As the United States gears up for Election Day, American consumers are showing a significant boost in confidence, according to a recent report by a business research group. The Consumer Confidence Index, which measures both current economic conditions and future expectations, jumped to 108. 7 in October from 99. 2 in September. This increase is the largest monthly ga...
Procter & Gamble recently announced its earnings for the first quarter of 2025, and the news wasn’t great. Sales in China, the company’s second-biggest market, dropped by 15%. This is due to economic struggles like falling home prices and rising unemployment rates. People are spending less, which means fewer sales for P&G’s products like shampoo and diapers. The comp...
Fed Chair Jerome Powell made headlines recently with a surprise decision to cut interest rates for the first time since the COVID-19 pandemic. The move was met with reactions from all corners of the political spectrum, with some praising the action as a step to boost the economy and others accusing the Fed of playing politics. Donald Trump, the Republican presidenti...
The gaming industry has been rocked by a wave of layoffs, leaving many wondering if corporate greed is to blame. Chris Deering, former president of Sony Computer Entertainment Europe, thinks not. Deering shared his thoughts on the matter, saying that the layoffs are not due to greed, but rather a natural cycle. I don't think it's fair to say that the resulting layof...