Economy

Trump and PM Ishiba Fail to Reach Trade Deal at G7, Japan Edges Closer to Recession

U.S. President Donald Trump and Japanese Prime Minister Shigeru Ishiba concluded the G7 Summit in Canada without reaching a trade pact, a result Bloomberg says “draws Japan closer to recession” as U.S...
June 17 , 2025

OpenAI Wins $200M DoD Contract, Eyes Federal AI Expansion

OpenAI Secures $200 Million U.S. Defense Contract as AI Role in Government Grows—and Tensions with Microsoft Simmer OpenAI, the AI company behind ChatGPT, has signed a $200 million pilot contract with...
June 17 , 2025

IBM Targets 2029 Launch for World’s First Fault‑Tolerant Quantum Computer

IBM has unveiled its comprehensive roadmap to build the first large-scale, fault-tolerant quantum computer—dubbed Quantum Starling—by 2029 at its Poughkeepsie, New York, data center. This system will ...
June 16 , 2025

Saudi Arabia Exploits Crises to Gain Oil Market Share

According to an analysis by The Wall Street Journal, Saudi Arabia has repeatedly used global crises to increase its share of the oil market. Data from analytics firm Kayrros shows that Riyadh boosted ...
June 16 , 2025

Asia-Pacific Markets Mixed as Trump Declares U.S.-China Trade “Done”

Asia-Pacific markets posted mixed results on Thursday as investors weighed President Trump’s announcement that a U.S.-China trade framework is “done,” CNBC reports. Trump revealed that China will supp...
June 12 , 2025

Escalation in Los Angeles as National Guard Clashes with Protesters

Tensions rose sharply in Los Angeles after 2,000 National Guard troops were deployed to suppress protests against immigration raids carried out by President Donald Trump’s administration. The demonstr...
June 09 , 2025

JPMorgan issued a warning about the US economy

In a recent CNBC interview, Kelly cautioned that the positive headline jobs numbers are masking a deeper trend of economic deceleration that many are overlooking. Although May’s payroll report showed ...
June 09 , 2025

Auto Buyers Feeling the Pinch: Hidden Cost Hikes Amid U.S. Tariffs

Car shoppers hoping to beat the tariffs imposed by President Donald Trump are facing a harsh reality — the trade war is already raising prices on the U.S. auto market, often in subtle ways barely noti...
June 09 , 2025

Trump warns of “very serious consequences” if Elon Musk supports Democrats

President Donald Trump has issued a sharp warning to billionaire Elon Musk, cautioning that he will face “very serious consequences” if he starts financing Democratic candidates in future elections. T...
June 08 , 2025