Investors continued to be rattled by escalating tensions between the US and its key trade partners, causing the Dow Jones Industrial Average to fall further on Wednesday.The blue-chip index experienced a decline of 364 points, representing a 0.8% drop at the time of writing. The Nasdaq Composite rose 0.3%, while…
Azzas, one of the largest fashion groups in Brazil and Latin America, reported a net profit of R$168.9 million (approximately $28 million) for the fourth quarter of 2024, marking a 35.8% decline from the previous year.According to a report from local media outlet E Investidor, Azzas’ stock price dropped 7.38%…
The Federal Trade Commission (FTC) has asked a Seattle judge to delay the start of its trial against Amazon, in which it accuses the company of misleading consumers into signing up for its Prime subscription service. The request, made during a status hearing on Wednesday, comes as the agency faces…
Steel and aluminum, the unsung heroes of modern life, are ubiquitous in American society. From the stainless steel refrigerator in your kitchen to the aluminum cans in your pantry, these metals form the backbone of countless products and industries. They are essential components in everything from cars and airplanes to…
US stocks have fallen out of favour in recent sessions amidst fears the economy is headed for a recession in the back half of 2025.Investors are concerned that Trump tariffs and the consequent pressure on spending could trigger an economic downturn in the coming months.Still, there are a bunch of…
The Chicago Board Options BZX Exchange (Cboe) has submitted an application on behalf of asset manager Franklin Templeton to list a Solana (SOL) exchange-traded fund (ETF) in the United States. The filing, submitted on March 12, marks another push for expanding crypto investment vehicles beyond Bitcoin and Ethereum.A 19b-4 filing…
IonQ Inc (NYSE: IONQ) rallied about 17% on Wednesday after a Japanese investment firm said it has built a sizable stake in the quantum computing company.Rakuten Securities has bought 90,000 shares of IONQ for some $3.7 million, which represents about 1.5% of its portfolio and makes the quantum stock its…
Intel Corp (NASDAQ: INTC) rallied nearly 15% in after-hours trading on Wednesday after naming Lip-Bu Tan its new chief executive.Tan has formerly served in a similar capacity at Cadence Design Systems Inc (NASDAQ: CDNS) – a multinational company based out of San Jose, California, that makes software for chip designers,…
Web3 gaming has come a long way from the speculative hype of early Play-to-Earn models to a more mature ecosystem driven by strong infrastructure, improved user experience, and sustainable economies. While securing valuable investments for blockchain gaming is still challenging, institutional investors are showing renewed interest, and advancements in AI,…
The European Commission announced on Wednesday that it will implement counter tariffs on a substantial range of US goods, valued at 26 billion euros (equivalent to $28 billion), starting from next month, according to a Reuters report.This move marks a significant escalation in the ongoing global trade war, triggered by…