Maryland Loses Historic Triple-A Bond Rating After 50 Years Maryland’s long-standing reputation for fiscal responsibility has taken a hit as credit rating agency Moody’s Investors Service downgraded the state’s bond rating from the coveted Aaa (Triple-A) status to Aa1, marking a significant turning point in the state’s economic profile. The downgrade, announced on Wednesday, ends … Read more
Capital One Accused of Misleading Customers With False High-Interest Savings Promises In a bold legal move, New York Attorney General Letitia James has filed a lawsuit against Capital One in Manhattan federal court, accusing the banking giant of deceptive practices that cost customers millions in lost interest. The complaint centers on Capital One’s once-promoted “high … Read more
Hertz Reports Unexpected First-Quarter Loss, Sending Shares Down 17% Hertz Global Holdings Inc. witnessed a sharp drop in its share price, falling 17% during trading on Tuesday following the release of its worse-than-expected first-quarter financial results. The car rental company recorded a significant decline in revenue and profitability as it struggled with softening demand, particularly … Read more
Microsoft, one of the world’s most prominent technology companies, has announced a significant reduction in its global workforce, impacting nearly 3% of its employees. The move is part of the company’s broader effort to streamline operations, boost efficiency, and align its resources with strategic priorities in a rapidly evolving tech landscape. Microsoft Confirms Layoffs Affecting … Read more
Boeing’s April Aircraft Deliveries Surge Significantly Boeing has reported a substantial increase in commercial aircraft deliveries for April 2025, marking a critical milestone in its post-crisis recovery journey. The U.S. aerospace giant delivered 45 commercial jets, almost double the 24 jets it delivered in the same month of 2024. This jump not only signals Boeing’s … Read more
Historic Capital One-Discover Merger Gains Momentum with Regulatory Green Light The long-anticipated $35 billion merger between Capital One and Discover Financial Services has moved one step closer to completion, following the official approvals from multiple U.S. regulatory agencies. This transformative acquisition is set to reshape the landscape of the American financial sector and challenge the … Read more
Amazon’s Global Scale Shields It From Tariff Shocks As global trade tensions escalate, particularly with the United States imposing 145% tariffs on Chinese imports, many businesses are scrambling to recalibrate. However, Amazon (NASDAQ: AMZN) stands in a position of relative strength. Despite short-term stock volatility, Amazon’s scale, global logistics infrastructure, and diversified revenue streams make … Read more
Oil prices experienced a volatile session as geopolitical developments and shifting trade policies cast uncertainty over global crude markets. While a temporary US tariff reprieve initially provided support to oil, it was soon offset by optimism surrounding Iran nuclear negotiations, which could lead to increased oil supply from the OPEC member. Volatility Grips Crude Markets … Read more
In a bold move aimed at revamping its corporate strategy and improving its financial position, Intel Corporation has announced the sale of a 51% stake in its programmable chip unit, Altera, to Silver Lake Management, a leading global technology investment firm. The transaction values Altera at $8.75 billion, a significant discount from the $16.7 billion … Read more
UK Government Takes Control of British Steel to Safeguard National Interest In a decisive move to protect national industrial sovereignty, the United Kingdom has assumed direct control of British Steel’s blast furnace operations, following a standoff with its Chinese owners, Jingye Group. This marks a pivotal shift in the UK’s foreign investment policy, particularly concerning … Read more
