Corporate news, financial markets, and economic trends
The United States economy is experiencing the symptoms of stagflation—slow growth and inflation—according to recent economic reports. A poll of 14 economists by CNBC forecast only 0.3% growth for the first quarter of 2025, a steep fall from the 2.3% growth seen in the previous quarter. This is the weakest performance since 2022, when the…
World financial markets are holding their breaths as American stock futures fall ahead of new tariffs to be imposed this week. The Dow Jones Industrial Average futures fell about 180 points (0.4%) Sunday night, as S&P 500 and Nasdaq-100 futures fell about 0.7% and 1.2%, respectively. President Donald Trump declared that the 25% tariff on…
President Donald Trump has proclaimed April 2 as “Liberation Day,” marking the beginning of a sweeping tariff policy to mitigate the United States’ dependence on foreign products and counterbalance trade deficits. The program brings on board “reciprocal” tariffs that will counter the import duties levied by foreign nations on U.S. products. The most affected sectors…
Following the U.S. government’s recent implementation of a 25% tariff on foreign automobiles, Ferrari is planning to raise prices on certain models it sells in the United States by as much as 10%. This price hike will help to partly mitigate the economic effect of the new tariffs on the luxury carmaker. The price hike…
President Donald Trump’s recent application of a 25% duty on foreign vehicles, light trucks, and automobile parts is about to have a huge effect on the U.S. automotive sector, resulting in increased car prices and fewer options for consumers. Impact on Vehicle Prices Industry analysts predict that these tariffs will result in price increases ranging…
In an effort to expand its presence in the United States, Hyundai Motor Company has unveiled plans to invest $21 billion between 2025 and 2028. The key investment is aimed at deepening Hyundai’s production strength, enhancing car manufacturing, and stimulating innovation in new technology in the U.S. Boost in U.S. Production Capacity Most of this…
Previous U.S. Treasury Secretary Janet Yellen has joined the global advisory board of Pacific Investment Management Co. (PIMCO), a leading fixed-income investment manager. The move is intended to tap Yellen’s rich experience in economic policy and financial markets for direction on PIMCO’s investment strategies as global economic conditions change. Yellen’s illustrious career spans her service…
Alabama’s economy saw tremendous growth in 2024, as Governor Kay Ivey announced over $7 billion in fresh capital investment across 224 projects, resulting in the creation of more than 8,500 jobs across the state. This impressive expansion highlights Alabama’s emergence as a hub for business development and innovation. Governor Ivey proudly stated, “Alabama’s economy is…
On March 25, 2025, House Financial Services Committee Chairman, Representative French Hill, stressed the need for inclusive capital markets that benefit all Americans. Testifying at a hearing on the economic growth function of capital markets, Hill emphasized supporting firms throughout their lifecycle and increasing investment opportunities for retail investors. The Need for Inclusive Capital Markets…
Starbucks and Peanuts have partnered to launch an exclusive collaboration that honors kindness, community, and coffee. The partnership introduces “Joe Kind Snoopy,” a new character of the iconic Peanuts character, Snoopy, designed exclusively for this campaign. The collaboration includes a series of limited-edition merchandise, drinks, and community activities, all aimed at inspiring and encouraging acts…
