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To avoid tariffs and trade war uncertainty, more companies are using U.S. Customs-sanctioned foreign trade zones (FTZs) and bonded warehouses, where products can be stored anywhere from years to indefinitely with the hopes that the Trump Administration’s tariffs will go away and companies won’t have to pay and then pass the cost of tariffs on to Americans. Given that the Trump Administration seems very attached to tariffs Americans are likely going to pay the price of tariffs over several years as goods come out of the bonded warehouses. 🇺🇸

MSN

U.S. producer prices increased by the most in three years in July amid a surge in the costs of goods and services, suggesting a broad pickup in inflation is imminent. July CPI data also showed inflation is steady, along with the recent poor jobs report it seems the US is headed for stagflation. 🇺🇸This leaves the Fed in a tough position because if they cut rates in September, Americans will face even higher prices on products in relation to inflation on top of higher prices from tariffs over the next few years. If the Fed doesn’t cut rates in September, the job market which was already declining from the current economic policies in place from the Trump Administration may get worse. 🇺🇸 https://www.reuters.com/world/us/us-producer-inflation-heats-up-goods-services-prices-soar-2025-08-14/

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Goldman Sachs economist warns Gen Z tech workers are first on the chopping block as generative AI shows signs of shaking up the labor market. It would make sense for Americans to save more money in the event that generative AI replaces their job and they have to retrain for a new job. It can be time consuming and expensive to retrain for a new job if you’re already making six figures and you have to find another career that will also pay six figures. Economic uncertainties from the Trump Administration’s tariffs and inflation are also playing a part in tech workers having trouble finding jobs. 🇺🇸

Fortune

Goldman Sachs economist warns Gen Z tech workers are first on the chopping block as AI shows signs of shaking up the labor market | Fortune

Unemployment among 20- to 30-year-olds in the tech sector has increased 3% since the beginning of the year, said Goldman Sachs senior economist Jos...

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What to know about the upcoming Atlanta mayoral election 🇺🇸 Atlanta’s first-term mayor and former council member Andre Dickens shocked the city by emerging as the winner of a crowded and highly watched mayoral race in 2021. So far the 2025 mayoral race looks to be crowded as well, the mayor’s competitors are: Helmut Love, a consultant; Eddie Meredith, a community advocate; Marcus Lamar, a financial manager, Walter Reeves, a former candidate for mayor; Larmetria Trammell and Kalema Jackson. 🇺🇸

ajc

5 things to know about the upcoming Atlanta elections

The mayor and all Atlanta City Council members are up for election this November. Here are some issues to be aware of.

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Is the US entering a recession or stagflation period because of the Trump Administration’s recent economic policies? Most Americans should save additional money in case they lose their jobs and have difficulty finding new jobs as many companies are now on hiring freezes.🇺🇸 “The job market is terrible,” said Douglas Holtz-Eakin, former director of the Congressional Budget Office during the George W. Bush administration. “Outside of education and health, the economy has lost private sector jobs in the past three months. That’s terrible.” Several recent economic indicators are pointing in the wrong direction – weakness in second-quarter gross domestic product and slower-than-expected growth in both the manufacturing and services sectors, for example. “Friday’s jobs report was terrible with recessionary level numbers, but slowing hiring is not new,” said Robert Ruggirello, chief investment officer, Brave Eagle Wealth Management. “While Friday’s report does not mean we are entering a recession, it shows that companies are freezing hiring and firing until there is more policy certainty and business confidence.” 🇺🇸

The Times of India

RECESSION: The 'warning sign' in the US Jobs report that enraged Donald Trump - The Times of India

Tech News : Revised employment figures from the BLS revealed a significant slowdown in hiring, prompting concerns about the US economy's health. Do...