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Trump Pressures Fed
Ulta Beauty Surges After Beating...
Finance Megaphone
May 29, 2025
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Welcome to Finance Megaphone – Your Free Source for Financial News
At Finance Megaphone, we bring you the latest and most relevant updates from the world of finance. Whether it's market trends, breaking news, or insights from industry experts, we’ve got you covered. Stay informed, stay ahead, and make smarter financial decisions with the news that matters most.
Let’s dive into what’s happening in the market today!
Trump Pressures Fed’s Powell to Cut Rates in Rare White House Meeting
Ulta Beauty Surges After Beating Earnings, Raising Profit Forecast Amid Strong Demand
OpenAI Fights to Keep Countersuit Against Elon Musk in High-Stakes Trial
Trump Pressures Fed’s Powell to Cut Rates in Rare White House Meeting
President Donald Trump met with Federal Reserve Chair Jerome Powell at the White House, urging him to lower interest rates—a move Trump claims would boost U.S. competitiveness against countries like China. The meeting followed months of Trump’s public criticism of Powell’s cautious stance on monetary policy. While the Fed emphasized the conversation focused on broad economic conditions and reaffirmed its commitment to data-driven, non-political decision-making, the White House confirmed Trump’s push for rate cuts. Despite past clashes, Trump has no current plans to fire Powell, whose term ends in May 2026, though reports suggest he’s exploring potential successors.
Ulta Beauty Surges After Beating Earnings, Raising Profit Forecast Amid Strong Demand
Ulta Beauty raised its annual profit outlook and posted stronger-than-expected quarterly results, driven by resilient consumer demand, especially from younger shoppers. New brand launches like Milk Makeup and K-Beauty, along with celebrity-backed lines like Fenty Beauty, boosted sales and store traffic. The company reported $2.85 billion in revenue and an adjusted profit of $6.70 per share, beating estimates. Ulta also cut inventory losses and improved digital marketing, lifting shares by 8%. It now expects full-year earnings of $22.65 to $23.20 per share, up from earlier forecasts.
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OpenAI Fights to Keep Countersuit Against Elon Musk in High-Stakes Trial
OpenAI is pushing to keep its countersuit against Elon Musk in an upcoming trial, arguing his attempt to dismiss it lacks factual basis. The AI company accuses Musk of fraudulent practices and claims his $97.4 billion takeover bid was a media-staged "sham" to undermine OpenAI. Musk, who co-founded OpenAI but left before its shift to a for-profit model, previously sued the company for allegedly abandoning its original mission. OpenAI's countersuit, filed in April, also seeks to block further "unlawful" actions by Musk, setting the stage for a heated legal battle over AI ethics, control, and corporate influence.
some our tweets
Great achievement by the @SpaceX team!
— Elon Musk (@elonmusk)
2:20 AM • May 28, 2025
That’s a wrap for this edition of Finance Megaphone.
We hope the insights and updates we’ve shared help you stay informed and ready to take on the market. Remember, knowledge is power, and we’re here to keep you in the know every step of the way. Be sure to check back next edition for more timely news, expert analysis, and the latest trends in the financial world.
Until then, keep investing smart and stay ahead of the curve!