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Investments and Business

Trump bickers with Powell over Fed renovation costs

Trump and Powell argue over Fed renovation spending

Albert T. Gudmonson

Tensions have once again surfaced between former President Donald Trump and Federal Reserve Chair Jerome Powell—this time, over the projected expenses associated with modernizing the Federal Reserve’s infrastructure. As discussions…

Tesla continues its financial downturn even after Elon Musk's White House exit

Investments and Business

Tesla maintains financial losses despite Elon Musk leaving the White House

Albert T. Gudmonson

Tesla, which was once the undeniable frontrunner in the electric vehicle (EV) industry, is presently encountering a challenging financial phase. Despite attempts by its CEO Elon Musk to disassociate from…

S&P 500 notches record high close on optimism about trade deals

Investments and Business

S&P 500 ends at record high close on trade agreement optimism

Albert T. Gudmonson

The U.S. stock market marked a significant milestone as the S&P 500 index reached a record high close, driven largely by renewed confidence in international trade negotiations. Investor sentiment appeared…

This congressman wants to ban companies from using your search history to set personalized prices

Investments and Business

Congressman pushes to prohibit companies from using your search history to determine personalized prices

Albert T. Gudmonson

As digital commerce continues to evolve, a new legislative proposal is drawing attention to how companies handle consumer data. A U.S. congressman has introduced a bill aimed at curbing the…

Jul

Investments and Business

Tariff Hit of $1.1 Billion Shrinks GM Profits

Albert T. Gudmonson

General Motors (GM), a leading global car manufacturer, has recently experienced a marked decline in its profit margins. This decrease was primarily driven by the economic consequences of tariffs, especially…

Mike Lynch’s Estate Hit by 0 Million-Plus Court Order

Investments and Business

Mike Lynch’s Estate Impacted by $900 Million-Plus Court Order

Albert T. Gudmonson

British technology entrepreneur Mike Lynch has been ordered by a U.K. court to pay more than $900 million in damages, marking a significant development in a lengthy legal saga that…

Investments and Business

Beef prices are the new egg prices. They’re soaring

Albert T. Gudmonson

Consumers at grocery stores are encountering price surprises once more—this time not near the eggs, but at the meat section. The cost of beef has noticeably increased in the past…

Why China is betting on theme parks like Legoland to boost spending

Investments and Business

Theme parks like Legoland: China’s new approach to ramp up spending

Albert T. Gudmonson

In a bid to stimulate domestic consumption and revitalize its services sector, China is turning to a perhaps unexpected source of economic momentum: theme parks. From global brands like Legoland…

Comcast’s Peacock to raise streaming prices next week and introduce new streamlined tier

Investments and Business

Price hike coming to Comcast’s Peacock next week alongside new streamlined tier

Albert T. Gudmonson

Peacock, is adjusting its pricing and testing a fresh subscription option as it continues to evolve its offerings in a competitive digital entertainment landscape. Beginning July 23, the cost of…

‘Crypto week’ is a turning point, for better or worse

Investments and Business

‘Crypto week’ signals a transformation, for better or for worse

Albert T. Gudmonson

In a pivotal week for cryptocurrency policy in the United States, lawmakers in Washington pushed forward a series of high-impact legislative proposals aimed at defining the regulatory landscape for digital…