Finance

Pittsburgh shoppers are facing a wave of disappointment as Joann, the beloved fabric and crafts retailer, announces the closure of all its stores nationwide following a second Chapter 11 bankruptcy filing. With 500 of its 800 stores set to shut their doors, the impact on local communities is palpable. Amid deeply discounted sales and the…

The S&P 500’s impressive 23% return over the past year masks a tale of contrasting fortunes for tech titans Tesla and Meta Platforms. While Tesla grapples with its first sales dip since 2011, leaving investors on edge, Meta is riding a wave of AI-driven growth that has propelled its revenue to record heights. As both…

Palantir Technologies faces mounting pressure as its stock drops nearly 7%, following a significant decline earlier in the week. Concerns surrounding CEO Alex Karp’s new stock strategy and potential defense budget cuts have investors on edge. With a loyal retail investor base and a hefty valuation, how will Palantir navigate these turbulent waters? The latest…

Inflation in the U.S. is climbing, hitting families and businesses hard with rising costs for essentials like groceries and gas. Recent data shows the consumer price index has surged, raising concerns that the Federal Reserve might reconsider its interest rate strategy. As pressures mount, the economic landscape grows more complicated, with powerful implications for spending…

The surge in egg prices has caught the attention of consumers, with experts predicting that challenges like bird flu and ongoing inflation could lead to even steeper costs. As inflation rates escalate, encompassing various sectors, how will this impact your wallet? You may want to consider your financial strategies as economic pressures continue to mount.

Despite surpassing expectations with impressive earnings and a positive sales forecast, AMD’s stock took a hit in after-hours trading. Explore the intriguing dynamics behind this apparent contradiction and what it could mean for the company’s future in the competitive semiconductor landscape.

In a bold move, President Trump has signed an executive action to establish a sovereign wealth fund for the United States, underscoring the nation’s vast potential. With key officials tasked to outline a strategic plan, the initiative could transform economic negotiations, including those surrounding major corporate deals like TikTok. As the government aims to harness…

Donald Trump’s latest proposal for a U.S. sovereign wealth fund has the potential to reshape America’s financial landscape. With ambitions to acquire TikTok and fund national projects, the initiative raises intriguing questions about funding sources and long-term benefits amid existing budget deficits. As discussions heat up around tech giants’ involvement, the implications for national security…

President Trump’s recent executive order marks a bold move towards establishing a government-owned investment fund, potentially targeting social media giant TikTok among other ventures. This initiative could reshape national investment strategies and signal a significant shift in how the U.S. engages with the global economy. What does this mean for the future of American investments?…

As 2025 unfolds, intriguing trends emerge in the stock performance of utility companies and the health care sector. Constellation Energy and Vistra have distinguished themselves with impressive returns, reflecting a growing demand for electricity driven by technology advancements. Meanwhile, the health care sector is also carving out a niche with notable gains from key players,…

As the landscape of global trade shifts dramatically under new leadership, Americans brace for significant changes with potential tariffs looming. A recent survey reveals fascinating insights into consumer behavior, with many people contemplating stockpiling goods and adjusting their finances in response to rising prices. The survey also uncovers stark partisan divides in expectations about who…

As the Trump-Vance administration unveils its ambitious trade strategy, the specter of potential new tariffs looms large. A sweeping investigation into trade deficits is underway, with a focus on reshaping relations with key partners like China and Canada. Amid calls for significant tariff proposals, businesses are urged to navigate the shifting landscape. What could these…

Meta Platforms is on the verge of revealing its fourth-quarter earnings, and the anticipation is palpable. With analysts buzzing about a banner year ahead, significant investments in AI, and a remarkable stock surge, all eyes are on what the tech giant will disclose. What do these indicators mean for its future? The answers may surprise…

A strategic merger in the healthcare IT sector is set to reshape the landscape as MedSys Group joins forces with CSI Companies. With a shared commitment to innovation and excellence, this acquisition promises to enhance service delivery and operational efficiency. Discover how this union could transform the future of healthcare technology.

Short interest in Nasdaq securities has seen a notable increase, hinting at shifting market sentiments. With over 14 billion shares reported, these figures could signal important trends for investors and traders alike. What does this rise mean for future market dynamics?

The upcoming tax season brings exciting news for Illinois taxpayers. With the launch of the IRS Direct File program, eligible individuals can file their federal taxes for free and streamline their state tax submissions. Discover how this user-friendly platform, endorsed by IDOR Director David Harris, aims to save you time and minimize errors. Don’t miss…