Month: April 2025
Amazon CEO Andy Jassy says AI costs will come down over time even as company invests ‘aggressively’
Amazon CEO Andy Jassy on Thursday released his annual shareholder letter where he predicted that rapid advancements around AI, along with a more competitive chip market, will eventually bring down costs around the technology. Dear Shareholders: 2024 was a strong year for Amazon. Our total revenue grew 11% year-over-year (“YoY”) from $575B to $638B. By […]
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Rollercoaster week for global bonds continues as ‘Trump put’ sparks reversals
Traders work on the floor of the New York Stock Exchange (NYSE) on April 09, 2025 in New York City. Spencer Platt | Getty Images News | Getty Images Global bond yields largely reversed course on Thursday as equities rebounded on a historically volatile week for markets driven by U.S. President Donald Trump’s tariff policy. […]
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MLB weighs a salary cap as potential lockout looms in 2026
Major League Baseball Commissioner Rob Manfred answers questions during an MLB owner’s meeting at the Waldorf Astoria on February 10, 2022 in Orlando, Florida. Julio Aguilar | Getty Images For decades, Major League Baseball has stood alone among the major U.S. sports leagues as the only one without a salary cap. Team owners may test […]
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10-Year Treasury yields fall after Trump’s tariff reprieve
U.S. Treasury yields moved lower on Thursday as investors breathed a sigh of relief after U.S. President Donald Trump enacted a 90-day tariff reprieve on most countries, reversing a sharp sell-off in bonds. At 4:50 a.m. ET, the 10-year Treasury yield was lower by over 10 basis points to 4.288%, and the 2-year Treasury yield also dropped just […]
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Shipping giant Maersk, a bellwether for global trade, pops 10% on Trump’s tariff pause
The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California. Justin Sullivan | Getty Images Shares of Danish shipping giant Maersk, a bellwether for global trade, posted substantial gains on Thursday morning, rallying after U.S. President Donald Trump’s 90-day pause on higher tariffs for some countries. […]
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Ray Dalio says Trump should negotiate a ‘win-win’ trade deal with China
Ray Dalio, billionaire and founder of Bridgewater Associates, speaks to members of the media while departing a meeting with House Budget Committee Republicans on Capitol Hill in Washington, D.C., on March 25, 2025. Daniel Heuer | Bloomberg | Getty Images Bridgewater founder Ray Dalio said that U.S. President Donald Trump’s temporary pullback on reciprocal tariffs […]
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European stocks soar 7% as markets breathe sigh of relief after Trump tariff pause: Live updates
European markets rose sharply at the open on Thursday, after U.S. President Donald Trump temporarily reversed course on tariffs. The regional Stoxx 600 index was 7.04% higher shortly after the opening bell, with stocks across the board surging to place all individual sectors firmly in positive territory. Banking, tech and industrials stocks notched the biggest […]
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Bitcoin to hit $250,000 this year and Magnificent 7 to adopt stablecoins, Cardano founder predicts
Bitcoin could hit $250,000 as early as this year with technology giants such as Microsoft and Apple entering the cryptocurrency space, industry veteran and founder of the Cardano blockchain Charles Hoskinson told CNBC. Crypto markets have been hammered amid a sell-off of risk assets stoked by U.S. President Donald Trump’s “reciprocal tariffs” on countries across […]
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Trump tariffs: White House blinks first with temporary reprieve; China’s duties kick in
China has been ‘isolated’ amid U.S. tariffs, Bill Ackman says China has been “isolated as a bad actor” as a result of mounting trade tensions and tariff impositions with the U.S., billionaire investor Bill Ackman said Thursday in a social media post. “Every American company is immediately moving their supply chains out of China back […]
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China consumer prices drop 0.1% in March signaling rising deflationary pressures
A customer selects vegetables at a supermarket in Mengzi City, southwest China’s Yunnan Province, Feb. 9, 2025. Xinhua News Agency | Xinhua News Agency | Getty Images Consumer prices in China slid 0.1% year on year in March, remaining in deflationary territory after having contracted 0.7% in February. Economists polled by Reuters had expected a […]
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