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Investments and Business

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$2.5 billion Fed renovation showcased — right before Trump’s tour

Albert T. Gudmonson

The Federal Reserve has offered a rare glimpse into its ongoing $2.5 billion renovation project, a major overhaul of its historic headquarters in Washington, D.C. The unveiling comes just days…

Treasury Secretary Scott Bessent calls for a review of 'the entire' Federal Reserve

Investments and Business

Federal Reserve faces scrutiny as Treasury Secretary Scott Bessent demands review

Albert T. Gudmonson

In a development sparking considerable debate among financial and political groups, U.S. Treasury Secretary Scott Bessent has urged a comprehensive evaluation of the Federal Reserve’s organization, decision-making procedures, and policy…

Investments and Business

King meets Modi after India-UK trade deal signed

Albert T. Gudmonson

After the recent finalization of an important trade deal between India and the United Kingdom, a diplomatic discussion occurred between the King and Indian Prime Minister Narendra Modi. This meeting,…

Trade deal on US tariffs within reach, says EU, as 1 August deadline nears

Investments and Business

Trade deal talks on US tariffs near completion as 1 August deadline looms

Albert T. Gudmonson

As we approach August 1, significant advancements seem to be occurring in the trade discussions between the United States and the European Union. Representatives from both parties have suggested that…

Trump bickers with Powell over Fed renovation costs

Investments and Business

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…

Goldman Sachs is getting worried about the economy

Investments and Business

Goldman Sachs highlights risks in the economy

Albert T. Gudmonson

In a notable shift from its previously steady tone, Goldman Sachs has begun to express growing caution about the direction of the global economy. The influential investment bank, known for…

Investments and Business

Scott Bessent pushes for examination of the entire Federal Reserve as Treasury Secretary

Albert T. Gudmonson

Starmer and Modi sign £6bn India-UK trade deal

Investments and Business

Starmer and Modi secure £6bn India-UK trade agreement

Albert T. Gudmonson

The United Kingdom and India have entered into a new era of economic cooperation, as Prime Minister Keir Starmer and Indian Prime Minister Narendra Modi formalized a landmark trade agreement…

Irish government reveals how Apple tax windfall will be spent

Investments and Business

Apple tax windfall: Irish government outlines allocation

Albert T. Gudmonson

The Irish administration has revealed its plans for distributing the multi-billion-euro tax windfall obtained from Apple, an outcome of significant controversy that has attracted worldwide attention. The money, originating from…

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…