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Economic warning as more than half-million people could leave US this year
Predicted decline in net migration will have impact that one economist said could "spill over into almost every sector of the economy."
Buffett sets alarm bells ringing on Wall St...
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Netflix Profits Surge 45% Off Higher Subscription Prices
Netflix reported stronger than expected second-quarter results Thursday, with profit jumping 45 percent year-over-year as the streaming giant benefited from price increases and a growing advertising business.
Crypto theft is booming as criminals increasingly turn to physical attacks
It comes as there have been multiple headlines this year about crypto entrepreneurs and their relatives being targeted with physical violence.
US Firms Passing Some Cost Hikes To Consumers: Fed Survey
Many US firms passed along "at least a portion of cost increases" to consumers in recent weeks, as businesses faced higher prices linked to President Donald Trump's tariffs, the Federal Reserve said Wednesday.
Debt Rating Downgrade Shakes US
Moody's had been a holdout in keeping U.S. sovereign debt at the highest credit rating possible, and brings the 116-year-old agency into line with its rivals.
104% Tarrifs on China! How will the economy react?
WASHINGTON/BEIJING (Reuters) -The United States said on Tuesday that 104% duties on imports from China will take effect shortly after midnight, even as the administration of President Donald Trump moved to quickly start talks with other trading partners targeted by sweeping tariffs. S&P 500 companies have lost $5.8 trillion in stock market value since Trump's tariff announcement last Wednesday, the deepest four-day loss since the benchmark was created in the 1950s, according to LSEG data.
Tesla in a slump?
Tesla posted its first annual sales drop in more than a dozen years Thursday, undercutting a stock that has soared since Donald Trump’s victory on optimism Elon Musk’s close relationship to the president-elect will help the company. Tesla’s global vehicle sales rose 2.3% in the final quarter of 2024 thanks to 0% financing, free charging and low-priced leases.
Dollar in trouble according to Morgan Stanley
Beverly Hills stores closing amid high crime
A social media account is documenting the spate of high-profile business closures in Beverly Hills including Barneys New YorK, Escada, Chanel, Nike, Rite Aid, Starbucks and more.
166 year old SF company warns "last year in business"
John Chachas, the owner of luxury department store Gumpâs San Francisco, wrote an open letter to Governor Newsom, Mayor London Breed, and the cityâs Board of Supervisors, pleading for them to act on what he describes as the cityâs worsening downtown conditions.
First $1B company going under
The story of United States Steel holds some fascinating history as well as some important lessons for investors.