Month: March 2025
CoreWeave shares slump nearly 10% in second day of trading
Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, attends his company’s IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. Brendan McDermid | Reuters CoreWeave‘s stock sank nearly 10% on Monday, falling well below its initial public offering price. The artificial intelligence cloud provider sold shares at […]
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Elon Musk says backlash against his DOGE government cuts is hurting Tesla stock
Billionaire businessman Elon Musk speaks during a town hall meeting at the KI Convention Center on March 30, 2025 in Green Bay, Wisconsin. Scott Olson | Getty Images Tesla CEO Elon Musk said Sunday that his involvement in the Trump administration could be hurting the automaker’s stock price. Speaking at a town hall event in […]
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Vaccine stocks fall after key FDA official resigns in protest of RFK Jr.
Rafael Henrique | Lightrocket | Getty Images Shares of major vaccine makers dropped on Monday after a key U.S. health official resigned in protest of Health and Human Services Secretary Robert F. Kennedy Jr.’s views on immunization. The departure of Peter Marks, the Food and Drug Administration’s top vaccine regulator, has raised fresh fears about […]
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Trump says reciprocal tariffs will ‘start with all countries,’ rejects narrower launch
US President Donald Trump speaks to the press aboard Air Force One before arriving at Palm Beach International Airport in West Palm Beach, Florida, on March 28, 2025. Brendan Smialowski | AFP | Getty Images President Donald Trump said that his “reciprocal tariffs” plan will target all other countries when they are unveiled Wednesday, injecting […]
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BlackRock CEO Larry Fink says protectionism ‘has returned with force’
BlackRock CEO Larry Fink sounded the alarm on the spread of protectionist policies around the world, saying they will hinder global trade and weaken the economy. “Today, many countries have twin, inverted economies: one where wealth builds on wealth; another where hardship builds on hardship,” Fink said in his annual chairman’s letter to investors. “The divide […]
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Primark boss Marchant resigns after ‘error of judgment’ with a woman
Primark store at the Queens Center mall in Elmhurst, NY. Melissa Repko | CNBC The head of fast fashion chain Primark, Paul Marchant, has resigned with immediate effect after he admitted to an “error of judgment” towards a woman in a social situation late last year. Parent-company Associated British Foods said in a statement on Monday […]
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Aston Martin shares pop as Canadian billionaire Lawrence Stroll invests more cash
An Aston Martin DB12 is displayed in the Mayfair showroom on Park Lane on January 09, 2025 in London, England. John Keeble | Getty Images News | Getty Images Shares of Aston Martin jumped as much as 13% on Monday after the British luxury carmaker said it will raise more than £125 million ($161.7 million) […]
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‘Game over’ for ESG investing due to Trump backlash? Analysts say no
Key Points ESG funds have suffered outflows for two consecutive years, partly due to political blowback. Investment analysts say “environmental, social and governance” funds are here to stay despite headwinds. Critics say ESG investing is akin to “woke” capitalism. Advocates say it delivers better long-term returns for investors. Source
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Stocks making the biggest moves premarket: Tesla, Stellantis, Nvidia and more
Check out the companies making headlines before the bell. Tesla – The electric vehicle maker tumbled more than 6% after Stifel cut its price target on the stock. The firm said that a slower-than-expected rollout of Telsa’s new Model Y and recent protests could weigh on sales in the near term. Auto stocks – Shares […]
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German inflation eases to 2.3% in March, slightly lower than expected
Customers shop for fresh fruits and vegetables in a supermarket in Munich, Germany, on March 8, 2025. Michael Nguyen | Nurphoto | Getty Images German inflation came in at a lower-than-expected 2.3% in March, preliminary data from the country’s statistics office Destatis showed Monday. It compares to February’s 2.6% print, which was revised lower from […]
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