A federal judge temporarily halted Paramount Skydance’s proposed acquisition of Warner Bros. Discovery on July 20, after California and 11 other states challenged the $110 billion transaction under antitrust law. U.S. District Judge Araceli Martínez-Olguín issued a 14-day restraining order, finding the states had raised serious questions about competitive harm...
Starbucks has filed a Worker Adjustment and Retraining Notification with Washington state, announcing plans to lay off 224 corporate and remote employees tied to its Seattle headquarters, with separations scheduled from October 19 to November 1, 2026 . The filing reveals that over 100 of the affected employees declined relocation...
Ray Dalio has renewed his warning that the United States could face a debt crisis within about three years, plus or minus two years, if fiscal policies remain unchanged. In a Friday LinkedIn post, the Bridgewater Associates founder said the government is projected to collect about $5.5 trillion and spend...
U.S. business activity accelerated in August to its fastest pace since April 2022, propelled by a strong expansion in the services sector that offset manufacturing headwinds caused by Middle East conflict. According to S&P Global’s flash purchasing managers' index released Friday, the composite output index rose to 56.0 from 54.5...
Bitcoin rallied past seventy thousand dollars, logging its strongest weekly gain in over three years following a major market intervention by the United States Treasury Department. Treasury Secretary Scott Bessent announced that the department will double its long term bond buyback operations to at least four billion dollars per issue,...
U.S. private sector business activity accelerated in August to its highest level in 52 months, propelled by a robust rebound in the services sector that successfully offset a manufacturing slowdown. S&P Global reported that its flash composite purchasing managers index climbed to 56 from 54.5 in July. Chris Williamson, chief...
TikTok and its parent company ByteDance agreed to pay $400 million to resolve a Department of Justice lawsuit alleging violations of federal children's online privacy laws. The DOJ announced the agreement on Friday, marking one of the largest recoveries ever obtained under the Children's Online Privacy Protection Act. Filed initially...
President Donald Trump announced a temporary waiver of out of quota tariffs on ground beef imports to combat soaring grocery inflation. Writing on Truth Social, Trump stated the United States will permit up to 300,000 metric tons of ground beef to enter duty free for a ninety day period. The...
Fannie Mae has dismissed at least ten senior executives at its Washington headquarters, marking another wave of leadership turnover under Federal Housing Finance Agency Director Bill Pulte. The terminations affected core divisions, including economic research, multifamily finance, regulatory affairs, and public communications. Industry sources attribute the abrupt workforce reductions partly...
Bitcoin climbed to roughly $77,000 on Aug. 21, extending a weekly rally of about 22% and putting the cryptocurrency on track for its strongest week since March 2023. Bloomberg reported the rally followed the Treasury’s Aug. 19 announcement that long-dated bond buybacks would at least double, while President Donald Trump...
