Newark Liberty International Airport is set to reopen Runway 4L-22R on Monday after an extended closure that caused weeks of delays and travel disruptions. The closure was due to scheduled rehabilitation efforts to address significant wear and tear. Transportation Secretary Sean Duffy will lead a press conference to mark the runway’s return to service. The…
Author: Riley Sullivan
Riley Sullivan explores the stories behind the headlines — how they reflect who we are, and who we’re becoming. With a background in sociology and journalism, Riley writes about cultural shifts, identity, generational change, and the digital landscapes that shape modern life.
Trump Administration Scraps $4 Billion in Clean Energy Grants, Citing Fiscal and Security Concerns
Energy Secretary Chris Wright announced the cancellation of nearly $4 billion in clean energy project grants, mostly awarded during the final months of President Joe Biden’s term. These grants primarily supported carbon capture and storage technologies, along with cleaner industrial processes involving cement and natural gas. Key recipients affected include Heidelberg Materials, Eastman Chemical, and…
Jamie Dimon Backs Closing Carried Interest Loophole, Citing Social Gains and Bond Market Risks
JPMorgan Chase CEO Jamie Dimon publicly endorsed taxing carried interest, a favored tax loophole for private market investors. Speaking at the Reagan National Economic Forum, Dimon aligned with U.S. President Donald Trump’s recent push to close this provision, which allows fund managers to benefit from lower capital gains taxes rather than paying ordinary income tax…
Jamie Dimon’s Crisis Warnings Boost JPMorgan’s Dominance as Strategy and Caution Drive Record Growth
Jamie Dimon, the long-serving CEO of JPMorgan Chase, often paints a bleak picture of the economic landscape, even as his bank continues to thrive. Despite frequent warnings of crises and downturns, JPMorgan has grown into one of the most dominant and profitable financial institutions in the world. Dimon’s consistently grim outlook on macroeconomic and geopolitical…
Abercrombie Stock Soars on Record Q1 Sales as Hollister Shines Despite Profit Forecast Cut
Despite slashing its full-year profit forecast, Abercrombie & Fitch saw its shares surge by over 15% after posting better-than-expected first-quarter results. The retailer reported earnings per share of $1.59, surpassing the $1.39 anticipated by analysts, and revenue of $1.10 billion versus the expected $1.07 billion. This revenue marked a record high for the first fiscal…
Macy’s Cuts Profit Outlook Amid Tariff Strain and Restructuring, But Beats Q1 Expectations
Macy’s reduced its full-year profit forecast for fiscal 2025, despite surpassing Wall Street’s expectations for first-quarter earnings. The company cited higher tariffs, increased promotional activity, and softer discretionary spending as reasons for the revised outlook. While earnings per share are now expected to fall between $1.60 and $2.00, down from an earlier projection of $2.05…
Japan’s Bond Shift Spurs Global Rally as Markets Demand Fiscal Reform Over Short-Term Fixes
Japan, one of the most indebted developed nations, created waves in global bond markets this week by signaling a reduction in super-long tenor debt issuance. This news, reported by Reuters, triggered a rally in government bonds across countries like South Korea, the United States, and the United Kingdom. Yields fell as bond prices rose, reversing…
Nissan Bets on e-Power Tech to Reverse $4.5 Billion Loss and Regain Global Momentum
Struggling with financial losses, Nissan Motor Corp. is pinning its hopes on its new “e-Power” technology to engineer a corporate turnaround. Unlike traditional hybrids such as the Toyota Prius, Nissan’s e-Power system uses a gasoline engine solely to charge the battery, while the electric motor exclusively drives the wheels. This setup delivers a consistently quiet…
Sam Bankman-Fried Could Leave Prison by 2044 After Sentence Reductions for Good Behavior
Sam Bankman-Fried, the disgraced founder and former CEO of the now-defunct cryptocurrency exchange FTX, may be released from prison as early as December 2044. This is more than four years earlier than the original 25-year sentence he received in March 2024. The potential early release, reported by Business Insider, is tied to reductions in his…
ANA Flight Makes Emergency Landing After Passenger Tries to Open Mid-Air Exit Door
A flight operated by All Nippon Airways (ANA), traveling from Tokyo to Texas, was forced to make an emergency landing in Seattle following a serious mid-air incident. According to the airline, Flight 114 was diverted due to the actions of an “unruly passenger” who attempted to open one of the aircraft’s exit doors during flight.…