💵 Money

Treasury Secretary Bessent Pushes for Major Financial Regulation Overhaul
July 22 @ 8:06am ET  
Treasury Secretary Scott Bessent calls for a 'fundamental reset' of financial regulations, criticizing outdated bank capital requirements. His vision aims to ease burdens on institutions and boost economic growth.
Rising Car Prices in 2025: Tariffs and Credit Access in Focus
July 22 @ 4:01am ET  
New car prices are rising in 2025 due to tariffs, though the impact remains limited. Improved credit access offers relief to buyers amidst forecasts of further cost increases.
American Express Shatters Revenue Records with Cardholder Spending Boom
July 21 @ 2:13pm ET  
American Express achieved a record $17.9 billion revenue in Q2 2025, driven by a 7% surge in card member spending to $416.3 billion. Younger demographics, especially Gen Z with a 40% increase, fueled this historic financial milestone.
US Jobless Claims Hit Three-Month Low Amid Labor Market Strength
July 21 @ 4:01am ET  
US jobless claims dropped to a three-month low of 221,000 for the week ending July 12, signaling a resilient labor market. However, recurring claims rose slightly, hinting at challenges for workers seeking new jobs.
US Retail Sales Surge in June Despite Tariff Concerns
July 17 @ 12:01pm ET  
U.S. retail sales surged 0.6% in June, beating expectations after a 0.9% drop in May. Despite tariff-driven price hikes, consumers showed resilience across various spending categories.
Back-to-School Shopping Starts Early: NRF Survey Reveals Trends
July 17 @ 7:00am ET  
Back-to-school shoppers are starting early, with 67% already buying items by July, per the NRF survey. Many still await better deals, driven by cost concerns and a focus on value.
US Stock Market Swings on July 16 Amid Trump’s Fed Comments
July 17 @ 4:15am ET  
US stock markets swung wildly on July 16 due to President Trump's comments on firing Fed Chair Powell. Major indexes like the S&P 500 and Dow recovered, closing up 0.3% and 0.5% respectively.
Trump Announces Coca-Cola's Shift to Cane Sugar in US Drinks
July 16 @ 11:01pm ET  
President Trump announced Coca-Cola will switch to cane sugar in US drinks, claiming personal influence. The company has yet to confirm, sparking debates on taste, health, and costs.
Inflation Climbs to 2.7% in June 2025, Driven by Energy and Shelter Costs
July 16 @ 4:04pm ET  
Inflation in the US rose to 2.7% in June 2025, driven by energy and shelter costs. The consumer price index increased by 0.3% month-over-month, raising concerns about economic pressures.
Ford Recalls Over 694,000 SUVs for Fuel Injector Fire Hazard
July 16 @ 2:07pm ET  
Ford is recalling over 694,000 Bronco Sport and Escape SUVs due to a fire risk from cracked fuel injectors. The NHTSA announced the issue on July 15, with Ford estimating repair costs at $570 million.
Starbucks Mandates 4-Day Office Return for Corporate Staff by October
July 15 @ 8:05pm ET  
Starbucks is mandating a four-day office return for corporate staff starting in October, as announced by CEO Brian Niccol. This policy shift from three days aims to boost collaboration under his 'Back to Starbucks' turnaround plan.
Used Car Sales Drop in June Despite Strong Demand for Affordable Options
July 15 @ 4:08pm ET  
Used vehicle sales dropped 1.5% in June per Cox Automotive, despite robust demand for affordable options. Inventory stability and pricing are key as the market looks toward growth in 2025.
Wall Street Rally Stalls: Profit-Taking and Treasury Yields in Focus
July 14 @ 8:04pm ET  
Wall Street's rally pauses as profit-taking and rising Treasury yields create caution. Investors await major U.S. bank earnings and key inflation data next week.
Jamie Dimon Warns of Potential US Interest Rate Hikes Amid Inflation Concerns
July 14 @ 4:08am ET  
Jamie Dimon, CEO of JPMorgan Chase, warns of a 40-50% chance of US interest rate hikes due to inflationary pressures from tariffs and policies. This contrasts with the Trump administration's push for rate cuts.
Social Security Cuts Hit Seniors: Options for Overpayment Clawbacks
July 13 @ 1:01pm ET  
Millions of seniors face smaller Social Security checks this month due to overpayment clawbacks by the SSA. Options like appeals and waivers offer some relief for those affected.
US Stock Indexes Decline on July 11 Amid Tariff Concerns
July 11 @ 8:01pm ET  
US stock indexes fell on July 11, with the S&P 500 down 0.3 percent and Nasdaq off 0.2 percent. Tariff threats from President Trump added pressure, though Levi Strauss surged 11.3 percent.
Alan Hassenfeld, Hasbro Icon and Philanthropist, Passes Away at 76
July 11 @ 6:04pm ET  
Alan Hassenfeld, former CEO of Hasbro, passed away at 76 on July 8. His leadership and philanthropy left a lasting impact on the toy industry and children's causes.
Unexpected $27 Billion US Budget Surplus in June Fueled by Tariff Revenue
July 11 @ 4:31pm ET  
The US recorded a rare $27 billion budget surplus in June 2025, driven by record tariff revenue of $27.2 billion. This marks a significant shift from prior deficits and highlights the impact of recent trade policies.
Federal Reserve Under Fire: OMB Challenges Powell on $2.5B HQ Overrun
July 11 @ 11:31am ET  
The White House and OMB Director Russ Vought have criticized Federal Reserve Chairman Jerome Powell for a $700 million overrun on a $2.5 billion headquarters renovation. Allegations of mismanagement and potential legal issues are escalating tensions.
US Jobless Claims Drop to 7-Week Low Amid Rising Recurring Claims
July 11 @ 10:01am ET  
US jobless claims dropped to a 7-week low of 227,000 for the week ending July 5, signaling employer retention. However, recurring claims hit a near 4-year high at 1,965,000, highlighting ongoing challenges for job seekers.
Copper Prices Soar to Record Highs After Trump's 50% Tariff Announcement
July 10 @ 5:03am ET  
U.S. copper prices hit record highs after President Trump's 50% tariff announcement on imports. This policy, effective August 1, aims to boost domestic production but may raise costs across industries.
Import Prices Drop, Challenging Tariff Inflation Concerns Under Trump
July 9 @ 1:01pm ET  
A new Council of Economic Advisers report shows import prices falling, challenging fears of tariff-driven inflation under President Trump. The data suggests tariffs may not be raising consumer costs as predicted.
Americans See Lower Inflation Ahead as Financial Optimism Grows
July 9 @ 7:00am ET  
Americans are more optimistic about finances and jobs as inflation expectations drop to a 5-month low of 3.0%, per the New York Fed survey. This shift signals growing confidence despite ongoing spending challenges.
Small Business Confidence Holds Firm Amid Hiring Struggles
July 9 @ 4:04am ET  
Small business optimism remains steady despite hiring struggles, with many owners facing labor shortages. The SBA's OBBB aims to create one million jobs and $750 billion in economic activity.
Amazon Prime Day 2025: Online Sales Projected to Hit $23.8 Billion
July 7 @ 6:05pm ET  
Amazon Prime Day 2025, running July 8-11, is set to generate $23.8 billion in US online sales, a 28.4% rise from last year. Retailers are leveraging deep discounts and AI tools to attract shoppers during this key event.
Wall Street Surge: Stock Rally Hits New Heights in July 2025
July 7 @ 12:01pm ET  
Wall Street's stock rally has soared to new heights in July 2025, with the S&P 500 and Nasdaq hitting record levels. Fueled by tech stocks and optimism, experts see room for growth despite some economic concerns.
Side Hustles Surge: Americans Grapple with Economic Strain in 2025
July 7 @ 7:02am ET  
Economic pressures are driving over 40% of Americans to take on side hustles in 2025, surveys show. This growing reliance on extra income highlights deeper issues of affordability and job stability.
FBI Reports 300% Surge in 'Ramp-and-Dump' Stock Fraud Targeting US Investors
July 7 @ 4:00am ET  
The FBI reports a 300% surge in 'ramp-and-dump' stock fraud complaints in 2025, targeting US investors. Scammers inflate stock prices via social media, leaving victims with huge losses.
UPS Driver Buyouts Spark Controversy Amid Massive Job Cuts
July 3 @ 8:03pm ET  
UPS has announced voluntary buyouts for drivers amid plans to cut 20,000 jobs, facing fierce opposition from the Teamsters union. The union calls the move illegal and vows to fight for its members' job security.
Trump Tariffs May Hit Midsize US Companies with $82 Billion Burden
July 3 @ 6:04pm ET  
Trump's tariffs could cost midsize US firms $82.3 billion, per JPMorganChase Institute. This burden hits hardest in retail and wholesale sectors reliant on imports.
Ford Issues Major Recall for Over 200,000 Vehicles Due to Camera Glitch
July 3 @ 12:06pm ET  
Ford Motor Co. recalls over 200,000 vehicles due to a rearview camera software defect that risks crashes. The company is addressing the issue after notifying U.S. highway safety regulators.
U.S. Dollar's Historic Slide in 2025: Trump Policies Under Scrutiny
July 2 @ 7:00pm ET  
The U.S. dollar has seen a historic 10% decline in 2025 under President Trump's policies. This unprecedented slide raises concerns about global market stability and future economic impacts.