains. The synthetic nature of the vaccine eliminates the need for…
Las Vegas is facing a sharp downturn in tourism, with official figures revealing an 11.3% drop in visitor numbers this June compared to the same period last year. The Las Vegas Convention and Visitors Authority (LVCVA) attributed the decline to persistent economic uncertainty, weaker consumer confidence, and a slower convention month. Approximately 3.1 million visitors traveled to Las Vegas in June, down from 3.49 million in June 2024. Domestic travel has also taken a hit, with arrivals at Harry Reid International Airport declining by 6.1%. International travel dropped even more sharply, falling nearly 10% compared to last year. Canadian visitors, a key demographic…
Brazil has formally submitted a proposal to the New Development Bank (NDB) of BRICS countries for the development of its first smart public hospital within the Unified Health System (SUS). The project, announced by Brazil’s Ministry of Science, Technology and Innovation, is designed to establish a state-of-the-art healthcare facility integrating advanced technologies, with a primary focus on emergency care, intensive care units, and neurology services. The smart hospital will feature artificial intelligence systems for diagnostics and prognostics, telemedicine platforms for remote consultations, 5G-enabled ambulances, and automated management systems aimed at improving efficiency and patient outcomes. The total investment in the project is estimated…