Daily Management Review
Economics

Musk believes that Trump's government spending bill will lead the US to debt slavery

The legislation put forward by President Donald Trump's administration could lead the United States towards debt slavery, the previous head of the Department of Government Efficiency (DOGE), entrepreneur Elon Musk declared on the social network X. “This legislation would raise the debt limit by $5...

G7 Unveils Exemptions for US and UK Firms to Safeguard Investment and Stability

Fast‑evolving discussions among the Group of Seven culminated this week in a landmark agreement to carve out U.S. and U.K. multinational companies from key provisions of the global minimum tax framework. Officials from Canada, holding the rotating G7 presidency, announced that a novel...

Trump Terminates Canada Trade Negotiations Amid Digital Tax Clash

President Donald Trump on Friday announced the immediate suspension of all trade talks with Canada, citing the impending implementation of a Canadian digital services tax as a “direct and blatant attack” on American businesses. In a post on his Truth Social platform, Trump declared that...

Expedited Chinese Rare Earth Shipments Could Tremendously Help U.S. Industry and Security

In a landmark shift in U.S.–China trade relations, Beijing has agreed to accelerate the export of rare earth minerals to American manufacturers, a move with profound implications for U.S. industrial competitiveness, national security, and strategic autonomy. Rare earth elements—seventeen metallic...

India’s NSE Paves Way for Landmark IPO with Record ₹13,880 Crore Settlement

The National Stock Exchange of India (NSE), the country’s largest equities and derivatives trading venue, has offered a record-breaking ₹13,880 crore (approximately \$160 million) to the Securities and Exchange Board of India (SEBI) to resolve long-standing regulatory disputes. This unprecedented...

Central Banks Double Down on Gold as Reserve Priorities Shift

Central banks around the world are accelerating their accumulation of gold at a pace unseen in decades, signaling a strategic pivot in reserve management that reflects changing economic and geopolitical realities. After years of record purchases, reserve managers are expanding their gold holdings...

Stealth Networks Propel Flood of Unauthorized Chinese Vapes into U.S. Market

A vast and covert supply chain has emerged to funnel millions of unauthorized e-cigarette devices from China into the United States, exploiting regulatory gaps, mislabeling tactics and a web of middlemen that operates largely in plain sight. Despite heightened enforcement efforts by the U.S. Food...

US Business Growth Decelerates Amid Inflation, Tariffs and Global Headwinds

U.S. business activity showed a notable slowdown in June as firms grappled with a convergence of cost pressures, supply chain adjustments and shifting demand patterns. While the economy continued to expand modestly—with composite PMI readings remaining above the 50-point growth threshold—several...

Chinese Bitcoin Rig Giants Move Production Stateside to Navigate Tariffs and Geopolitics

China’s leading manufacturers of bitcoin mining machines—Bitmain, Canaan and MicroBT—are rapidly establishing production footprints in the United States. This strategic pivot reflects a confluence of trade-policy pressures, security concerns and burgeoning North American demand for cryptocurrency...

Global Oil Markets on High Alert Over Potential Regime Change in Iran

Senior Israeli and U.S. officials have hinted that sustained military pressure could catalyze a collapse of Iran’s current leadership, raising alarms across global energy markets. As Tehran’s political stability hangs in the balance, traders and governments alike are reassessing oil supply...
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