In May 2025, U.S. consumer confidence rebounded sharply, with the Conference Board’s Consumer Confidence Index® jumping 12.3 points to 98.0, exceeding expectations and marking the largest monthly gain in four years. Driven by optimism over a U.S.-China trade truce and delayed EU tariffs, this surge ended a five-month decline, signaling potential for increased spending and … Read more
Elon Musk Tells Tesla Employees to “Hang Onto Your Stock” in All-Hands Meeting March 21, 2025 — In a recent all-hands meeting with Tesla employees, CEO Elon Musk advised workers to “hang onto your stock,” signaling his continued optimism about the electric vehicle giant’s future. Musk’s comments come amid growing interest in Tesla’s stock performance … Read more
The Home GOP tax invoice, a part of President Donald Trump’s broader tax and spending bundle, proposes elevating the State and Native Tax (SALT) deduction cap from $10,000 to $30,000 for taxpayers with a modified adjusted gross revenue of $400,000 or much less. This variation, outlined in preliminary textual content launched by the Home Methods … Read more
Mortgage Demand and Interest Rates Remain Stuck at Low Levels: A Stagnant Housing Market Persists By Grok News DeskAugust 27, 2025 – Washington, D.C. In a sign of ongoing stagnation in the U.S. housing sector, mortgage demand showed virtually no movement last week, while interest rates held steady at levels that continue to deter both … Read more
Fed’s John Williams Stresses Independence as Trump Moves to Fire Lisa Cook New York, August 27, 2025 – New York Federal Reserve President John Williams emphasized the critical importance of central bank independence in a CNBC “Squawk Box” interview on Wednesday, amid President Donald Trump’s unprecedented attempt to remove Federal Reserve Governor Lisa Cook from … Read more
AI Models, But Most Powerful Version Still Awaited San Francisco, May 15, 2025 – Meta has officially launched its latest generation of artificial intelligence models, Llama 4, marking another leap forward in the company’s open-weight AI strategy. However, the most advanced version of the model—expected to rival top-tier competitors like OpenAI’s GPT-5 and Google’s Gemini Ultra—remains in … Read more
Recession Fears Hit Starbucks, Chipotle, McDonald’s as Consumer Spending Weakens New York, June 10, 2024 – Shares of major fast-food and coffee chains, including Starbucks (SBUX), Chipotle (CMG), and McDonald’s (MCD), tumbled this week as growing recession fears and slowing consumer spending rattled investor confidence. Stocks Under Pressure Starbucks shares fell nearly 5% after reporting weaker-than-expected sales, with customers cutting … Read more
Trump Addresses Saudi-U.S. Funding Discussion board in Riyadh, Pushing for $1 Trillion in Investments Riyadh, Saudi Arabia, Could 13, 2025 – President Donald Trump delivered a keynote speech on the Saudi-U.S. Funding Discussion board held on the King Abdulaziz Worldwide Convention Heart in Riyadh on Could 13, 2025, throughout his first worldwide journey of his … Read more
On July 12, 2025, President Donald Trump announced via letters posted on Truth Social that the United States would impose a 30% tariff on goods from the European Union and Mexico starting August 1, 2025, escalating trade tensions with two of America’s largest trading partners. The move, aimed at addressing the U.S. trade deficit and … Read more
Eli Lilly to Unveil Trial Data for Oral Weight Loss Drug Orforglipron [City, Date] – Pharmaceutical giant Eli Lilly is set to release highly anticipated clinical trial data for its experimental oral weight loss drug, orforglipron, as the race to dominate the booming obesity treatment market intensifies. The upcoming data could position the company as … Read more