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General Motors takes massive $1.6 billion hit as electric vehicle sales stall

General Motors will record a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. Shares fell less than 2% before the opening bell Tuesday. The EV tax credit ended last month. The clean… Read More

October 14, 2025

Top finance CEO killed in tragic ATV accident

LendingTree CEO and founder Doug Lebda died in an an all-terrain vehicle accident over the weekend, the online loaning platform said Monday. He was 55. In a company announcement, LendingTree confirmed that Lebda died on Sunday and that the company was greiving his unexpected death. A spokesperson said the accident… Read More

October 14, 2025

JD Vance warns federal workers: ‘Deeper’ cuts coming?

Vice President JD Vance on Sunday said there will be deeper cuts to the federal workforce the longer the government shutdown goes on, adding to the uncertainty facing hundreds of thousands who are already furloughed without pay amid the stubborn stalemate in Congress. Vance warned that as the federal shutdown… Read More

October 13, 2025

Trump’s bombshell move will rock the market

The Trump administration is doing something unprecedented: Making massive investments in critical American businesses through the stock market. The bombshell move isn’t just to make money – the goal is to take a stake in companies that help protect America’s safety, sovereignty, and stability. That said, even though their goal… Read More

October 10, 2025

Ferrari unveils its first fully electric vehicle

Italian luxury sports carmaker Ferrari raised its 2025 guidance on Thursday in the face of global 15% tariffs on foreign car imports to the United States as the company unveiled the new powertrain and chassis of its first fully electric production vehicle. Yet the debut of its electric vehicle was… Read More

October 10, 2025

Barron Trump just made his first huge move (thanks to Dad!?)

President Donald Trump’s 19-year-old son Barron Trump has been tapped for a top position with one social media titan. And insiders say the younger Trump is in the running for the job because his dad owes him one — big time. According to Donald Trump’s former social media manager, Jake… Read More

October 9, 2025

IRS to furlough half its workforce because of government shutdown

The IRS will furlough nearly half of its workforce on Wednesday as part of the ongoing government shutdown, according to an updated contingency plan posted to its website. Most IRS operations are closed, the agency said in a separate letter to its workers. The news comes after President Donald Trump… Read More

October 9, 2025

The S&P 500’s next three months look like…

Last week we looked at the returns for the Third Quarter and a little bit of analysis for the October to December period. This week we get into the weeds on how the fourth quarter should evolve. First , let’s take a look at the last 10 years (2015 through… Read More

October 9, 2025

Donald Trump outfoxes Chuck Schumer in latest shutdown move

Despite the ongoing government shutdown that has halted many services for at-need Americans, President Donald Trump just executed a clever move to help keep food on the table for millions of Americans despite the shutdown. Late yesterday, the White House announced that it will use tariff revenue to avoid shutting… Read More

October 8, 2025

Tesla unveils 2 “cheaper” versions of popular electric vehicles

Tesla rolled out new, cheaper versions of two of its electric car models on Tuesday in hopes the offerings will help revive flagging sales but investors dumped its stock anyway. The new Model Y, costing just under $40,000 with a stripped-down interior, comes in a brutal year for Tesla as… Read More

October 8, 2025
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