Month: April 2025
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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U.S. crude oil losses deepen as Trump tariffs fuel recession fears
A view shows disused oil pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau Region, Kazakhstan April 2, 2025. Pavel Mikheyev | Reuters U.S. oil prices fell about 2% on Monday, adding to last week’s steep losses on fears President Donald Trump’s global tariffs would push the U.S., and maybe […]
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With market rout, now is the time to rebalance portfolios and buy stocks, says Wells Fargo
Long-term investors may be fleeing stocks for high-quality bonds, but they should be mindful of their portfolio allocations, said Brian Rehling, head of global fixed income strategy at Wells Fargo Investment Institute. Stocks tumbled again on Monday, continuing the rout that began after President Donald Trump signed his tariff policy last week. Treasury yields moved […]
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CEOs think the U.S. is ‘probably in a recession right now,’ says BlackRock’s Larry Fink
BlackRock CEO Larry Fink speaks at the Economic Club of New York on April 07, 2025, in New York City. Spencer Platt | Getty Images BlackRock CEO Larry Fink said Monday that many business leaders believe the United States economy is already in a significant downturn. “Most CEOs I talk to would say we are […]
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Auto sales are on a ‘roller coaster ride’ as tariffs are expected to increase prices
DETROIT — Prices of new and used vehicles in the U.S. are expected to notably increase this year amid President Donald Trump’s 25% auto tariffs, according to a new analysis from industry experts at Cox Automotive. The automotive data and advisory firm expects the levies to add thousands of dollars to the costs of new […]
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Restaurant stocks fall as investors fear recession, sales slowdown
Following announcements of layoffs, a Starbucks store is shown in Encinitas, California, U.S., February 24, 2025. REUTERS/Mike Blake Mike Blake | Reuters Restaurant stocks fell in morning trading Monday, fueled by investors’ fears that a recession is coming. U.S. stocks have tumbled for three consecutive days after President Donald Trump shocked the markets with high […]
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Stocks making the biggest moves midday: U.S. Steel, Tesla, Dollar Tree, Apple and more
Check out the companies making headlines in midday trading. U.S. Steel — Shares advanced nearly 9% after President Donald Trump ordered the review of the Japan’s Nippon Steel proposed takeover of U.S. Steel. The president instructed the Committee on Foreign Investment in the United States to aid in “in determining whether further action in this matter […]
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Leon Cooperman says market bottom is not in as Trump has decided a recession is best way to lower rates
Investors should buckle up as the worst is yet to come, according to billionaire investor Leon Cooperman . The chair and CEO of the Omega Family Office believes President Donald Trump’s tariffs are a “mistake” and they will tip the U.S. economy into a recession and lower interest rates in the process. “I think there’s […]
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How much do stocks have to drop before trading is halted? The details on market ‘circuit breakers’
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 7, 2025. Timothy A. Clary | Afp | Getty Images When stock prices and stock futures fall rapidly in a single session, exchanges implement halts in trading to allow a moment for […]
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UK loses bid to keep Apple appeal against demand for iPhone ‘backdoor’ a secret
Chief Executive of Apple, Tim Cook gives a thumb’s up during a tour the Apple Headquarters on December 12, 2024 in London, England. Chris Jackson | Getty Images Apple has triumphed over an effort from the U.K. government to keep details secret of its appeal against an order to create a “backdoor” to iPhone users’ data. […]
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