US

From a modest start in a parking lot, Dave’s Hot Chicken has now entered the billion-dollar club. The restaurant chain, which has experienced remarkable growth since its inception in 2017, recently sealed a billion-dollar deal. What Happened: The story of Dave’s Hot Chicken...

The ongoing US-China trade war is set to hit the American toy industry, with the potential for a decrease in doll production and a rise in consumer prices. What Happened: William Su, a doll manufacturer, is among those grappling with the impact of increased tariffs. The decision by President Donald...

President Donald Trump issued a warning to Elon Musk, stating that there would be “serious consequences” if Musk chooses to financially back Democratic candidates against Republicans who support the GOP’s budget bill. What Happened: According to an interview with NBC News on...

Bitcoin (CRYPTO: BTC) purist Max Keiser said Monday that the apex cryptocurrency has the potential to challenge the dollar’s place as the world’s reserve currency, and that U.S. politicians are aware of this. What Happened: Keiser took to X to share his thoughts on the relationship...

Elon Musk, the world’s wealthiest individual and the CEO of Tesla Inc., SpaceX, and xAI, has stepped down from his official role with President Donald Trump’s Department of Government Efficiency (DOGE). What Happened: Musk’s decision comes amidst significant fluctuations in his...

Elon Musk, the world’s wealthiest individual and the CEO of Tesla Inc., SpaceX, and xAI, has stepped down from his official role with President Donald Trump’s Department of Government Efficiency (DOGE). What Happened: Musk’s decision comes amidst significant fluctuations in his...

The traditional 60/40 investment strategy is facing a potential setback due to a slump in the US long bond, stirring unease among investors. What Happened: The 60/40 portfolio, a time-honored investment approach that balances risk with a steady income, is feeling the heat. This strategy,...

On Thursday at a private dinner for investors in the $TRUMP memecoin, President Donald Trump joked about the attempt on his life. The event, which took place at Trump’s Virginia golf club, has been the subject of criticism from both political sides. What Happened: During the event, Trump made...

Jon Stewart recently expressed apprehension regarding President Donald Trump‘s actions amidst ongoing lawsuits and tributes from media companies and billionaires. What Happened: Stewart, on The Bill Simmons Podcast this week, depicted Trump as a “king” accepting “tributes...

The US bond market is experiencing a wave of anxiety due to House passage of the GOP budget bill, which has the potential to add trillions to the federal deficit. This has led to a surge in bond yields and has unsettled the stock market. What Happened: The bond market is responding to the GOP...

President Donald Trump has issued a stringent ultimatum to Apple Inc. (NASDAQ:AAPL). He has demanded that the tech behemoth start manufacturing iPhones within the United States or be prepared to face a minimum 25% tariff on iPhones produced overseas. What Happened: The Apple shares...

A significant shift in the financial landscape is being mirrored in the recent turmoil in the bond market, with escalating US deficits playing a pivotal role. What Happened: As highlighted by Greg Ip of The Wall Street Journal, despite peaking at 5% in the fall of 2023, the 10-year Treasury yield...

JPMorgan Chase‘s chief global strategist suggests that the US economy, while likely to dodge a recession, should brace for slower growth. What Happened: David Kelly, the chief global strategist at JPMorgan Chase & Co. (NYSE:JPM), anticipates a deceleration in the US economy...

Elon Musk is facing a lawsuit filed by three swing state voters. The plaintiffs allege that Musk failed to fulfill his promise of payment for signing a petition from his political action committee, America PAC. What Happened: The lawsuit claims that Musk had committed to paying voters in...

The United States and China agreed to slash their retaliatory tariffs by over 100 percentage points, pausing a spiraling trade war that had threatened to choke global growth. What's In The Deal? The agreement establishes a 90-day reset, slashing U.S. tariffs on Chinese goods from 145% to 30%, and...