Tag: technology

Southwest Airlines stock fell 5% last week due to rising costs, but CEO Bob Jordan remains optimistic about the company's turnaround strategy, buoyed by rising confidence in fleet partner Boeing.

Published on: February 03, 2025, 01:03 PM UTC

The dollar surged and stocks fell as US tariffs sparked a global trade war, threatening economic growth. The Bloomberg Dollar Index jumped 0.9%, while S&P 500 futures slid 1.4%. European carmaker shares and crypto assets also tumbled amid concerns over inflation and supply disruptions. The impact on emerging markets was severe, with the Mexican peso weakening by more than 2%. In energy markets, tariffs threatened to disrupt North America's oil trade, pushing up gasoline prices.

Published on: February 03, 2025, 12:05 PM UTC

Investors flee stocks, rush to dollars amid Trump's unexpected tariff announcements on Canada, Mexico and China. S&P 500 and Nasdaq futures plummet, while Canadian dollar, euro, peso and yuan weaken against the dollar. Experts warn of potential recessionary consequences and long-term impact on global trade.

Published on: February 03, 2025, 12:05 PM UTC

The Trump administration takes an aggressive stance on mergers and acquisitions, with the DOJ blocking Hewlett Packard's proposed purchase of Juniper Networks. Experts predict continued pressure on anticompetitive deals, particularly in the technology sector.

Published on: February 03, 2025, 12:03 PM UTC

US stock futures signal sharp losses on Monday as Wall Street reacts to President Donald Trump's announcement of tariffs on China, Mexico, and Canada. Nasdaq 100 futures lead the decline, while S&P 500 and Dow Jones Industrial Average futures also point to significant drops. The tariffs, set to take effect on Tuesday, include duties on goods from all three countries, raising concerns about a trade war and its impact on the economy and markets.

Published on: February 03, 2025, 12:02 PM UTC

401(k) plans face significant challenges, including portability failure. As a result, many workers lose access to their retirement savings. To address this, experts recommend rolling over 401(k)s into IRAs or using Portable Retirement Plans, which offer greater portability and control.

Published on: February 03, 2025, 11:02 AM UTC

Warburg Pincus and Berkshire Partners in Talks to Buy Triumph Group

Published on: February 03, 2025, 11:01 AM UTC

Andrea Orcel of UniCredit buys a 4.1% stake in Assicurazioni Generali, adding leverage to his plan to reshape Italian banking.

Published on: February 03, 2025, 09:01 AM UTC

Fears of a global trade war rise as business leaders urge President Trump to rethink tariffs on Canada, Mexico, and China. Concerns over job losses, higher prices, and supply chain disruptions are being voiced by industry leaders and organizations. The aluminum industry seeks exemptions for Canada, while the steelworkers union calls for a reconsideration of tariffs on the country. The retail industry expresses support for strengthening trade ties but warns of the risks associated with the tariffs. The automotive industry argues that vehicles meeting NAFTA requirements should not face increased tariffs. The Canadian Chamber of Commerce condemns the tariffs as self-defeating, highlighting the deep integration of supply chains. The petroleum industry emphasizes the importance of Canadian crude oil and seeks exclusions to protect energy affordability for consumers.

Published on: February 03, 2025, 08:03 AM UTC

Trump administration sues to block Hewlett Packard's acquisition of Juniper Networks, signaling aggressive antitrust enforcement against big mergers, especially in tech.

Published on: February 03, 2025, 08:02 AM UTC