President Trump met with Federal Reserve Chair Jerome Powell on Thursday to discuss economic conditions, but they did not talk about future monetary policy, the Fed said. Trump, however, criticized Powell for not cutting interest rates, which he claims puts the U.S. at an economic disadvantage. This was their first meeting since Trump began his second term. Powell emphasized that the Fed’s policy decisions will … Continue reading Fed Chair Powell met with Trump at the White House

India’s economy grew 7.4% year-on-year in the March quarter of 2025, surpassing expectations and marking the fastest pace of growth for the fiscal year. This was driven by strong domestic consumption and limited export dependence, despite global economic uncertainty and U.S. trade tensions. The Reserve Bank of India cut interest rates to 6% to support growth and may cut rates again. India’s full-year growth hit … Continue reading India’s economy grew by faster-than-expected 7.4% in the March quarter

Japan’s Nippon Steel is set to finalize its $55-per-share acquisition of U.S. Steel, after President Trump cleared the deal, calling it a “partnership.” Nippon plans to invest $14 billion over 14 months, with U.S. Steel’s headquarters staying in Pittsburgh. The deal was initially blocked by President Biden over national security concerns, but Trump ordered a new review. U.S. Steel’s board will have a U.S. majority, … Continue reading Japan’s Nippon expected to close acquisition of U.S. Steel at $55 per share

Southwest Airlines is ending its long-standing “two bags fly free” policy on Wednesday, introducing fees of $35 for the first checked bag and $45 for the second, except for certain travelers like top-tier loyalty members and those with Southwest credit cards. The change, part of a broader shift in the airline’s business model under pressure from activist investors, also includes launching basic economy tickets with … Continue reading Southwest Airlines will start charging $35 for a checked bag

Trump Media announced it raised $2.5 billion from institutional investors to fund one of the largest bitcoin treasury allocations by a public company, marking a major shift from a social platform to a financial services player. The company plans to buy $1.5 billion in common stock and $1 billion in convertible notes to invest in bitcoin, which will be held with Anchorage Digital and Crypto.com. … Continue reading DJT shares fall 10% as Trump Media says it’s raising $2.5 billion to buy bitcoin

Trump Media announced it raised $2.5 billion from institutional investors to fund one of the largest bitcoin treasury allocations by a public company, marking a major shift from a social platform to a financial services player. The company plans to buy $1.5 billion in common stock and $1 billion in convertible notes to invest in bitcoin, which will be held with Anchorage Digital and Crypto.com. … Continue reading DJT shares fall 10% as Trump Media says it’s raising $2.5 billion to buy bitcoin

McDonald’s is shutting down all its CosMc’s locations, including the original Bolingbrook site, starting in late June. Launched in December 2023, CosMc’s featured customizable drinks like the Churro Frappé and was designed as a “launchpad for learning.” Despite drawing long lines, McDonald’s will now use insights from the pilot to test new beverages at regular locations, Fox 32 has reported. The CosMc’s app will also … Continue reading McDonald’s to close all CosMc’s locations

BYD’s shares fell as much as 8.25% Monday after the company cut prices on 22 electric and hybrid models, including slashing the Seagull hatchback price by 20% and the Seal sedan by 34%. The price cuts, effective until June, sparked a surge in dealership foot traffic but also raised concerns of a price war in China’s auto sector. Other automakers’ shares, including Geely, Great Wall, … Continue reading China’s BYD sees shares plunge 8% as EV maker cuts prices

President Trump announced a delay of a planned 50% tariff on EU imports until July 9, following a phone call with European Commission President Ursula von der Leyen, who requested more time for negotiations. The move temporarily eased market concerns, with Asian stocks posting modest gains. Trump previously threatened to impose the tariffs on June 1, following an earlier 20% tariff on the EU, CNN … Continue reading Trump delays 50% EU tariffs until July 9

Nike plans to raise prices on some apparel and equipment by June 1 in response to President Trump’s tariffs, which fully resume on July 8 after a 90-day pause. Tariffs on Vietnam, where Nike produces much of its goods, are currently at 10%, while China faces 30%. Price increases will range from $2 to $10, with shoes over $150 rising by $10. However, prices for … Continue reading Nike to raise prices over Trump tariffs

Target’s efforts to revive sales are faltering, with Q1 revenue falling more than expected and full-year sales now projected to decline. The company blamed weak consumer spending, economic concerns, and the impact of customer boycotts related to its handling of LGBTQ+ and DEI issues. Comparable store sales dropped 3.8%, and transaction volume also declined. Target’s stock fell 3.5%, and the company cut its annual forecast. … Continue reading Target sales drop in 1st quarter and retailer warns they will slip for all of 2025

U.S. stocks fell sharply as details of the White House’s tax plan raised inflation concerns. The Dow dropped 704 points (1.7%), the S&P 500 lost 1.2%, and the Nasdaq slipped 1%. Investors fear higher bond yields and borrowing costs due to rising deficits and tariffs. The 30-year bond yield rose to 5.09%, USA Today has reported. Oil prices dipped, gold rose nearly 1%, and Bitcoin … Continue reading Dow Fall More Than 800 Points, Bitcoin Touches New High

Southwest Airlines will require passengers to keep power banks and portable chargers visible during flights starting May 28, citing safety concerns over lithium-ion battery fires. Devices can no longer be used while stored in bags or overhead bins. The airline is the first U.S. carrier to adopt such a policy, joining some international airlines like those in South Korea, ABC News has reported. The move … Continue reading Southwest will no longer allow portable batteries to be stored in passenger bags

Google has launched a new $249.99/month subscription service called Google AI Ultra, offering exclusive access to its most advanced AI tools. Announced at Google I/O, the plan includes the Gemini AI app with DeepThink mode, early access to experimental tools like the Veo 3 video generator and Project Mariner, 30TB of storage, and YouTube Premium. Aimed at power users, it competes with OpenAI’s $200/month ChatGPT Pro … Continue reading Google launches $250 per month ‘VIP’ AI subscription service

The FDA has announced a recall of cucumbers grown by Bedner Growers, Inc. and distributed by Fresh Start Produce Sales, Inc. due to a multistate Salmonella outbreak that has sickened at least 26 people across 15 states. The cucumbers, distributed since April 29, may be unlabeled or sold in various packaging. Nine people have been hospitalized. The FDA urges consumers, retailers, and restaurants to discard … Continue reading Cucumbers recalled after more than 20 people sickened in Salmonella outbreak

Two major U.S. cable companies, Charter Communications (Spectrum) and Cox Communications, announced a $34.5 billion merger to better compete amid rising cord-cutting and wireless competition. The combined company aims to strengthen broadband and service offerings as customers leave traditional pay-TV for cheaper streaming. Charter’s stock rose over 6% on the news. The new company will be named Cox Communications, headquartered in Stamford, Connecticut, with a … Continue reading Two of America’s largest cable companies are merging

Wells Enterprises, maker of Blue Bunny and Halo Top ice cream, has voluntarily recalled nearly 18,000 containers of ice cream and frozen yogurt due to possible plastic contamination. The recall, announced April 25, affects 22 flavors in 3-gallon tubs distributed across over 100 U.S. centers, including Iowa, Michigan, Illinois, and Texas, with use-by dates from March to October 2026. The FDA classified it as a … Continue reading Nearly 18,000 containers of ice cream recalled for potential plastic contamination

The New Jersey Transit rail strike ended Sunday after the Brotherhood of Locomotive Engineers and Trainmen and NJ Transit reached a tentative agreement. Train service will fully resume Tuesday, with commuters urged to work from home Monday as the system undergoes safety checks and preparations. The strike, the first in over 40 years, involved 450 engineers who walked off over pay disputes, halting trains that … Continue reading NJ Transit strike comes to an end with agreement between union and managers

NJ Transit engineers began their first strike in over 40 years at 12:01 a.m. Friday, halting rail service for 350,000 commuters after contract talks over higher wages failed. The Brotherhood of Locomotive Engineers and Trainmen rejected NJ Transit’s latest offer, with 87% voting against it. Both sides say they’re ready to resume negotiations, with new talks set for Sunday involving federal mediators, NBC 4 New … Continue reading No NJ Transit trains running as engineers strike for first time since 1983

U.S. consumer sentiment dropped to 50.8 in May—its second-lowest level on record—as worries about inflation and tariffs grew, according to a University of Michigan survey. Short- and long-term inflation expectations both rose, with nearly 75% of respondents citing tariffs as a concern. The survey was mostly completed before the U.S. and China announced a 90-day tariff pause, which may affect future sentiment, CNBC has reported. … Continue reading Consumer sentiment slides to second-lowest on record

Moody’s downgraded the U.S. credit rating on Friday, citing rising debt, growing interest payments, and inadequate revenue, marking the last major rating agency to strip the U.S. of its top-tier status. The move, seen as a blow to the Trump administration, comes amid GOP debates over extending Trump’s 2017 tax cuts and growing fiscal deficits. Moody’s warned that current proposals won’t reverse long-term budget problems. … Continue reading Moody’s downgrades US credit, citing rising debt

Burberry plans to cut up to 1,700 jobs—nearly 20% of its global workforce—by 2027 as part of a cost-cutting strategy following a £66 million loss last year. Most cuts will affect head office staff, mainly in the UK, and night shifts at its Castleford factory will be eliminated. The company aims to save £100 million annually by improving efficiency across operations, procurement, and real estate, … Continue reading Burberry to cut 1,700 jobs as designer suffers heavy losses

Nvidia and AMD have partnered with Saudi AI firm Humain to supply chips for a massive AI data center project backed by Saudi Arabia’s Public Investment Fund. The $10 billion initiative aims to establish the Kingdom as a global AI leader by deploying 500MW of computing power over five years, including tens of thousands of Nvidia GPUs and AMD-based systems. The first phase includes an … Continue reading Nvidia and AMD partner with Humain to develop AI data centres

Egg prices dropped 12.7% in April—the first decline in months—after surging due to a historic avian flu outbreak that has affected 168 million birds since 2022. Prices had spiked to over $6 a dozen in March but fell to about $5.12 in April, still far above the $2.86 seen last year. The crisis became a major political issue during the 2024 election, with then-candidate Trump … Continue reading Egg prices decline for first time in months

U.S. stocks surged Monday after the U.S. and China agreed to a 90-day pause on tariffs, easing trade war fears. The S&P 500 jumped 3.3%, the Dow gained over 1,100 points, and the Nasdaq rose 4.3%, with Big Tech stocks like Nvidia, Amazon, Apple, and Tesla leading the rally. The U.S. will slash tariffs on Chinese goods from 145% to 30%, while China will cut … Continue reading Dow jumps 1,100 points, S&P 500 and Nasdaq surge after US-China tariff rollback