Tag: Literature

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Market Reaction to Trump's Tariff Plans: Dollar Up, Gold Hits Record High, Stocks Rebound

The dollar strengthened and gold hit a record high after President Trump's steel and aluminum tariffs announcement disrupted markets. Stock futures suggested a rebound from Friday's slump, with S&P 500 and Nasdaq 100 futures gaining. The yen and Canadian dollar weakened against the greenback, while American metals stocks surged on tariff news. BP Plc shares also jumped on news of Elliott Investment Management's stake. Key events to watch include Powell's speech and US CPI data.

EA Cuts 2025 Forecast on Weak Sports Titles

Video gaming giant Electronic Arts cuts FY25 bookings forecast amid sports titles weakness, leading to a 7% drop in share prices in extended trading.

Big Banks Are Becoming More Like Private Equity Firms

Goldman Sachs Embraces Private Markets, Blurring Lines with Private Equity