Corporate news, financial markets, and economic trends
Amazon’s new AI shopping assistant, Rufus, is expected to bring in over $700 million in indirect profits this year by helping people shop smarter and faster. Here’s how this smart tech is changing the way we buy online. Meet Rufus: Amazon’s New Shopping Buddy Imagine having a personal shopper available 24/7, one who understands what…
In a dramatic shift that’s rattling the global economy, former President Donald Trump has proposed a wave of hefty new tariffs on imports to the U.S. His plan? A flat 10% tax on all imports—with much steeper rates aimed at rivals like China (54%) and the European Union (20%). This bold move is meant to…
Newsmax, the right-leaning cable news network, has had a rollercoaster ride in the stock market after its recent initial public offering (IPO). Following an unprecedented spike in its stock price in the first two days of trading, the firm suffered a sharp decline, leaving investors and market analysts stunned by the volatility. Unprecedented Surge and…
A major standoff has ensued between former Facebook executive Sarah Wynn-Williams, the U.S. Senate, and Meta Platforms. Senator Josh Hawley revealed that Wynn-Williams will testify under oath publicly before a judiciary subcommittee next week. Nevertheless, her lawyer argues that Meta has taken judicial action to keep her quiet from speaking to Congress. Wynn-Williams, Facebook’s former…
In March 2025, the Eurozone saw a decline in annual inflation, with levels falling to 2.2% from the previous month’s 2.3%, Eurostat’s advance data revealed. This is the second straight month of decelerating inflation, which brings the rate closer to the European Central Bank’s (ECB) 2% target. Breakdown of Inflation Components Several factors were responsible…
Germany, the biggest economy in Europe, is showing signs of renewal that can have a positive impact on the global economic landscape. Recent events, such as policy reforms and a recovery in manufacturing, indicate a possible turnaround for the country commonly seen as Europe’s economic engine. Manufacturing Sector Indicates Signs of Recovery In March, Germany’s…
In a show of strength, US stock markets erased earlier declines to finish higher on Monday, with investors preparing for President Donald Trump’s upcoming announcement of new tariffs, due on April 2. This move has been unofficially referred to as “Liberation Day” by market players. Market Performance The Dow Jones Industrial Average rose by 1%,…
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…
