Business

Apple's smartphone shipments in 2025 are expected to top Samsung's for the first time in over a decade and become the world's leading seller of smartphones, according to a new report.An analysis by Counterpoint Research found that global smartphone shipments will rise by 3.3% year over year in 2025, with much of the gain driven by Apple.Shipments of iPhones are expected to climb 10% year over year in 2025, in […]

The U.S. Department of Agriculture says it’s working to reform what it calls the "out of control" SNAP benefits program.The agency plans to redirect more of its nutrition budget toward healthier, American-grown food options, including specialty crops, fruits and proteins. Agriculture Secretary Brooke Rollins said the effort is part of the "Make America Healthy Again" movement championed by Health and Human Services Secretary Robert F. Kennedy Jr."More coming on that […]

Prediction markets are heavily signaling a 25-basis-point interest rate cut in December, with probabilities hovering above 80% on both Kalshi and Polymarket. Traders on both platforms see only a slim chance of the Federal Reserve holding rates steady and virtually no expectation of a larger move. On Polymarket, the trading volume, or the total dollar amount wagered on this market, is a little over $171 million.AS THE HOLIDAYS APPROACH, THANKSGIVING BECOMES TRUMP'S […]

College graduates may be losing their edge in the labor market, as the unemployment gap between them and workers with only high school degrees has narrowed and reached its lowest level in decades, according to a new report.The Federal Reserve Bank of Cleveland analyzed unemployment trends for high school and college graduates between the ages of 22 and 27, as high school graduates have typically experienced relatively higher levels of […]

As tariff revenues surge, the White House is bracing for a Supreme Court ruling that could shape the future of President Donald Trump's trade agenda.Tariff revenues climbed to a new high of $34.2 billion in October, raising the stakes as the Supreme Court considers whether the president can continue imposing broad duties without congressional approval.TRUMP TARIFFS HAUL OVER $200B IN REVENUES AS SUPREME COURT WEIGHS CHALLENGE TO LEGALITYTotal duty revenue […]

Treasury Secretary Scott Bessent has wrapped up interviews this week for the top spot at the Federal Reserve.Bessent, who has been interviewing candidates since Labor Day, has previously said that he wants to "see people who are forward-looking, not backward-looking on regulation," get the Fed chair job.The shortlist of five candidates will now head to President Donald Trump's desk for review and selection.PREDICTION MARKET TRADERS BET 'THE KEVINS' ARE TRUMP’S […]

Investors traditionally target emerging markets for higher growth opportunities, and China falls into that bucket.However, investing in China has always carried risks as the country remains clouded in secrecy, plagued with human rights issues and less transparent with capital markets.Now, with President Donald Trump in the White House, the relationship between the world’s two largest economies has become even dicier as the two trade barbs on tariffs and rare earth […]

HP announced Tuesday that it plans to cut between 4,000 and 6,000 employees by the end of 2028 as part of its push to adopt artificial intelligence.The potential layoffs at the Palo Alto, California-based company could represent up to 10% of its workforce, according to Stock Analysis.Reuters reported that shares of the PC and printer maker fell 5.5% in extended trading following the news.The job cuts are part of a […]

Consumer confidence fell more than expected in November and hit the lowest level since this spring, according to the latest data from The Conference Board.The Conference Board reported that its consumer confidence index declined to 88.7 in November from an upwardly revised 95.5 reading in October. That was well below the 93.4 reading that economists polled by LSEG projected for November, and reached the lowest level since April."Consumers' write-in responses pertaining […]