category: Economy
Trump administration halts billions in green energy funding
In a bold and transformative step, the Department of Energy has withdrawn $7.56 billion in funding previously earmarked for 223…
By Matthias Dathan
Elon Musk faces mass exit of top executives from business enterprises
In a striking blow to Elon Musk's sprawling business empire, a wave of senior executives has departed from his companies…
By Christina Davie
Trump secures federal stake in massive Nevada lithium project
In a groundbreaking move, the Trump administration has finalized a $2.23 billion loan to advance the Thacker Pass lithium mine…
By Christina Davie
Trump secures prescription drug pricing deal, says agreement to influence midterms
President Donald Trump has unveiled a groundbreaking deal with Pfizer that could transform the landscape of prescription drug costs in…
By Christina Davie
Ivanpah solar collapse: $2.2 billion California project ends in failure
In a striking blow to renewable energy ambitions, the Ivanpah Solar Power Facility in California’s Mojave Desert will shut down…
By Christina Davie
Federal Reserve cuts rates amid persistent concerns
In a pivotal move long sought by President Donald Trump, the Federal Reserve on Wednesday reduced its benchmark interest rate…
By Christina Davie
Fed poised to lower rates for first time this year amid pressure from Trump
In a highly anticipated move, the Federal Reserve is poised to slash its benchmark federal funds rate on Wednesday, marking…
By Matthias Dathan
Unexpected economic turn: CNBC’s Rick Santelli highlights downturn in US wholesale prices
Wholesale prices in the United States took an unexpected downward turn in August, according to the latest data from the…
By Christina Davie
BLS job numbers see significant downward revision pointing to weaker economy under Biden
The Bureau of Labor Statistics (BLS) recently revised its job growth figures for the U.S., unveiling a weaker labor market…
By Christina Davie
Trump rolls back Biden-era flight delay refund plan
The Trump administration has reversed a key Biden-era plan that would have required airlines to pay passengers cash compensation for…
By Matthias Dathan
