June 12, 2025Highlights
Paramount slashes jobs as streaming wars intensify
Paramount Global is trimming its U.S. workforce by 3.5% in a move to cut costs. The company’s plans to cut jobs were announced Tuesday by its three co-CEOs in a…
June 12, 2025Highlights
Real estate giants crack down on exclusive ‘off-market’ home listings in major shift for buyers
Two major real estate marketplaces are making big changes to what home listings can appear on their websites. Zillow and Redfin are both taking aim at listings of homes up…
June 12, 2025Highlights
Goldman Sachs: Wealthy Americans to continue exodus from high-tax states even with higher SALT deduction
A new analysis by Goldman Sachs finds that while lawmakers in Congress are weighing a higher cap on the state and local tax (SALT) deduction, those potential tax savings are unlikely…
June 12, 2025Highlights
US, China reach ‘framework’ to implement trade deal, Lutnick says
The U.S. and China have reached a “framework” to implement a trade deal struck between the two sides last month in Geneva, Commerce Secretary Howard Lutnick announced. President Donald Trump…
June 12, 2025Highlights
Inter Milan partners with Fanatics to elevate fan experience for over 530M worldwide
FC Internazionale Milano, known globally as Inter or Inter Milan, and Fanatics have announced a new partnership that taps into the digital sports leader’s resources of e-commerce, retail, manufacturing and…
June 12, 2025Highlights
Inflation increased slightly on an annual basis in May
Inflation increased slightly in May and remained above the Federal Reserve’s target rate ahead of the central bank’s next meeting this month. The Bureau of Labor Statistics on Wednesday said…
June 12, 2025Highlights
Kevin O’Leary reveals the hidden cost of LA riots that’s hurting small businesses
“Shark Tank” investor Kevin O’Leary described Los Angeles as a “war zone” with “horrific” consequences for small businesses while weighing in on the anti-ICE riots plaguing the deep blue city…
June 12, 2025Highlights
Treasury chief says ‘remains to be seen’ if Trump tax bill will add to $36T national debt
Treasury Secretary Scott Bessent suggested there could be a chance that President Donald Trump’s “one big, beautiful bill” may add to the $36 trillion national debt. Bessent appeared before the…
June 12, 2025Highlights
Vance echoes Trump’s call for Fed’s Powell to cut interest rates: ‘Monetary malpractice’
Vice President JD Vance on Wednesday echoed President Donald Trump’s calls for the Federal Reserve to cut interest rates. “The president has been saying this for a while, but it’s…
June 12, 2025Highlights
GM doubles down on American manufacturing with $4B investment
General Motors is investing $4 billion in its U.S. plants over the next two years to boost the manufacturing of gas and electric vehicles. With the multibillion-dollar investment, the Michigan-based…
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