Christopher Ruddy, founder and CEO of Newsmax Inc., has become a billionaire following the company’s successful IPO. Newsmax’s shares surged 735%, giving Ruddy a fortune of approximately $3.3 […]
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Donald Trump’s Car Tariffs Plan Faces Challenges
Donald Trump’s plan to impose sweeping tariffs on imported goods, including cars and parts, aims to revitalize American car manufacturing. Dubbed ‘Liberation Day,’ the initiative is set for […]
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FDA Official’s Resignation Triggers Drop in Moderna and Novavax Shares
Shares of Moderna and Novavax plummeted following the resignation of a key FDA official who cited discord with RFK Jr., accusing him of seeking “subservient confirmation of his […]
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OpenAI Secures $40 Billion Investment Led by SoftBank
OpenAI has secured a $40 billion investment in a new funding round led by SoftBank, pushing its valuation to $300 billion. This marks the largest funding round for […]
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Gold Reaches New Record Amid Market Uncertainty
NEW YORK (AP) — Global markets continue to decline due to concerns over President Donald Trump’s protectionist trade policies, prompting investors to flock to gold, which hit another […]
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Global Stocks Outperform U.S. Amid Decline in ‘American Exceptionalism’
In late 2024, the ‘American exceptionalism’ trade was thriving, driven by President Donald Trump’s electoral victory in November, which encouraged global investors to pour money into the U.S. […]
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US Chip Grants In Limbo as Lutnick Pushes for Bigger Investments
Commerce Secretary Howard Lutnick has indicated that he might withhold promised Chips Act grants unless companies receiving federal semiconductor subsidies significantly expand their US projects, according to eight […]
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U.S. Stock Futures Slip as Investors Await Clarity on Trump’s Tariffs
U.S. stock futures declined on Monday night as investors awaited clarity from President Donald Trump regarding his tariff policy rollout. Futures tied to the Dow Jones Industrial Average […]
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Hooters Files for Bankruptcy
The restaurant chain Hooters has filed for bankruptcy, marking a significant shift in its business strategy. This move follows a founder-led buyout deal aimed at repositioning the brand. […]
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Stocks Stabilize as Gold Hits Record High Amid Tariff Anticipation
TOKYO, April 1 (Reuters) – Asian equities experienced a rise following Wall Street’s overnight gains, while gold reached an all-time peak and Treasury yields fell as markets awaited […]