Year: 2025
Inside Isomorphic Labs, the secretive AI life sciences startup spun off from Google DeepMind
Demis Hassabis, Co-Founder and CEO of Google DeepMind and Nobel Prize Laureate in Chemistry 2024, attends the Artificial Intelligence (AI) Action Summit at the Grand Palais in Paris, France, February 10, 2025. Benoit Tessier | Reuters On a rare sunny day in London at the Google DeepMind office, Colin Murdoch saw the bank deposit from […]
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Tariffs, trade war inflation impact to be ‘pretty ugly’ by summer, economists say
Key Points Economists expect that tariffs will lead to higher prices for consumers. The price impact will be noticeable by summer, economists said. Food prices will be among the early indicators, then physical goods, they said. President Donald Trump may change course regarding policy, however. Source
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Trump’s immigration policy is weighing on beer sales, Constellation Brands CEO says
Bottles of Corona beer, the flagship brand of Grupo Modelo are displayed in this illustration taken in Monterrey, Mexico, February 18, 2025. Daniel Becerril | Reuters President Donald Trump’s tariffs aren’t the only presidential policy that is weighing on Constellation Brands. Along with tariffs on Mexican imports, his hardline immigration stance is also hurting the […]
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How the mother of all ‘short squeezes’ helped drive stocks to historic gains Wednesday
A trader works on the floor of the New York Stock Exchange during afternoon trading on April 9, 2025 in New York. Angela Weiss | Afp | Getty Images A massive number of hedge fund short sellers rushed to close out their positions during Wednesday afternoon’s sudden surge in stocks, turning a stunning rally into […]
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Trump’s pivot on tariffs shows that Wall Street still has a seat at his table
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images With each passing day since President Donald Trump’s sweeping tariff announcement last week, a […]
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Apple drops 5% after notching best day since 1998
Apple shares declined 5% Thursday, giving back some of Wednesday’s gains that pushed the iPhone maker to its best day since January 1998. The technology giant, down 15% so far this month and nearly 25% since the start of 2025, surged more than 15% Wednesday after President Donald Trump announced a 90-day pause on some […]
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Trump acknowledged he could cause a recession, but just didn’t want a depression, according to WSJ
President Donald Trump wanted to avoid sending the economy into a depression through his contentious plan for tariffs, according to The Wall Street Journal. Trump privately said he was aware that his broad and steep plan for levies unveiled last week could tip the economy into a recession, but he didn’t want a depression, according […]
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Fintech’s Affirm, Paypal sink as stocks pull back from massive tariff pause rally
Gabby Jones | Bloomberg | Getty Images Fintech’s relief rally is already losing steam. Shares of Affirm, Toast, Bill.com, PayPal and other consumer-focused fintech firms turned lower Thursday. The retreat followed a powerful bounce Wednesday after President Donald Trump announced a 90-day pause on dramatically higher import tariffs. While the administration simultaneously escalated duties on […]
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Here’s the inflation breakdown for March 2025 — in one chart
Key Points The annual consumer price index fell to 2.4% in March, down from 2.8% in February, according to the Bureau of Labor Statistics. President Donald Trump’s tariff agenda and the prospect of a global trade war threaten to reverse progress in coming months. Source
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Amazon CEO Andy Jassy says he believes sellers will pass increased tariff costs on to consumers
Amazon CEO Andy Jassy said Thursday the company is still digesting the impact of President Donald Trump’s sweeping tariffs, but that its vast network of third-party sellers may “pass that cost on” to consumers. “I understand why, I mean, depending on which country you’re in, you don’t have 50% extra margin that you can play […]
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