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The IRS is sharing taxpayer data with ICE as Trump accelerates deportations
The collaboration between the IRS and immigration authorities may impact taxpayer confidentiality and influence resource allocation within both agencies, potentially affecting fina...
Read Full Article →Bitcoin falls after Treasury Secretary rules out buying it for strategic reserve
The decision by U.S. officials to exclude cryptocurrency from national reserves led to a decline in Bitcoin's market price, reflecting reduced investor confidence in its institutio...
Read Full Article →PPI shows the economy isn’t getting a fairytale ending
The recent Producer Price Index data indicates increased economic challenges, suggesting that expectations for September rate reductions may need to be reconsidered based on curren...
Read Full Article →Mortgage rates reach lowest level since October
Recent data from Freddie Mac indicates that borrowing costs for home loans have decreased consecutively over the past month, marking their lowest point in almost a year.
Read Full Article →Coach parent company expects to lose $160 million to tariffs this year
Tapestry anticipates substantial financial impact from increased tariffs this year, resulting in significant added expenses that exceed earlier projections according to the company...
Read Full Article →Union asks lawmakers to help Boeing defense workers on strike
The IAM Union appealed to Missouri legislators to support ongoing negotiations with Boeing, aiming to address the financial impacts experienced by thousands of defense employees in...
Read Full Article →Klarna credits AI for revenue boost as its growth surges
The company reported a 20% increase in second-quarter sales, attributing this financial improvement to the implementation of artificial intelligence technologies that have positive...
Read Full Article →Foxconn, the largest iPhone manufacturer, churned record profit building AI servers
Foxconn experienced substantial financial gains attributable to its AI server production, with the company anticipating a significant increase in revenue from this sector in the up...
Read Full Article →Wholesale prices surged in July, reigniting inflation worries
The notable increase in producer costs during July highlights potential upward pressure on consumer prices, which may influence central banks to maintain or increase interest rates...
Read Full Article →AriZona Iced Tea is finding out how inflation-proof its 99-cent drinks really are
AriZona's leadership is evaluating the potential impact of increased aluminum costs on their product pricing and overall profitability amid changing economic pressures and import t...
Read Full Article →Meet the BLS nominee who economists on the left, right, and center agree is unqualified
E.J. Antoni's appointment raises concerns across the political spectrum due to limited experience, potentially impacting the Bureau of Labor Statistics' reputation and influencing...
Read Full Article →Tariffs and weak demand slash Deere’s quarterly profit by 25%
John Deere’s quarterly earnings declined significantly due to increased trade barriers, lower agricultural commodity values, and cautious purchasing behavior among farmers, prompti...
Read Full Article →Walmart's 10% employee discount now includes most groceries amid tariff pressures
Walmart has broadened its staff savings to cover nearly all grocery items, aiming to alleviate the impact of increased costs caused by tariffs on both employees and overall expense...
Read Full Article →Treasury Secretary Scott Bessent pressures Fed for interest rate cuts, joining Trump's central bank...
Treasury Secretary Scott Bessent has urged the Federal Reserve to reduce borrowing costs, highlighting concerns about sluggish job growth and signaling a shift toward supporting lo...
Read Full Article →CoreWeave's worse-than-expected losses outpace AI demand
Despite increasing revenue driven by AI demand, CoreWeave's substantial financial losses, growing liabilities, and operational challenges are raising concerns about the sustainabil...
Read Full Article →GE is investing $3 billion in domestic manufacturing amid Trump tariffs
GE’s $3 billion commitment to U.S. manufacturing aims to reduce reliance on foreign production, potentially minimizing costs associated with international trade restrictions and en...
Read Full Article →The states where student loan delinquency is increasing the most and the least
As federal student loan repayments begin again, certain states are facing growing challenges with overdue payments, whereas others are observing notable improvements in managing th...
Read Full Article →Small business optimism increased in July, citing better conditions, study shows
According to a recent NFIB survey, improved economic conditions have boosted confidence among small businesses, although concerns about the availability and quality of labor remain...
Read Full Article →How U.S. tariffs are hiding in plain sight
Although consumers haven't yet faced noticeable price increases, experts anticipate that ongoing trade policies will gradually lead to higher costs across various sectors in the ne...
Read Full Article →Trump threatens Fed's Powell with lawsuit, stepping up his attacks
The president’s recent legal threats toward the Federal Reserve Chair may increase uncertainty in financial markets, potentially affecting investor confidence and influencing econo...
Read Full Article →Brazil’s coffee prices fell last month. Could Trump’s 50% tariffs rock the industry?
The recent decline in Brazil’s coffee prices, following months of increases, may have important economic implications for the market, especially considering the potential impact of...
Read Full Article →Boeing plane deliveries dropped sharply in July
The decrease in aircraft deliveries from June to July represents a notable shift in Boeing's production output, potentially affecting the company’s revenue and market momentum in t...
Read Full Article →July inflation holds steady, masking emerging pressures from tariffs
Despite stable overall consumer price index figures in July, rising underlying costs suggest ongoing inflationary pressures that complicate efforts to achieve the Federal Reserve’s...
Read Full Article →Tesla is looking for a robotaxi operator in NYC — before it even has permits
Tesla’s decision to pursue robotaxi operations in New York City highlights its ambition to enter a lucrative market despite regulatory challenges, potentially accelerating revenue...
Read Full Article →Anthropic gifts Claude to the US government for $1, joining list of tech firms offering discounts
Anthropic has provided its AI model Claude to the US government at a nominal fee, reflecting a trend of technology companies supporting federal agencies through significantly disco...
Read Full Article →Spirit Airlines warns it may not last another year with current cash flow problems
Spirit Airlines’ recent quarterly report revealed substantial financial challenges, including a significant net loss, raising concerns about its ability to maintain operations beyo...
Read Full Article →Trump meets with Intel CEO at the White House after demanding his removal
The meeting between the president and the Intel CEO could have implications for the company's strategic direction and investor confidence, potentially influencing market perception...
Read Full Article →Markets on edge ahead of high-stakes CPI release
Investors are closely monitoring upcoming inflation data due to ongoing trade tensions, persistent housing costs, and a slowing job market, all of which may influence central bank...
Read Full Article →Tariffs already tacked billions on food and clothing costs. These items saw the biggest hikes
The recent tax increases on meat and footwear have contributed significantly to the overall rise in expenses for essential goods such as food and clothing during May and June.
Read Full Article →Trump has reportedly delayed slapping steeper tariffs on China yet again
The ongoing negotiations between China and the U.S. continue to influence market expectations, as postponing higher tariffs may help maintain economic stability and prevent increas...
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