Month: May 2025
GameStop shares rise as retailer meme stock buys first bitcoin batch, scooping up $500 million
In this article GME Follow your favorite stocksCREATE FREE ACCOUNT A general view of the GameStop logo on one of its stores in the city center of Cologne, Germany. Ying Tang | Nurphoto | Getty Images GameStop said Wednesday it has officially bought 4,710 bitcoins, worth more than half a billion dollars, as the video game […]
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Hybrid leader Toyota targets major growth in plug-in vehicles amid industry’s EV uncertainty
2023 Prius Prime on display, April 6, 2023. Scott Mlyn | CNBC PLANO, Texas — Twenty-five years after introducing many Americans to hybrid vehicles with the Prius, Toyota Motor is targeting significant growth in plug-in hybrid electric vehicles, or PHEVs. Such vehicles can function as an all-electric vehicle for a certain number of miles before […]
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Macy’s cuts profit outlook as tariffs, promotions hit its business
Macy’s cut its full-year profit guidance on Wednesday even as it beat Wall Street’s quarterly earnings expectations. In a news release, the department store operator said it reduced its earnings outlook because of higher tariffs, more promotions and “some moderation” in discretionary spending. Macy’s stuck by its full-year sales forecast, however. For fiscal 2025, Macy’s […]
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Six-year-olds in Germany could soon start saving for retirement
Girl Child Putting a Coin in a Piggy Bank. Natalia Lebedinskaia | Moment | Getty Images Most people begin saving for retirement when they start full-time jobs — but primary school kids in Germany could get an early start. The country’s new government has made plans to introduce a so-called early start pension, setting up […]
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Goldman-backed Starling Bank reports 26% drop in annual profit as it flags Covid loan fraud issue
The Starling Bank app displayed on a person’s phone. Adrian Dennis | AFP via Getty Images LONDON — British online lender Starling Bank on Wednesday reported a sharp drop in annual profit, citing an issue with Covid-era business loan fraud and a regulatory fine over financial crime failings. Starling, which offers fee-free current accounts and […]
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Fewer international tourists are visiting the U.S. — economic losses could be ‘staggering,’ researchers estimate
Key Points Spending among international visitors to the U.S. is poised to fall $8.5 billion this year, according to Oxford Economics. Tourists are avoiding the U.S. as a destination amid tensions tied to Trump administration policy tied to trade and the border, experts said. A relatively strong dollar and weak global growth prospects are also […]
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China and tariffs have wiped off $130 billion from critical chip firm ASML since peak value
An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background. Nurphoto | Nurphoto | Getty Images More than $130 billion of value has been wiped off of ASML in under a year amid restrictions on exports to China and U.S. tariff uncertainty Shares of ASML, which is seen […]
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Japan’s bond market ignites fears of outflows from U.S., carry trade unwind and market turmoil
The Bank of Japan headquarters in Tokyo, Japan, on Sept. 27, 2021. Toru Hanai | Bloomberg | Getty Images Japan’s bond market is igniting fears of capital flight from the U.S. and a carry trade unwind as long-dated yields hover near record highs. Yields resumed their move higher Wednesday as demand for 40-year government bonds […]
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Auto giant Stellantis appoints Antonio Filosa as new CEO
Stellantis North America COO and Jeep CEO Antonio Filosa speaks during the Stellantis press conference at the Automobility LA 2024 car show at Los Angeles Convention Center in Los Angeles, California, November 21, 2024. Etienne Laurent | Afp | Getty Images Auto giant Stellantis on Wednesday appointed North American chief operating officer Antonio Filosa as […]
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European stocks set for mixed open as U.S. trade policy, economic data remain in focus
German import prices unexpectedly contract in April A container ship at the Port of Hamburg in Germany. Maria Feck/Bloomberg via Getty Images German import prices fell by 0.4% year on year in April, figures from the Federal Statistical Office showed on Wednesday. Analysts had been expecting an annual rise of 0.2%, according to LSEG data. […]
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