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Category: Economy

Why Salesforce’s beat-and-raise quarter isn’t quieting the stock’s doubters
Economy

Why Salesforce’s beat-and-raise quarter isn’t quieting the stock’s doubters

May 29, 2025

Wednesday's results are unlikely to placate the bears, but the counter argument is in good shape for the long term.…

Elon Musk thanks Trump, says he’s leaving government work with DOGE
Economy

Elon Musk thanks Trump, says he’s leaving government work with DOGE

May 29, 2025

In a post on X, Elon Musk thanked President Trump and said that his "scheduled time" for government work is…

Nvidia CEO Jensen Huang hammers chip controls that ‘effectively closed’ China market
Economy

Nvidia CEO Jensen Huang hammers chip controls that ‘effectively closed’ China market

May 29, 2025

On his company's earnings call, Jensen Huang said that China would "move on" with or without Nvidia's chips. ...

Federal trade court strikes down Trump’s reciprocal tariffs
Economy

Federal trade court strikes down Trump’s reciprocal tariffs

May 29, 2025

Three judges found that a 1977 law invoked by the White House did not actually give President Donald Trump the…

DJT shares fall 10% as Trump Media says it’s raising $2.5 billion to buy bitcoin
Economy

DJT shares fall 10% as Trump Media says it’s raising $2.5 billion to buy bitcoin

May 27, 2025

The Trump Media announcement comes as bitcoin nears record highs and the Bitcoin 2025 conference gets underway in Las Vegas.…

Stablecoin issuer Circle kicks off its IPO, targeting a nearly $6 billion valuation
Economy

Stablecoin issuer Circle kicks off its IPO, targeting a nearly $6 billion valuation

May 27, 2025

Circle, the issuer of the popular USDC stablecoin, has launched its initial public offering, looking to raise about $624 million…

Japan’s Nippon expected to close acquisition of U.S. Steel at $55 per share, sources say
Economy

Japan’s Nippon expected to close acquisition of U.S. Steel at $55 per share, sources say

May 27, 2025

President Donald Trump cleared Nippon's bid for U.S. Steel on Friday, referring to the deal as a "partnership." ...

JPMorgan Chase is heading upmarket to woo America’s millionaires
Economy

JPMorgan Chase is heading upmarket to woo America’s millionaires

May 27, 2025

The new locations, dubbed J.P. Morgan Financial Centers, have a feel and earth-tone color palette that sets them apart from…

All eyes on China restrictions as Nvidia gets set to report results
Economy

All eyes on China restrictions as Nvidia gets set to report results

May 27, 2025

Nvidia investors will want to hear how new U.S. government rules are impacting the still-meteoric growth of the AI chip…

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Crypto World

1
Cryptocurrency

Bitcoin rallies to $109.7K but pro traders question BTC’s price momentum

July 3, 2025

Key takeaways:Bitcoin trades near all-time high, but derivatives data show traders remain cautious and uncommitted.The USDT discount in China and spot Bitcoin ETF outflows highlight investor concerns over global trade tensions.Bitcoin (BTC) surged above $109,000…

2
Cryptocurrency

Ripple applies for US banking license, joining crypto rush for legitimacy

July 3, 2025

Crypto firm Ripple Labs is applying for a banking license in the US, following a similar move by stablecoin issuer Circle Internet Group as crypto firms look to be regulated to deepen ties with traditional…

3
Cryptocurrency

BlackRock Bitcoin ETF earns more than its flagship S&P 500 fund

July 3, 2025

BlackRock, the world’s largest asset manager, is now earning more in annual fees from its spot Bitcoin exchange-traded fund than its flagship S&P 500 fund, according to a recent report.“IBIT overtaking IVV in annual fee…

4
Cryptocurrency

First Solana staking ETF hits $12M in ‘healthy’ first trading day

July 3, 2025

The United States’ first Solana staking exchange-traded fund (ETF) ended its debut trading day with $12 million in inflows — a positive sign for crypto staking-enabled ETFs.The REX-Osprey Solana Staking ETF debuted on the Cboe BZX…

Economy

Economy

Microsoft laying off about 9,000 employees in latest round of cuts

July 3, 2025
Economy

Datadog stock jumps 10% on tech company’s inclusion in S&P 500 index

July 3, 2025
Economy

Trump says U.S. struck trade deal with Vietnam that imposes 20% tariff on its imports

July 3, 2025
Economy

House GOP infighting stalls Trump’s tax bill

July 3, 2025
Economy

With June jobs report looming, DOGE government layoffs could start becoming a factor

July 3, 2025
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