Economy

Trump Defends Saudi Crown Prince Amid Renewed Scrutiny Over Khashoggi Killing

SMGN Publishing November 18, 2025

Trump Reinforces Support for Saudi Crown Prince as Debate Over Accountability Intensifies Former President Donald Trump renewed his public defense of Saudi Crown Prince Mohammed bin Salman during an Oval Office exchange. This exchange reignited global attention on the killing of journalist Jamal Khashoggi. While dismissing questions related to responsibility

Holiday Wine Prices Set to Rise in the U.S. as New Tariffs Pressure Importers, Retailers, and Consumers

SMGN Publishing November 15, 2025

Wine lovers preparing for holiday gatherings in 2025 are facing an unexpected challenge: higher prices and reduced availability at wine shops across the United States. Retailers are bracing for significant changes in wine costs as tariff policies collide with shifting consumer behavior, rising production expenses, and slowing demand. Many shop

Walmart CEO Doug McMillon to Step Down After a Decade as Retail Giant Accelerates Its U.S. and Digital Expansion

SMGN Publishing November 14, 2025

Walmart Announces Leadership Shift as Doug McMillon Retires After a Decade of Transformation Walmart confirmed that chief executive Doug McMillon will retire in January after more than ten years leading the world’s largest retailer. He led it through a period of extensive reinvention, digital acceleration, and a sharpened strategic focus

Trump Ends Record Government Shutdown With Short-Term Spending Bill Amid Political Tensions

SMGN Publishing November 13, 2025

Federal Operations Resume After Historic 43-Day Shutdown After more than six weeks of suspended services and unpaid federal employees, President Donald Trump has officially signed a short-term budget bill to reopen the U.S. government. This move marks the point where Trump ends longest government shutdown in the nation’s history. The

Google Takes Legal Action Against Global SMS Scammers Operating Phishing-as-a-Service Network

SMGN Publishing November 12, 2025

Google Targets International Phishing Network in Landmark Lawsuit Google has intensified its fight against cybercrime by filing a major lawsuit against an alleged international criminal organization accused of running large-scale SMS phishing attacks, also known as “smishing.” The group, known as “Lighthouse,” is believed to be operating from China and

Warren Buffett Announces Step Back as Berkshire Hathaway Prepares for a New Era

SMGN Publishing November 11, 2025

Warren Buffett Confirms His Transition: Berkshire Hathaway Enters a New Chapter Warren Buffett, the 95-year-old titan of global investing and long-standing CEO of Berkshire Hathaway, has confirmed that he will “go quiet” after stepping down at the end of the year, leading to increased focus on the Warren Buffett Berkshire

Visa and Mastercard Settlement Could Reshape U.S. Retail Fees and Consumer Rewards

SMGN Publishing November 10, 2025

In a move that could reshape how businesses and consumers interact with credit card payments, Visa and Mastercard have finalized a landmark agreement with U.S. retailers. This agreement is aimed at lowering merchant interchange fees. This Visa and Mastercard merchant fee settlement follows more than two decades of litigation. The

Elon Musk’s $1 Trillion Tesla Pay Package Sparks Global Debate Over Corporate Power and Innovation

SMGN Publishing November 7, 2025

Tesla Shareholders Approve Elon Musk’s Historic $1 Trillion Pay Package In a landmark corporate event, Tesla shareholders have approved a record-setting compensation package for CEO Elon Musk, valued at nearly $1 trillion. The plan, supported by roughly 75% of votes, grants Musk access to over 400 million Tesla shares if

Mamdani’s NYC Win Echoes Nehru’s ‘Tryst with Destiny’ Speech

SMGN Publishing November 6, 2025

Zohran Mamdani told a jubilant crowd in New York on Wednesday, “A moment comes but rarely in history when we step out from the old to the new,” intentionally quoting India’s first prime minister, Jawaharlal Nehru’s seminal midnight speech of 1947. This speech was delivered as the country achieved independence.

‘Beautiful Bill’ Tax Breaks: How the New Law Permanently Benefits the Wealthiest Americans

SMGN Publishing November 5, 2025

The extension of a sweeping series of tax breaks was approved by the Republican-led Congress this past summer as part of President Trump’s widely publicized “One Big Beautiful Bill.” It has created an atmosphere of financial certainty and relief among the nation’s most affluent citizens. These legislative changes, which lock

$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

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

Climate Change Redefines the 2025 Atlantic Hurricane Season

Sarah Olivella December 24, 2025

The 2025 Atlantic hurricane season challenged long-standing assumptions about what an active year looks like. While the United States avoided direct landfalls entirely, the season still produced some of the most intense hurricanes ever recorded. Scientists describe the pattern as increasingly representative of how climate change is altering tropical weather