Following Donald Trump's morning tweet urging to "BUY" stocks, the market surged. The S&P 500 gained $4 trillion after Trump announced a 90-day tariff pause, hours after his post. Democratic senators are calling for an investigation into potential insider trading, questioning whether Trump's tweet influenced market gains. Trump...
US stocks fell sharply on Thursday, reversing some of Wednesday's historic gains fueled by President Trump's tariff pause. The S&P 500 dropped 2.3%, the Dow Jones Industrial Average fell 700 points (1.7%), and the Nasdaq composite declined 2.7%. Despite positive inflation and jobless data, market focus remains on...
JPMorgan Chase CEO Jamie Dimon's intervention convinced President Trump to temporarily halt most planned tariffs, averting a potential market crash. Dimon's actions, influenced by the unraveling bond market, led to a significant market rebound. The trade war's impact caused Prada to renegotiate its Versace acquisition for a $200mn...
Netflix threatens UK price hikes if a proposed 5% streaming levy is implemented. The Culture, Media & Sport Committee recommended the levy on streamer revenue, but the government currently has no plans to introduce it. Netflix argues the levy would harm investment and competitiveness, ultimately increasing costs for consumers....
US stocks surged dramatically after President Trump announced a 90-day pause on most reciprocal tariffs, excluding those on China. The Dow soared over 2,900 points, the S&P 500 saw its best day since 2008, and the Nasdaq its best since 2001. While this brought temporary relief, uncertainty...
Walmart withdrew its first-quarter financial guidance due to uncertainty surrounding new tariffs on goods from China and other countries. Despite this, Walmart predicts a 4% sales increase for the quarter and maintains its full-year guidance. The company believes its size and supply chain will allow it to absorb...
Sony has announced pricing for its new Bravia 8 II OLED, Bravia 5, and Bravia 2 LED TVs. The 65-inch Bravia 8 II OLED costs $3,999.99 USD, a $500 increase over its predecessor but potentially offsetting tariffs. Pricing for the Bravia 5 Mini LED range from $1,699.99 to $6,499.99...
Delta Air Lines CEO Ed Bastian announced the suspension of their 2025 forecast due to economic uncertainty, citing a slowdown in domestic travel since late February. He stated that both corporations and consumers are adopting a defensive posture, behaving as if in a recession. While first-quarter results exceeded...
Walmart withdrew its first-quarter operating income forecast due to uncertainty surrounding new tariffs on goods from China and Vietnam. While maintaining its sales outlook, the company cited difficulties in predicting income given the current economic climate and decreased consumer sentiment. The tariffs, impacting about a third of Walmart's...
Delta Air Lines CEO Ed Bastian expressed alarm over the rapid economic downturn fueled by trade tensions, contradicting Treasury Secretary Scott Bessent's optimistic assessment. Delta revised its growth forecast, citing uncertainty and a lack of economic clarity. While summer bookings are comparable to last year, international arrivals in the...
