Dow Drops Over 1,100 Points, Hits Longest Losing Streak Since 1974
Dow Experiences Historic Decline The Dow Jones Industrial Average fell sharply on Wednesday, dropping over 1,123 points (2.6%). This marks the longest losing streak since 1974, extending its slide to 10 consecutive days. The plunge came after the Federal Reserve’s policy statement indicated
“Why Are Food Prices Rising Again? Causes Behind the Surge”
A Shortage of Eggs and Rising Grocery Costs On the Sunday before Thanksgiving, a grocery store in Rochester, Minnesota, ran out of eggs. Meanwhile, in Richfield, an hour and a half away, eggs were available but at a steep price—40% higher than just
“Dr. Oz Faces Ethical Scrutiny Over Financial Ties to Medicare-Linked Companies”
Dr. Mehmet Oz, President-elect Donald Trump’s nominee to head the Centers for Medicare & Medicaid Services (CMS), is under scrutiny for his significant financial holdings in companies with ties to Medicare. CMS oversees programs like Medicare, Medicaid, and the Affordable Care Act (ACA).
“Auto Industry Faces a Challenging 2025 Amid EV Transition and Global Headwinds”
The automotive industry has faced significant struggles in 2024, and many experts believe that 2025 will be equally challenging. Automakers are grappling with a range of issues, including limited affordable electric vehicles (EVs), slow expansion of charging infrastructure, fierce competition from Chinese manufacturers,
Families Sue Character.AI Over Child Safety Concerns, Demand Platform Shutdown
Character.AI, an AI chatbot platform, is facing its second lawsuit since October over alleged harm to young users. Two families have accused the platform of exposing children to sexual content and promoting self-harm and violence, urging a court to shut it down until
Relief for Home Loan Borrowers Expected in 2025: RBI Likely to Cut Rates by 50-100 bps
Home loan borrowers are set to experience much-needed relief in 2025 as experts predict interest rate cuts by the Reserve Bank of India (RBI). This shift follows signs of slowing GDP growth and easing inflation, setting the stage for reduced Equated Monthly Installments
American Eagle Shares Drop 13% Amid Weak Holiday Sales Forecast and Lowered Guidance
Shares of American Eagle fell by about 13% in after-hours trading on Wednesday following the company’s disappointing holiday sales forecast and a reduction in its full-year revenue guidance. Despite strong performance in the back-to-school season, the apparel retailer is facing shifting consumer behavior,
Volkswagen Faces Major Strikes in Germany Amid Wage Disputes and Plant Closure Concerns
Volkswagen (VW) workers across Germany launched massive strikes on Monday, marking the company’s most significant labor disruption since 2018. Tens of thousands of employees at nine of VW’s ten German plants participated in the walkouts, organized by the IG Metall labor union. What
Trump’s Proposed Tariffs Could Spike Beer and Tequila Prices: What Consumers Need to Know
Beer and liquor are often considered recession-proof, but they’re not immune to the impact of tariffs. President-elect Donald Trump’s proposal to impose a 25% tariff on imports from Canada and Mexico could significantly impact some of America’s favorite alcoholic beverages, including the nation’s
Zomato Shares Skyrocket 131% YTD: Is This Multibagger Stock a Buy?
Zomato Share Price UpdateZomato shares have delivered stellar returns in 2024, climbing over 131% year-to-date (YTD). On Wednesday, the stock rose by another 3%, hitting an intraday high of ₹289.70, nearing its September peak of ₹298.20. This impressive growth is fueled by strong