In a world increasingly defined by climate concerns and sustainability pledges, it is surprising, if not disheartening, to see a major tech player like Microsoft leaning into natural gas as a solution for powering its data centers. Vice President of Energy Bobby Hollis hinted at this potential pivot in comments to CNBC, opening the door
The social security system, a lifeline for millions of Americans, is undergoing significant changes, and they merit scrutiny. The Social Security Administration’s recent decision to shift to a 100% withholding rate for certain overpayments signals a heavy-handed approach that prioritizes fiscal preservation over the well-being of vulnerable citizens. While the agency claims good stewardship of
Volkswagen, the esteemed automobile titan, has delivered quite a dismal report as it grapples with a 15% plunge in annual operating profit compared to the previous year. This significant downturn shines a spotlight on the realities of corporate giants; no one is immune to the shifting sands of economic and geopolitical forces. The remarks from
In an unexpected twist, Delta Air Lines has slashed its revenue and profit expectations for the first quarter of the year, and the implications are staggering. Initially predicted to experience a revenue increase of 6% to 8%, Delta now maintains its forecasted growth at a mere 5%—a clear signal that the travel industry’s recovery is
In a surprising turn of events, the Hong Kong stock market is witnessing an unprecedented influx of capital from mainland Chinese investors, with net purchases reaching an astonishing 29.62 billion Hong Kong dollars (approximately $3.81 billion). This surge marks the highest level recorded since the inception of the Stock Connect programs, which were designed to
In an era where investors have grown accustomed to robust earnings from tech giants, Oracle’s latest quarterly report serves as a stark reminder of the high stakes in the technology sector. The software titan’s underwhelming performance, which saw earnings per share come in at $1.47 against an expected $1.49, reflects not just a miss but
In the realm of modern politics, few turns of events are as perplexing as the United Auto Workers (UAW) President Shawn Fain emerging as an unexpected supporter of President Donald Trump’s tariff strategies. Traditionally viewed as a fierce critic of Trump, Fain’s current endorsement of tariffs—particularly the monumental 25% levies on automobiles and parts—has sent
As President Donald Trump’s administration veers further into the realm of controversy, an executive order that seeks to undermine the Public Service Loan Forgiveness (PSLF) program stands as yet another stark reminder of how political maneuvering can have real-life consequences. By limiting eligibility to students working in organizations involved in “illegal immigration, human smuggling, child
President Donald Trump has repeatedly hailed tariffs as the silver bullet for creating jobs in America, proclaiming that they will generate employment opportunities “like we have never seen before.” However, this grandiose claim ultimately falls flat when scrutinized by economic experts. The overwhelming consensus among economists is that the reality surrounding tariffs is far less
As of January, the total consumer debt in America has reached a staggering $5 trillion, as indicated by the Federal Reserve’s G.19 consumer credit report. While there may be a slight reduction of 0.6% compared to last year, this statistic does little to mask the troubling rise in revolving debt, primarily driven by credit card