Posts by Amelia Frost
U.S. Manufacturing Activity Hit A Four-Year High in May, But There’s a Caveat
U.S. manufacturing activity rose to its highest level in four years in May amid rising costs, supply disruptions and uncertainty tied to the war with Iran, according to new data. The S&P Global flash U.S. manufacturing purchasing managers’ index climbed to 55.3 in May from 54.5 in April, marking the strongest reading since May 2022.…
Read MoreRick Roussin’s Journey from Childhood Trauma and Addiction to Leading a Company Built on Second Chances
Rick Roussin For nearly four decades, Rick Roussin built Coast to Coast Computer Products into a national business serving organizations across the United States. According to him, the company’s deeper foundation was shaped long before its launch in 1985. Years marked by childhood instability, addiction, recovery, and personal transformation ultimately influenced the culture he later…
Read MoreMusk’s SpaceX Files For Blockbuster IPO As Starlink Profits Offset Deep Company Losses
SpaceX has formally launched plans for a massive public stock offering, opening its financial records to investors for the first time and revealing a business generating billions in revenue while still losing heavily on operations. The filing, made public Wednesday, showed Elon Musk’s company lost $2.6 billion from operations in 2025 on revenue of $18.7…
Read MoreIran War Pushes Europe Toward Stagflation as Prices Rise And Growth Remains Subdued
The war in Iran is dragging Europe into a new economic squeeze, pushing prices higher just as growth weakens across the continent and raising fresh fears of stagflation in the continent, according to a new report. Reuters detailed on Thursday found that the conflict is worsening Europe’s energy shock, hitting businesses, consumers, and policymakers at…
Read MoreIranian Supreme Leader Reportedly Issues Directive To Keep Enriched Uranium In The Country
Iranian Supreme Leader Mojtaba Khamenei has reportedly a directive saying that the country’s enriched uranium must remain in the country, according to a new report. Reuters published the report citing two senior Iranian sources. The development could doubt on whether a deal with the U.S. can be reached, especially considering that President Donald Trump has…
Read MoreTrump Says He Will Speak To Taiwanese Leader Despite China’s Warnings: ‘I Speak To Everybody’
President Donald Trump said he will speak with Taiwanese leader Lai Ching-te despite China’s warnings on the matter. “I’ll speak to him,” Trump said while speaking to reporters before boarding Air Force one at Joint Base Andrews. He was asked whether he would speak to Lai before deciding on whether to sign off on an…
Read MoreWalmart Warns Of Pressure On Shoppers As High Gas Prices Weigh On Spending
Walmart warned Thursday that higher gas prices are putting pressure on American shoppers. The country’s largest retailer issued a weaker-than-expected financial outlook despite reporting strong quarterly sales growth amid ongoing economic uncertainty tied to inflation, the war in Iran and global trade tensions. The retailer said it expects adjusted earnings per share for fiscal 2027…
Read MoreIran Says Latest U.S. Proposal To End The War ‘Reduced The Gaps’ As Negotiations Continue
Iran said the latest U.S. proposal to end the war “reduced the gaps to some extent.” Iran said the latest U.S. proposal to end the war “reduced the gaps to some extent” as negotiations continue to avoid a return to hostilities. The country’s semiofficial ISNA news agency detailed that a visit from Pakistan’s army chief…
Read MoreEx-DOJ Prosecutor Charged With Stealing Jack Smith Report On Trump Case
A former federal prosecutor in Florida has been indicted on charges that she tried to take a sealed copy of special counsel Jack Smith‘s classified final report on President Donald Trump‘s classified documents case. Carmen Mercedes Lineberger, who worked in the U.S. Attorney’s Office for the Southern District of Florida and managed its Fort Pierce…
Read MoreTrump Orders Federal Reserve Review Of Crypto Access To US Payment Rails
President Donald Trump has signed an executive order directing U.S. financial regulators and the Federal Reserve to review long-standing restrictions that limit cryptocurrency and fintech firms’ access to core U.S. payment systems, including Federal Reserve settlement infrastructure. The order instructs federal agencies to complete an initial review of existing regulations within three months and take…
Read MoreJeff Bezos Says Space Data Centers Are Realistic, But Thinking They Will Happen In The Near Future Is ‘a Little Ambitious’
Jeff Bezos said the idea of putting data centers in space is plausible, but not in the near-term future. Speaking to CNBC‘s Andrew Ross Sorkin on Wednesday, the billionaire said orbital data centers are a “very realistic” development as artificial intelligence fuels an unprecedented demand for computing power and electricity. Still, Bezos pushed back against…
Read MoreUAE Says Its Pipeline To Bypass The Strait Of Hormuz Is Almost Halfway Done
The UAE said the pipeline it’s building to bypass the Strait of Hormuz is almost halfway complete after accelerating construction while the key waterway remains closed as a result of the war in Iran. Sultan Ahmed Al Jaber, CEO of Abu Dhabi National Oil Company, or ADNOC, announced the development in an interview with the…
Read More