Economy

Tesla Stock Sinks as Musk’s Promises Wear Thin

SMGN Publishing July 24, 2025

Tesla shares fell 9% on Thursday following a disappointing earnings report that revealed sharp declines in revenue and profit, marking one of the worst quarters in the company’s history. Tesla’s earnings were impacted by multiple challenges, including the expiration of the federal EV tax credit for some U.S. buyers starting

Automakers Struggle with Tariff Costs as GM Faces $1.1 Billion Hit

SMGN Publishing July 23, 2025

Automakers are experiencing mounting financial pressure due to the volatile nature of U.S. trade policy. General Motors, one of the largest car manufacturers in the United States, revealed that tariffs cost the company an estimated $1.1 billion over a recent three-month period. This significant expense dropped GM’s profit margin from

Powell Calms Markets as Bonds Rally Amid Fiscal Unrest

SMGN Publishing July 22, 2025

Amid growing political and fiscal uncertainty, the bond market has remained unexpectedly resilient, sending a strong signal to policymakers. In a turbulent week dominated by ongoing U.S.–EU trade negotiations, the beginning of corporate earnings season, and anticipation surrounding the next European Central Bank meeting, investors have largely brushed aside speculation

U.S. Coffee Prices Surge as Tariffs Hit Brazilian Imports

SMGN Publishing July 21, 2025

Inside the D.C.-based Lost Sock Roasters, the usual rich aroma of fresh beans now carries a bitter note—uncertainty. President Trump’s recent announcement of a proposed 50% tariff on Brazilian imports, including coffee, has shaken the U.S. coffee industry. Combined with an existing 10% levy, the move would drastically affect the

A Historic Week for Cryptocurrencies in the U.S.

SMGN Publishing July 19, 2025

The United States has long been cautious about cryptocurrencies, viewing them as too dangerous for the average citizen and risky for the financial system. However, that stance has shifted dramatically this week, marking a historic moment for the digital currency sector. In a significant vote in the House of Representatives

US Tariff on Chinese Graphite Disrupts EV Supply Chain

SMGN Publishing July 18, 2025

Key Mineral Faces Major Import Duty The U.S. government has enacted a new tariff that targets a core component of electric vehicle battery production. The Department of Commerce confirmed a 93.5% duty on Chinese graphite, accusing exporters of selling the material below fair market value. This sharp increase in import

Trump’s Fiscal Deal Eases Markets, Raises Debt Concerns

SMGN Publishing July 17, 2025

Temporary Calm for Markets President Donald Trump’s recently signed “One Big Beautiful Bill,” passed on July 4, brought a wave of short-term relief to Wall Street by extending popular tax cuts and lifting the U.S. debt ceiling by $5 trillion. The legislation, praised by business groups and market analysts, removed

Indonesia and U.S. Conclude Sweeping Tariff Deal After Lengthy Talks

SMGN Publishing July 16, 2025

In a significant development in international trade, the United States and Indonesia have finalized a comprehensive tariff agreement, reducing duties on Indonesian exports from the previously imposed 32% to 19%. The deal also opens the door for expanded bilateral trade, including major new Indonesian commitments to purchase American-made goods. The

Electricity Rates Set to Climb Following Changes in Clean Energy Tax Incentives

SMGN Publishing July 15, 2025

A Shift in Policy and Its Impacts On July 4, President Trump signed legislation that dismantles longstanding tax incentives for renewable energy initiatives like wind and solar. This change is anticipated to elevate power costs for millions of Americans, particularly in states where renewable energy development lacks state-level support. According

EU Pushes Back Massive Tariffs on U.S. as Trade Talks Loom

SMGN Publishing July 14, 2025

EU Extends Suspension, Eyes Negotiation Clock European Commission President Ursula von der Leyen confirmed on Sunday that the EU will postpone its planned retaliatory tariffs against U.S. exports—initially scheduled for Tuesday—until early August. The penalties, sized at €21 billion, were first suspended in March following initial U.S. tariffs on steel and

$1.7 Billion Powerball Jackpot Builds Momentum as Holiday Drawings Approach

Felipe Cardona December 24, 2025

The $1.7 billion Powerball jackpot has become a dominant topic across the United States as the holiday season intensifies interest in one of the most lucrative lottery runs ever recorded. No jackpot winner emerged from the latest drawing, so the prize has continued its upward climb. It is now positioned

Timothée Chalamet Leads a Frenetic Table Tennis Drama This Christmas

Sarah Olivella December 24, 2025

Timothée Chalamet returns to theaters during the Christmas season with a performance that pushes both physical endurance and emotional volatility, anchoring a fast-moving narrative centered on obsession, ambition, and spectacle. Set against the unlikely competitive world of professional table tennis, the film transforms an underrecognized sport into a dramatic battleground

U.S. Bars European Activists Over Alleged Online Censorship Pressure

Sarah Olivella December 24, 2025

The United States government has imposed entry restrictions on five European individuals accused of coordinating efforts to pressure American technology companies into censoring or suppressing U.S.-based political viewpoints. The decision reflects a broader shift in U.S. foreign policy toward confronting what officials describe as extraterritorial attempts to influence protected speech