Federal Reserve Chair Jerome Powell said Thursday that the economy may be entering a period of more volatile inflation and more regular supply shocks relative to recent decades, in which inflation and unemployment remained low. Powell reflected Wednesday on “the possibility that inflation could be more volatile going forward than during the inter-crisis period of […]
An “ultimate money printer” sounds very desirable in these times — or in any time, really. To combat financial friction due to heightened tariffs on goods and the declining value of the U.S. dollar, personal finance guru Graham Stephan said many investors are turning to one thing. Read on to find out what that investment
Graham Stephan Calls Gold the ‘Ultimate Money Printer’ Amid Economic Uncertainty Read More »
The flagging economy is beginning to weigh heavily on the U.S. housing market. President Donald Trump’s trade war is pushing construction costs higher, and interest rates are expected to remain elevated through the rest of the year. According to the original report, “The faltering economy is starting to become a drag on the housing market.”
Housing Market Stumbles Under Trade War Pressure and Economic Uncertainty Read More »
Warren Buffett said Saturday that he will step down as the head of Berkshire Hathaway (BRK.A) at the end of this year, ending a storied investing career that saw him beat the market year after year and earned him the nickname “Oracle of Omaha.” Buffett, Berkshire’s CEO and chairman, said he will recommend to the
Warren Buffett to Step Down as CEO of Berkshire Hathaway by Year’s End Read More »
Microsoft led the charge, with the stock jumping more than 11% for the week, fueled by surging cloud and AI demand — and management’s clear, detailed take on both in the earnings call. Azure cloud revenue grew 33% year-over-year, reaccelerating from the previous quarter and beating both internal targets and Wall Street estimates. “Almost half
Microsoft Pulls Ahead in the Cloud and AI Race, Leaving Amazon Searching for Focus Read More »
The S&P 500 just notched its longest winning streak in more than 20 years. After climbing for nine straight sessions and gaining 10%, it has now erased all the losses suffered since April 2 — the day President Donald Trump launched his global trade war. But as the article puts it: “The question is why.”
Wall Street Rides a Retail-Driven Rally, But Storm Clouds Linger Read More »
Apple (AAPL) stock fell early Friday morning after the company said it expects to face a $900 million headwind as a result of tariffs in the current quarter. Pressed by analysts on potential tariff impacts beyond its June quarter, CEO Tim Cook declined to comment, saying he didn’t want to “predict the future.” For its
Apple Faces $900M Tariff Hit Despite Beating Q2 Expectations Read More »
Kohl’s has fired its newly installed CEO, who has spent less than five months in the position, after the retailer found that Ashley Buchanan engaged in unethical behavior. Buchanan’s dismissal was “for cause,” a rare rebuke of a business leader that carries serious weight in the business community. It comes after an investigation from an
Kohl’s Ousts CEO Ashley Buchanan After Ethics Probe Uncovers Policy Violations Read More »
A cooperative framework between the Trump administration, the Senate DOGE Caucus chairwoman and the House’s top small-business lawmaker seeks to boost domestic manufacturing by doubling the capital small businesses can access. Manufacturing loans have increased by 74% during President Donald Trump’s first 100 days in office, sponsors of the Made In America Manufacturing Finance Act
Trump-Backed Bill Aims to Supercharge U.S. Manufacturing with Bigger Loans Read More »
McDonald’s reported its worst quarterly sales for the United States since the height of the pandemic in 2020, the latest restaurant chain to be affected by America’s turbulent economic environment. The burger giant reported U.S. same-store sales fell 3.6%, the largest three-month drop since Q2 2020, when they plunged 8.7%. Forecasts had been for a
McDonald’s Faces Major U.S. Sales Slump, Warns of Global Pushback on American Brands Read More »
