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What is inflation?
Inflation affects the cost of goods and services, influences consumers’ ability to buy, and plays a crucial role in shaping economic growth and financial stability over time.
Read Full Article →Microsoft is planning to lay off thousands more employees, report says
Microsoft's continued workforce reductions reflect efforts to manage costs amid substantial investments in artificial intelligence, which have contributed to a notable increase in...
Read Full Article →Trump railed against socialism in his campaign. He's flirting with it as president
Under his administration, government intervention in the economy has increased, signaling a shift that could impact market dynamics and influence fiscal policies beyond previous pa...
Read Full Article →The Fed holds interest rates steady — and still sees two cuts later this year
The Federal Reserve’s choice to maintain current rates signals a cautious approach, suggesting potential reductions later this year that could influence borrowing costs and economi...
Read Full Article →Trump says he just can't get Fed Chair Jerome Powell to cut interest rates: 'I think he hates me'
The ongoing tension between the president and the Federal Reserve chair highlights challenges in monetary policy decisions that can influence borrowing costs, investment, and overa...
Read Full Article →The Fed is meeting. Don't expect an interest rate cut
The Federal Reserve’s ongoing meeting holds importance as sustained inflation above the desired threshold suggests that monetary policy adjustments, such as lowering interest rates...
Read Full Article →The Senate passed a major cryptocurrency bill — a big victory for digital assets
The recent legislative approval represents a crucial step toward establishing clearer regulatory frameworks, potentially attracting increased investment and fostering greater confi...
Read Full Article →Amazon faces worker backlash over CEO's AI remarks
The CEO’s comments on potential job cuts due to AI advancements sparked employee dissatisfaction, which may impact Amazon’s operational stability and influence investor confidence...
Read Full Article →Gas prices rise as war between Israel and Iran escalates
Ongoing tensions in the Middle East have led to gradual increases in energy costs, and potential interruptions in a key oil passage may substantially impact global market prices.
Read Full Article →Sam Altman says Meta is dangling $100 million signing bonuses to poach OpenAI employees
Meta's offer of substantial signing incentives to attract OpenAI staff highlights a competitive strategy that could impact the allocation of financial resources within the AI indus...
Read Full Article →Plane tickets across the Atlantic are getting cheaper as European visits to the U.S. fall
The widening gap between fewer European tourists visiting the U.S. and increasing outbound travel has contributed to a significant negative shift in the nation’s annual travel-rela...
Read Full Article →The Nintendo Switch 2 has boosted Nintendo's market cap by $39 billion
The rapid sales of the new Nintendo console significantly increased the company's valuation, reflecting strong investor confidence and expectations of continued high demand over th...
Read Full Article →America added 1,000 new millionaires every day last year
In 2024, the United States experienced a notable increase in wealth accumulation, with over a thousand individuals daily reaching millionaire status, reflecting broader global econ...
Read Full Article →🌎 Don’t expect a rate cut
Current economic indicators suggest that interest rates are likely to remain unchanged, impacting borrowing costs and investment decisions while tax negotiations continue to influe...
Read Full Article →Mitsubishi is raising prices as tariffs sting U.S. buyers
Mitsubishi is increasing vehicle costs in response to import duties, reflecting the impact of recent trade measures on consumer expenses in the United States.
Read Full Article →Tesla stock slumps after a report that Cybertruck and Model Y production is being paused
The temporary halt in manufacturing key Tesla models at the Austin facility marks the third interruption within a year, potentially impacting the company’s revenue streams and inve...
Read Full Article →AI means Amazon will need fewer white-collar workers over time, CEO says
Amazon’s CEO indicated that the adoption of artificial intelligence is expected to lower the number of corporate employees while enhancing overall productivity and operational effi...
Read Full Article →Investor sentiment is bouncing back, Bank of America survey shows — but mostly overseas
A recent survey indicates growing optimism among investors, with a majority expecting moderate economic improvement and many anticipating that foreign markets will yield better ret...
Read Full Article →JetBlue is cutting flights as it braces for a money-losing 2025
JetBlue is reducing its flight schedule due to weakened travel demand and excess capacity in the domestic sector, while continuing to focus on offering enhanced services on key rou...
Read Full Article →As China's housing slump deepens, consumers open their wallets to spend
The contrast between weakening property sales and rising household expenditures highlights shifting economic dynamics that could influence China’s overall growth and investment pat...
Read Full Article →AMD stock surges 10%. Here's what sparked the rally
The recent advancements in AI technology and strategic collaborations have significantly boosted investor confidence, leading to a notable increase in the company’s market value.
Read Full Article →Reddit is getting into AI-driven ads
Reddit is introducing AI-based advertising tools that leverage user interactions to generate valuable marketing data, marking a significant step in expanding its revenue opportunit...
Read Full Article →The Trump family is launching a mobile service — and a $499 gold phone
The introduction of a new wireless plan alongside a premium, branded Android device under a licensing agreement represents a strategic effort to generate revenue and expand market...
Read Full Article →7 budgeting hacks for DIY projects
Careful financial planning and strategic money management can help ensure that expenses are covered throughout the entire duration of do-it-yourself projects.
Read Full Article →A $250 mistake seems set to cost Ozempic maker Novo Nordisk billions
Novo Nordisk is expected to face substantial financial losses as Canada prepares to introduce generic alternatives of its weight loss medication due to the company’s failure to mai...
Read Full Article →🌎 All about rare earths
The growing demand for rare earth elements plays a crucial role in various industries, impacting global supply chains and influencing market prices amid ongoing concerns about risi...
Read Full Article →Republicans stick to July 4 deadline to pass Trump's megabill
Lawmakers are working to finalize a comprehensive fiscal plan by early July, with significant attention being given to tax provisions that could impact government revenue and econo...
Read Full Article →Weekend Money Markets Roundup June 14, 2025
Recent negotiations between major economies have not prevented a significant downturn in Chinese shipments to the United States, resulting in the steepest annual decrease in export...
Read Full Article →Dozens of states want to block 23andMe from selling DNA info
Multiple states and the District of Columbia have initiated legal action to prevent a genetic testing company from profiting by distributing users’ sensitive genetic data without e...
Read Full Article →Waymo cars are getting torched in LA. Wanted: A local community affairs specialist
The recent damage to Waymo’s vehicles in Los Angeles highlights potential financial risks and underscores the company’s need to address local community relations to protect its ass...
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