Tesla earnings plunge 71 percent in first quarter
Tesla’s quarterly profit fell 71%, the company announced Monday, marking the latest indication of bad news for Elon Musk electric car makers as scrutiny continues with tech billionaires. The electric vehicle company reported a 9% decline in revenue for the first three months of the year. The company said its profits fell by $409 million […]
Nearly 70 percent of CEOs disapprove of Trump's tariffs: Survey
A recent survey shows that large U.S. CEO executives share a lack of support for President Trump’s latest tariffs, and believe they will hurt the company. Opinion polls conducted by chief executive officer The magazine found that 67 of those surveyed did not agree to the president’s tariff agenda, and 76% thought that drastic import […]
Trump admin to cut 90 percent of CFPB in latest layoffs: Reports
President Trump’s administration is pushing nearly 90% of Consumer Financial Protection Bureau (CFPB) employees to significantly reduce the watchdog agency formed to protect US consumers from financial fraud and abuse. Approximately 1,500 institution workers are expected to be cut. multiple Outlet Reported on Thursday. This will place around 200 people in the agency. Employees began […]
Memo says Trump would cut State budget by 50 percent: WaPost
An internal White House memo proposes cutting budgets for the State Department and the US Agency for International Development (USAID) by almost half of fiscal year 2026. New Report From the Washington Post. According to the Post, early proposals for the 2026 budget will be $28.4 billion for the state and USAID, or about 48% […]
73 percent 'financially stressed': Survey
New polls show that Americans are increasingly uneasy about the economy amidst stubborn inflation and trade wars, with over 70% of respondents feeling that their personal finances are highlighted. A CNBC/Surveymonkey poll released Friday found inflation was the leading cause of financial stress among Americans over the past three years, but 66% of respondents said […]
50 percent of parents financially supporting adult children: Survey
New research shows that even when children are out of the nest, some parents still contribute to their child's livelihood. Vote from Savings.com This shows that 50% of parents still help offset the economic pressures of adult children. The average amount given to adult children among those surveyed was $1,474 a month, up 6% from […]
US-Canada airline bookings plummet 70 percent: Report
Airline bookings between the US and Canada have fallen 70% compared to the same period last year. Aviation analysis company OAG. New data shows that airline capacity was reduced between the two countries by October 2025, with the largest reductions occurring during the peak travel season from July to August. The decline is likely a […]
Trump announces 25 percent tariff on all car imports
President Trump announced Wednesday that he was imposing a 25% tariff on imports of foreign-made vehicles, marking the latest escalation of a trade war with other countries. In the oval office, Trump said the 25% tariff would apply to “all cars not made in the US.” The tariffs will come into effect on April 2nd, […]
51 Percent of Likely Voters Approve of President Trump
President Donald Trump's approval rating reached up to 51%, according to a Rasmussen report issued Friday. Survey of 1,500 voters show Trump's 1% increase compared to figures released by voting outfits released in Thursday's Daily Tracking Poll. 51% have approved, while 47% disapprove of his performance. Data up to January 23 shows that the president […]
SBA cutting 40 percent of workforce
Small Business Management (SBA) announced Friday that it plans to cut more than 40% of its workforce amid the restructuring of its entire agency. The agency cut the workforce of nearly 6,500 employees by about 2,700 positions, returning to staffing levels from the first Trump administration, said SBA administrator Kelly Loeffler. “The SBA was created […]