Trade tensions between the United States and China are throwing a spanner in billions of dollars worth of acquisitions and initial public offerings, dealing a fresh blow to a dealmaking market that was already slow to recover this year.Prevailing tensions between the two nations have reportedly stalled Bunge Global SA’s…
Apple shares slid nearly 3% on Friday after the company trimmed its stock buyback program by $10 billion, and warned of an estimated $900 million in additional costs for the current quarter due to trade tariffs imposed under US President Donald Trump’s administration.Chief Executive Tim Cook said the company is…
General Motors will cut production at its Oshawa Assembly plant in Canada, moving from a three-shift to a two-shift schedule, the company and workers’ union confirmed on Friday. The decision comes amid weakening demand for pickup trucks and continued pressure from US trade policies.The Oshawa facility currently builds light- and…
Reddit Inc. (NASDAQ: RDDT) is strongly positioned to extend its gains further over the next few weeks, according to JPMorgan senior analyst Doug Anmuth.Reddit shares have already rallied some 40% since early April, but an upbeat quarterly release the forum social media platform posted this week will sustain momentum moving…
Jeff Bezos, the founder and former chief executive of Amazon, has disclosed plans to sell up to $4.75 billion worth of shares in the e-commerce giant over the next 12 months, according to regulatory filings released Friday.The planned sale of up to 25 million shares, set under a pre-arranged trading…
Both Rigetti Computing Inc (NASDAQ: RGTI) and IonQ Inc (NYSE: IONQ) have soared about 50% over the past month as investors ran into the quantum computing stocks in hopes they’ll emerge as the next goldmines after AI in 2025.According to some experts, quantum technology’s transformative influence on industries across the…
Latin America’s crypto scene continues to evolve, with new products and regional expansions highlighting its rapid growth.This week, Panama-based fintech Lulubit revealed plans to expand into Honduras and the Dominican Republic. Already operating in Panama, Guatemala, and Costa Rica, the company aims to ease remittance costs and broaden crypto accessibility.Founded…
Trade tensions between the United States and China are throwing a spanner in billions of dollars worth of acquisitions and initial public offerings, dealing a fresh blow to a dealmaking market that was already slow to recover this year.Prevailing tensions between the two nations have reportedly stalled Bunge Global SA’s…
The EUR/USD pair pulled back this week as the recent rally lost momentum. The pair initially soared to a high of $1.1576 on April 21 and has now retreated to the important psychological point at 1.1300. This article explains what to expect ahead of the upcoming US nonfarm payroll (NFP)…
The S&P 500 index and its ETFs like SPY and VOO have bounced back in the past few weeks as investors buy the dip and bet that the worst is now behind us. After crashing to a low of $480 in April, the S&P 500 Index has jumped to $560,…