The stock market had a wild ride this week. On Tuesday, it surged, with the S&P 500 seeing its biggest jump in ages. This sudden boost came after President Trump decided to put a pause on a planned 50% tariff hike on European goods. This move was a big deal because just days earlier, Trump had threatened to slap these tariffs on the EU. Investors were quick to react...
Trump Media & Technology Group has made a bold move. The firm is seeking to gather 2. 5 billion dollars from big investors. This money will be used to buy Bitcoin. This step shows that the company is shifting its focus from social media to financial services and cryptocurrency. The company plans to get 1. 5 billion dollars by selling around 58 million shares to a...
The Trump family, known for their diverse business ventures, has recently set their sights on the cryptocurrency market. They are not just dabbling in it; they are going all in. The Trump Media and Technology Group (TMTG) has secured a significant amount of funding to build up a substantial bitcoin reserve. This move puts them in direct competition with other compani...
There was a significant rise in stock prices on Tuesday. This happened after Trump announced he was pushing back the deadline for imposing tariffs on the European Union. The S&P 500 index went up by about 2%. The Dow Jones Industrial Average saw a gain of 713 points, which is roughly 1. 7%. The Nasdaq, known for its tech stocks, increased by approximately 2. 4%. Inve...
Salesforce has made a significant move to boost its artificial intelligence capabilities. The company is acquiring Informatica, a cloud data management firm, for a whopping $8 billion. This deal is all about giving Salesforce's AI a major upgrade. The company's shares saw a slight increase, while Informatica's shares jumped by about 6%. The acquisition is expected to...
Apple's stock has been on a rough patch. It's been dropping for eight days straight. This downturn started after a certain political figure made some strong statements. He suggested that if Apple doesn't make iPhones in the U. S. , the company could face big tariffs. This news hit the stock hard, causing it to drop about 22% since the start of the year. This decline ...
The U. S. and EU have decided to postpone a planned 50% tariff on EU imports. This change came after a conversation between President Donald Trump and European Commission President Ursula von der Leyen. Trump mentioned that the delay was requested by von der Leyen. She wanted more time to negotiate. This is not the first time Trump has threatened tariffs only to ...
The U. S. Mint is facing a peculiar challenge: producing coins that cost more to make than their actual value. This issue has sparked conversations about the future of certain coins, especially the penny. The penny, for instance, costs nearly 4 cents to produce and distribute. This is a significant increase from previous years, highlighting the rising costs of raw ma...
A new player in the personal finance game is making waves. Monarch, a startup focused on helping people manage their money, has just secured a whopping $75 million in funding. This cash injection is one of the biggest for a consumer finance tech company this year. The funding values the company at $850 million. The money will help Monarch grow its user base quickly. ...
The electric vehicle industry is buzzing with news of Tesla's upcoming budget-friendly car. This new model is set to hit the market in the first half of 2025, offering a significant price drop compared to the current base Model 3. The new vehicle is expected to be priced at around $30, 000, including federal tax credits. Without these credits, the price would jump to...