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Tag: United States Economy

CVR Energy Reports Second Quarter 2025 Results, Announces Leadership Transition Plans

SUGAR LAND, Texas, July 30, 2025 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI, “CVR Energy” or the “Company”) today announced second quarter 2025 net loss attributable to CVR Energy stockholders of $114 million, or $1.14 per diluted share, compared to second quarter 2024 net income attributable to CVR Energy stockholders of $21 million, or 21 cents per diluted share. Adjusted loss for the second quarter of 2025 was 23 cents per diluted share, compared to adjusted earnings per diluted share of 9 cents in the second quarter of 2024. Net loss for the second quarter of 2025 was $90 million, compared to net income of $38 million in the second quarter of 2024. Second quarter 2025 EBITDA loss was $24 million, compared to second quarter 2024 EBITDA of $103 million. Adjusted EBITDA for the second quarter of 2025 was $99 million, compared to adjusted EBITDA of $87 million in the second quarter of 2024.

Tariff Rates Skyrocket—Economists Finally Discover Gravity

President Trump, the self-proclaimed "tariff man," seems to have a peculiar hobby: reviving relics of past economic blunders by advocating for tariffs reminiscent of...

Economy’s Resilience: A Myth Busted by Tariff Reality Check

So here we are again, witnessing President Trump’s grandiose trade war escapades, now targeting the European Union with a fresh batch of tariffs. The...

Inflation Soars—Trump’s Tariff Tantrum: The Economic Masterpiece We All Needed

Ah, the delightful spectacle of tariffs—a little economic theater where everyone pretends that taxing imports is the pinnacle of strategic genius. President Trump, in...

First Bancshares, Inc. Announces Operating Results for Quarter Ended June 30, 2025

MOUNTAIN GROVE, Mo., July 11, 2025 (GLOBE NEWSWIRE) -- First Bancshares, Inc. (OTCQX: FBSI) (“Company”), the holding company for Stockmens Bank (“Bank”), today announced its unaudited financial results for the quarter ended June 30, 2025.

Tariff Tantrum: Trump Keeps Global Markets Guessing—Again

The spectacle of tariff threats is back, courtesy of President Trump, who seems to think international trade negotiations are akin to a reality TV...

Trump’s Fiscal Fireworks: A Brilliant Plan for Economic Chaos

Ah, Washington. The paragon of fiscal prudence. For decades, our esteemed lawmakers have been engaged in a bipartisan race to see who can degrade...

Trump’s Tariffs: Business Savvy or Economic Kabuki Theatre?

In the grand spectacle of post-pandemic labor market woes, Thunderdome Restaurant Group's tale is almost cliché. Imagine, once upon a time, 100 hopefuls signing...

Potential Tax Changes Under Trump—Evaluate the Impact on Holiday Financial Planning

In 2012, I encountered Dane Chapin, a seasoned entrepreneur from San Diego, who challenged my views on climate change during a conversation in his...

Fed’s ‘Wait and See’—Translation: ‘Cross Fingers and Hope for the Best’

The Federal Reserve, in its infinite wisdom, has decided to cling to its current interest rate policy, holding steady for yet another meeting. This...

House Policy Bill: Debt Tsunami Drowns Economic “Gains” in Fiscal Fantasyland

In the latest episode of "Let's Pretend We Understand Fiscal Responsibility," the Congressional Budget Office (CBO) has delivered yet another scathing assessment of the...

Trump’s Steel Tariffs: Because Who Needs Affordable Appliances Anyway?

Ah, the Commerce Department strikes again, delivering yet another masterstroke in their ongoing saga of "How to Make Everything More Expensive for American Households."...

Oil Prices Set to Soar—Because Geopolitics Never Overreacts, Right?

A delightful dance of geopolitical chaos has once again graced us with its presence, as oil prices pirouette upwards in response to Israel's little...

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