Meta said Thursday it would cut about 8,000 jobs, or roughly 10% of its workforce, as the company pushes further into artificial intelligence spending while trying to improve efficiency. The company said the reductions are meant to free up resources for new investments in other parts of the business. Bloomberg also reported that Meta plans to leave about 6,000 positions…
Tesla reported a sharp decline in electric vehicle deliveries for the second quarter of 2025, selling 384,122 units, down from 443,956 during the same period last year, a 13.5% drop. This slump, the steepest year-over-year decline by volume in the company’s history, reflects a growing consumer backlash tied to Elon Musk’s outspoken political views and recent alignment with former President…
President warns of new tariffs as tensions escalate between key trading partners. President Donald Trump announced Friday that the United States is officially ending trade negotiations with Canada, citing Ottawa’s decision to implement a digital services tax (DST) as the catalyst. In a post on Truth Social, Trump called the tax “a direct and blatant attack on our Country” and…
Young Buyers Adapt to Challenges With Savings, Flexibility and Early Planning Despite soaring home prices, high interest rates and limited inventory, Generation Z is making inroads into the U.S. housing market. Once viewed as a generation priced out of homeownership, Gen Z is now emerging as a growing force in real estate — one that’s leveraging early savings, family support…
Deal Breakdowns Surge in Tight Housing Market A growing number of homebuyers across the United States are backing out of deals before closing. In May 2025, 14.6% of pending sales agreements were canceled, according to Redfin—marking the highest cancellation rate for that month since 2017. While this figure represents a slight uptick from 14.0% a year earlier, it reflects mounting…
Recent data shows that college graduates in the United States are entering the toughest job market in over a decade. As of March 2025, the unemployment rate for young adults aged 22 to 27 with a bachelor’s degree stood at 5.8%, compared to the national average of 4.2%. Economists are growing increasingly concerned that this gap between recent college grads…
Economic Pressure Mounts Amid Fragile Middle East Ceasefire As President Donald Trump navigates a precarious ceasefire between Israel and Iran, analysts warn that his aggressive trade policy may limit the administration’s flexibility. The U.S. economy is already under inflationary pressure from sweeping tariffs. A fresh surge in oil prices could add to that burden, leaving policymakers with little room to…
