Breaking: Scott Bessent to Remain IRS Commissioner Under Trump – Taxpayers Brace for Changes In a surprise move that’s sending ripples through Washington, Treasury Secretary Scott Bessent will keep his grip on the IRS as commissioner, even as the Trump administration rolls out a new CEO to handle daily operations. This dual-role decision could reshape … Read more
DeepSeek OpenAI tops seems to be rising rapidly regardless of rising competitors. DeepSeek OpenAI – The San Francisco-based tech firm had 400 million weekly energetic customers as of February, up 33% from 300 million in December, the corporate’s chief working officer, Brad Lightcap, instructed CNBC. These numbers haven’t been beforehand reported. Lightcap pointed to the … Read more
Stock Market Crash Not Part of Trump’s Economic Plan, Advisors Clarify Washington, D.C. – Amid growing market volatility and concerns over former President Donald Trump’s proposed economic policies, his campaign advisors have firmly dismissed speculation that a stock market crash is part of his strategy, calling such claims “baseless fearmongering.” Market Jitters Over Trump’s Policy Proposals Recent … Read more
In 2025, index funds, lengthy a cornerstone of passive investing, are going through their most vital problem in many years resulting from a risky inventory market and a resurgence of actively managed funds. This shift is pushed by financial uncertainties, together with commerce wars, tariffs, and market corrections, which have disrupted the regular progress that … Read more
Fed Governor Miran Denies Sharing Rate Vote Plans with Trump Amid Independence Scrutiny Fresh off his controversial confirmation and lone dissent in the Federal Reserve’s latest rate cut, new Governor Stephen Miran is pushing back against whispers of White House meddling. In a pointed CNBC interview on Friday, September 19, 2025, Miran flatly stated he … 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
Here’s Why Banks and Credit Card Companies Are Wary of Buy Now, Pay Later Loans Buy now, pay later (BNPL) loans have exploded in popularity, letting shoppers split purchases into easy installments without interest on many plans. But as these services from companies like Affirm, Klarna, and Afterpay grab market share, traditional banks and credit … 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
Southwest’s Bag Fees and Other Changes Could Backfire, Fitch Warns Dallas, April 3, 2025 – Southwest Airlines’ recent overhaul of its customer-friendly policies—including new checked bag fees, assigned seating, and a basic economy fare—may jeopardize its financial recovery and market position, according to a cautionary report from Fitch Ratings released Wednesday, April 2. The credit … Read more
DOGE financial savings – U.S. President Donald Trump speaks subsequent to Elon Musk and X Æ A-12, Musk’s son, throughout the Oval Office of the White House in Washington, D.C., U.S., February 11, 2025. Elon Musk on Tuesday talked about he’ll contact base with President Donald Trump on a proposal to ship Individuals tax refund checks … Read more