US first-quarter GDP: Economy shrank 0.5% amid trade policy uncertainty

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…

Trump administration challenges CBO deficit projections for tax bill

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 plans more Xbox job cuts next week

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…

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Why We Keep Fixing The Wrong Problem In Business

Barbara Wittmann leads the Digital Wisdom Collective, where timeless wisdom meets modern tech. Transforming how leaders innovate. This weekend, we turned on our garden sprinklers for the first time this season. As with almost every spring over the past seven years, a mysterious wet patch appeared on the lawn. Without…

How To Calculate The ROI Of Your ERP Implementation

Shiv Kaushik is Chairman & CEO of ICCG, a global business provider of Infor CloudSuite ERP M3 & Acumatica Cloud ERP. In my experience, enterprise resource planning (ERP) systems are among the most substantial investments a company can make. They’re also among the most misunderstood. CFOs and CIOs routinely approve…

Peter Schiff warns of stagflation for US economy

Euro Pacific Asset Management Chief Economist Peter Schiff voiced some criticism of the Federal Reserve and sounded the alarm about the economy during an appearance Wednesday on “The Claman Countdown.”  Schiff’s comments on the show came not long after the Federal Open Markets Committee (FOMC) wrapped up its latest meeting…

Why Long-Term Bonds Are A Fit For These Investors Right Now

Bonds, especially long-term bonds, have taken headline hits recently. Last month it was the Moody’s credit rating downgrade, recently it was President Trump’s sweeping tax bill. Major outlets from Bloomberg to The New York Times have published stories that could lead many investors to steer away from long-term bonds. In…

Build An Authoritative Personal Brand On LinkedIn Without Oversharing

You don’t need to post selfies or share personal struggles to win on LinkedIn. The LinkedIn algorithm rewards value, not vulnerability, despite the state of your LinkedIn home feed today. Introverts build massive followings by focusing on frameworks, methods, and results without the emotional oversharing that makes most professionals cringe.…

The Secret Weapon Small Businesses Are Overlooking: Local Broadcast

Jennifer Acree, founder and CEO of JSA+Partners, a strategic comms firm working with consumer tech, digital media and gaming companies. In today’s social-first-driven media landscape, business owners are understandably focused on TikTok virality, influencer partnerships and paid social campaigns. But there’s one powerful growth channel many aren’t considering, and it…

5 Ways To Outsmart Today’s Most Costly Online Fraud

If it feels like financial scams are getting worse, that’s because they are. In 2024 alone, Americans lost a staggering $12.5 billion to fraud—up $2.5 billion from the year before, according to the Federal Trade Commission. With scammers growing more sophisticated by the day, protecting your identity and money is…

It’s Not Weak Leadership To Change Your Mind

Shayne Fitz-Coy is the cofounder of Sabot Family Companies, a long-term investment company founded in 2016 in Stanford, California. Not to sound too “kids these days,” but I find that many young managers who have made a poor decision resist revisiting that choice, even when doing so would clearly be…

Oil could hit 0 per barrel if Israel-Iran conflict disrupts supply

If the escalating conflict between Israel and Iran significantly cuts supply in the global oil market, prices could surge to as much as $120 a barrel due to a potential threat to a significant shipping lane, according to industry experts. The price of West Texas Intermediate, a key crude oil…