Gold prices retreated after hitting a record high of over $3,500 per ounce. The drop, reaching 1.5%, followed a 10% rally this month. Traders booked profits as risk appetite improved, with equities rebounding and bonds and the dollar stabilizing. Technical indicators suggest the recent price surge may...
RTX and GE Aerospace anticipate over $1 billion in combined losses due to President Trump's tariffs on imported goods. RTX projects an $850 million hit from the 10% tariffs imposed earlier this month, while GE Aerospace, despite maintaining its 2025 outlook, aims to offset a projected $500 million impact through...
Tesla faces a sales slump and stock woes amid worldwide protests against CEO Elon Musk's role in the Trump administration. The company's upcoming earnings report will reveal the financial impact. Shareholders are calling for Musk to resign his White House position. Tesla's Q1 2025 deliveries dropped 13%,...
Roche, a Swiss pharmaceutical giant, announced a $50 billion investment in the United States over the next five years, creating 12,000 jobs. The investment will focus on expanding research and development and manufacturing facilities across several states. This follows recent US tariff discussions with Switzerland, and Roche states...
Berry producer Fruitist, formerly Agrovision, announced a name change and exceeding $400 million in annual sales, driven by its jumbo blueberries. Sales of these blueberries tripled in the past year. The company, backed by over $1 billion in investment, including from Ray Dalio's family office, aims for an...
Microsoft has implemented stricter performance management policies, including new tools and a two-year ban on rehiring underperformers. This follows the recent layoff of 2,000 employees deemed underperforming. The new policy, detailed in an internal email, aims to boost performance and transparency regarding rewards and performance improvement plans. ...
Following President Trump's renewed attacks on Fed Chair Jerome Powell, investors engaged in a "sell America" trade, causing US stocks and bonds to plummet and the dollar to hit a three-year low. The S&P 500, Dow Jones, and Nasdaq all experienced significant declines, while Treasury yields rose. This...
A US court is hearing arguments on penalties against Google following a ruling that it illegally maintained a search engine monopoly. The Justice Department (DOJ) wants Google to divest from its Chrome browser and end exclusive deals with phone makers, arguing these practices stifle competition. Google counters that the...
The US Federal Trade Commission (FTC) sued Uber, alleging its Uber One subscription service made false claims about savings and cancellation ease. The FTC claims Uber's marketing was deceptive and cancellation processes overly complicated. Uber denies these claims, stating its processes are clear and legal. This lawsuit follows a...
A US court is hearing arguments on how to penalize Google for its alleged monopoly in internet search. The Justice Department seeks to break up Google, prevent AI dominance, and force data sharing with competitors, citing anti-competitive practices. Google defends its actions, arguing the proposed remedies would harm competition...
