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Trump's control over Truth Social could weaken as new shares are issued
The issuance of additional shares by Trump Media & Technology Group may reduce Donald Trump's ownership percentage, potentially impacting his influence over the company's future fi...
Read Full Article →America's trade war could mean 7 million fewer jobs across the world, U.N. says
According to a recent United Nations report, escalating trade disputes initiated by U.S. policies are expected to slow international economic expansion, reduce employment opportuni...
Read Full Article →Homeowners and buyers are the most uncertain they've been since 2023, Bank of America says
Recent data from Bank of America indicates that financial unpredictability is notably increased for individuals involved in the housing market, impacting decision-making for both c...
Read Full Article →Stellantis has a new CEO
Antonio Filosa's appointment as Stellantis CEO marks a strategic leadership change amid challenges including decreased earnings, falling sales in the U.S., and uncertainties in the...
Read Full Article →China's BYD is sued over 'slave-like' labor conditions
The lawsuit against BYD and its contractors may impact the company’s financial outlook as it faces legal challenges and potential reputational damage following allegations of sever...
Read Full Article →Abercrombie & Fitch stock soars 25% as sales beat estimates
Shares of Abercrombie & Fitch experienced a notable increase following the release of their quarterly financial report, which revealed stronger sales performance than analysts had...
Read Full Article →Macy's beats on earnings but cuts 2025 guidance because of tariffs
Despite surpassing first-quarter profit estimates, Macy’s lowered its annual earnings outlook due to increased costs from trade tariffs and reduced consumer confidence amid ongoing...
Read Full Article →Elon Musk disses Trump's 'big, beautiful bill' for growing the national debt
Elon Musk expressed concerns about the substantial fiscal impact of the recent Republican domestic policy legislation, highlighting potential challenges related to the increasing n...
Read Full Article →GameStop just bought $500 million worth of Bitcoin
GameStop’s recent acquisition of a substantial amount of Bitcoin marks a notable development in corporate investment strategies, potentially influencing market perceptions of digit...
Read Full Article →Japan's bond selloff is a warning to the world
The sharp decline in demand for Japan’s long-term government bonds highlights growing investor concerns and may indicate shifting confidence in the stability of extended debt instr...
Read Full Article →The AI data center race is getting way more complicated
Recent shifts in major technology companies’ data center strategies reflect growing financial caution amid evolving market dynamics and uncertainty about long-term demand for AI-re...
Read Full Article →Walmart, Ford, and more companies raising prices because of tariffs
Several major corporations are increasing their costs for consumers as ongoing tariff policies contribute to fluctuations in market stability and affect overall business expenses.
Read Full Article →Trump Media is the latest firm to buy billions worth of Bitcoin
Trump Media & Technology Group has secured $2.5 billion from investors to establish a substantial cryptocurrency reserve, indicating a significant financial commitment to digital a...
Read Full Article →The White House is sending mixed signals on iPhone tariffs
The conflicting statements from the administration create uncertainty about potential import duties on Apple products, which could affect the company’s supply chain costs and overa...
Read Full Article →McDonald's is killing its Starbucks and Dunkin' competitor CosMc
McDonald’s decision to close its five CosMc locations signals a strategic shift that may impact its competitive positioning and financial performance within the coffee and quick-se...
Read Full Article →Chipotle and Chick-fil-A helped increase new restaurant locations among top brands in 2024
In 2024, leading fast-casual and quick-service chains contributed notably to the expansion of new dining establishments, reflecting growing investment and consumer demand within th...
Read Full Article →AMC stock surges on record-breaking Memorial Day weekend sales
AMC Entertainment experienced a notable increase in its market value following exceptional ticket and concession sales during the recent holiday weekend, reflecting strong consumer...
Read Full Article →Forget being a barista: Starbucks is hiring a pilot for up to $360,000
Starbucks is offering a corporate pilot position with a competitive salary potentially reaching $360,000, reflecting the company's investment in executive transportation and operat...
Read Full Article →Salesforce is buying Informatica for $8 billion
The acquisition of Informatica by Salesforce for $8 billion in equity value reflects a strategic investment aimed at enhancing their position in the expanding market for artificial...
Read Full Article →The age of AI layoffs is already here. The reckoning is just beginning
The increasing adoption of automation technologies is leading to job reductions within various sectors, highlighting the broader economic impact and challenges companies face durin...
Read Full Article →Tariffs may fuel inflation — but not for long, Goldman Sachs says
According to Goldman Sachs, the recent U.S. import taxes are likely to cause a short-term increase in inflation, but this impact is expected to diminish and stabilize by the follow...
Read Full Article →Quantum computing could make Bitcoin and crypto a lot less secure
Advancements in quantum computing may potentially undermine current cryptographic protections, posing risks to the security and value of digital assets like Bitcoin and other crypt...
Read Full Article →Consumer confidence rebounds after months of tariff fears
In April, consumer sentiment towards the U.S. economy showed improvement, potentially encouraging increased spending and investment as concerns about international trade disputes d...
Read Full Article →Trump's relationship with Apple is souring
The proposed 25% tariff on imported iPhones could increase production costs for Apple, potentially affecting pricing, sales, and overall revenue within the competitive smartphone m...
Read Full Article →How China EVs are winning over Europe while Tesla loses ground
European consumers are increasingly purchasing electric vehicles from Chinese manufacturers, resulting in a significant decline in Tesla’s sales and a shift in market dynamics with...
Read Full Article →The luxury housing market is cracking — and tech-heavy cities are getting hit hardest
Recent data indicates that high-end residential property transactions have declined notably, with metropolitan areas known for technology industries experiencing the most significa...
Read Full Article →The bond market is breathing a little easier after Trump delayed E.U. tariffs
Treasury yields declined on Tuesday as investors responded positively to the postponement of additional tariffs, signaling reduced concerns about escalating trade tensions affectin...
Read Full Article →Nvidia will release cheaper Blackwell AI chips in China to avoid U.S. restrictions, report says
Nvidia plans to introduce more affordable AI chips tailored for the Chinese market to navigate regulatory challenges while sustaining its competitive position and revenue growth in...
Read Full Article →The Dow jumps 475 points after Trump walks back E.U. trade threats
U.S. equity markets experienced notable gains Tuesday as major indices recovered some losses, reflecting improved investor confidence following a de-escalation in trade tensions wi...
Read Full Article →Temu parent sees stock plummet after earnings miss
The substantial drop in PDD Holding’s stock price reflects investor concerns following the company's failure to meet expected financial performance for the first quarter.
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