The second day of the NJ Transit strike, which began on Friday, saw railroad operations significantly disrupted as locomotive engineers continued their walkout. On the afternoon of Saturday, May 17, representatives from NJ Transit and the Brotherhood of Locomotive Engineers and Trainmen (BLET) union returned to the negotiating table for several hours in an effort […]
NEW YORK – In a move that has intensified investor worries about the United States’ fiscal health, Moody’s Ratings on Friday cut its credit rating on the U.S. government by one notch. The decision follows similar actions by Fitch in 2023 and Standard & Poor’s in 2011, making Moody’s the last of the major ratings […]
A Walmart store in Martinez, California, US, on Tuesday, Feb. 4, 2025. Walmart Inc. is scheduled to release earnings figures on February 20. Photographer: David Paul Morris/Bloomberg via Getty Images
Walmart, the world’s largest retailer, recently reported fiscal first-quarter results that saw it surpass analysts’ expectations for earnings, even as sales slightly missed estimates. The Bentonville, Arkansas-based discounter announced adjusted earnings per share of 61 cents against expectations of 58 cents, based on a survey of analysts by LSEG. However, revenue came in at $165.61 […]
Key Points Resignation Announcement The Reserve Bank of New Zealand (RBNZ) announced on March 5, 2025, that Governor Adrian Orr will step down from his role on March 31, 2025. His departure comes three years before the end of his second five-year term. The central bank did not provide a specific reason for his decision […]
IntroductionA U.S. judge has denied Elon Musk’s request to block OpenAI from becoming a for-profit company. However, Musk can continue with other parts of his lawsuit against the company and its CEO, Sam Altman. Musk’s Legal Battle Against OpenAI Judge’s Ruling on Musk’s Request Musk’s Offer to Buy OpenAI OpenAI’s Response Future Legal Steps ConclusionThe […]
IntroductionChina has set an ambitious economic growth target of around 5% for 2025. This comes as the country faces rising trade tensions with the United States. The announcement was made during the National People’s Congress (NPC), where Premier Li Qiang emphasized China’s determination to overcome challenges. China’s Economic Goals US-China Trade War Escalates Economic Challenges […]
Overview The U.S. stock market took a major hit on Monday after President Donald Trump confirmed that new tariffs on Canada and Mexico will start on Tuesday. This decision led to a sharp decline in stock prices, making it the worst trading day of the year so far. Key Market Reactions Trump’s Announcement Global and […]
Introduction United States President Donald Trump has announced the creation of a “Crypto Strategic Reserve,” which will include five major cryptocurrencies. This decision has caused a sharp rise in cryptocurrency prices and could significantly impact the financial landscape. Key Points of the Announcement Market Reaction Following the announcement, cryptocurrency prices surged: What This Means for […]
China’s manufacturing activity grew at its fastest pace in three months, driven by increased orders from foreign buyers rushing to beat upcoming U.S. tariffs. Here’s a summary of the key details: Key Points: Economic Outlook: Conclusion: China’s manufacturing sector has shown signs of recovery, but the looming trade tensions with the U.S. could dampen growth. […]
Elon Musk, the billionaire entrepreneur behind Tesla and SpaceX, has expanded his family once again. His partner, Shivon Zilis, recently confirmed the birth of their fourth child, named Seldon Lycurgus. This new addition marks Musk’s 14th child overall, following reports that influencer Ashley St. Clair also had his child five months ago. Musk and Zilis […]
