Powell addressed tariffs, stating the Fed will 'wait and see'. He highlighted the central bank's focus on economic data, inflation risks, and maintaining price stability amid trade policy changes and Trump's criticism.
Cisco unveils a new quantum entanglement chip, producing 1M photon pairs/second at room temperature, advancing scalable quantum networks. This follows quantum chip news from Google, IBM, and Microsoft, driving rapid progress.
Weight Watchers (WW) is filing for bankruptcy with over $1B debt, shifting focus to weight-loss drugs after a revenue decrease and increased competition. They lost Oprah & struggle in the competitive market.
Ken Griffin discusses the US Treasury market's strength, Trump's economic policies, crony capitalism, and his influence in GOP circles. He highlights risks to the US dollar and concerns over government intervention.
Google faces mounting antitrust pressure from the DOJ, potentially leading to a breakup of its ad tech business and Chrome browser. The government aims to restore competition and curb Google's dominance.
Warren Buffett to step down as Berkshire Hathaway's head. Greg Abel, currently energy company CEO, is recommended as his successor. Abel emphasizes reinvesting and collaboration.
Student loan collections restart after a pandemic pause, impacting millions. Borrowers face wage garnishment and reduced benefits amid economic uncertainty. Collection fees add to the burden.
The US tariff exemption on imports under $800 expired, leading to higher costs on Shein, Temu, and Amazon. Trump ended the 'rip-off' de minimis exemption, impacting low-income consumers.
Car tariffs are impacting prices and supply chains, leading to increased costs and potential long-term market disruption. Consumers face higher prices for new and used vehicles. Rethinking sourcing strategies is crucial.
States are challenging the Education Department's threat to cut funding over DEI programs. Attorneys general argue the department's actions misinterpret Title VI and violate constitutional principles.
Torsten Slok warns of a 'volunteer profession reset economic crisis' due to Trump's tariffs. Lower confidence, rising production costs, and decreased container ship traffic signal economic downturn.
Trump's tariffs on China are causing market volatility and economic uncertainty. Public concern about recession and rising prices is growing, fueled by Trump's trade policies. Surveys reflect increasing opposition to tariffs.
