Posts with tag: travel
Gold hits record high above $2,900 as trade war fears escalate, with analysts bullish on the safe haven asset.
Published on: February 10, 2025, 10:03 PM UTC
The Magnificent Seven tech stocks have underwhelmed in 2025, with only Meta Platforms showing double-digit gains. Artificial intelligence spending concerns have weighed on sentiment, and investors are worried about profit margins hitting a short-term peak. Tesla is the worst performer, down 6%, while Amazon is up 5.9%. Meta, Microsoft, Amazon, and Alphabet are planning to spend a combined $325 billion on capital expenditures this year, raising concerns about monetization versus capex.
Published on: February 10, 2025, 10:02 PM UTC
Investors led by Elon Musk offer $97 billion to buy OpenAI, the AI company he co-founded. OpenAI CEO rejects the offer.
Published on: February 10, 2025, 10:00 PM UTC
President Trump's trade actions this week will focus on steel, aluminum, and reciprocal tariffs. New duties on steel and aluminum will be announced today, and reciprocal tariffs designed to equalize global trade are set for Tuesday or Wednesday. The moves come amid an ongoing trade war with China and potential tariffs on Canada and Mexico.
Published on: February 10, 2025, 09:04 PM UTC
McDonald's misses expectations for Q4 2024, with revenue decreasing 0.28% and adjusted earnings per share falling short of estimates. Despite positive global same-store sales growth, US sales decline amid an E. coli outbreak. The chain aims to regain foot traffic through affordability initiatives and menu innovation in 2025.
Published on: February 10, 2025, 09:03 PM UTC
Billionaire Elon Musk suggests closer scrutiny of the Federal Reserve in the wake of Fed Chair Jerome Powell's upcoming testimony on Capitol Hill. Musk argues for transparency and accountability in all aspects of government, including the Fed.
Published on: February 10, 2025, 09:03 PM UTC
Stocks rebounded Monday, led by technology, as investors shrugged off concerns over inflation and US tariff threats. The Nasdaq 100 surged over 1%, while the S&P 500 and Dow Jones Industrial Average also gained. The dollar strengthened and gold hit a record high. Keep an eye on inflation data and Fed Chair Jerome Powell's testimony this week.
Published on: February 10, 2025, 09:01 PM UTC
Activist hedge fund Elliott Management takes stake in BP, sending shares surging 8%. Known for pushing for change, Elliott could seek to split BP's oil and gas unit and alter management.
Published on: February 10, 2025, 07:00 PM UTC
US stocks climbed Monday, expecting a rebound from sharp losses as steelmakers rallied after President Donald Trump said he would impose new tariffs on steel and aluminum imports.
Published on: February 10, 2025, 05:02 PM UTC
Leading economists caution against potential stagflation shock from a full-scale US trade war as markets hover near record highs.
Published on: February 10, 2025, 05:02 PM UTC