Category: Business and Finance

In a watershed moment for America’s banking giant, the Federal Reserve has lifted Wells Fargo bank $1.95 trillion asset cap—imposed in 2018 after the fake accounts scandal—freeing the bank to pursue growth for the first time in nearly a decade. The move, confirmed in a joint Fed-Wells Fargo statement today, triggered a 12% premarket surge…

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In a seismic political eruption, Elon Musk denounced the GOP’s flagship $1.2 trillion “American Restoration Act” as a “disgusting abomination” on X, triggering panic among Republican leadership and testing Musk’s kingmaker status in the 2026 midterms. The bill—spearheaded by Trump and dubbed the “Big Beautiful Bill” (BBB)—now faces collapse after Musk’s 24-word post ignited a…

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Capital One has announced sweeping restrictions to its premium Capital One Venture X lounge access program—eliminating free guest entries, slashing authorized user privileges, and adding spending hurdles. Effective November 1, 2025, the changes mark the largest devaluation since the card’s launch, triggering fury among frequent flyers and sparking mass card cancellations. Here’s how the new…

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As college costs soar to record highs—up 35% since 2020—Edward Jones financial advisors are pioneering innovative 529 plan strategies to help families future-proof education savings. With tuition at flagship universities now exceeding $35K/year, the firm’s “education-first” approach combines tax efficiency, flexible investing, and creative state-specific tactics to turn daunting costs into achievable goals. The College…

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The Organization for Economic Co-operation and Development (OECD) delivered a stark warning today, sharply downgrading U.S. and global growth projections amid escalating trade tensions fueled by former President Trump’s tariff policies. In its highly anticipated June 2025 Economic Outlook, the OECD now forecasts U.S. GDP growth at just 1.6% in 2025 and 1.5% in 2026…

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Constellation Energy (NASDAQ) CEG stock surged 14% premarket today after announcing a landmark 20-year agreement to supply Meta (META) with 1.1 gigawatts of carbon-free nuclear power—igniting a frenzy over CEG stock as Wall Street bets on nuclear energy’s pivotal role in the AI boom. The deal rescues Constellation’s Illinois Clinton plant from closure and positions…

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The Walt Disney Company (NYSE: DIS) has initiated another wave of Disney layoffs, eliminating “several hundred” positions across its film, television, and finance divisions this week. This marks the fourth major workforce reduction since 2023, as CEO Bob Iger accelerates a $7.5 billion cost-cutting strategy amid streaming losses and declining linear TV revenue. The move—first…

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In a stunning reversal for the embattled aerospace giant, Boeing stock (NYSE: BA) surged 8% premarket today after Morgan Stanley upgraded it to “Overweight” with a $275 price target (25% upside). The rally extends Boeing’s 64% gain since April 2025—crushing the S&P 500’s 11% return—fueled by a perfect storm of defense spending tailwinds, 737 MAX…

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U.S. markets opened in chaos today as former President Donald Trump’s surprise reinstatement of steel and aluminum tariffs clashed with blockbuster biotech news, creating a tale of two stocks: Cleveland Cliffs Stock plummeted 7% on trade policy whiplash, while Moderna (MRNA) surged 8% on a landmark vaccine trial. The divergence underscores 2025’s investment reality—geopolitical gambits…

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In a landmark deal shaking the biotech landscape, French pharmaceutical giant Sanofi has agreed to acquire Blueprint Medicines (NASDAQ: BPMC) for up to $9.5 billion, accelerating optimism in a sector hungry for M&A momentum. The acquisition, announced today, sent Blueprint’s stock soaring by 52% in pre-market trading, reflecting investor confidence in the strategic value of…

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