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JPMorgan Chase CEO Jamie Dimon offered a candid and sobering view of the challenges facing the United States and the world during a conversation at the Reagan National Defense Forum. In a wide-ranging discussion, Dimon outlined his biggest concerns—from the state of U.S. governance to the fragility of global alliances—and warned of a massive realignment … Read more
Costco Wholesale Corporation has reported robust financial results for the third quarter (12 weeks) and the first 36 weeks of fiscal 2025, ended May 11, 2025. The retailer posted an 8.0% year-over-year increase in net sales for the quarter, reaching $61.96 billion, compared to $57.39 billion in the same period last year. Net sales for … Read more
Ulta Beauty, Inc. has reported better-than-expected earnings for the first quarter ended May 3, 2025, propelling its stock up 9% in pre-market trading and contributing to an 18% surge over the past week. The beauty retailer delivered a solid performance with notable beats on both revenue and earnings per share (EPS), reflecting continued strength in … Read more
White House Stay to Maintain Tariff Measures :A recent court ruling has dealt a major blow to the U.S. administration’s trade agenda, throwing a cloud of uncertainty over its future strategy on tariffs. While the ruling challenges the use of tariffs under the International Emergency Economic Powers Act (IEEPA), it does not mark the end … Read more
U.S Pending Home Sales Drop Sharply: Pending home sales in the U.S. saw a significant decline in April, falling 6.3% from March, according to the latest data. This drop was much steeper than the flat growth Wall Street had been expecting. Compared to April last year, pending sales were down 2.5%. U.S Pending Home Sales … Read more
US Q1 GDP Data: US Real gross domestic product (GDP) decreased at an annual rate of 0.2 percent in the first quarter of 2025 (January, February, and March), according to the second estimate released by the U.S. Bureau of Economic Analysis. In the fourth quarter of 2024, real GDP increased 2.4 percent. US Q1 GDP Data: … Read more
Elon Musk Steps Down:In a surprising turn of events, Elon Musk has announced his departure from the U.S. government, concluding a turbulent chapter as head of the Department of Government Efficiency. Once one of Donald Trump’s most prominent campaign supporters and a key figure within the administration, Musk revealed on social media that his role … Read more
SpaceX Starship Flight 9 Fails: In what marks the third consecutive setback for Elon Musk’s SpaceX, Starship Flight 9 ended in failure after crashing over the Indian Ocean just 30 minutes post-launch. The 123-meter mega rocket lifted off from SpaceX’s Starbase facility in Texas but lost control mid-flight and disintegrated before completing its objectives. SpaceX … Read more
US Fiscal Deficit:The growing fiscal deficit in the United States is emerging as a major concern for global investors, raising questions about the long-term stability of equity markets around the world. Financial experts are warning that the combination of escalating national debt, trade tensions, and tariff uncertainties is creating a climate of apprehension, shaking investor … Read more
North Korea Condemns Trump led Golden Dome Missile Shield:Tensions are flaring again on the Korean Peninsula, as North Korea has issued a strong condemnation of US President Donald Trump’s newly announced “Golden Dome” missile defense project. In a memorandum released by Pyongyang’s foreign ministry, the system was labeled a “very dangerous threatening initiative” that endangers … Read more