Shutdown costing the US economy approximately $15 billion each week
Warning on Economic Impact of Potential Government Shutdown Kevin Hassett, the Director of the National Economic Council (NEC), expressed concerns on Monday about the financial repercussions that a government shutdown might have on the U.S. economy, estimating a loss of approximately $15 billion per week. During a segment on CNBC’s “Squawk Box,” Hassett referenced an […]
Fifth Third acquires Comerica for close to $10 billion as regional banks seek to compete with JPMorgan.
Fifth Third Bancorp Acquires Comerica for $10.9 Billion Fifth Third Bancorp has announced its acquisition of Comerica in a stock deal valued at $10.9 billion, combining two prominent regional banks. This merger will give rise to the ninth largest bank in the US, with total assets reaching approximately $288 billion, according to a company statement […]
Trump administration halts $2.1 billion in Chicago transit funding to look into ‘race-based contracting’ during government shutdown
In a recent announcement, the Trump administration revealed a freeze on $2.1 billion designated for the Chicago Infrastructure Project. This move aims to ensure that funds are not allocated through contracts based on racial criteria, particularly in light of the ongoing government shutdown. Russ Vought, the Director of the Office of Management and Budget (OMB), […]
OpenAI’s $500 billion valuation positions it as the most valuable private company globally, according to a report.
OpenAI Reaches New Valuation Milestone OpenAI’s CFO, Sarah Friar, will join Morniss and Maria to discuss substantial investments from Nvidia, Softbank, and others. They’ll delve into the ongoing US-China AI competition and consider how AI might reshape employment, business dynamics, and the broader American economy. Recent stock transactions have catapulted OpenAI’s valuation to $500 billion, […]
OMB leader Russ Vought halts $2.1 billion in funding for Chicago transit.
Chicago Secures Federal Funding Amid Shutdown Chicago recently became the second major U.S. city to secure billions in federal funding for infrastructure projects, coinciding with a government shutdown. The Trump administration is navigating a challenging landscape as it pushes for a DEI (Diversity, Equity, and Inclusion) contract amid these circumstances. The federal government has allocated […]
Trump administration is holding back $2.1 billion for Chicago’s infrastructure projects
On Friday, the Trump administration announced it has placed a hold on $2.1 billion earmarked for infrastructure projects in Chicago, specifically targeting funding for the Blue State initiative. This move marks another controversial decision by the White House. Russ Vought, the Director of the Office of Management and Budget (OMB), noted on X that this […]
Occidental Petroleum sells OxyChem to Berkshire Hathaway for $9.7 billion
Occidental Petroleum has decided to sell its chemical division, Oxychem, to Warren Buffett’s Berkshire Hathaway for a whopping $9.7 billion. Interestingly, shares of U.S. oil and gas producers dropped over 6% during morning trading. According to analysts from Roth MKM, the sale of Oxychem might hinder free cash flow growth in the coming years, as […]
Elon Musk Is the First Person Ever to Reach a $500 Billion Net Worth
Elon Musk Reaches $500 Billion Net Worth Milestone Tech entrepreneur Elon Musk has made headlines by becoming the first individual to exceed a net worth of $500 billion. This remarkable accomplishment occurred on a recent Wednesday afternoon, marking a significant moment in financial history. Musk’s wealth primarily stems from his substantial ownership in Tesla, which […]
FOX News leads news brands with 1.1 billion YouTube views in the third quarter
Fox News Dominates YouTube Viewership in Q3 2025 Fox News Media finished the third quarter of 2025 as YouTube’s leading news brand, having garnered over 1 billion video views. This performance surpassed MSNBC by more than 200 million views, and when combined, NBC News, ABC News, and CBS News fell behind significantly. In total, Fox […]
Berkshire Hathaway is purchasing OxyChem for $9.7 billion, which might be Warren Buffett’s final major transaction.
Berkshire Hathaway’s Major Acquisition Berkshire Hathaway is set to acquire Occidental’s petrochemicals division for $9.7 billion, potentially marking one of Warren Buffett’s last significant deals in his storied career as a dealmaker. Interestingly, Buffett’s name didn’t appear in the release from Berkshire. Maybe they’ll bring him up in their upcoming discussions on Thursday, perhaps as […]