The U.S. economy contracted in the first quarter as tariffs caused importers to surge shipments before higher levies took effect. The Commerce Department’s Bureau of Economic Analysis (BEA) released its third estimate for first quarter gross domestic product (GDP), which found the U.S. economy contracted at an annual rate of…
The Trump administration is pushing back on projections for the so-called “One Big, Beautiful Bill,” arguing the scoring understates the economic growth the bill would fuel and, as a result, projects higher budget deficits. The nonpartisan Congressional Budget Office (CBO), which is responsible for analyzing the cost of legislation moving…
Microsoft is planning another round of cuts at Xbox as part of the tech giant’s ongoing reorganization. Xbox managers are expecting substantial job cuts across the entire group as soon as next week, people familiar with the matter told Bloomberg. This marks the fourth time Microsoft downsized its gaming division…
President Donald Trump slammed Federal Reserve Chairman Jerome Powell on Wednesday as the head of the central bank testified before a Senate panel. “I think he’s terrible,” Trump said in response to a question from a reporter during a press conference at the NATO summit in The Hague, Netherlands.Trump reiterated…
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FICO said on Monday that it is going to incorporate buy now, pay later (BNPL) data into credit scores as…
The global oil market is a point of major focus after the U.S. attacked three key Iranian nuclear sites on…
When you hear the name Aflac, you, probably like me, hear the quacking duck from their commercials. Unfortunately, however the…
Chip Paucek had been the CEO of a company (U2, Inc.) which had failed under some negative circumstances. Paucek is…
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Iran threatened to attempt to close one of the world’s most important shipping lanes for oil in response to the U.S. joining Israel in attacking Iranian nuclear facilities, but U.S. energy production would limit the impact of such a move on the American economy. Iranian state…
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Let’s talk about energy dividends because, well, you know why. But let’s not chase the headlines. Let’s focus on energy “toll collectors” that…
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Whether your workspace is located in an office building or within your own home, the way you design it can have a direct…
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Dispatches from SuperReturn Berlin and the Inovia VC Summit “It was the best of times, it was the worst of times.” On the…
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Retirement remains top of mind for many Americans, whether they are approaching their so-called “golden years” or have many years to go before leaving the workforce. How much money a person needs to have saved to retire without financial stress is an important consideration in the retirement preparation process, and…
News of a personnel change at the top has caused shares in housebuilder Berkeley Group to sink in end-of-week trading. At £38.52 per share, the FTSE 100 company was last dealing 7.2% lower on Friday. Berkeley – which focuses on home construction in London and the South East of England…
Oil prices climbed over 4% on Tuesday as the Iran-Israel conflict raged with no end in sight, with Brent crude futures reaching a six-month high of $74/bbl. This latest spike underscores a fundamental economic reality: oil remains the lifeblood of global commerce, and its price volatility continues to be one…
Dan Gilbert is one of those rare individuals who has had a huge impact on a large community. I began to understand his philosophy listening to a fascinating interview he gave at the Summit conference in Detroit I attended earlier this month. Detroit had really seen better days when it…
Right now, it feels like there’s a new product launch every hour. You can’t blame people. The tools are all there. With AI, you can spin up a landing page, write copy, generate a logo, create a promo video, even build a semi-working MVP. You can go from idea to…
The U.S. had new millionaires emerge at quite a clip last year. UBS said its Global Wealth Report, released Wednesday, found America gained more than 379,000 new millionaires in 2024. It notched the biggest increase in new millionaires “in absolute growth terms” out of the dozens of markets that UBS looked at…
The Senate’s draft budget bill would cut Medicaid for older adults and people with disabilities even more deeply than the House version. It would scrap a Biden-era minimum staffing rule for nursing homes. And, at the same time, it drops a House proposal to increase tax-free savings that higher-income households…
The history of modern retail is often the history of the people who founded the companies that became household names. As such, you might say that many legendary, successful brands have souls or a set of basic principles that somehow outlast their founders. It also follows that there is often…
The new EY Global Generations Report 2024, based on a survey of over 22,000 individuals across 22 countries, offers critical insights into the evolving ambitions and workplace expectations of Gen Z (those born between 1997-2007). Inside a challenging job market, where both employers and students are questioning the value of…
Recently, a series of studies have been analyzing and identifying the richest cities in states across the country. Some of the most recent studies have included the wealthiest cities in Indiana, Montana, Oregon, Washington state, among others. It was decided to keep going with this Pacific Northwest trajectory and analyze…
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