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President Trump to Fire Jerome Powell:U.S. President Donald Trump has once again called on the Federal Reserve to cut interest rates. Speaking on Thursday, he reiterated his dissatisfaction with the Fed’s current stance on monetary policy and hinted that a decision on the next Fed Chair will be coming soon. This comes as Jerome Powell’s … Read more
Donald Trump May Sell His Tesla Car: In a dramatic fallout between allies, Donald Trump and Elon Musk’s relationship hits a roadblock. The future of Trump’s symbolic Tesla Model S remains uncertain amidst public feuds, stock fluctuations, and statements from the Musk family. Donald Trump May Sell His Tesla Car Not too long ago, the … Read more
US Jobs Report: The latest US jobs report has sparked diverse interpretations among economists and market strategists, reflecting a complex labor market scenario amid ongoing economic uncertainty. Michael Gapen, Chief US Economist at Morgan Stanley, and Phil Orlando, Chief Equity Strategist at Federated Hermes, recently discussed these nuances in detail. US Jobs Report Data The … Read more
Trump vs Elon Musk:Amid rising tensions between U.S. President Donald Trump and tech billionaire Elon Musk, the future of NASA’s manned space missions briefly teetered on the edge. Musk recently announced that SpaceX would begin decommissioning its Crew Dragon spacecraft — a critical element in ferrying astronauts to and from the International Space Station (ISS) … Read more
Trump and Xi Reignite Trade Talks:In a high-stakes phone call on Thursday, U.S. President Donald Trump and Chinese President Xi Jinping agreed to resume trade negotiations aimed at ironing out persistent disagreements, particularly concerning rare earth material supply and tariffs. This development came just a day after Trump publicly stated that striking a deal with … Read more
Elon Musk vs Donald Trump:In a surprising turn of events, Elon Musk and U.S. President Donald Trump have publicly parted ways, marking a dramatic end to a once close political partnership that many believed was tenuous from the start. What began as a powerful alliance between two of the most influential figures in the world … Read more
Trump Administration Suspends Visas for Harvard Foreign Students:In a dramatic escalation of its battle with elite academic institutions, the Trump administration has announced a sweeping six-month ban on foreign students enrolling at Harvard University. The move comes just hours after Education Secretary Linda McMahon threatened to strip Columbia University of its academic accreditation, accusing it … Read more
Elon Musk vs Trump: A major political rift has surfaced in Washington as President Donald Trump’s sweeping new spending bill—described by him as a “big, beautiful bill”—faces strong and unexpected opposition from billionaire entrepreneur Elon Musk. What began as a friendly rapport between the two powerful figures turned into a public conflict that has captivated … Read more
Donald Trump Slams Xi Jinping:In yet another aggressive move on the global trade front, U.S. President Donald Trump has intensified his ongoing tariff battle with China, creating fresh tensions that are reverberating across international markets. This latest escalation comes as Trump openly criticized Chinese President Xi Jinping in a recent post on Truth Social, calling … Read more
Wells Fargo has reached a pivotal milestone as the regulatory asset cap that had restricted its growth since the fallout of its fake accounts scandal has finally been lifted. In an interview with the business channel, CEO Charlie Scharf discussed what this means for the bank, the journey leading up to this moment, and how … Read more