Despite President Donald Trump‘s persistent criticism, Federal Reserve Chairman Jerome Powell is not rushing to cut interest rates. What Happened: Trump has been outspoken on social media, referring to Powell as “Mr Too Late” and “a major loser” for what he sees as a reluctance to ease policy. However, the Fed Chair doesn’t seem to be […]

Apollo Global Management, Inc‘s (NYSE:APO) chief economist warned on Saturday that the odds of a U.S. recession in 2025 are 90%. The Details: Torsten Slok predicts the U.S. will fall into what he labelled a “Voluntary Trade Reset Recession.” He attributed the high risk to the economic impact of President Donald Trump‘s trade and tariff […]

Rivian Automotive Inc. (NASDAQ:RIVN) founder and CEO RJ Scaringe has said the company boasts a “U.S.-centric” supply chain amid Donald Trump‘s 25% tariffs on the auto industry. What Happened: In an appearance on Fox Business, the CEO shared that Rivian’s vehicles are manufactured locally in the U.S. at a facility in Normal, Illinois. He went […]

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), and Jack Dorsey, co-founder of Twitter (currently X) as well as Square, now called Block Inc. (NYSE:XYZ), have ignited a debate over intellectual property rights. The tech magnates have suggested a complete eradication of IP laws, a move that has stirred controversy in the tech industry. What Happened: Dorsey […]

In its most recent move to tackle unregulated migration, the Trump administration has reclassified over 6,000 living immigrants as deceased and disabled their Social Security numbers. This move strips them of their work eligibility and pushes them to leave the country. What Happened: According to Time Magazine, immigrants’ names were moved into a federal death-tracking […]

Bitcoin’s (CRYPTO: BTC) sharp decline has sparked renewed debate: is Bitcoin truly a risk asset, or is it evolving into a safe haven? What Happened: Prominent Bitcoin investor Scott Melker analyzed the price action in his “Macro Monday” podcast, joining a panel of financial analysts that dissected the crash triggered by President Trump’s aggressive tariff […]

A report indicated that new tariff policies could lead to increased costs for American households, while President Donald Trump continues to advocate tariffs as a solution to U.S. trade deficits What Happened: A Yale budget lab report suggests that U.S. households will face increased costs due to these tariffs. Families are projected to face an average additional […]

Microsoft Corp (NASDAQ:MSFT) has paused discussions and postponed the development of sites in Indonesia, the U.K., Australia, Illinois, North Dakota and Wisconsin, Bloomberg reported, citing unnamed sources familiar with the matter. The stock is trading lower on Friday amid President Donald Trump’s semiconductor tariff announcements. Microsoft recently dumped negotiations to lease space between London and Cambridge […]