Tag: social media

Inflation remains a concern as President Trump grapples with rising prices and the Federal Reserve's decision to halt interest rate cuts. Despite indicators suggesting a decline, the threat of tariffs and deportation lingers, causing market uncertainty and consumer expectations of higher inflation.

Published on: February 01, 2025, 06:00 PM UTC

Bill Ackman, owner of investment firm Pershing Square, is moving his management company to Nevada.

Published on: February 01, 2025, 05:00 PM UTC

Costco and Teamsters Union reach tentative agreement, avoiding a strike. The new contract, covering 18,000 workers in six states, is pending member approval.

Published on: February 01, 2025, 03:00 PM UTC

The American Dream of homeownership is becoming increasingly unattainable as rising mortgage rates and home prices push the median homeowner's income spending on housing to a near-historic 42%. First-time homebuyers are getting older, with the median age now at 38, and many are opting to rent instead of buying due to affordability concerns. Experts cite a shortage of homes on the market and stagnant wage growth as the primary drivers of this trend, leaving many Americans locked out of homeownership and its potential for equity and wealth building.

Published on: February 01, 2025, 02:00 PM UTC

Ukraine's drone attacks target Russian oil refineries, raising concerns about fuel production

Published on: February 01, 2025, 01:01 PM UTC

Morgan Stanley's CIO says interest rates may be in the optimal range for markets, supporting corporate earnings while managing inflation.

Published on: February 01, 2025, 05:00 AM UTC

Archer-Daniels-Midland (ADM) to lay off employees amid low crop prices and global grain glut, impacting operations in the United States and other regions.

Published on: January 31, 2025, 11:00 PM UTC

Brinker International's Chili's restaurant chain has seen explosive growth with 348% stock gain over the past year. CEO Kevin Hochman attributes the success to value marketing and investments in higher-quality food, including upgraded chicken, crispier bacon, and fresh guacamole. Plans for continued sales momentum include reinvented ribs, softer fajita shells, new menu items, and Turbochef ovens for faster food preparation.

Published on: January 31, 2025, 09:03 PM UTC

US stocks fell on Friday after the White House announced tariffs against Mexico, Canada, and China would take effect on Saturday, reigniting trade war fears. The Dow Jones Industrial Average dropped 0.5%, the S&P 500 lost 0.2%, and the Nasdaq Composite gained 0.3%. Other key events include Apple's solid earnings, the Fed's inflation gauge meeting expectations, and the looming threat of Trump's tariff deadline.

Published on: January 31, 2025, 09:03 PM UTC

Meta Platforms explores moving its incorporation outside of Delaware, considering Texas or other states with favorable legal and regulatory environments.

Published on: January 31, 2025, 08:00 PM UTC