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Category: Economy

Trump says Nippon will invest heavily in U.S. Steel rather than purchase the company
Economy

Trump says Nippon will invest heavily in U.S. Steel rather than purchase the company

February 7, 2025

"They'll be looking at an investment rather than a purchase," President Donald Trump said at a news conference with Japanese…

Musk to rehire Treasury DOGE staffer behind racist posts after Trump endorses idea
Economy

Musk to rehire Treasury DOGE staffer behind racist posts after Trump endorses idea

February 7, 2025

Marko Elez was on the DOGE team formed by Elon Musk and tasked by President Donald Trump with cutting federal…

Here’s where the jobs are for January 2025 — in one chart
Economy

Here’s where the jobs are for January 2025 — in one chart

February 7, 2025

Health care and retail were strong areas for the U.S. economy in January. ...

Consumer inflation fears spike in February as tariff worries hit sentiment
Economy

Consumer inflation fears spike in February as tariff worries hit sentiment

February 7, 2025

Respondents expect the inflation rate a year from now to be 4.3%, a 1-point jump from January and the highest…

Economy

Ford beats earnings expectations but forecasts tougher year ahead

February 6, 2025

Ford Motor beat Wall Street's top- and bottom-line expectations for the fourth quarter but forecast a tougher year ahead for…

Economy

MicroStrategy unveils new name, reports accelerated bitcoin purchases in fourth quarter

February 6, 2025

The largest corporate holder of bitcoin said it's almost halfway to its $42 billion capital raising goal after it went…

Bristol Myers Squibb plans $2 billion in cost cuts by 2027, issues weak guidance
Economy

Bristol Myers Squibb plans $2 billion in cost cuts by 2027, issues weak guidance

February 6, 2025

The company also issued a 2025 guidance that fell short of expectations, as some of the company's older drugs face…

Peloton posts better than expected holiday sales thanks in part to Costco
Economy

Peloton posts better than expected holiday sales thanks in part to Costco

February 6, 2025

Peloton has shifted its focus to boosting profitability at the expense of growing sales by cutting marketing and other administraitive…

Eli Lilly posts mixed quarter even as demand for weight loss, diabetes drugs soars
Economy

Eli Lilly posts mixed quarter even as demand for weight loss, diabetes drugs soars

February 6, 2025

The results were consistent with the preliminary results Eli Lilly shared in January, which disappointed investors. ...

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Crypto World

1
Cryptocurrency

Solana network and DeFi activity suggest SOL price rally will continue

May 13, 2025

Key takeaways:Solana's $10.9 billion TVL surpassed the entire Ethereum layer-2 ecosystem.Solana’s 30-day fee revenue ($43.4 million) rose 109% compared to the previous month.SOL’s 8% funding rate shows healthy leverage demand from bulls.Solana’s native token SOL…

2
Cryptocurrency

Coinbase invests in Canadian stablecoin issuer

May 13, 2025

Coinbase has partnered with Canadian stablecoin issuer Stablecorp in a bid to expand access to tokenized Canadian dollars, a company executive told Cointelegraph during the Blockchain Futurist Conference in Toronto.According to Coinbase Canada's CEO, Lucas…

3
Cryptocurrency

CoinShares Q1 net profit falls to $24M

May 13, 2025

CoinShares, a digital asset investment firm with offices in the United States and Europe, said its net profit fell to $24 million in the first quarter of 2025, a 42.2% decrease from the same period…

4
Cryptocurrency

US lawmakers call for change in corporate digital asset taxes

May 13, 2025

Two US senators are calling on Treasury Secretary Scott Bessent to “exercise [the department’s] authority” and change a provision affecting taxes on corporate holdings of digital assets.In a May 12 letter, Senators Cynthia Lummis and…

Economy

Economy

Chuck Schumer to block Trump DOJ nominees over Qatari jet

May 13, 2025
Economy

Annual inflation rate hit 2.3% in April, less than expected and lowest since 2021

May 13, 2025
Economy

Microsoft laying off about 6,000 people, or 3% of its workforce

May 13, 2025
Economy

Trump says U.S. will remove all sanctions on Syria

May 13, 2025
Economy

White House announces $600 billion Saudi investment in U.S. during Trump visit

May 13, 2025
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