Jack Dorsey dramatically scales back crypto ambitions for Block
Block said Thursday that it was "winding down" its TBD division, which had sought to create an open-source crypto development…
Economy
Tesla hits $1 trillion market cap as stock rallies after Trump win
Shares of Tesla climbed in afternoon trading Friday, pushing the electric vehicle maker's market cap past $1 trillion. ...
Capital gains tax hikes ‘entirely off the table’ under President-elect Trump, Republican Congress, economist says
Higher capital gains taxes are unlikely under President-elect Donald Trump and a Republican-controlled Congress, experts say. ...
AppLovin, top tech stock of the year, soars another 45% on earnings beat
AppLovin was already the best-performing tech stock of 2024, and that was before the stock popped on a big earnings…
Steve Madden to slash China sourcing by as much as 45% as Trump’s tariff plan looms
Retailers and brands have already made a push to diversify sourcing because of tariff risks and supply chain disruptions. ...
Wall Street expects Trump presidency will unlock deal-making
Deal-making has slowed in recent years, largely due to high interest rates, soaring company valuations and a tight regulatory environment.…
Former Treasury Secretary Mnuchin says Trump’s top priorities will be tax cuts, Iran sanctions and tariffs
Tax cuts are 'a signature part of his program,' Mnuchin said in a "Squawk Box" interview. ...
Solar stocks tumble on fears Trump will hamper clean energy progress, repeal IRA
Trump's campaign platform calls for the termination of the IRA, which he refers to as the "Socialist Green New Deal."…
Super Micro shares plunge 17% after company says no timetable for annual results, issues weak guidance
Super Micro, the embattled server maker, reported preliminary first-quarter results on Tuesday. ...