Market

Billionaire David Einhorn's Greenlight Capital doubled down on Capri Holdings Ltd., adding to its position despite the company's takeover being blocked. The hedge fund believes the shares will recover based on the company's merits, seeing strategic potential in its Versace and Jimmy Choo brands.

Published on: January 23, 2025, 10:01 PM UTC

President Trump signs order to create cryptocurrency working group, fulfilling campaign promise. The crypto advisory council will advise on digital asset policy, work with Congress on crypto legislation, and coordinate between agencies.

Published on: January 23, 2025, 09:05 PM UTC

Stocks set all-time highs as oil drops after President Donald Trump's speech at Davos. The S&P 500 rose 0.3%, while the Dow Jones Industrial Average advanced 0.8%. Chipmakers faced a rout, dragging down the Nasdaq 100. Trump promised to ask OPEC to lower oil prices and push for interest rate cuts. Traders are eyeing the Federal Reserve's decision and big tech earnings next week.

Published on: January 23, 2025, 09:04 PM UTC

HP joins consumer companies stockpiling products ahead of potential tariffs from President Trump. HP CEO says the company has increased its inventory of final products to mitigate the impact of tariffs. The Consumer Technology Association estimates that proposed tariffs could increase laptop and tablet prices by up to 46%. Trump has floated tariffs of 10% to 20% on most imports and 60% tariffs on Chinese imports. HP has reported a few mixed quarters as tariff concerns swirl.

Published on: January 23, 2025, 09:04 PM UTC

Mortgage rates have dropped for the first time in six weeks, falling back below 7% as bond traders become less anxious about President Trump's economic policies.

Published on: January 23, 2025, 09:03 PM UTC

Trump Demands Lower Interest Rates, Hints at Clash with Fed Chair Powell at World Economic Forum

Published on: January 23, 2025, 09:03 PM UTC

Trump accuses Bank of America and JPMorgan Chase of discriminating against conservatives in banking practices, raising concerns from lawmakers and the crypto industry.

Published on: January 23, 2025, 09:02 PM UTC

US stocks traded mixed on Thursday as investors digested remarks from President Donald Trump at the World Economic Forum in Davos. The S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) edged higher, while the Nasdaq Composite (^IXIC) slipped due to weakness in tech stocks. Trump said he will "demand that interest rates drop immediately" and ask OPEC to lower the price of oil. He also warned companies that if they don't manufacture in the US, they will have to pay a tariff. Investors are still digesting Trump's early-days policy charge, which brought an AI push that invigorated tech names but left unclear when the outlined tariffs on big trading partners — a risk for inflation and stocks — might hit.

Published on: January 23, 2025, 09:02 PM UTC

Canada Produces 10% of Cars Sold in USA; Tariffs May Increase Retail Prices by $3,000

Published on: January 23, 2025, 09:01 PM UTC

Argentina cuts grain export taxes amid macroeconomic stability

Published on: January 23, 2025, 09:01 PM UTC