World
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More