devhealthylife1@gmail.com

Wealth inequality is worse than ever as K-shaped economy widens

Wealth inequality is worse than ever as K-shaped economy widens

The gap between the best and worse off Americans is growing — and economists don’t see an end in sight. The “K-shaped” economy has been top of mind for consumers, corporate leaders, policymakers and investors since the Covid pandemic drastically reshaped Americans’ financial habits almost six years ago. Economists now warn that this two-speed economic…

Read More
Trump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell

Trump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell

President Donald Trump on Friday named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, ending a five-month odyssey that has seen unprecedented turmoil around the central bank. The decision culminates a process that officially began last summer but started much earlier than that, with Trump launching a fusillade of criticism against the Powell-led…

Read More
Microsoft tumbled 10% in a day, flat premarket. Here’s why

Microsoft tumbled 10% in a day, flat premarket. Here’s why

Key Points Microsoft’s stock saw its biggest daily decline since 2020 on Thursday, falling 10%. The stock is up 0.5% premarket on Friday. Thursday’s share slide wiped $357 billion off the software giant’s market cap. Analysts attributed the move to company’s cloud computing business growing slightly slower than expected. Microsoft’s stock isn’t recovering in Friday’s…

Read More