Posts with tag: magic
President Trump signs reciprocal tariff plan, delays implementation for negotiations with impacted countries.
Published on: February 13, 2025, 09:02 PM UTC
President Trump's protectionist trade policy faces doubts from savvy investors, with a Yahoo Finance survey indicating expectations of higher prices and economic damage from tariffs on Chinese imports, steel, and aluminum.
Published on: February 13, 2025, 12:03 PM UTC
Elon Musk offers $97.4 billion to buy OpenAI, the nonprofit governing the popular AI research lab. OpenAI CEO Sam Altman dismisses the offer, but experts say it could complicate OpenAI's plans to convert to a for-profit company. Musk's bid raises the potential market value of OpenAI's assets and could force the company to raise more capital, diluting the value of existing investors' stakes.
Published on: February 11, 2025, 08:00 PM UTC
US stocks traded mixed Tuesday, with Dow Jones Industrial Average higher, S&P 500 flat, and Nasdaq Composite lower. Investors digested Trump's tariff announcements and awaited Jerome Powell's testimony. Coca-Cola shares rose after earnings beat, while Shopify stock rebounded from losses. Gold surged on tariff threats, while Powell emphasized Fed independence and played down recession concerns.
Published on: February 11, 2025, 07:01 PM UTC
Gold prices pulled back slightly on Tuesday after a rapid 10% run year-to-date. Analysts see more upside for gold given recent tariff announcements and the threat of an escalating trade war.
Published on: February 11, 2025, 06:02 PM UTC
Elon Musk vows to launch Tesla's driverless "robotaxi" service in Austin, Texas, raising concerns about safety and legal implications given Texas's hands-off regulatory approach toward autonomous vehicles.
Published on: February 10, 2025, 12:05 PM UTC
Traders expect further interest rate cuts from the Bank of England after policymakers lowered borrowing costs and two voted for a bigger reduction. The pound fell while bonds initially rallied.
Published on: February 06, 2025, 07:01 PM UTC
Essex Property Trust Inc. (ESS) reported Q4 FFO of $3.92/share, beating expectations of $3.90. Revenue of $454.5 million also topped estimates of $453.1 million.
Published on: February 04, 2025, 10:06 PM UTC