Business

Fed Maintains Rates, US Borrowing Costs Surge Amid Fresh Iran Tensions

The cost of borrowing for the U.S. government has surged to its highest point since 2007, following the Federal Reserve's decision to maintain its key interest rate at current levels amid ongoing inflation concerns. This move has rattled investors, resulting in significant declines across major U.S. stock indexes. Compounding market unease, the U.S. has initiated new strikes on Iranian targets after American forces were attacked...

SpaceX Stock Dips Below IPO Price Following Initial Surge’s Decline

SpaceX shares dipped below their initial public offering (IPO) price for the first time, closing at $134 on Wednesday, a slight drop from the $135 listing price. This decline follows the company's monumental IPO just over a month ago, which momentarily elevated its market valuation to over $2.6 trillion. The decrease has come as investors re-evaluate the company's valuation, driven by concerns over substantial...

Breaking: Energy Price Drop Drives June US Inflation Down to 3.5%

Inflation in the United States experienced a slowdown in June, dropping to an annual rate of 3.5%, largely due to a temporary decrease in...

Breaking: Crypto Ventures Bring Trump Over $1 Billion in 2025 Earnings

In 2025, President Donald Trump's financial disclosure revealed over $1 billion in earnings from his ventures in the cryptocurrency sector, showcasing a significant rise...

Trump Threatens EU with Full Tariffs Amid Digital Tax Conflict

President Donald Trump has issued a stark warning to European nations contemplating the implementation of digital services taxes. He has threatened to levy a...

China Plans to Boost US Soybean Purchases in 2025-26.

The United States is set to export approximately 25 million metric tons of soybeans to China during the 2025-26 marketing year, up from 22.6...

Trump Allocates $700M for Coal Industry Growth Using Defense Production Act

In a move to bolster the coal industry, US President Donald Trump has unveiled a $700 million federal plan, utilizing the Defense Production Act,...

US Threatens 12.5% Tariff on Singapore Amid Forced Labor Dispute

Singapore could soon see a 12.5% tariff imposed on its exports to the United States following the conclusion of a U.S. trade investigation. The...

EasyJet Dismisses £3 Billion Bid from Castlelake, Shares Climb

EasyJet has labeled a potential takeover bid by U.S.-based investment firm Castlelake as "highly opportunistic," arguing that the current market valuation does not adequately...

Iran Tensions and Supply Concerns Drive Oil Prices Past $100

Global oil prices have once again surged past the $100 per barrel threshold following recent U.S. military actions targeting Iranian sites, dampening prospects for...

Nvidia Surpasses Wall Street’s Revenue Forecast Amid Rapid AI Growth

Nvidia has once again surpassed Wall Street's growth expectations, reinforcing the optimism among investors about the ongoing AI boom, driven largely by the rapid...