Nvidia Denies ‘Kill Switch’ Claims in AI Chips Amid China’s Security Concerns Santa Clara, California, August 5, 2025 – Nvidia Corp. has firmly rejected accusations from China’s Cyberspace Administration of China (CAC) that its H20 artificial intelligence (AI) chips contain “kill switches” or backdoors that could allow remote deactivation or tracking. The controversy, sparked by … Read more
Caterpillar Faces $1.5 Billion Tariff Hit in 2025, Yet Stock Rises Amid Resilient Demand Irving, Texas, August 5, 2025 – Caterpillar Inc. (NYSE: CAT), a global leader in construction and mining equipment, reported a challenging second quarter on Tuesday, citing up to $1.5 billion in expected tariff costs for 2025. Despite missing profit expectations and … Read more
Contentious July Jobs Report Signals Sharp Slowdown in U.S. Economy August 5, 2025 – The U.S. economy added just 73,000 jobs in July 2025, far below the Dow Jones consensus estimate of 100,000, according to the Bureau of Labor Statistics (BLS). The report, released on August 1, also included dramatic downward revisions for May and … Read more
‘I’m Scared to Lose Too Much’: Can You Retire in 20 Years with $140K in a 401(k) and a $45K Salary? NEW YORK, NY – August 5, 2025 – A growing number of Americans are grappling with the question: Can I retire comfortably with my current savings and income? One such individual, highlighted in a … Read more
The Social Security Cost-of-Living Adjustment (COLA) for 2026 faces potential risks due to President Donald Trump’s federal hiring freeze and the controversial firing of Bureau of Labor Statistics (BLS) Commissioner Erika McEntarfer, which have raised concerns about the accuracy of inflation data used to calculate the COLA. Here’s a detailed breakdown based on available information: … Read more
Tesla Awards Elon Musk $29 Billion in Shares Amid Ongoing Legal Battle Over 2018 Compensation August 4, 2025, 9:25 PM IST – Tesla has granted CEO Elon Musk 96 million shares of restricted stock, valued at approximately $29 billion, as an interim compensation package, according to a regulatory filing on Monday. This move comes six … Read more
Stocks Tumble as Tariffs and Economic Uncertainty Loom, but History Urges Caution Before Panic August 4, 2025 – U.S. stock markets faced a turbulent week as escalating trade tensions and new tariff policies under President Donald Trump’s second administration rattled investors. The S&P 500 fell 4.2% on Friday, marking its worst daily drop since April … Read more
Top Fed Officials Unswayed by Poor July Jobs Report, Take Wait-and-See Approach to Rate Cuts August 4, 2025 Despite a disappointing July jobs report showing only 73,000 jobs added and significant downward revisions to prior months, top Federal Reserve officials remain steadfast in their cautious approach to interest rate cuts. The report, released by the … Read more
Federal Court Strikes Down Trump’s Tariffs, Threatening U.S. Budget and Trade Agenda Washington, D.C. – May 29, 2025 – In a landmark decision, the U.S. Court of International Trade (CIT) unanimously ruled on May 28, 2025, that President Donald Trump’s sweeping tariffs, imposed under the International Emergency Economic Powers Act (IEEPA), were unconstitutional, dealing a … Read more
The term “Great Wealth Transfer” refers to the massive shift of wealth from Baby Boomers and the Silent Generation to younger generations—primarily Gen X, Millennials, and Gen Z—over the next two decades. Estimates suggest $84 trillion in assets, including cash, equities, and real estate, will be passed down by 2045, with $72 trillion going to … Read more