Month: March 2025
Tesla bounces for second day after steepest drop since 2020
Tesla CEO Elon Musk looks on as US President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty Images Tesla shares rose for a second straight day in early […]
Read More
Hedge funds are selling stocks at a pace not seen in years
Hedge funds slashed their positions at the fastest pace in years as tariffs and signs of softer economic growth sent stocks on a roller coaster ride. Professional money managers who make both long and short wagers cut back risk exposure by selling stocks and covering shorts in a dramatic fashion on Friday and Monday. Combined, […]
Read More
Moscow wary of ‘jumping the gun’ after the U.S. and Ukraine unite over a ceasefire deal
Russian President Vladimir Putin speaks with Kremlin spokesman Dmitry Peskov during a summit of leaders of nations, which are members of the Commonwealth of Independent States (CIS), in Moscow, Russia October 8, 2024. Sergei Ilnitsky | Via Reuters All eyes were on Moscow on Wednesday as the Kremlin broke its silence and delivered its initial […]
Read More
‘You want to become billionaires? List on NSE,’ says Ashish Chauhan, CEO of India’s National Stock Exchange
Workers walk in the atrium of the National Stock Exchange of India Ltd. (NSE) building in Mumbai, India, on Tuesday, Dec. 20, 2022. Bloomberg | Bloomberg | Getty Images Entrepreneurs or startup founders wanting to get rich — and become billionaires — should list on India’s National Stock Exchange, the bourse’s CEO Ashish Kumar Chauhan […]
Read More
Former Treasury Secretary Steven Mnuchin says ‘people are overreacting a bit’ to Trump’s policies
Former Treasury Secretary Steven Mnuchin said Wednesday he believes “people are overreacting a bit” to the policy changes from the current Trump administration. Mnuchin, who served in President Donald Trump’s Cabinet during the Republican’s first term in office, told CNBC’s “Squawk Box” that he does not see signs of an imminent slowdown for the U.S. […]
Read More
Spotify says it paid nearly 1,500 artists $1 million or more in royalties for 2024 streams
In this photo illustration, the Spotify music app is seen on a phone on June 04, 2024 in New York City. Michael M. Santiago | Getty Images Spotify is minting music millionaires. Nearly 1,500 artists generated over $1 million in royalties from Spotify in 2024, the company said Wednesday in its annual Loud and Clear […]
Read More
RFK Jr. pressures Big Food to remove artificial dyes in meeting with CEOs
Robert F. Kennedy Jr., U.S. President Donald Trump’s nominee for Secretary of Health and Human Services testifies during his Senate Finance Committee confirmation hearing at the Dirksen Senate Office Building on January 29, 2025 in Washington, DC. Win Mcnamee | Getty Images News | Getty Images Health and Human Services Secretary Robert F. Kennedy Jr. […]
Read More
European markets rally as U.S. inflation rises less than expected, EU retaliates to Trump’s tariffs
U.S. inflation rate hits 2.8% in February, less than expected Prices for goods and services moved up less than expected in February, providing some relief as consumers and businesses worry about the looming impact tariffs might have on inflation, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a wide-ranging measure of costs across […]
Read More
Canada to impose 25% retaliatory tariffs on $21 billion worth of U.S. goods
Canada will impose 25% tariffs on more than $20 billion worth of U.S. goods in retaliation for the Trump administration’s steel and aluminum duties. Source
Read More
Boeing plane prices could increase by millions with tariffs, says AerCap CEO
The price of a Boeing 787 plane could increase by $40 million in a worst case tariff scenario, AerCap CEO Aengus Kelly said. “In an absolute worst case scenario, say, a 25% increase across the board on tariffs, a tit-for-tat from both sides — a Boeing 787, the price will go up by $40 million,” […]
Read More