Economist Peter Schiff criticized President Donald Trump‘s proposed 100% tariff on foreign-produced movies, questioning its implementation and suggesting that Netflix Inc. (NASDAQ:NFLX) subscribers would ultimately bear the cost. What Happened: “Today Trump announced a 100% tariff on movies produced outside…
Uber Technologies Inc. (NYSE:UBER) will operate more self-driving taxis through its platform as the ride-hailing giant announced a partnership with May Mobility Inc. What Happened: The company plans to deploy "thousands" of May Mobility autonomous vehicles in the multi-year partnership,…
U.S. stock futures declined Wednesday morning, even as major indexes closed higher on Tuesday, with the S&P 500 and Dow Jones logging their sixth consecutive day of gains — marking their longest winning streak in months. Easing of the auto…
International Business Machines Corporation (NYSE:IBM) disclosed a $150 billion investment plan in the U.S. over the next five years. The initiative aims to drive economic growth and strengthen its position as a global computing leader. In particular, the company plans…
Tesla Inc. (NASDAQ:TSLA) has announced a range of promotions for customers in the U.S. on all of its models in a bid to increase declining sales figures. What Happened: The EV giant's promotions include FSD transfers on all new Model…
President Donald Trump has declared a significant reduction in the high tariffs placed on Chinese goods, although they will not be completely abolished. What Happened: At a White House press conference on Tuesday, Trump addressed earlier remarks made by Treasury Secretary Scott…
Alibaba Group Holding (NYSE:BABA) research arm, Damo Academy, has won a key endorsement from the U.S. Food and Drug Administration (FDA) for an artificial intelligence (AI)-powered cancer detection tool. The FDA granted the “breakthrough device” designation to the research group’s Damo…
Qube Research & Technologies Limited, a London-based hedge fund, has disclosed a substantial short position against Trump Media & Technology Group Corp. (NASDAQ:DJT), the company behind Truth Social, according to Germany’s Federal Gazette. What Happened: The position represents 2.53% of…
Billionaire and Dallas Mavericks owner Mark Cuban once shed light on the common misconceptions about super-rich individuals and the impact of wealth on personal relationships. What Happened: Cuban, who has made a name for himself by investing in profitable companies and…
The Trump administration announced a 90-day halt on most tariffs, sending global stocks on the rise after a period of uncertainty. However, U.S. President Donald Trump has refused to implement a halt on the 25% Tariffs on the automotive sector,…
