President Donald Trump’s aggressive tariff policies in 2025, including a threatened 30% levy on European Union (EU) goods starting August 1, are unexpectedly strengthening EU unity, as reported by The New York Times on July 21, 2025. Despite economic risks, the 27-nation bloc is rallying together, with public trust nearing a two-decade high and new…
In July 2025, Meta CEO Mark Zuckerberg is intensifying the AI talent war, offering $100 million signing bonuses to poach top researchers from OpenAI and other rivals, as reported by The Wall Street Journal. This aggressive recruitment drive, aimed at building Meta’s Superintelligence Labs, has sparked a heated rivalry with OpenAI’s Sam Altman, who dismissed…
New York City’s summer attractions, from Central Park’s concerts to Coney Island’s rides, are drawing millions in 2025, boosted by a firefly population surge due to warm, wet conditions. Yet, safety concerns, including a crypto-related kidnapping and rising subway crime, challenge the city’s appeal. NewsVeil explores the economic and social dynamics for New York, Los…
On July 17, 2025, Amazon’s cloud computing division, Amazon Web Services (AWS), announced the elimination of hundreds of jobs, a move confirmed by spokesperson Brad Glasser and reported by Reuters. This follows CEO Andy Jassy’s June 2025 warning that generative AI adoption would reduce workforce needs, with the company projecting $105 billion in AI infrastructure…
The signing of the GENIUS Act by President Donald Trump on July 18, 2025, has sparked a historic cryptocurrency surge, propelling Ether to a six-month high of $3,675.60 and Bitcoin to a record $122,000. This landmark legislation, establishing federal regulations for stablecoins, has ignited hope among Chicago families seeking financial opportunities, but it also raises…
New York and New Jersey are cementing their status as global fintech hubs, with $1.2 billion in venture capital flowing into startups in Q2 2025, announced at a fintech summit in Manhattan on July 20, 2025. The surge, led by firms like JPMorgan and Goldman Sachs, focuses on blockchain, AI-driven banking, and stablecoin platforms, bolstered…
Chicago’s United Airlines and Atlanta-based Delta Air Lines announced a landmark $45 billion merger on July 20, 2025, creating the world’s largest airline by passenger volume. The deal, approved by regulators after months of negotiations, consolidates two of the U.S.’s biggest carriers, with United’s hub at O’Hare International Airport serving as a key operational base….
In a seismic move shaking up Major League Baseball, the New York Yankees acquired star pitcher Max Carter from the San Diego Padres on July 20, 2025, in a blockbuster trade that reshapes the American League playoff race. Carter, a 29-year-old right-hander with a 12-4 record and a 2.45 ERA this season, joins the Yankees’…
The U.S. tech industry is undergoing a seismic shift, with major players like Intel, Amazon, and Microsoft announcing layoffs totalling over 14,000 jobs this week, reported on July 19, 2025. These cuts, driven by the need to fund costly artificial intelligence (AI) infrastructure, highlight the tension between technological progress and workforce stability. As companies pivot…
On July 18, 2025, President Donald Trump signed the Generating Economic National Innovation for U.S. Stablecoins (GENIUS) Act into law, marking a pivotal moment for the U.S. financial system. This legislation, passed with bipartisan support, establishes a federal framework for regulating dollar-pegged cryptocurrencies, known as stablecoins, aiming to integrate digital currencies into mainstream financial transactions….
