GM’s profit decreases even with increased sales
GM Reports Declining Profits Amid Tariffs General Motors (GM) announced a 35% drop in net profit for the second quarter, primarily due to the impact of car tariffs imposed by the Trump administration. Despite this decline, the automaker’s earnings surpassed Wall Street predictions for revenue and adjusted operating income. Interestingly, GM has kept its profit […]
County in Texas sees improvement as number of missing persons from the flood decreases to three
Flood Update in Central Texas Officials from Kerr County reported on Saturday that nearly 100 individuals previously listed as missing after the deadly flood on July 4 have been confirmed safe, leaving only three people still unaccounted for. This update comes as the search enters its third week and marks a significant decrease from over […]
Dollar value drops by Tk2.9 in a week as demand decreases
Banks offer a fee as low as TK120 for Thursday’s remittance dollars July 13th, 2025, 12:30am Last revised: July 13th, 2025, 1:19pm Infographic: TBS The US dollar has seen a notable decline against the taka over the past week, dropping around TK2.90. This fall, combined with strong remittance inflows and export activity, suggests a decreased […]
Crime decreases in NYC, but there’s a prolonged rise in ‘underreported’ offenses, according to new NYPD data.
Crime Trends in New York City While there’s been a notable decrease in major crimes, New York City is still grappling with a concerning rise in reported rapes, especially over the past year. Recent figures released indicate that murders fell by almost 14% in the second quarter, with robberies down over 7.8%, and felony assaults […]
Patriotism in the U.S. reaches an all-time low as national pride among Democrats decreases significantly.
Dip in American Pride Noted Ahead of Independence Day As the Fourth of July nears, a recent Gallup poll reveals that American pride has decreased, with significant differences observed between political parties. The poll indicates that only 41% of adults express being “very” proud to be American, a notable drop from last year’s 50%. Interestingly, […]
Dollar Index stays low as core PCE inflation increases, personal spending decreases
The dollar index declined following the increase in Core PCE, which is the inflation measure favored by the Fed, in May. The US dollar remains weak, with the DXY nearing Thursday’s low of 97.00. The Michigan Consumer Sentiment Index and its expectations offer insights into consumer perspectives on the current economic conditions. The US Dollar […]
Asia-Pacific FX news summary: Tokyo inflation decreases but stays significantly above the target
China’s industrial profits saw a decline of 1.1% year-over-year for the period from January to May 2025, a notable drop from the previous increase of 1.4%. In Japan, retail sales increased by 2.2% year-over-year, falling short of the expected 2.7% gain. The unemployment rate in Japan stands at 2.5%, aligning perfectly with forecasts. Tokyo’s consumer […]
Dollar remittance rate decreases due to low demand and robust export growth
The exchange rate for remittance dollars seems to be on the decline. This is largely attributed to a decrease in demand from banks, which is linked to better liquidity, fewer overdue import payments, and steady growth in exports. Several bank treasury officials noted that banks purchased about TK0.5-0.7 on Thursday, suggesting an influx of remittances. […]
Bitcoin mining difficulty decreases slightly from its recent peak.
Bitcoin Mining Updates On Saturday, bitcoin mining difficulty experienced a slight decrease, settling around 126.4 trillion after hitting a record high of 126.9 trillion on May 31, marking the beginning of the last adjustment period. This data from Cryptoquant shows that both mining difficulty and network hashrate remain significantly high. These metrics indicate a substantial […]
Bitcoin is becoming more important in portfolios as its volatility decreases, says Coatue’s Philippe Laffont.
Bitcoin’s Growing Role in Investment Portfolios Philippe Laffont, the founder and chief investment officer of Coatue Management LLC, recently addressed the changing landscape of Bitcoin investments during a talk at Coinbase’s Crypto Summit. Initially, many investors hesitated to dive into Bitcoin. However, Laffont pointed out that numerous factors are now making Bitcoin an essential portfolio […]