Airline stocks extended their slide on Tuesday as Wall Street grew increasingly concerned about weaker-than-expected travel demand, ongoing economic uncertainty, and the impact of looming tariffs.Investors are bracing for a difficult earnings season, with some major carriers already cutting profit forecasts.Shares of Delta Air Lines fell roughly 5% in morning…
Two of China’s largest state-owned automakers, Dongfeng Motor and Changan Automobile, are in advanced discussions to merge, a deal that could create a powerful new player in the global auto industry while raising concerns for their American and Japanese partners. The New York Times reported Tuesday that the two companies…
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…
Cryptocurrency prices have slumped this year leading to a $1 trillion wipeout of their market value. Bitcoin has crashed from the year-to-date high of $109,300 to $85,000, while the market cap of all coins has slumped from over $3.8 trillion to $2.7 trillion today. This article looks at four coins that…
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…
European countries will continue to invest aggressively in artificial intelligence despite economic challenges, says Christina Raab, the chief executive of Germany, Austria, and Switzerland at Accenture.Raab agreed that Europe has historically been more reluctant in applying technology relative to the US or China but told CNBC that leaders in 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…
The Hang Seng Index has pulled back in the past few weeks, erasing some of the gains made earlier this year as investors brace for a prolonged trade war between the United States and China. It slipped from the year-to-date high of H$24,880 to a low of H$23,200. This article…
The iShares Russell 2000 Index (IWM) has suffered a big reversal after surging to a record high earlier this year. The fund, which tracks the top small cap companies in the US, retreated to a low of $200, down by almost 20% from its all-time high. This article explains why…