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U.S. GDP Surges 3% in Q2 2025, Crushing Expectations as Trump Urges Fed to Cut Rates

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US Economy Roars Back: 3% GDP Growth in Q2 2025 Surprises Wall Street

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WASHINGTON, D.C. – In a striking turnaround, the U.S. economy posted 3% GDP growth in Q2 2025, handily beating the Dow Jones estimate of 2.3% and reversing a disappointing 0.5% decline in Q1. The stronger-than-expected performance was fueled by a dramatic drop in imports and renewed consumer strength, despite trade tensions and lingering concerns over inflation and interest rates.

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Union Pacific and Norfolk Southern Announce $85B Merger to Form First U.S. Coast-to-Coast Railroad

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the staff of the Ridgewood blog

OMAHA, NE / ATLANTA, GA — In a landmark deal poised to reshape the U.S. transportation landscape, Union Pacific and Norfolk Southern announced an $85 billion merger that will create the first coast-to-coast freight rail operator in American history.

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Why Former Workers in Texas Are Filing Claims Years After Retiring

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Across Texas, former workers who retired years ago are stepping forward to file compensation claims for illnesses they never saw coming. These aren’t cases of recent workplace accidents or immediate injuries. Instead, they represent decades-old exposure to asbestos that is only now manifesting as serious, often fatal diseases. Understanding why these claims are only emerging now (and why they remain legally valid) reveals a complex mix of industrial history, medical science, and justice delayed but not denied.

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President Trump Announces New U.S.-Japan Trade Deal with 15% Tariff on Japanese Goods

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the staff of the Ridgewood blog

Washington DC, President Donald Trump announced Tuesday that his administration has finalized a new trade agreement with Japan, introducing a 15% tariff on Japanese goods while securing major investments and expanded market access for American products.

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Top Economist Mohamed El-Erian Urges Jerome Powell to Resign to Protect Federal Reserve Independence

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the staff of the Ridgewood blog

WASHINGTON, D.C. – In a bold and controversial move, Mohamed El-Erian, a leading economist and president of Queen’s College at Cambridge University, has called on Federal Reserve Chair Jerome Powell to voluntarily step down to safeguard the Fed’s independence amid growing political and economic pressures.

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Fyre Festival Brand Sells for $245,000 on eBay After Infamous History

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The infamous Fyre Festival brand has officially been sold

the staff of the Ridgewood blog

Fantasy Island , on Tuesday, the rights to Fyre Festival — including its intellectual property, brand trademarks, and social media assets — were sold on eBay for just $245,300.

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How Marketing Agencies Help Build Online Success

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Few things can capture the audience’s eye, particularly to draw attention to a business’s online presence. To facilitate this, marketing agencies come in handy and provide a lot of expertise on how your business can achieve visibility and growth. For companies looking to expand their digital footprint, it helps to understand how these agencies can help them achieve this.  

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June Job Growth Surges Past Expectations, Unemployment Drops to 4.1%

the staff of the Ridgewood blog

WASHINGTON, D.C. — The U.S. job market showed unexpected strength in June 2025, with nonfarm payrolls rising by 147,000 and the unemployment rate dropping to 4.1%, according to the Bureau of Labor Statistics (BLS). The report defied analyst predictions, reinforcing the resilience of the American labor force despite ongoing economic headwinds.

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S&P 500 and Nasdaq Hit Record Highs Amid Trade Optimism, Fed Bets, and Tech Surge

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the staff of the Ridgewood blog

New York NY, Wall Street is on fire — both the S&P 500 and Nasdaq have soared to record highs, fueled by positive developments in U.S.-China trade talks, Federal Reserve rate cut speculation, and surging investor confidence in the tech sector.

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Blue-Collar Wages Soar Under Trump: Largest Five-Month Gain in 60 Years

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the staff of the Ridgewood blog

Ridgewood NJ, in a historic economic shift, blue-collar workers have experienced the largest five-month real wage increase in nearly 60 years under President Donald Trump’s second term. According to recent economic data, real wages for blue-collar Americans rose by nearly 2% in the first five months of 2025 — a sharp contrast to the 1.7% decline during the same period under President Biden, when inflation outpaced earnings.

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$7.4 Billion Purdue Pharma Settlement Reached in Landmark Opioid Crisis Case

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All 50 States and U.S. Territories Agree to Historic Deal Supporting Addiction Treatment and Prevention

the staff of the Ridgewood blog

Ridgewood NJ, In a historic agreement, all 50 U.S. states and territories have reached a $7.4 billion settlement with Purdue Pharma and its owners, marking the largest deal of its kind in the fight against the opioid epidemic.

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May 2025 Inflation Update: Consumer Prices Rise Less Than Expected

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the staff of the Ridgewood blog

WASHINGTON DC, the Consumer Price Index for All Urban Consumers (CPI-U) rose a less than expected,  0.1% in May, following a 0.2% increase in April, according to the U.S. Bureau of Labor Statistics. The report signals a continued cooling of inflation, with annual consumer price growth now at 2.4%, just above the Federal Reserve’s 2% target.

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North Jersey Man Sentenced to 27 Months for Defrauding South Korean Investors in Fake Sugar Trade Scheme

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the staff of the Ridgewood blog

TRENTON, NJ — A 64-year-old Middlesex County man has been sentenced to 27 months in federal prison for operating a fraudulent commodities investment scheme that defrauded South Korean investors out of more than $1 million, according to U.S. Attorney Alina Habba.

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U.S. Labor Market Update: 139,000 Jobs Added in May 2025, Unemployment Rate Holds at 4.2%

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Washington DC, the U.S. Bureau of Labor Statistics (BLS) has released its latest monthly jobs report, showing a modest increase of 139,000 nonfarm payroll jobs in May, while the national unemployment rate remained unchanged at 4.2%.

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China to US Container Shipping: Exact Times & Key Factors

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How Shipping Time from China to the USA Can Make or Break Your Business

Imagine this: Your latest order is stuck at the port. What was supposed to be a 15-day delivery has stretched to 30 days, and you’ve missed key sales opportunities. Your customers are frustrated, and your bottom line is taking a hit. If you’re importing goods from China to the USA, shipping times aren’t just a logistical challenge—they’re a critical element of your business success.

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