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Jamie Dimon says investors are actually being way too chill about tariffs
Jamie Dimon believes that financial markets are underestimating the potential impact of trade restrictions, which could lead to increased costs and uncertainties affecting investme...
Read Full Article →Smartphone exports from China to the U.S. are plunging
The decline in shipments of Chinese-made smartphones to the United States reflects escalating trade tensions, potentially impacting revenue streams for manufacturers and affecting...
Read Full Article →Home Depot says it won't raise prices because of tariffs
Despite ongoing tariff pressures impacting the retail sector, Home Depot has decided to maintain current pricing levels, signaling a different approach to managing cost increases c...
Read Full Article →What wealthy people are reading this summer, according to JPMorgan Chase
JPMorgan Chase highlights that affluent individuals are shifting their focus this summer toward more intellectually engaging content, potentially reflecting evolving interests in e...
Read Full Article →Home Depot shows that the housing market chill is hitting hard
Home Depot's mixed sales results in the first quarter reveal underlying challenges in the housing sector, as overall revenue increased but same-store sales experienced a slight dec...
Read Full Article →China says the U.S. is screwing up trade talks with its move against Huawei
The recent U.S. action targeting Huawei has complicated negotiations with China, potentially impacting tariffs, market access, and overall economic relations between the two larges...
Read Full Article →Jamie Dimon says JPMorgan will let customers buy Bitcoin
JPMorgan’s decision to offer Bitcoin purchases to its clients highlights growing acceptance of digital assets within traditional financial institutions, potentially increasing cryp...
Read Full Article →'Deeply painful': Nvidia CEO says a new chip ban has cost it $15 billion
Nvidia's CEO reported that recently imposed restrictions on chip sales have negatively impacted the company’s revenue by approximately $15 billion amid ongoing trade tensions.
Read Full Article →JPMorgan Chase wants bosses to 'resist' hiring and use AI
JPMorgan Chase is considering a slowdown in workforce expansion by encouraging managers to limit new hires and focus on implementing artificial intelligence to enhance operational...
Read Full Article →A top Fed official sees just one interest rate cut this year
A leading Federal Reserve representative indicated that monetary policy may involve a single rate decrease in 2025, followed by a period of observation to evaluate the economic imp...
Read Full Article →Trump-world admits it: America pays for tariffs
Despite previous assertions, recent statements from key figures acknowledge that the economic burden of tariffs ultimately falls on U.S. consumers and businesses through higher cos...
Read Full Article →China's Xiaomi will spend $7 billion on homegrown chips amid the trade war
Xiaomi plans to allocate nearly $7 billion over the next ten years to enhance its domestic semiconductor production, aiming to reduce reliance on foreign suppliers during ongoing t...
Read Full Article →Congrats, you own crypto now: Coinbase joins the S&P 500
Coinbase’s inclusion in the S&P 500 reflects increased acceptance of digital asset firms within traditional financial markets, potentially attracting broader investor interest and...
Read Full Article →Trump said Walmart earned billions more than expected. Here's why that's preposterous
Walmart's actual financial performance did not exceed projections by a significant margin, making claims of unexpected substantial profits inconsistent with the company's typical e...
Read Full Article →The Dow drops 300 points as Moody's downgrades U.S. debt and Trump attacks Walmart
U.S. financial markets experienced notable declines amid a credit rating downgrade and political tensions, leading investors to seek safer assets as volatility increased across maj...
Read Full Article →Target, Home Depot, and Zoom: Stocks to watch this week
Investors closely monitored key companies amid fluctuating market optimism influenced by the evolving U.S.-China trade discussions and significant movements in major technology sec...
Read Full Article →Trump to Walmart: Make less money
President Trump's criticism of Walmart highlights concerns that ongoing trade tensions and increased tariffs may lead to higher operational costs, potentially impacting the company...
Read Full Article →Stocks rally, Tesla's board chair sells, and Coinbase's big moment: Markets news roundup
Recent market movements have led to a modest increase in the Nasdaq's year-to-date performance, while the S&P 500 remains unchanged and the Dow Jones shows a slight decline.
Read Full Article →Walmart's warning, Costco's gold bar craze, and Trump's retreat: Business news roundup
Costco's increasing demand for gold products highlights shifting consumer spending patterns, which may influence the company's revenue streams and affect market dynamics in the ret...
Read Full Article →Mark Cuban is leaving Shark Tank — and making a $750 million return to sports
Mark Cuban is reentering the sports sector by launching a $750 million private equity fund following his recent sale of the majority ownership of the Dallas Mavericks.
Read Full Article →Vietnam approves a $1.5 billion Trump golf resort project as tariff talks loom
The approval of a $1.5 billion investment for developing golf courses, hotels, and real estate in Vietnam represents a substantial economic commitment amid ongoing negotiations ove...
Read Full Article →Verizon dumped DEI. Then regulators cleared its $20 billion Frontier deal
Following Verizon’s decision to discontinue its diversity initiatives, regulatory approval was granted for its $20 billion acquisition of Frontier Communications, marking a major t...
Read Full Article →Consumer sentiment nears rock bottom over fears of higher prices
The decline in consumer confidence reflects growing worries about rising costs and economic policies, which may lead to reduced household spending and potentially slow overall econ...
Read Full Article →3 stocks Warren Buffett's Berkshire Hathaway is selling — and 2 stocks it's buying
Berkshire Hathaway’s recent transactions reflect a strategic portfolio adjustment, with significant stock sales exceeding purchases by approximately $1.5 billion, indicating a caut...
Read Full Article →Meta wants a judge to dismiss the FTC's antitrust case against it
Meta’s request to end the FTC’s legal challenge could potentially reduce ongoing litigation expenses and influence the company’s regulatory outlook, affecting its future financial...
Read Full Article →Forget trade talks: Trump says the U.S. will just tell countries their tariff rates (again)
The decision to set tariff rates unilaterally could impact international trade dynamics and create financial uncertainty for businesses relying on predictable import costs and mark...
Read Full Article →Novo Nordisk's CEO is out after the Ozempic maker's stock dropped 50% in a year
Novo Nordisk announced that its CEO, Lars Fruergaard Jørgensen, will resign following a significant decline in the company’s market value linked to challenges faced by its key diab...
Read Full Article →Walmart helped keep America's prices low for decades. Now it's leading them higher
Walmart’s extensive supply chain influence and cost-saving strategies have historically contributed to lower consumer prices, but recent shifts indicate the company may now be cont...
Read Full Article →Coinbase's claim of 100 million users under SEC scrutiny
The investigation into Coinbase's reported user base may have important implications for its market valuation and investor confidence within the cryptocurrency industry.
Read Full Article →UnitedHealth stock plunges after report of DOJ probe into Medicare fraud
The company experienced a significant decline in market value following news of a federal inquiry into its Medicare billing methods, raising concerns about potential legal and fina...
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