Wheat Holds Near May Low, Weighing Strong Dollar and US Exports
A recovery in the value of the dollar this month has been 'undermining the competitiveness of US exports such as grains, and weighing on Chicago prices,' CRM AgriCommodities analysts wrote in a note.
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Forbes
24 minutes ago
- Forbes
3 ChatGPT Prompts To Launch A $2,000/Month Side Hustle
More people than ever are turning to AI not just to save time, but to make money. Whether you're a student, stay-at-home parent, or entrepreneur between launches, AI tools like ChatGPT can be more than assistants. They can be side-hustle partners. The key? Knowing how to ask the right questions. The side hustle economy has become a significant economic force. According to Side Hustle Nation, around 27-40% of working Americans currently have a side hustle, with participation exceptionally high among Gen Z (up to 48%) and millennials (44-50%). For many, AI tools are becoming essential for scaling these income streams beyond traditional hourly limits. Here are three specific ChatGPT prompts you can use to kickstart income streams that can realistically bring in $2,000 or more per month—with hustle, consistency, and a value-driven approach. ChatGPT Prompt 1: Turn Your Knowledge Into a Paid Digital Product Prompt to use: "Act as a business coach. Ask me 10 questions to help me identify the kind of digital product I could create based on my [insert: skills, hobbies, or experiences] Why it works: Digital products—like ebooks, templates, online courses, or workbooks—require upfront effort but can become low-maintenance sources of income. The secret isn't being a top-tier expert. It's knowing just a little more than your ideal buyer and solving a specific problem for them. The digital education market continues to grow as more people seek online learning opportunities. Course creators and digital product sellers who target specific niches often find success even without massive audiences. You don't need fancy software or a giant following. Teen entrepreneurs at WIT - Whatever It Takes, which I launched in 2009, have launched simple Notion templates, Canva toolkits, and even $15 guides—earning consistent sales by targeting niche audiences. Pro tip: Once the product is made, ask ChatGPT for Instagram Reel scripts, email sequences, and SEO blog ideas to promote it. ChatGPT Prompt 2: Build a Niche Freelance Offer With AI's Help Prompt to use: "I want to start a freelance side hustle using ChatGPT to help me deliver faster, better results. Recommend 5 freelance services that combine my [skills: e.g., writing, research, social media] with ChatGPT's capabilities. For the best one, walk me through a 4-step service delivery process and write a client pitch." Why it works: This approach allows for faster project completion without compromising quality. You could develop comprehensive social media strategies that combine human creativity with AI research, create professional resumes that blend personal insight with optimized formatting, or produce well-researched content that merges subject matter expertise with AI-assisted organization. For those developing their skills, AI serves as a learning accelerator. Pro tip: Ask ChatGPT to generate a complete client onboarding workflow, email scripts, and even your Fiverr/Upwork profile bio. ChatGPT Prompt 3: Launch a Local or Virtual Microservice Business Prompt to use: "Help me design a local or virtual microservice business that solves a specific problem for a niche audience. I'm looking for ideas that require a low startup cost and allow me to earn at least $2,000/month. Then give me a one-page business plan and 10 ways to find my first clients." Why it works: The internet loves scale, but the fastest way to start earning is often through local efforts. Small businesses across America struggle with digital organization, social media management, and basic tech needs. This creates opportunities for service providers who can bridge the technology gap. Think: pet waste removal, online tutoring, home organization, birthday party planning, or even "digital decluttering." You can offer these services in-person or virtually—and AI can help you brand, script, and market the business in a day. A WIT teen entrepreneur launched a virtual "tech organizing" service for overwhelmed parents, earning $600 in her first week by offering one-on-one Zoom sessions to clean up desktop files, Google Drive folders, and iPhone photo chaos—with the help of ChatGPT, which assisted her in scripting every step. Pro tip: Use AI to automate your booking emails, service FAQs, and social media captions. How to Hit the $2,000/Month Using ChatGPT These prompts are not a magic money machine, but each one is a shortcut to something powerful: a clear path, a repeatable service, and momentum. Here's how to stack your success: Start small, then scale – Sell one digital product. Take on two freelance clients. Serve three local customers. Don't wait to be "ready"—start. Use AI as your creative partner – Not your crutch. You bring the voice, the vibe, the vision. Let ChatGPT handle structure, polish, and suggestions. Rinse and repeat what works – If one template sells, make three more. If a service gets referrals, double your availability. Consistency is where the income grows. Track your time and value – Aim to earn at least $25–$50/hour on tasks. ChatGPT can help you increase your speed without lowering your standards. The $2,000/Month Mindset The side hustle economy represents both opportunity and necessity for many Americans. According to a Fox Business report, 61% of Americans with a side hustle in 2024 reported that they could not afford their lifestyle without their side hustle. However, motivations are shifting as economic conditions improve, with a growing share pursuing discretionary goals rather than survival needs. Don't get distracted by overnight success stories or six-figure clickbait. Focus on what $2,000/month can do for you. Pay off a credit card. Cover rent. Provide savings for school expenses. Fund your next big idea. 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Washington Post
24 minutes ago
- Washington Post
Economic fears of investors are here — and fed by Trump's reaction
For months, the U.S. economy appeared to be weathering the disruptive effects of President Donald Trump's trade and immigration policies. But over the course of 72 hours, that sunny outlook darkened, as the latest government data this week showed the president's revolutionary remaking of the world's largest economy had hit a snag.
Yahoo
an hour ago
- Yahoo
Trump didn't chicken out. So what's Canada's next move?
Canada has now learned that the derisive acronym TACO — often slapped on U.S. President Donald Trump — is inaccurate and needs to be tweaked to something more like "Trump (Almost) Always Chickens Out." Despite putting decidedly lower tariffs than he'd threatened on dozens of countries around the globe and giving Mexico a 90-day reprieve from his threat to raise its tariff rate, Trump singled out Canada for an increase. While there's no way that Canada can characterize what happened as a win, there's plenty of evidence that it's not a reason for Prime Minister Mark Carney's government to panic and do something that jeopardizes what really matters for the Canadian economy: tariff-free access to the U.S. for the vast majority of exports. The key evidence backing this perspective comes in the economic number-crunching showing the actual impact of Trump's tariffs on the whole of Canada's exports to the U.S, what's called the effective tariff rate. Think of it as an average, weighted by the value of Canadian goods going across the border. Different economists have slightly different estimates, but even with the increase Trump announced Thursday night, there's consensus the effective tariff rate for Canada is down in the single digits, noticeably lower than the rate for any other major trading partner. That's because despite Trump's bluster, he's allowing the vast majority of Canada's exports into the country with zero tariff under the terms of the Canada-U.S.-Mexico Agreement (CUSMA). WATCH | Canada's talks with Trump administration will continue, says minister of US trade: Experts and business leaders say Canada's trade negotiators and federal government need to be laser focused on maintaining that tariff-free access through CUSMA, especially since the deal is soon up for review. Goldy Hyder, president and CEO of the Business Council of Canada, says a bigger issue than Trump's incremental increase of the tariffs is the way Canada is struggling to "find a way forward" in its negotiations with the U.S. 'The conversation that we should be having' "I am hoping this is an opportunity to reassess and to some extent reset where we are and where we need to get to for the longer haul," Hyder told CBC's Katie Simpson in an interview Friday. While Hyder says he has empathy for Carney's government as it tries to navigate the uncharted waters of dealing with Trump 2.0 on trade, he's questioning whether its negotiating strategy has been aimed at the correct target. Canada must assess what it needs to do "to get into the conversation that we should be having, which is first and foremost: how are we going to review and renew the USMCA?" Hyder said, using the U.S. government's preferred acronym for the trade deal. The text of CUSMA calls for a formal review starting in July 2026, but consultations between the three countries are expected to begin this fall. As Trump levies blanket tariffs on nearly every other major trading partner, observers are increasingly pointing to the big tariff exemptions Canada is getting from CUSMA as a major competitive advantage. That creates a rather hefty source of motivation for the Carney government to make solidifying CUSMA the long-term goal of its talks with the Trump administration. The eternal question: Trump's real motivation for the tariffs On the other side of the border, there's a view that a significant driving force behind Trump's tariff tactics with Canada is gaining leverage in those CUSMA renewal talks. Although Department of Justice lawyers have been arguing in court that stopping the flow of fentanyl from Canada — as minimal as it is — justifies the tariffs, trade policy expert Inu Manak of the Council for Foreign Relations in Washington, D.C., says she believes there's no way that's really what's motivating Trump. "I do think a lot of this has to do with some sort of renegotiation of parts of the CUSMA deal that the Trump administration is not happy with," Manak told CBC News Network on Friday. Although Trump hit Canada with a tariff increase, Manak isn't criticizing Canada's negotiating tactics. "There's no really good way to go about doing this," she said. "We've seen variation in approaches and no matter what, everyone seems to be getting hit with tariffs." WATCH | Breaking down the winners and loser in Trump's tariff gambit: CUSMA and its tariff-free access must remain the focus for Canada, says John Manley, a former Liberal deputy prime minister, now chair of chair of Jefferies Securities, a global investment banking firm. "The big game is the 93 per cent of Canadian goods that cross the border currently tariff-free under USMCA," Manley told CBC News. "That is what we need to protect." To retaliate or not? Even if the CUSMA renegotiation is what matters most in the long term for Canada, the Carney government also has to think about what its immediate next steps should be. Perhaps the most immediate question along those lines for Ottawa is whether to retaliate or not. Brian Clow, who served as former prime minister Justin Trudeau's deputy chief of staff and led his "war room" on Canada-U.S. trade relations, describes himself as a fan of retaliation, but is not advocating for Carney to fire back at Trump in this instance. "I do think [Carney and his team] need to stop and consider whether to further retaliate right now, given Canada is standing on its own, and the rest of the world is not standing with us," Clow said Friday in an interview with CBC News. WATCH | Should Carney hit back? Here's what a former PMO insider thinks: Carney's government also needs to think about what it can do about the tariffs that are actually having the biggest impact on Canada right now: the sectoral tariffs of 50 per cent on steel and aluminum and 25 per cent on the non-U.S. content of assembled automobiles. "Maybe there's one more step towards the American ask that we can take — that we can live with — that can close this deal," Clow said. The signals from Carney's team suggest the plan is to keep on keeping on. Dominic LeBlanc, the minister responsible for Canada-U.S. trade, said Friday that he and Commerce Secretary Howard Lutnick, Trump's point man on tariffs, agreed to speak by phone next week and arrange for a meeting later in August. "We'll continue to talk to the Americans," LeBlanc told reporters in Washington. "The United States will continue to be our neighbour, continue to be our most important economic and security partner." Both LeBlanc in his scrum and Carney in his statement acknowledged the need for the government to help the steel, aluminum and auto sectors. Getting carve-outs or reductions of those tariffs will no doubt be an objective as the talks with Team Trump progress.
