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News & Articles By Cassie B.
07/08/2025
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By Cassie B.
Trump slaps 25% tariffs on key Asian allies Japan and South Korea
Trump imposes 25% tariffs on Japan and South Korea, effective August 1, citing unfair trade imbalances and warning of hikes if allies retaliate. The tariffs, part of Trump’s broader trade strategy, also target South Africa, Bangladesh, Laos, and Myanmar at rates up to 40%. Japan and South Korea express shock and dismay, pledging to negotiate […]
06/20/2025
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By Cassie B.
Iran threatens Strait of Hormuz closure amid Israel conflict, risking global oil price surge
Iran threatens to blockade the Strait of Hormuz, risking a global oil price surge. The strait handles 20% of global oil and 30% of seaborne crude, making it critical for energy trade. A blockade would trigger a supply shock, spiking inflation and disrupting economies worldwide. Iran is unlikely to fully close the strait as it […]
06/18/2025
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By Cassie B.
Former Iranian minister warns of 100-day oil blockade in critical Strait of Hormuz
Iran threatens to restrict oil tanker traffic through the Strait of Hormuz, risking a surge in Brent crude prices to $130 per barrel and global energy chaos. The strait handles 20% of global oil trade, and a blockade could devastate economies reliant on Middle Eastern energy exports. Iran’s unofficial warning aligns with its history of […]
06/10/2025
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By Cassie B.
Cyberattack cripples North America’s largest grocery distributor, threatening supply chain
UNFI, North America’s largest grocery distributor, halted deliveries after a cyberattack disrupted operations for 30,000 retail locations. The breach forced UNFI to shut down critical systems, causing temporary but widespread supply chain disruptions. Grocery chains like Morton Williams and Whole Foods face shortages, with smaller businesses hit hardest by delivery stoppages. The attack aligns with […]
06/02/2025
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By Cassie B.
Ukraine defaults on $665 million debt payment as war spending leaves creditors unpaid
Ukraine defaults on a $665 million payment to creditors in its first failure on growth-linked debt since 2015. The war-torn nation refused payment after restructuring talks with hedge funds collapsed, worsening financial instability. A removed cross-default clause prevents broader debt crises but damages investor confidence in Ukraine’s long-term solvency. Ukraine’s economy remains crippled by war, […]
05/30/2025
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By Cassie B.
Trade truce in danger as Trump accuses China of violating deal, talks hit roadblock
U.S.-China trade talks have stalled, requiring direct intervention from Presidents Trump and Xi to break the deadlock. A temporary tariff truce is collapsing as Trump accuses China of violating the deal, risking a renewed trade war. Treasury Secretary Bessent warned negotiations are stalled but expressed confidence in a resolution if both leaders engage. Courts are […]
05/30/2025
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By Cassie B.
GM shifts away from EV push with $888M investment in New York V-8 engine plant
GM invests $888 million in its Tonawanda plant, the largest single investment in an engine facility, shifting focus from EV drive units to sixth-gen V-8 engines. The move safeguards 870 jobs, including 177 at-risk positions, while promising better fuel efficiency and lower emissions by 2027. GM reverses its EV strategy amid softening demand, prioritizing profitable […]
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 […]
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