The transatlantic relationship between the European Union and the United States stands at a critical juncture as tensions over steel and aluminum tariffs threaten to spiral into a full-blown trade war. With the recent increase of U.S. steel tariffs from 25% to 50% announced by former President Donald Trump
In a move that has sent shockwaves through global markets and diplomatic channels, President Donald Trump announced yesterday the doubling of steel tariffs from 25% to 50%, effective immediately. The announcement, made during a rally in Pennsylvania—the heart of America's steel country—represents one of the most
As federal and state authorities prepare for a high-stakes regulatory showdown, energy giant Williams Companies has officially petitioned to resurrect its twice-rejected Northeast Supply Enhancement (NESE) pipeline project, potentially altering New York's energy landscape for decades to come. The May 29 filing with the Federal Energy Regulatory Commission
As Gap Inc. celebrates its fifth consecutive quarter of positive comparable sales, a shadow looms over the retail giant's future. The company's impressive first-quarter performance for fiscal 2025 has been eclipsed by concerns about newly implemented U.S. tariffs that threaten to erode between $250-300 million
In a dramatic escalation of a decades-long family business conflict, Market Basket's board of directors has placed CEO Arthur T. Demoulas on administrative leave, igniting concerns among employees and customers about the future of the beloved New England supermarket chain. The move comes amid allegations of financial misconduct
A nationwide outbreak of Salmonella Montevideo linked to contaminated cucumbers has claimed seven lives and sickened at least 28 people across 18 states, according to the latest reports from federal health officials. The contamination has been traced to Bedner Growers, Inc., a Florida-based agricultural operation, prompting an urgent recall and
In a dramatic showdown that has sent ripples through financial markets worldwide, Federal Reserve Chair Jerome Powell delivered an uncharacteristically blunt defense of the central bank's independence following a high-stakes meeting with President Donald Trump at the White House yesterday. The confrontation marks a significant escalation in tensions
As the summer housing season heats up, America's mortgage market finds itself in a precarious equilibrium that's reshaping homeownership patterns across the nation. After years of volatility, mortgage rates have settled into what industry insiders are calling a "new normal" – hovering persistently below but
A routine American Airlines flight from Hartford to Chicago transformed into a scene of chaos on May 27, 2025, when a passenger allegedly removed his shirt, began shouting for help, and became physically aggressive toward flight attendants. The incident, which forced an emergency landing and resulted in federal charges, represents
As the world races toward an AI-driven future, three companies have emerged as the architects of a new digital utility that promises to be as essential to the 21st century as electricity was to the 20th. With global spending on AI infrastructure projected to surpass $200 billion by 2028, NVIDIA,
In the shadow of persistent high mortgage rates and evolving market dynamics, Americans are forging new paths to homeownership through innovative financing strategies and shifting geographic preferences. As traditional routes to purchasing homes remain challenging for many, a new landscape of opportunity and adaptation is emerging—one that may reshape
The U.S. economy officially entered contraction territory in the first quarter of 2025, marking a significant shift after nearly four years of post-pandemic growth. According to data released today by the Bureau of Economic Analysis (BEA), real gross domestic product declined at an annual rate of 0.2% in
The U.S. housing market continues to demonstrate remarkable resilience in the face of persistent economic challenges, according to the latest data through May 2025. Despite elevated mortgage rates and affordability concerns, housing demand remains surprisingly robust across key metropolitan areas, with strategic buyers adapting to a market characterized by
In what was heralded as a groundbreaking partnership between two tech powerhouses, Telegram and Elon Musk's xAI were reportedly joining forces to integrate advanced artificial intelligence capabilities across the messaging platform. Industry analysts initially described the collaboration as transformative—potentially worth $300 million in combined cash and equity,
In a digital landscape increasingly dominated by artificial intelligence, a high-profile partnership between two tech titans has descended into public contradiction and regulatory scrutiny. What began as an apparent landmark deal between Elon Musk's xAI and messaging platform Telegram has quickly devolved into conflicting public statements, regulatory concerns,
In a testament to the seemingly unstoppable momentum of artificial intelligence adoption, Nvidia Corp. has once again shattered Wall Street expectations with its fiscal first-quarter results, even as geopolitical tensions threaten to constrain its global reach. The Santa Clara-based chip giant reported $44.1 billion in revenue for the quarter
In what industry experts are calling one of the most significant retail cybersecurity incidents of the year, Victoria's Secret has been forced to shut down its website, mobile app, and portions of its in-store operations following a major security breach that began during the Memorial Day holiday weekend.
In a move that sent ripples through the beauty industry yesterday, e.l.f. Beauty announced its acquisition of rhode, the skincare brand founded by model and influencer Hailey Bieber, for a staggering $1 billion. The transaction, confirmed by multiple financial outlets and the company's own press release,
As millions of Americans prepared for Memorial Day celebrations, executives at Victoria's Secret faced a crisis that would soon ripple through the retail giant's global operations. What began as routine weekend monitoring quickly escalated into a full-scale emergency when security teams detected unusual activity across the
As financial markets navigate increasingly complex economic signals, the Federal Reserve's latest policy decision reflects a delicate balancing act between supporting growth and containing persistent inflation pressures. The central bank's cautious approach signals continued uncertainty about the economy's trajectory in a post-pandemic landscape marked
In a seismic shift that sent ripples through the beauty industry yesterday, e.l.f. Beauty (NYSE: ELF) announced plans to acquire celebrity entrepreneur Hailey Bieber's skincare brand rhode in a deal valued at up to $1 billion. The acquisition, revealed on May 28, 2025, represents one of
In a quarter that showcased both Nvidia's overwhelming dominance and its growing vulnerability to geopolitical tensions, the AI chip giant delivered financial results that once again redefined industry expectations. The company's fiscal Q1 2026 performance revealed a company at the peak of its powers, even as
As traditional retail continues to face mounting pressures, Macy's first quarter results for fiscal 2025 tell a tale of strategic resilience amid declining overall sales. The iconic department store chain reported mixed financial outcomes that beat lowered expectations but still reflect ongoing challenges in the broader retail landscape.
Wall Street closed lower Wednesday despite blockbuster earnings from AI chipmaker Nvidia, as hawkish Federal Reserve minutes and ongoing concerns about U.S.-China trade tensions dampened investor enthusiasm. The tech giant reported another quarter of explosive growth but faced challenges related to export restrictions, highlighting the complex landscape facing