The US Federal Reserve is starting an important two-day meeting to discuss the country’s economic situation. Policymakers are gathering at a time when rising tensions in the Middle East and ongoing trade policies are creating uncertainty. The Fed is expected to keep interest rates steady, but new data on retail sales and factory output could […] More
The Trump family has entered the mobile phone industry by introducing a new service called Trump Mobile, along with a premium smartphone priced at $499. The announcement was made at Trump Tower in New York, marking another business expansion under the Trump Organization. The service will operate using existing networks from major US wireless carriers, […] More
The bond market is changing as investors grow less confident that the Federal Reserve will cut interest rates sharply this year. Many had hoped for big rate cuts, but now those expectations are fading. Because of this, fewer people are willing to invest in long-term U.S. government bonds, also known as Treasuries. Instead, they are […] More
Nissan Motor Company is planning to lower its ownership in its long-time partner Renault, according to Nissan’s CEO Ivan Espinosa. This move is part of the company’s strategy to free up funds for developing new vehicles, especially as the auto industry faces tough competition and changing market demands. The news was first reported by a […] More
In a surprising move, Luca de Meo, the well-known CEO of Renault, has decided to leave the French car company to take on a new role outside the automotive industry. Reports suggest he will soon become the new chief executive of Kering, the luxury fashion group that owns famous brands like Gucci, Yves Saint Laurent, […] More
The Washington Post is currently dealing with a serious cyberattack that compromised the Microsoft email accounts of several journalists. Reports suggest that foreign hackers may be behind this breach, raising concerns about press freedom and national security. The Wall Street Journal first broke the news, revealing that the attack was discovered recently, and an investigation […] More
The financial markets are facing a tense situation as two major events are making investors nervous—the growing conflict between Israel and Iran and the widespread protests in the US against former President Donald Trump. These events have caused uncertainty, leading many investors to move their money into safer options rather than taking risks. Over the […] More
A U.S. court has decided to extend the pause in the legal battle between Nippon Steel and the government, giving both sides more time to finalize their agreement. The case involves Nippon Steel’s plan to buy U.S. Steel, a major American steel company. The court has asked for updates by June 20 before moving forward. […] More
McDonald’s, the famous fast-food chain, has settled a major lawsuit filed by media entrepreneur Byron Allen. The lawsuit, which demanded $10 billion, accused McDonald’s of not spending enough on advertising with Black-owned media companies. The case claimed that McDonald’s was unfairly excluding these businesses from its advertising budget, which Allen called “racial stereotyping.” The settlement […] More
Tesla has recently announced some exciting updates for its Model S and Model X vehicles in the United States. Along with these upgrades, the company has also increased the prices of both models by $5,000. This change affects all versions of these luxury electric cars, making them slightly more expensive than before. The price adjustment […] More