The recent move by Senate Republicans to pass a revised spending package touts a so-called victory for families: a modest increase in the child tax credit. While the headline suggests an upgrade—raising the maximum credit to $2,200 and proposing to index it for inflation—the reality is far more complicated and less beneficial than it appears.
Many analysts projected a robust comeback for luxury retail in 2025, buoyed by a strong holiday season and a wave of post-election optimism. Yet, beneath this seemingly promising surface lies a starkly different truth. Recent data from Citigroup reveals that U.S. credit card spending on luxury goods has actually declined during the first five months
The U.S. stock market’s recent performance is nothing short of astonishing, defying many expectations and the multiple pressures weighing on the economy. Just a few months ago, markets were rattled by President Trump’s aggressive tariff announcements and the chilling implications of escalating trade tensions, particularly with China. The fear was palpable: rising tariffs could throttle
The Senate GOP’s massive legislative package, ironically dubbed the “One Big Beautiful Bill Act,” represents a glaring example of policy masquerading as progress while delivering a regressively skewed economic impact. Though branded as a sweeping domestic agenda, this bill fundamentally shifts financial resources away from the nation’s most vulnerable—those earning the least—toward already wealthy households.
The WNBA’s recent announcement of three new expansion franchises in Cleveland, Detroit, and Philadelphia marks an undeniably thrilling milestone for women’s professional basketball. Yet beneath the fanfare lies an uncomfortable reality: this bold move carries both the promise of growth and the weight of history’s cautionary tales. While the league’s vision spruces optimism, it also
The cryptocurrency space is no stranger to dramatic shifts, but BitMine Immersion Technologies’ recent strategic realignment marks a particularly audacious move. Traditionally a modest player in bitcoin mining, the company is making a stark pivot by appointing Fundstrat’s Tom Lee—a market strategist with a reputation for bullish crypto forecasts—as chairman, and initiating a $250 million
Navigating today’s volatile stock market requires a strategic approach that balances growth potential with defensive reliability. In uncertain economic climates, dividend-paying stocks emerge as compelling choices, offering investors not only income but also a buffer against choppy market swings. However, not all dividend stocks are created equal. To sift through the noise, it’s beneficial to
Across the United States, countless workers are shackled by debt, and this financial burden is quietly reshaping how they approach their careers. It is no longer just a matter of earning a paycheck; debt has become a dominant, and often oppressive, factor dictating the choices people make in their professional lives. This is not a
Coinbase’s blockbuster performance in June—emerging as the S&P 500’s top gainer—is nothing short of astonishing, especially given the historically volatile and regulatory murky terrain of the cryptocurrency industry. The company’s meteoric 44% surge in a single month, coupled with a sustained rally stretching back to April, defies the doom-and-gloom skepticism that has clung to crypto
The billionaire wedding of Jeff Bezos and Lauren Sanchez in Venice has become a striking exemplification of unchecked wealth flaunted in the heart of a city grappling with deep socio-economic challenges. From the guest list teeming with global celebrities and political figures to the staggering $50 million price tag, the event epitomizes an opulent spectacle