Business
Lower Prices Spurled New U.S. Home Sales, But The Decline Still Proves Gloomy Due to High Mortgage Rates
Washington, D.C. - New single-family home sales in the United States surged in April unexpectedly, fueled by falling home prices as builders reacted to weak demand and higher borrowing costs. But even as the short-term increase will lift the spirits of builders and...
Bill Gates Commits $200 Billion to World Health, Warns Philanthropy Won’t Take Place of Government Support
In a landmark announcement, Microsoft co-founder Bill Gates has committed to donating nearly all of his estimated $200 billion fortune over the next two decades to global health and development initiatives. This unprecedented philanthropic endeavor will culminate in...
California Surpasses Japan to Become World’s Fourth-Largest Economy
In a landmark economic development, California has officially overtaken Japan to become the world's fourth-largest economy, according to newly released data from the International Monetary Fund (IMF) and the U.S. Bureau of Economic Analysis (BEA) . Governor Gavin...
Myanmar’s Deadly Earthquake Exposes Void Left by U.S. in Global Disaster Responses
In late March 2025, a catastrophic 7.7-magnitude earthquake struck central Myanmar, leaving over 3,000 dead and thousands more injured. The disaster compounded the nation's ongoing crises, including a civil war, economic hardship, and a fragile healthcare system....
Aston Martin shares pop as Canadian billionaire Lawrence Stroll invests more cash
In a strategic move to bolster Aston Martin's financial standing, Canadian billionaire Lawrence Stroll has significantly increased his investment in the luxury car manufacturer. This infusion of capital has led to a notable surge in the company's share price,...
A Beacon of Financial Wisdom: Wilbert Guilford Jr. and His Mission to Empower the 99%
A Financial Advocate for the People In a world where financial literacy remains elusive for many, Wilbert E. Guilford Jr. stands as a beacon of financial wisdom and empowerment. A Certified Financial Planner (CFP) and Certified Public Accountant (CPA) with over 40...
Nike to post worst revenue fall in 5 years on stagnant demand
By Nicholas P. Brown and Ananya Mariam Rajesh Nike Inc., the global sportswear giant, is poised to report an 11.5% decline in revenue for the upcoming quarter, marking its most significant drop in nearly five years. This anticipated decrease brings projected revenues...
U.S. Weekly Jobless Claims Fall More Than Expected: A Sign of Economic Resilience
By Reuters The U.S. labor market continues to showcase its strength as the latest weekly jobless claims data reveal a sharper decline than anticipated. According to the latest report from the Department of Labor, jobless claims fell more than expected, signaling that...
Starbucks to lay off 1,100 corporate workers as sales sag
In a strategic move to address declining sales and streamline operations, Starbucks has announced the layoff of 1,100 corporate employees, representing approximately 7% of its 16,000-strong corporate workforce. This decision, unveiled on February 24, 2025, by CEO...