The blue-chip Dow Jones index has crashed this year as concerns about Donald Trump’s tariffs and the bursting of the AI bubble continued. After peaking at $45,090 earlier this year, the index crashed to a low of $40,650, its lowest level since September 11. It has now stabilized a bit…
The USD/JPY exchange rate was in the spotlight last week as the Federal Reserve delivered its March interest rate decision and Japan published its March inflation data. It was trading at 150, a few pips above the year-to-date low of 146.58. So, what next for the Japanese yen?Why the Japanese…
Coinbase stock price has crashed into a bear market this year as the crypto industry remains on edge, with most coins crashing. COIN shares plunged to a low of $176 this month, down by almost 50% from the year-to-date high. Its market cap has dropped from $86 billion to $48…
Citi’s confidence in FedEx Corp (NYSE: FDX) remains unfazed even though the logistics giant reported disappointing earnings and guided for continued weakness ahead.Its analyst Ariel Rosa dubbed the post-earnings decline in FDX a “buying opportunity” in a CNBC interview this morning, adding it’s a “cheap stock” to own at current…
Brazil’s Brava Energia reported a surprising pro-forma net loss of R$1.02 billion in the fourth quarter of 2024, a considerable drop from the R$474.7 million profit earned in the same period in 2023. This outcome has raised concerns among investors and experts alike, particularly because it is well above market…
A year into his tenure as Wendy’s (WEN) CEO, Kirk Tanner is looking beyond the iconic square burger to inject new energy into the 55-year-old restaurant chain. In an increasingly competitive fast-food landscape, Tanner is betting on a multi-pronged strategy that combines enticing menu additions with cutting-edge technology to reinvigorate…
After an initial wave of optimism following the Federal Reserve’s indication of potential rate cuts in 2025, Wall Street’s attention has quickly shifted back to the persistent headwinds that have been troubling the market: the looming threat of tariffs and the potential risks associated with the booming, but perhaps overhyped,…
In a major defense contract shake-up, President Donald Trump awarded Boeing a $20 billion contract on Friday to develop a next-generation sixth-generation fighter jet under the Next Generation Air Dominance (NGAD) program. The highly anticipated deal, confirmed by Bloomberg and Reuters, is expected to shape the future of US air…
This morning, I was meant to be on my way to Heathrow Airport, bags packed and boarding pass ready for a 9:30 AM British Airways flight to Mumbai. I’d just opened the Bolt app to book my ride when a news alert stopped me cold: Heathrow, Europe’s busiest airport, was…
Wall Street closed mixed on Friday, with the S&P 500 managing to break a four-week losing streak despite persistent concerns over tariffs, economic uncertainty, and tech sector weakness. The market remained volatile throughout the session as investors digested President Donald Trump’s latest remarks on reciprocal tariffs and awaited the Federal…