Recent data from the University of Michigan’s consumer sentiment survey paints a grim picture of Americans' economic outlook. Released on Friday, the survey revealed a sharp decline in consumer sentiment, with the index dropping to 57.9, the lowest level since...
On Wednesday, major U.S. markets found themselves teetering on the line between gains and losses as investors digested the latest economic signals from the Federal Reserve. The uncertainty stemmed largely from a significant shift in the market’s expectations...
Coca-Cola (KO) saw a significant uptick in stock value recently following positive remarks from the company’s CFO, John Murphy. Speaking during the company’s fourth-quarter earnings call, Murphy addressed concerns about rising aluminum prices, stating that while the...
President Donald Trump has directed the Treasury Department to halt the production of new pennies, calling the continued minting of the one-cent coin "wasteful." On Sunday night, Trump posted on his Truth Social platform that the cost of producing each penny exceeds...
In the latest twist of President Donald Trump’s trade policy, the announcement that he intends to impose a 25% tariff on steel and aluminum imports has led to a surge in U.S. steelmaker stocks. The move, which is intended to protect U.S. manufacturing industries,...
In a surprising turn of events, President Donald Trump has decided to pause the new 25% tariffs set to begin Tuesday on goods entering the United States from Mexico. The decision comes after Mexican President Claudia Sheinbaum agreed to deploy 10,000 soldiers to the...
US markets took a significant hit on Monday following the announcement of new tariffs by the Trump administration, expected to take effect on Tuesday. The tech-heavy Nasdaq Composite (^IXIC) plummeted over 2%, marking a sharp downturn, while the broader S&P 500...
American Airlines stock (AAL) took a significant hit following a tragic mid-air collision between an American Airlines flight operated by its subsidiary, PSA Airlines, and a US Army Black Hawk helicopter over the Potomac River. The crash, which occurred Thursday...
The Federal Reserve is widely expected to hold interest rates steady at its upcoming FOMC meeting, following a series of three consecutive rate cuts at the end of 2024. Central bank officials are signaling that the current policy stance is appropriate for now, as they...
In the third quarter of 2024, a series of concerning trends in U.S. consumer credit card usage have emerged, according to a recent report from the Philadelphia Federal Reserve. As rising interest rates and inflationary pressures continue to weigh on households, the...
Recent data from the University of Michigan’s consumer sentiment survey paints a grim picture of Americans' economic outlook. Released on Friday, the survey revealed a sharp decline in consumer sentiment, with the index dropping to 57.9, the lowest level since...
Nikola Corporation (NKLA), the company once hailed as a pioneer in hydrogen fuel and battery-powered trucks, experienced a sharp decline in its stock price on Wednesday following a bankruptcy filing in the United States. This comes on the heels of its founder, Trevor...
On Wednesday, major U.S. markets found themselves teetering on the line between gains and losses as investors digested the latest economic signals from the Federal Reserve. The uncertainty stemmed largely from a significant shift in the market’s expectations...