President Trump's threatened 50% tariffs on the European Union, higher than the current 30% on China, have been delayed until July 9th following a call with EU President von der Leyen. Analysts viewed the initial announcement with skepticism, noting Trump's use of "recommendation" and history of backtracking on tariff...
Federal Reserve Chairman Jerome Powell, a Princeton graduate in politics, revealed in his Baccalaureate address that he initially found economics "boring and useless." His post-graduation experience included working in a warehouse, followed by law school and a career in investment banking and government. He joined the Federal Reserve...
Over 100,000 Entergy customers in New Orleans and surrounding areas experienced a power outage Sunday afternoon due to a "load shed" initiated by the grid operator, MISO, to prevent a larger blackout. The outage, impacting the East Bank of New Orleans, Metairie, St. Bernard, and Plaquemines Parish, was intentional...
Elon Musk is stepping back from his government advisory role with the DOGE office to concentrate on Tesla, SpaceX, and xAI. This decision follows criticism from marketing professor Scott Galloway, who attributed Tesla's plummeting brand ranking to Musk's political involvement, particularly his support for Trump and his association with...
Bitcoin's price has pulled back, encountering resistance near $108,300 and support between $106,700 and $107,000. A brief surge to $107,671 was followed by a sharp reversal. Technical analysis indicates Bitcoin is in a compression zone between fair value gaps, with a potential move towards $112,000 if bulls reclaim...
A $150,000 Powerball ticket was sold at Lucky Choice in Columbus, Ohio. The ticket matched four numbers, the Powerball, and the PowerPlay multiplier. The winning numbers were 12, 18, 28, 48, 52, and the Powerball was 5. The jackpot of $163 million went unclaimed, and the next...
Sergey Brin donated nearly $700 million in Alphabet Inc. shares to three philanthropic organizations. The largest recipient was Catalyst4, a nonprofit Brin founded focusing on central nervous system disease research and climate change solutions. The donation comprised a mix of Alphabet Class A and Class C stock, with...
Boeing will avoid prosecution in a US Justice Department deal over two 737 MAX crashes that killed 346 people in 2018 and 2019. The deal involves Boeing admitting to obstructing federal aviation officials and paying $1.1 billion in fines. While some victims' families support the agreement, others strongly criticize...
McDonald's is shutting down its CosMc's spinoff, five alien-themed locations, after just two years. Launched in 2023 to compete with specialty beverage chains, CosMc's offered customizable drinks and snacks but failed to gain traction. McDonald's cited recent sales declines and a desire to focus on its core business....
President Trump announced a "planned partnership" between U.S. Steel and Nippon Steel, seemingly approving a deal previously blocked. While details remain unclear, the agreement will keep U.S. Steel's headquarters in Pittsburgh and involve significant Japanese investment. Trump's statement suggests a compromise, allowing for foreign investment while maintaining U.S....
