Matt Rowe

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Business News

UnitedHealth CEO steps down for “personal reasons”

On Tuesday, UnitedHealth Group announced that Andrew Witty, its CEO, had resigned from his position. The resignation happened immediately due to personal reasons. Stephen Hemsley, the former CEO and chairman...
Business News

Meta stock dips after AI product is delayed

Following reports of a delay in the rollout of its artificial intelligence (AI) product, Meta Platforms (NASDAQ: META), which runs some of the most well-known social media platforms globally, saw...
Business News

US trade deficit reaches record high

Due to a dramatic increase in goods imports as businesses scrambled to import goods before President Donald Trump imposed steep tariffs, the U.S. trade deficit reached an all-time high in...
Business News

US Economy Has First Contraction in Three Years

At the beginning of 2025, the U.S. economy faltered, experiencing its first contraction in three years. Faster-than-expected price increases and a dramatic increase in imports caused GDP to fall into...
Business News

EU Fines Apple and Meta Hundreds of Millions

Brussels regulators hit two of the biggest names in tech—Apple and Meta—with a combined €700 million ($760 million) in fines Wednesday, stepping up enforcement of the European Union’s sweeping new...
Business News

Trump Claims He Never Planned to Fire Jerome Powell

President Donald Trump dialed back recent threats to remove Federal Reserve Chair Jerome Powell, telling reporters Tuesday, “I have no intention of firing him.” The statement follows a series of...
Business News

US Chip Ban To Slow Chinese AI Endeavors

The U.S. just dropped its most aggressive tech curb yet as new export limits have officially cut off key AI chip sales to China. The move directly targets Nvidia and...
Business News

Trump Threatens to Fire Fed Chair Jerome Powell

It’s not new to hear of President Donald Trump being upset with Fed Chair Jerome Powell. Trump has repeatedly pressured Powell to cut interest rates, but Powell doesn’t seem to...
Business News

NVIDIA To Make Supercomputers Only in US

NVIDIA, one of the largest companies in AI, has elected to make their supercomputers entirely within the walls of the US. This announcement came right after Trumps tariffs on all...
Business News

World Prepares for Potential Trade War Downturn

In recent weeks President Donald Trump has been increasing stakes with tariffs with many foreign countries. While many countries and economies have been impacted, tariffs are highest for the second...
Business News

Consumer Outlook Shifts Towards a Recession

After Liberation Day the stock market plummeted due to high tariffs by President Donald Trump. According to some experts. about $6 trillion was lost by this stock decline. While it’s...
Business News

EU Is Prepared to Retaliate Against US Tariffs

It's no news that many tariffs are coming out of the US against other countries. These tariffs are impacting countries such as Mexico, Canada, China, and now the European Union...
Business News

Boston Celtics Sold for $6.1 Billion

The Boston Celtics basketball team is being sold to Bill Chisholm for $6.1 billion. While the deal is still pending NBA Board of Governors approval, this move has many basketball...
Business News

Wall Street Banks to Cut Thousands of Jobs

Wall Street banks have been cutting thousands of jobs and potentially may cut more. Banks such as Morgan Stanley, Goldmach Sachs, and Bank of America are all participating. These cuts,...
Business News

Trump Threatens a 200% Alcohol Tariff

President Donald Trump recently threatened a 200% tariff on all European alcohol if the European Union (EU) implements an American whiskey tariff. The EU has planned this alcohol tariff in...
Business News

Stock Market Falls due to Tariff Concerns

Donald Trump has continued to announce major tariffs with a goal to protect US companies and products. Tariff concerns are rising as people expect prices will increase for everyone involved....
Business News

Department of Education to be Cut in Half

Just last week, workers at the Department of Education were starting to worry about their jobs. It seems that those worries were valid, as Linda McMahon, Secretary of Education announced...
Business News

US Consumer Confidence Plummets In February

In February, consumer confidence in economic wellbeing plummeted and was the largest decrease in confidence since August 2021. Many are not happy with the lack of lowering inflation by President...
Business News

Elon Musk Challenges ChatGPT with Grok-3

Last year, Elon Musk, CEO of Tesla, X, and SpaceX and a member of the Trump administration team, founded a startup called xAI to challenge OpenAI’s dominance of ChatGPT. While...
Business News

Egg Prices Rise Again

While the national inflation level is at 2.9%, it certainly doesn’t feel that way for many Americans. In February 2025, egg prices have risen again, but this time, to record...

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