Author: cyrus
US economy shrank 0.5% between January and March, worse than 2 earlier estimates had revealed
The U.S. economy contracted by 0.5% in the first quarter of 2025, a significant downward revision from the previously estimated 0.2% decline. This marks the [more…]
Tech optimism is reaching 1999 levels — but with a few key differences
Tech optimism in 2025 is reaching levels reminiscent of the 1999 dot-com boom, but there are significant differences that suggest a more grounded and sustainable [more…]
Stock market today: Dow, S&P 500, Nasdaq climb as Trump eyes naming a replacement for Fed’s Powell
U.S. stocks are experiencing upward momentum today, buoyed by investor optimism surrounding potential interest rate cuts and speculation about President Trump’s plans to replace Federal [more…]
Trump gets closer to naming his pick to replace Powell as Fed chair
President Donald Trump is reportedly moving closer to naming a successor to Federal Reserve Chair Jerome Powell, potentially as early as September or October 2025, [more…]
Gas Prices Expected to Fall Through 2025–26 as Oil Costs Decline—What It Means for Consumers
Key Points Current Situation On June 24, 2025, oil prices have been sinking, but gasoline prices at the pump are not dropping as much, leaving [more…]
Is JetBlue partner with United Airlines?Is United Airlines merging with JetBlue?Who is JetBlue going to partner with?
Key Points Current SituationSpirit Airlines has asked the U.S. Transportation Department to block a proposed partnership between JetBlue Airways and United Airlines. This partnership, known [more…]
What kind of insurance is Prudential?Is Prudential still an insurance company?Who bought out Prudential insurance?
Key Points Current Move Prudential Financial’s PGIM is combining its fixed income and private credit units to create a credit platform valued at nearly $1 [more…]
Trump-Brokered Israel-Iran Ceasefire Holds Amid Tensions, Markets React with Optimism
Key Points Current Oil Price Drop Oil prices have fallen significantly following the Iran-Israel truce announced by Trump. Brent crude dropped to $68.74, and WTI [more…]
Apple Faces Backlash for Pushing F1 Movie Promo via iPhone Wallet Notification
Key Points Current Situation On June 24, 2025, some iPhone users received a push notification from the Apple Wallet app, promoting a $10 discount on [more…]
Mark Rutte Called ‘Flatterer-in-Chief’ After Praising Trump in Private Text
Key Points Overview Mark Rutte, the NATO Secretary-General, was exposed as overly flattering toward U.S. President Donald Trump in a private message, which Trump shared [more…]