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News & Articles By Cassie B.
05/16/2025
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By Cassie B.
Coinbase stock drops 7% as SEC probes user metrics and hackers demand $20M ransom
Coinbase stock dropped 7% after-hours due to a major data breach and an ongoing SEC investigation into misleading user metrics claims. The SEC is probing Coinbase’s past claim of “100+ million verified users,” questioning its accuracy and impact on investors. A cyberattack exposed customer data after hackers bribed overseas support agents, leading to potential $400M […]
05/16/2025
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By Cassie B.
Coinbase faces $400M fallout after insider-led phishing attack exposes customer data
Coinbase suffered a major phishing attack involving bribed overseas contractors who stole sensitive user data, including personal details and transaction histories, though no funds were compromised. The attackers demanded a $20 million ransom, but Coinbase refused and instead offered a $20 million bounty for their capture, leading to potential costs of up to $400 million. […]
05/14/2025
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By Cassie B.
Inflation slows to 2.3%, marking lowest rate since 2021 as Trump policies reverse Biden-era price surges
The U.S. inflation rate dropped to 2.3% in April, the lowest since early 2021, offering some relief after years of high prices under the Biden administration. Core inflation held steady at 2.8%, while food and used vehicle prices declined, though shelter costs remained stubbornly high. President Trump’s trade policies and fiscal discipline are credited with […]
05/14/2025
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By Cassie B.
American manufacturing surges as Carrier pledges $1 billion investment, joining Apple and Toyota in reshoring wave
Carrier Global Corporation announces a $1 billion investment in U.S. manufacturing, creating 4,000 high-skilled jobs and expanding facilities for heat pumps, battery systems, and data center cooling. The investment includes Carrier’s TechVantage initiative, which will hire 1,000 service technicians and train over 100,000 professionals in climate solutions over five years. President Trump’s economic policies have […]
05/12/2025
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By Cassie B.
U.S. and China agree to slash tariffs in 90-day trade war truce
The U.S. and China agreed to a 90-day reduction in reciprocal tariffs, easing economic tensions and sparking a global stock rally. U.S. tariffs on Chinese imports will drop from 145% to 30%, while China lowers duties on American goods from 125% to 10%. President Trump called the deal a “total reset,” though key issues like […]
05/12/2025
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By Cassie B.
Trump executive order targeting Big Pharma aims to slash drug prices by up to 80%
President Trump announced a major executive order to slash U.S. prescription drug prices by 30% to 80%, calling it one of his administration’s most significant actions. The “most favored nation” policy will force drugmakers to charge Americans the same low prices they offer abroad, ending decades of inflated costs. Trump criticized Big Pharma for exploiting […]
05/09/2025
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By Cassie B.
Trump and UK strike historic trade deal, setting stage for global tariff negotiations
President Trump and UK Prime Minister Keir Starmer announced a major trade deal on Victory Day’s 80th anniversary, marking the first breakthrough since U.S. tariffs were imposed in April. The agreement grants U.S. farmers and manufacturers expanded UK market access, including $5 billion in new export opportunities, while maintaining a 10% baseline tariff on British […]
05/09/2025
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By Cassie B.
Trump proposes cutting China tariff to 80% ahead of high-stakes trade talks
Trump proposes an 80% tariff on Chinese goods, reversing earlier reports of a cut to 50-54%, escalating trade tensions ahead of critical negotiations. Markets briefly plunged before stabilizing as investors reacted to Trump’s surprise announcement, signaling uncertainty over trade war de-escalation. U.S. businesses face severe financial strain, with tariffs inflating costs and disrupting supply chains, […]
05/09/2025
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By Cassie B.
EU takes Trump to WTO over tariffs, targets U.S. goods with €95 billion countermeasures
The EU is challenging U.S. tariffs at the WTO, accusing the U.S. of violating trade rules and preparing €95 billion in retaliatory measures. The U.S. has imposed a 25% tariff on foreign vehicles, harming European automakers, while Trump threatens a 20% tariff on all EU imports. The EU’s countermeasures target key U.S. industries, including spirits, […]
05/06/2025
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By Cassie B.
UK and India seal major trade deal after three years of negotiations as Trump tariffs reshape global commerce
The UK and India finalized a historic trade deal after three years, cutting tariffs on whiskey, cars, and consumer goods. British whiskey tariffs in India will drop from 150% to 40% over a decade, while UK car tariffs fall to 10%. India gains tariff-free access for 90% of its exports, including textiles and food, boosting […]
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