Category: News
Intel’s new CEO explores a big shift in the chip manufacturing business
Key Points Background Intel, a leading semiconductor company, has faced challenges recently, posting a net loss of $18.8 billion in 2024, its first unprofitable year [more…]
China Races to Challenge US Dollar Dominance with Stablecoin Push and New Regulations in Hong Kong
Key Points Overview China is making strides in stablecoin development, particularly through Hong Kong, to enhance the yuan’s international role. This move is seen as [more…]
Paramount Settles Trump’s ‘60 Minutes’ Suit for $16 Million
Key Points Settlement Details Paramount Global, the parent company of CBS News, has agreed to pay $16 million to settle Trump’s lawsuit related to edits [more…]
Senate Passes Trump’s Sweeping Tax and Immigration Bill: Cost Estimates, Impact on 2025 Tax Cuts and Spending
Tax Provisions The bill extends and expands various tax cuts, including making the 2017 Tax Cuts and Jobs Act provisions permanent, eliminating taxes on tips [more…]
Fed Stress Test Results Clear Path for US Banks; JPMorgan and Wells Fargo Announce Dividend Increases and Share Repurchase Plans
Market Overview Following the release of the 2025 Federal Reserve stress test results on June 27, 2025, the largest US banks have begun announcing increases [more…]
Stock market today: Dow, S&P 500, Nasdaq futures rise as Trump’s tax bill heads to House
Key Points Market Overview As of early Wednesday, July 2, 2025, stock futures for the Dow, S&P 500, and Nasdaq are showing gains, aligning with [more…]
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…]