Economy

Irish government reveals how Apple tax windfall will be spent

July 18, 2025

Apple tax windfall: Irish government outlines allocation

Ava Martinez

The Irish administration has revealed its plans for distributing the multi-billion-euro tax windfall obtained from Apple, an outcome of significant controversy that has attracted worldwide attention. The money, originating from…

Economy

Trump Media builds billion bitcoin hoard as crypto swells president’s net worth

July 18, 2025

Trump Media stockpiles $2 billion bitcoin as crypto elevates president’s net worth

Ava Martinez

Trump Media & Technology Group has quietly built a significant position in bitcoin, now holding approximately $2 billion worth of the cryptocurrency. This sizable digital asset reserve has contributed to…

Economy

China blocks Wells Fargo banker from leaving due to 'criminal case'

July 17, 2025

Wells Fargo banker held in China because of ‘criminal case’

Ava Martinez

A senior banker working with Wells Fargo has been banned from departing mainland China as officials conduct an investigation linked to an ongoing criminal matter. Sources knowledgeable about the situation…

Economy

Car maker Stellantis says US tariffs have cost it €300m

July 17, 2025

How US Tariffs Have Cost Stellantis €300m

Ava Martinez

Automotive giant Stellantis has announced that it is facing an extra €300 million in expenses because of tariffs enforced by the United States, providing a clear example of how current…

Economy

Chevron’s megadeal for Hess gets approval after winning legal battle with Exxon

July 14, 2025

Chevron wins legal battle with Exxon, securing Hess megadeal approval

Ava Martinez

Chevron’s ambitious acquisition of Hess Corporation has officially received the green light, marking a major consolidation in the energy sector after overcoming a legal challenge brought by ExxonMobil. The resolution…

Economy

Powell defends .5 billion Fed renovation in a point-by-point response to the Trump administration

July 14, 2025

Trump administration challenged by Powell’s defense of $2.5 billion Fed renovation

Ava Martinez

Federal Reserve Chair Jerome Powell has publicly defended the institution’s decision to move forward with a $2.5 billion renovation of its Washington, D.C. headquarters, offering a detailed rebuttal to concerns…

Economy

July 14, 2025

US passes first major national crypto legislation

Ava Martinez

In a significant move that marks a turning point for digital assets, the United States has passed its first comprehensive federal law governing cryptocurrency. The legislation, years in the making,…

Economy

Copper prices have surged to record highs — and they could jump higher. Here’s why

July 13, 2025

Copper prices have reached record highs — here’s why they might rise even more

Ava Martinez

Copper, widely regarded as an indicator for the state of the global economy, has experienced a significant increase in its market price recently. This trend is a result of constrained…

Economy

Retail sales jumped more than expected last month

July 13, 2025

Last month’s retail sales show remarkable increase

Ava Martinez

Consumer spending saw an unexpected boost last month, with retail sales rising more sharply than analysts had projected. This uptick signals renewed momentum in the retail sector, offering cautious optimism…

Economy

US wholesale inflation was unchanged last month despite tariff rollout

July 12, 2025

US wholesale inflation holds steady even with tariff rollout

Ava Martinez

Wholesale prices in the United States held steady last month, showing no overall increase despite the implementation of a new round of tariffs. This development suggests that inflationary pressure at…

Economy