News: Economy

OnlyFans Distributes $25 Billion to Creators, CEO Announces

OnlyFans CEO Keily Blair revealed the platform has paid creators over $25 billion since 2016, noting the company's pride in generating creator wealth....

Automotive Industry Turbulence: First Brands Files for Bankruptcy Amid Economic Concerns

First Brands, an automotive parts supplier, files for Chapter 11 bankruptcy, signaling potential economic distress. The auto loan market, at $1.7 tril...

Starbucks Initiates Major Restructuring with Store Closures

Starbucks announced the closure of hundreds of stores and layoffs at its headquarters, aiming to revitalize its business and long-term growth....

U.S. Tariff Revenues Hit Record $31 Billion in August

In August, U.S. tariff revenues reached a new high of $31 billion, marking a significant milestone for the Trump administration's trade policies. Trea...

New Tax Legislation Exempts Tips from Federal Income Tax for Millions of Workers

The Trump administration has unveiled a list of occupations eligible for tax-free tips under new GOP tax legislation. This impacts millions of workers...

Jobs.Now Initiative Exposes Hidden Job Listings to Support American Workers

Jobs.Now aims to uncover hidden high-paying job listings reserved for foreign applicants, ensuring American workers have fair access. The initiative e...

U.S. Housing Market Cools: Prices Dip in Major Cities Amid Economic Woes

A Zillow report indicates a downturn in the housing market, with significant price cuts in half of the largest U.S. metros, highlighting economic pres...

McDonald's Reduces Combo Meal Prices to Appeal to Budget-Conscious Diners

McDonald's and its franchisees have decided to cut prices of eight popular combo meals by 15%. This move aims to restore the brand's image as an affor...

Trump Secures 10% Stake in Intel for U.S. in Landmark Deal

President Trump announces a deal securing a 10% stake in Intel for the U.S., aiming to boost semiconductor leadership without government expenditure....

Bed Bath & Beyond Shuns California Expansion, Blames Policies

Bed Bath & Beyond's Marcus Lemonis cites California's regulatory climate as a barrier to business, while Governor Newsom dismisses the company's relev...

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