Posts with tag: innovation
From slashing foreign aid to cutting healthcare and eliminating the penny, President Trump's early actions as president aim to finance tax cuts while reducing national debt.
Published on: February 10, 2025, 10:01 PM UTC
US stocks rebounded Monday as investors overlooked President Trump's new tariff threats, including levies on steel and aluminum imports. The Dow Jones Industrial Average (^DJI) climbed nearly 0.4% after the blue-chip index on Friday posted its worst loss in almost four weeks. The S&P 500 (^GSPC) gained roughly 0.6%, while the Nasdaq Composite (^IXIC) jumped nearly 1% as shares of AI chipmaker Nvidia (NVDA) surged 3%, along with other tech stocks.
Published on: February 10, 2025, 10:01 PM UTC
Wall Street banks are planning to capitalize on crypto industry growth fueled by President Trump's support, with Morgan Stanley, Bank of America, and Royal Bank of Canada eyeing IPOs and equity offerings.
Published on: February 10, 2025, 09:04 PM UTC
Rivian Opens Up Commercial Van Orders, Expanding EV Business Opportunity
Published on: February 10, 2025, 09:02 PM UTC
Disney (DIS) Removes DEI Programs as Companies Distance From Diversity Initiatives
Published on: February 10, 2025, 09:02 PM UTC
The Magnificent Seven tech stocks have underwhelmed in 2025, with only Meta posting double-digit gains. Tesla is the worst performer, down 6% due to weak sales and tariff concerns. Big Tech's massive capital expenditure plans for AI infrastructure have raised concerns about profit margins, leading to weakness in the Mag Seven and potentially the broader market.
Published on: February 10, 2025, 09:02 PM UTC
Billionaire Elon Musk offers $97.4 billion to buy the nonprofit that controls OpenAI, the AI startup.
Published on: February 10, 2025, 09:00 PM UTC
Rivian expands commercial van orders beyond Amazon, opening up a lucrative new business line for the EV maker. The vans, available in two sizes and starting at $79,900, cater to the growing demand for electric delivery vehicles. Rivian's move positions it well in the expanding commercial van market, estimated to reach $210.3 billion by 2034.
Published on: February 10, 2025, 08:02 PM UTC
US Stocks Rebound After Tariff Threats; Steel Companies Soar
Published on: February 10, 2025, 08:01 PM UTC
Trump's trade announcements loom, with steel, aluminum, reciprocal tariffs on the table. Importers, CEOs, and foreign leaders face ongoing uncertainty as details remain unclear.
Published on: February 10, 2025, 07:03 PM UTC