Month: April 2025
DoubleLine’s Gundlach says S&P 500 could bottom at 4,500, investors should stay defensive
DoubleLine Capital CEO Jeffrey Gundlach said Monday that stocks have more room to fall as chances of a recession have gone up due to President Donald Trump’s imposition of a higher tariff regime on imports into the U.S. “You’re kind of in middle innings of this thing,” Gundlach said on CNBC’s ” Closing Bell. ” “It’s […]
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Stocks making the biggest moves after hours: CVS Health, Broadcom, Humana and more
Check out the companies making headlines in after-hours trading: Health-care stocks — Shares of Humana , CVS Health and UnitedHealth jumped after The Wall Street Journal reported that the Trump administration will raise payment rates for Medicare insurers next year to 5.06%, higher than the 2.23% increase the Biden administration had proposed. Humana gained more […]
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Apple’s 3-day loss in market cap swells to almost $640 billion
(L-R) Apple CEO Tim Cook, Vivek Ramaswamy and Secretary of Homeland Security Kristi Noem attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. President in the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025. Saul Loeb | Afp | Getty Images While the stock market broadly fared better […]
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Chief Justice Roberts pauses deadline for return of Maryland man mistakenly deported to El Salvador
The U.S. Supreme Court is seen on April 07, 2025 in Washington, DC. Kayla Bartkowski | Getty Images Chief Justice John Roberts agreed Monday to pause a midnight deadline for the Trump administration to return a Maryland man mistakenly deported to a notorious prison in El Salvador. The temporary order comes hours after a Justice […]
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GM reveals Corvette EV concept car as it reconfirms commitment to Europe
An angle view of the new Chevrolet Corvette concept car. GM DETROIT — General Motors on Monday revealed a new all-electric Chevrolet Corvette concept car as part of the opening of a new design studio in England. The car features a sleek, aerodynamic exterior that resembles a futuristic IMSA race car more than a traditional Corvette, but […]
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Trump orders new review of U.S. Steel acquisition by Japan’s Nippon Steel
A tugboat pushes a barge near the U.S. Steel Corp. Clairton Coke Works facility in Clairton, Pennsylvania, on Sept. 9, 2024. Justin Merriman | Bloomberg | Getty Images President Donald Trump on Monday ordered the proposed acquisition of U.S. Steel by Japan’s Nippon Steel to undergo a new review after the deal was blocked by […]
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Apple’s highest-end iPhone could see $350 price hike in U.S. on Trump tariffs, analyst predicts
A customer checks Apple’s latest iPhone 16 Plus (right) and Apple’s latest iPhone 16 Pro Max (left) series displayed for sale at Master Arts Shop in Srinagar, Jammu and Kashmir, on September 26, 2024. Firdous Nazir | Nurphoto | Getty Images President Trump’s reciprocal tariffs could lead Apple to raise the price of the iPhone […]
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Elon Musk’s brother slams Trump tariffs, calls them ‘permanent tax on the American consumer’
Kimbal Musk, co-founder of The Kitchen Community, speaks during the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 3, 2016. Patrick T. Fallon | Bloomberg | Getty Images Elon Musk’s younger brother, Kimbal, took to X on Monday to lambaste President Donald Trump’s tariffs, calling them a “structural, permanent tax […]
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Hedge funds pile up record short bets against stocks as traders go into ‘self-protection mode’
Hedge funds loaded up on a record number of short bets against stocks as President Donald Trump’s steeper-than-expected tariffs wreaked havoc on Wall Street, according to Goldman Sachs’ prime brokerage data. Fast-money professional traders made their largest-ever, one-day net sales of global equities last week through Thursday, the day after Trump rolled out his sweeping […]
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Shopify CEO says staffers need to prove jobs can’t be done by AI before asking for more headcount
Tobias Lütke, CEO of Shopify, speaks at the Collision conference in Toronto, Canada, on May 22, 2019. David Fitzgerald | Sportsfile | Getty Images Shopify CEO Tobi Lutke is changing his company’s approach to hiring in the age of artificial intelligence. Employees will be expected to prove why they “cannot get what they want done […]
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