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Top Articles
In a surprise move, the Senate passed the No Tax on Tips Act. The vote was unanimous. The bill was originally introduced by Sen. Ted Cruz (R-Texas) to little fanfare. However, on May 20, Sen. Jacky Rosen (D-Nev.), one of seven cosponsors of the bipartisan bill, brought it to the…
Credit Cards
Q1 Earnings Reports Baidu Search giant Baidu (9888 HK, BIDU), which has AI ambitions, released its Q1 financial results after the Hong Kong close today. Revenue increased by +3% to RMB 32.45B ($4.47B) from RMB 31.50B and versus expectations of RMB 31.00B. Baidu Core (Search) revenue increased by +7% to RMB 25.46B ($3.51) from RMB 23.80B. Adjusted Net Income fell by -8% to RMB 6.47B ($891mm) from RMB 7.01B and versus expectations of RMB 5.04B. Adjusted EPS fell by -7% to RMB 18.54 ($2.55) from RMB 19.19 and versus expectations of RMB 14.97. Full Truck Alliance Full Truck Alliance (YMM…
Small businesses are the engine of the American economy. They are often the first to innovate, the fastest to adapt, and the most determined to persevere through change. In moments of uncertainty, they continue to move forward not because conditions are perfect, but because resilience is embedded in their DNA. According to BoeFly’s April 2025 Franchise Growth Confidence Index,72.7 percent of franchisors remain confident in achieving their 2025 growth goals. That level of confidence in nearly three out of four leaders is significant considering the broader economic narrative around inflation, tariffs and ongoing interest rate uncertainty. Additionally, 65.2 percent expect…

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Banking
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