Corporate news, financial markets, and economic trends
Economic Rebound Stretches The economic pace gained a tremendous boost in the first quarter of 2025 as official statistics recorded a 3.4% growth annualized. This is a sharp contrast from the 1.9% growth posted in the last quarter of 2024. Having dipped in performance, this shift is an indicator of new life in economic action and movement. Consumer Expenditure and Investments Drive the Economy…
Russia Marks Kyiv Day With Explosions, Not Celebration Instead of music and fireworks, Ukraine woke up to explosions. Russia launched one of its most brutal attacks yet—nearly 300 drones and over 60 missiles slammed into cities across the country. It happened on Kyiv Day, when people normally celebrate the capital’s culture and resilience. This time,…
In a new legal battle in the media world, Disney has filed a lawsuit against YouTube over the hiring of former Disney executive Justin Connolly. The entertainment giant claims the move violated Connolly’s employment contract and could jeopardize sensitive company information, particularly during crucial negotiations between the two companies. Who is Justin Connolly? Justin Connolly…
Musk Bets Big on GPUs for AI Elon Musk has made it clear: his companies Tesla and xAI will continue to buy thousands of GPUs from chip giants Nvidia and AMD. Why? Because his ambitious artificial intelligence plans—including humanoid robots and giant language models—need the computing power only these chips can deliver. “We expect to…
JPMorgan Chase CEO Jamie Dimon says President Trump’s new tariffs may cause inflation, slow growth, and weaken U.S. global partnerships. A CEO’s Candid Warning At JPMorgan Chase’s annual investor day in New York, CEO Jamie Dimon didn’t hold back. With markets still digesting the impact of President Donald Trump’s sweeping new tariffs, Dimon warned that…
Walmart customers should prepare for higher prices starting this month, as the retail giant responds to new U.S. tariffs impacting imported goods. Why Prices Are Going Up Walmart is making a move that could affect millions of households: raising prices on everyday items. The company says it has no choice but to do this because…
Ford Issues Recall of SUVs Over Sudden Brake Malfunction Picture the scary thought of your car brakes suddenly failing on the highway. Ford is urging some Expedition and Navigator owners to get their SUVs checked because a small brake part could break, causing you to lose power to help stop. It’s a serious safety concern,…
ESPN’s $30 Stream App Aims to Revolutionize Sports Viewing Sports giant ESPN is stepping into the future with a bold new plan: its very own standalone streaming service. Starting this fall, fans will be able to watch all their favorite sports directly through ESPN—no cable subscription required. Two Plans, One Big Goal The streaming platform will…
According to Toyota Motor Corporation’s recent dismal forecast, operating income for the fiscal year ending March 2026 will drop by 21%. This is due to a number of difficult circumstances, including high tariffs, volatile exchange rates, and rising material prices. U.S. Tariffs Take a Brunt One of the biggest weights on Toyota’s bottom line is…
President Trump says a new trade agreement is coming soon, following weeks of global tension and price spikes caused by his sudden tariff hikes. A Mysterious Deal on the Horizon President Donald Trump has surprised the world with news of an upcoming trade deal. Without naming the country, he described it as a “BIG, AND…
