The US Department of Justice has announced its intent to seek the death penalty for Luigi Mangione, the 26-year-old charged with the December murder of UnitedHealthcare CEO Brian Thompson. Attorney General Pam Bondi confirmed the decision on Tuesday, stating that the high-profile assassination demands the “ultimate punishment.” The case has…
Hedge funds pulled back from Asian markets last week, shedding stocks and reducing leveraged positions as they prepared for US President Donald Trump’s announcement of new reciprocal tariffs on April 2.South Korea, China’s onshore markets, and Taiwan saw the heaviest selling, while hedge funds also ramped up short bets in…
The US auto industry saw a surge in sales last month as consumers rushed to purchase vehicles ahead of President Donald Trump’s new tariffs on imported cars and parts. Several major automakers reported sharp increases in sales for March, as buyers sought to avoid the price hikes expected once the…
China tech has long been framed as the ambitious challenger aiming to overtake the United States in artificial intelligence. Headlines often portray Beijing as catching up, with Washington fiercely guarding its technological edge through stringent export controls and blacklists. But perhaps reality is more nuanced. What if China is not…
As gold prices continue its ascent upwards, experts believe that the bullish momentum in the yellow metal remained intact. The gold price rose by 19% in the past quarter, which was the strongest quarterly increase since 1986, albeit at a significantly lower price level at the time, according to Commerzbank AG. “The…
European healthcare stocks fell sharply on Wednesday as investors braced for potential tariffs on the pharmaceutical industry, a sector that had largely been spared from previous rounds of trade levies. US President Donald Trump, who has dubbed the new wave of tariffs “Liberation Day,” is expected to announce fresh measures…
Russia, a major player in the global oil market as the world’s second-largest oil exporter, has taken more steps to tighten control over its oil export routes. In a recent move, Russia has imposed restrictions on a significant oil export route by suspending a mooring at the Black Sea port of…
China has moved to restrict domestic companies from investing in the US, as per a Bloomberg report. This signals a potential escalation in trade tensions ahead of new tariffs expected from President Donald Trump’s administration.Several branches of China’s National Development and Reform Commission (NDRC) have been directed in recent weeks…
Loop Capital analyst Alton Stump says Shake Shack (NYSE: SHAK) could prove to be a safe haven amidst concerns of Trump tariffs and a potential recession in 2025.Stump upgraded the food company this morning to “buy” and said its shares could hit $127 by the end of this year, which…
Brazilian Finance Minister Fernando Haddad has emphasized the importance of maintaining open trade discussions with the United States as President Donald Trump prepares to announce new import tariffs affecting multiple countries.Speaking in Paris during a meeting with French Finance Minister Eric Lombard, Haddad reaffirmed Brazil’s commitment to bilateral economic cooperation,…