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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Last month, the U.S. House of Representatives passed a budget reconciliation package that includes hundreds of billions in dollars to cuts in Medicaid that are projected to leave millions of Americans without health insurance. The majority of these cuts will come from more stringent work requirements mandating that Medicaid recipients…
Every day you don’t find ways of monetizing your expertise with passive revenue streams, someone with half your knowledge makes twice your income. They package mediocre insights into products that thousands of people buy, while you struggle with perfectionism and don’t publish anything. They’re not smarter than you. They just…
The Treasury Department will need to refinance nearly one-third of the more than $36 trillion in debt owed by the federal government, which serves as a backdrop to President Donald Trump’s repeated calls for the Federal Reserve to cut interest rates. A report by the Treasury’s Office of Debt Management for…
If you scroll through Instagram stories these days, you might notice something: photos of vacations, engagements, and kids’ birthdays are giving way to targeted ads. They’re not there just to spam you—they actually work. The old shopping journey looked like this: need → search → buy. Today, that flow has…
The trustees for Social Security and Medicare released their annual report on the status of the entitlement programs’ trust funds, which are expected to be depleted sooner than previously thought. The Social Security and Medicare trustees “found that the Social Security and Medicare programs both continue to face significant financing issues.”Trustees…
Trump Is Different Whether one supports Donald J. Trump or not, his approach as president is notably different, especially when it comes to pardons and commutations. In his first term, Trump issued 143 pardons and 38 commutations, far fewer than Barack Obama. However, in his second term, by June 2025,…
You can’t charge $18 for a mediocre burger anymore and expect to survive, especially with private equity circling. The era of casual dining has come to an end. Nostalgia isn’t enough to keep the doors open, and the cracks are turning into collapses. TGI Fridays just filed for bankruptcy. Jack…
Some people seem to have nothing better to do than add salty comments and share their bad vibes. Trolls are everywhere online. But rather than lose sleep over losers who probably aren’t making money or impact, you can use their words to build your success. Your next viral post might…
President Donald Trump, unhappy with the Federal Reserve for not cutting interest rates, has called Chairman Jerome Powell a “numbskull,” “Mr. Too Late” and referred to him as a “stupid person” before policymakers left interest rates unchanged for the fourth time this year on Wednesday. He has also floated naming…
The National Transportation Safety Board (NTSB) issued an urgent safety recommendation Wednesday to modify jet engines on Boeing’s 737 Max airplanes to prevent smoke from entering the cockpit or cabin in certain scenarios. The warning comes after two incidents involving Southwest Airlines planes equipped with CFM International LEAP-1B engines that…
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