Steak ’n Shake announced Wednesday that it will contribute $1,000 to “Trump Accounts” for the children of its employees. The Indianapolis-based fast-food chain is the latest company to support the Trump administration’s new investment initiative for newborns. In a post on X, Steak ’n Shake described the program as a…

Elon Musk confirmed Wednesday that Tesla is to stop producing its Model S and Model X premium sedans and SUVs, marking the end of an era for its longest-running models, according to reports. The move came as the company pivots toward autonomous technology and robotics and its earnings report showed…

Kudos to Fed board members Stephen Miran and Chris Waller for dissenting at today’s Open Market Committee meeting. In favor of lowering the Fed funds by one quarter of a percentage point. The economy is in a disinflationary supply-side boom. Growth is strong, but inflation pressures are actually easing. Some…

United Airlines and American Airlines are vying for dominance at Chicago’s O’Hare International Airport. Both major passenger carriers have been aggressively ramping up operations before the upcoming summer travel season. On Tuesday, United Airlines announced that it plans to have its biggest summer at O’Hare, with a record 750 flights…

The Trump administration on Wednesday introduced “Trump Accounts,” a provision of the new tax legislation which will dole out $1,000 to every newborn U.S. citizen whose parents enroll them in the program. No contributions are necessary, but parents can deposit up to $5,000 per year, which will be invested in…

Treasury Secretary Scott Bessent said “big announcements” are coming ahead of Wednesday’s White House summit on the “Trump Accounts.” The program would provide $1,000 in federally funded investment accounts to every U.S. citizen born between 2025 and 2028, with the potential for the accounts to grow significantly over time. Bessent…

One of America’s largest unions has made a public declaration regarding California’s hotly-debated billionaire wealth tax. Teamsters California and its 250,000 members have formally backed state legislation proposing a one-time 5% tax on the net worth of California residents worth more than $1 billion.”The fight to pass the California Billionaire…

Demand is rebounding at Starbucks, signaling that CEO Brian ​Niccol’s turnaround efforts are working.  The company said on Wednesday that sales at North American stores open for at least a year rose by 4%. This growth was mainly due to a 3% increase in purchases from existing customers and a…

United Postal Service CEO Carol Tome said Tuesday that the company is officially retiring its fleet of McDonnell Douglas MD-11 cargo planes after one of them was involved in a deadly crash in Louisville.  Tome told analysts on its fourth-quarter earnings call that the shipping giant has taken a “systematic…

A major leadership transition is underway at Walmart, with CEO Doug McMillon set to retire on Jan. 31, 2026, after more than 40 years at the company. As he wraps up nearly 12 years as CEO, the retailer he leaves behind looks very different from the one he inherited. McMillon…