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Moody’s Downgrades U.S. Credit Rating Over Deficit Concerns
Full Story Moody’s stripped the U.S. of its last triple-A credit rating on Friday, pointing to…
May 16, 2025
Economy
Federal Reserve Announces 10% Staff Reduction Plan
Full Story The Federal Reserve plans to cut its staff by 10%, according to an internal…
May 16, 2025
Hassett Challenges Deficit Hawks on Economic Growth
Full Story National Economic Council Director Kevin Hassett criticized deficit hawks for opposing a bill, arguing…
May 16, 2025
Trump Administration Denies Seeking Control Over Federal Reserve
Full Story The Trump administration stated it is not pursuing authority over the Federal Reserve, addressing…
May 16, 2025
Recession Odds Drop to 36% as Trump Secures Trade Deals
Full Story The odds of a U.S. recession have fallen to 36% on Polymarket, down from…
May 16, 2025
Economic Boom Predicted from Trump’s Major Bill
Full Story National Economic Council Director Kevin Hassett predicts that a major legislative bill will pass…
May 15, 2025
U.S. Wholesale Prices Drop 0.5% in April Despite Trump’s Tariffs
Full Story U.S. wholesale prices fell by 0.5% in April, marking the largest decline in five…
May 15, 2025
Kraft Heinz to Invest $3 Billion in U.S. Manufacturing Sector
Full Story Kraft Heinz announced a $3 billion investment in U.S. manufacturing, signaling confidence in the…
May 14, 2025
Microsoft Cuts Thousands of Jobs to Streamline Management
Full Story Microsoft is laying off thousands of employees worldwide to reduce management layers, the company…
May 13, 2025
Microsoft Cuts Nearly 3% of Workforce in Largest Layoff Since 2023
Full Story Microsoft initiated layoffs affecting nearly 3% of its global workforce on Tuesday, marking its…
May 13, 2025
U.S. Inflation Dips to 2.3% Ahead of Expected Tariff-Driven Rise
Full Story U.S. inflation fell slightly to 2.3% in April, offering a brief reprieve before anticipated…
May 13, 2025
Goldman Sachs Cuts U.S. Recession Odds to 35% in Forecast
Full Story Goldman Sachs, a $2.8 trillion asset manager, has reduced its U.S. recession probability forecast…
May 12, 2025