Energy
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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Affirm surges 20% as fintech rallies on tariff pause, but risk remains
Thomas Fuller | Sopa Images | Lightrocket | Getty Images The fintech sector is rallying Wednesday following the Trump administration’s announcement of a 90-day pause on planned tariffs. Affirm was up 20%, Toast and Block rose 13% and PayPal increased 10%. The 90-day pause doesn’t eliminate the threat of tariffs — it just delays it. […]
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The oil-rich Gulf states are better-positioned to weather the tariff storm — but crashing crude prices could spell trouble
U.S. President Donald Trump with Mohammed bin Salman, crown prince of Saudi Arabia, at the start of the Group of 20 summit on 28 June 2019. Bernd von Jutrczenka | picture alliance | Getty Images DUBAI, United Arab Emirates — The wealthy Arab Gulf states are in a better position than many other regions of […]
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World’s first-ever global emissions tax is on the table at crunch shipping talks
Aerial view of containers for export sitting stacked at Qingdao Qianwan Container Terminal on April 5, 2025 in Qingdao, Shandong Province of China. Vcg | Visual China Group | Getty Images The United Nations shipping agency is on the cusp of introducing binding regulations to phase out fossil fuel use in global shipping — with […]
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U.S. crude oil falls below $60 per barrel as selloff continues on fears of full-blown trade war
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 Crude oil futures fell Tuesday, adding further to already steep losses on fears that President Donald Trump’s sweeping tariffs will trigger a full-blown, global trade war. U.S. […]
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DOJ ends crypto enforcement team, shifts focus to terrorism and fraud
Department of Justice Headquarters in Washington, D.C. on April 18, 2022. Kent Nishimura | Los Angeles Times | Getty Images The U.S. Justice Department abruptly shut down its National Cryptocurrency Enforcement Team, signaling a major shift in how the federal government will handle crypto-related crimes going forward, according to a memo obtained by NBC News […]
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DOJ ends crypto enforcement team, shifts focus to terrorism and fraud
Department of Justice Headquarters in Washington, D.C. on April 18, 2022. Kent Nishimura | Los Angeles Times | Getty Images The U.S. Justice Department abruptly shut down its National Cryptocurrency Enforcement Team, signaling a major shift in how the federal government will handle crypto-related crimes going forward, according to a memo sent Monday night by […]
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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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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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Affirm heads for second-worst week on record on tariff worries, Klarna delayed IPO
Igor Golovniov | SOPA Images | Lightrocket | Getty Images Affirm shares have plunged nearly 30% over the past two trading days and are on track to close out their second-worst week on record, following President Donald Trump’s sweeping tariff announcement on Wednesday. Widespread tariffs could represent a particular problem for Affirm because the provider […]
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