The world of crypto has seen a massive change in the United States. For a long time, crypto was seen as a risky and shady investment. It was popular among tech enthusiasts and criminals alike. The market was known for its extreme highs and lows. Just two years ago, the top crypto exchange, FTX, crashed, sending its CEO, Sam Bankman-Fried, to prison. Now, things are ...
Tesla's new Model Y is facing a tough time winning over customers. This is despite the fact that the company rolled out a refreshed version in January. The car maker is now offering big incentives to lure buyers. Some financing deals for the new Model Y come with a 0% interest rate. This is unusual for a new model in the industry. The company's shares have been vola...
A major change is happening at UnitedHealth Group. The company's CEO, Andrew Witty, has suddenly stepped down. This move came as a shock to many. Witty is leaving for personal reasons. He will now serve as a senior advisor to the new CEO, Stephen Hemsley. Hemsley previously led UnitedHealth Group from 2006 to 2017. He has a long history with the company, joining back...
Oil is a big deal for Iran. It makes up over 40% of the country's exports. So, when Trump threatened to punish countries buying Iranian oil, it was a significant move. This threat came just after planned talks between the US and Iran were delayed. The talks, set to happen in Rome, were supposed to discuss Iran's nuclear program. No specific country was named, but Chi...
Sony is facing a big choice. Should it split off its chip-making business? This business, known as Sony Semiconductor Solutions (SSS), could become its own company. This move might happen as soon as this year, according to reports. Sony might keep a small part of SSS after the split. The value of this chip business could be huge, around $49. 2 billion. But Sony has ...
Political leaders often find that their bold plans hit a snag when they clash with market realities. The stock market and bond yields have proven to be powerful influences, shaping the decisions of key figures in recent times. The market's influence is evident in the shifts seen in economic policies. The introduction of sweeping tariffs led to a significant drop in ...
The landscape of credit card companies in the United States is about to change. Capital One is set to become the largest credit card issuer in the country. This is after receiving the green light from key regulators. The Federal Reserve’s Board of Governors and the Office of the Comptroller of the Currency have given their approval for Capital One to acqui...
Netflix is all set to reveal its first-quarter earnings after the market closes on Thursday. This time, there's a twist. The streaming powerhouse is steering clear of sharing its usual subscriber numbers. Instead, it's putting the spotlight on revenue and other financial figures to gauge its success. This shift is part of a broader strategy to redefine how it measure...
The market was shaken up by Trump's back-and-forth on tariffs. By the time trading ended, stocks had regained some lost ground, but the damage was already done. Interest rates spiked, business activity slowed, and the specter of a recession loomed larger. The chance of a U. S. default crept up to 6%, according to prediction markets. Larry Summers, a former Treasury s...
The bond market's sudden turbulence played a significant role in Trump's decision to hit the brakes on his planned tariffs. This move came after just one week of intense pressure from various quarters, including fellow Republicans, business leaders, and even his close associates. The bond market's reaction was a wake-up call, showing that the economic fallout could b...