Newsmax Inc., a conservative cable news network, made its public debut as a company, giving founder and CEO Christopher Ruddy an estimated fortune of $3.3 billion after its shares surged 735%. The initial public offering saw the company raise $75 million by selling shares at $10 each. The stock closed at $83.51, with repeated trading … Read more
US President Donald Trump’s aggressive trade policies and workforce cuts are sparking fears that the country is headed towards a stagflation crisis, with some predicting recession or even depression. Many commenters warn that his tariffs will harm the economy, leading to job losses and high prices. Source: https://www.washingtonpost.com/opinions/2025/03/31/trump-stagflation-recession-tariffs
Global markets took a beating on Monday, with investors growing increasingly anxious about an economic downturn. BlackRock CEO Larry Fink said he is hearing concerns from nearly every client, leader, and person about the economy, citing rising uncertainty over President Trump’s tariff policy. The US stock market slipped immediately after opening, with major indexes falling … Read more
Four best friends who built a $160k tiny home town in Texas to retire together took an unexpected turn after attracting interest from potential buyers. The couples, who pooled their money to build a group of eco-friendly tiny homes along the Llano River near Austin, received a $3 million offer from a buyer planning to … Read more
A website has been blocked due to receiving too many requests from a single IP address within a short period. This issue is often referred to as “rate limiting” and is implemented by web servers to prevent abuse and protect their resources. The 429 Too Many Requests error message indicates that the server has reached … Read more
US President Donald Trump’s intention to repeal the CHIPS and Science Act has sparked uncertainty over the semiconductor subsidy program. Approximately 80% of staff at the CHIPS Program Office (CPO), which oversees subsidies for semiconductor manufacturing, have been dismissed or urged to resign. The CPO, created three years ago, was led by former SK hynix … Read more
US Treasury Secretary Scott Bessent argues that the American dream is not just about affordable products, but also about having good jobs and high wages. However, President Trump’s tariffs are expected to raise prices of various goods, including cars, electronics, and pharmaceuticals. Trump believes that Americans will start buying more domestic-made cars if they pay … Read more
Former NFL defensive back and current TV analyst Richard Sherman has shared a harrowing incident on social media – his home was robbed while his family was inside. The incident occurred on Saturday, just one day before Sherman’s 37th birthday. According to Sherman, the burglars broke into his Washington state home through his backyard fence … Read more
Crude oil prices rose on Monday following US President Donald Trump’s threats to impose 25% to 50% tariffs on Russia’s oil exports and other OPEC+ countries. Despite the increase, geopolitical tensions may take a backseat to economic concerns, as fears of recession could dampen oil demand. The West Texas Intermediate (WTI) and Brent futures jumped … Read more
Israeli troops killed 15 Palestinian medics and emergency responders, including eight Red Crescent workers, six Civil Defense members, and one UNRWA staffer. The medics were buried in a mass grave in southern Gaza after Israeli military bulldozers allegedly plowed over their bodies. The Palestinian Red Crescent says the slain workers were clearly marked as medical … Read more