Author: cyrus
Fed’s Powell says dollar swap lines remain important tool
Key Points Powell’s StatementOn July 1, 2025, Jerome Powell, Chairman of the Federal Reserve, stated that dollar swap lines remain an important tool for global [more…]
Job openings hit highest level since November 2024
Key Points Job Openings Surge In May 2025, job openings in the United States hit 7.769 million, marking the highest level since November 2024, when [more…]
Powell isn’t taking a July rate cut off the table for Fed
Key Points Powell’s Stance Jerome Powell, the Federal Reserve Chairman, has indicated that a rate cut in July 2025 is not off the table. During [more…]
Gold Rises With Trump’s Tax Bill Seen Widening US Deficits
Key Points Gold Price Surge On July 1, 2025, gold prices reached a record high of $3,341.80 per ounce, reflecting a 1.17% increase from the [more…]
Solar Firms Surge as Senate Drops Excise Tax From Trump Bill
Key Points Stock Market Reaction On July 1, 2025, solar firms experienced a significant stock surge following the U.S. Senate’s decision to remove an excise [more…]
Senate Passes Trump Megabill, Drops Solar Excise Tax; Solar Firms Surge While Renewable Energy Faces Setbacks”
Key Points Stock Market ReactionOn July 1, 2025, solar firms saw significant stock price increases following the Senate’s decision to remove an excise tax on [more…]
Senate Republicans Pass Trump’s ‘Big Beautiful’ Tax Bill: Medicaid, SNAP Cuts, and Impact on Clean Energy, Rural Hospitals
Key Points Passage and VoteOn July 1, 2025, at 11:56 AM PDT, the US Senate passed the “One Big Beautiful Bill Act” with a 50-50 [more…]
The electric Hummer is almost outselling the F-150 Lightning
Key Points 2024 Sales FiguresIn 2024, the Ford F-150 Lightning sold 33,510 units, while the GMC Hummer EV (including both pickup and SUV variants) sold [more…]
US Narrows Trade Focus as Major Tariff Deals Emerge with EU, Canada, Mexico, and Japan
Key Points Tariff Deadline and Strategy President Trump is focusing on securing mini trade deals before the July 9, 2025, deadline to reimpose tough tariffs, [more…]
S&P 500, Nasdaq Pull Back as Tesla Stock Reacts to Musk’s Criticism of Trump’s Tax Bill
Key Points Stock Market Overview As of 11:33 AM PDT on July 1, 2025, the S&P 500 stands at 6,192.43, reflecting a decline of 0.20% [more…]