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Bitcoin Hurtles Towards $100K as US-UK Trade Pact Sparks Crypto Rally
2 months ago
Cryptocurrency News
Bitcoin surged past $99,000 on Thursday, nearing the symbolic $100,000 mark for the first time since February, after news broke of a finalized trade agreement between the United States and the United Kingdom. The world’s biggest cryptocurrency rose over 3% to ...
Tesla’s European Freefall Deepens
2 months ago
Stocks News
Tesla is in big trouble in Europe. This comes just as the continent’s appetite for electric vehicles is growing again. In April, Tesla’s sales dropped sharply in key markets—62% in the UK, 67% in Denmark, 74% in the Netherlands, 33% in ...
Auto Giants Back Away From Issuing Financial Guidance
2 months ago
Economy News
Major automakers are pulling financial forecasts as tariff uncertainty muddies the global automotive waters. Stellantis, Mercedes-Benz, General Motors, Volvo, and Volkswagen have all hit pause on their annual investor guidance, citing uncertainty stemming from US trade policy. Stellantis, which oversees brands from ...
Crude Oil Prices Plunge as OPEC+ Increases Production
2 months ago
Commodities News
Oil prices slumped to their lowest level in over three years as OPEC+ pushed ahead with big production increases just as global demand gets weaker from rising trade tensions. Brent futures slid by 4.6% to $58.50 per barrel in early Monday ...
Eurozone Jobless Rate Holds at Record Low
2 months ago
Economy News
Unemployment across the eurozone held steady at a historic low of 6.2% in March 2025, unchanged from the previous month and significantly improved from 6.5% a year earlier. The broader EU also reported a stable rate of 5.8%, down from 6.0% ...
U.S. Crypto Industry Welcomes Clear Regulation
2 months ago
Cryptocurrency News
The Trump administration has ushered in a dramatic shift in U.S. crypto policy, pivoting from a regulatory-heavy stance to a more industry-aligned framework. Several regulatory rollbacks have quickly repositioned the U.S. as a more favorable environment for digital assets. Notably, the ...
U.S. GDP Slips into the Red as Tariff Fears Bite
2 months ago
Stocks News
The U.S. economy shrank 0.3% in the first quarter of 2025, marking its first quarterly contraction since early 2022 and igniting fresh concerns about recession as the Trump administration embarks on a renewed tariff push. The unexpected downturn came as businesses ...
Coca-Cola Holds Steady in Trade War Crossfire
2 months ago
Stocks News
Coca-Cola posted better-than-expected first-quarter results and kept its full-year forecast intact, even as global trade tensions continued to rattle markets. The drinks giant reported adjusted earnings per share of 73 cents, just about beating analyst expectations of 71 cents. Revenue came ...
Alphabet Rallies on Strong Google Ads and Cloud Profit Boost
2 months ago
Stocks News
Alphabet shares surged nearly 5% in after-hours trading after reporting stronger-than-expected first-quarter earnings, driven largely by robust growth in its Google Search advertising. Overall revenue rose 12% year-on-year to $90.2 billion, comfortably beating analyst forecasts of $89.12 billion. Search advertising alone ...
Tariffs and Falling Vaccine Sales Dim Merck's Outlook
2 months ago
Stocks News
Merck has trimmed its full-year profit forecast, citing a $200 million hit from global tariffs and a one-time licensing charge. The vaccines titan now expects adjusted earnings between $8.82 and $8.97 per share in 2025, a notable downgrade from earlier ...
Markets Rebound as Trump Softens Tariff Talk
2 months ago
Economy News
Global markets bounced back on Tuesday after US President Donald Trump signaled a shift in tone on both China tariffs and monetary policy. He promised a “substantial” but not total reduction in tariffs on Chinese goods, which calmed investor nerves ...
Tesla’s Stock Slides Ahead of Earnings Report
2 months ago
Stocks News
Tesla shares tumbled nearly 6% to close at $227.50 on Monday, dragging year-to-date losses to 44% just one day before its first-quarter earnings report. This marks the 12th session in 2025 with a drop of more than 5%, proving how ...
Apple’s China Problem Isn’t Going Anywhere
2 months ago
Stocks News
Apple may have dodged the latest round of tariffs for now, but its reliance on China remains a critical vulnerability. Over 90% of the 220 million iPhones sold annually are manufactured in China, a country now hit by US tariffs ...
Netflix Reports Strong Q1 Earnings and 13% Revenue Jump
2 months ago
Stocks News
Netflix started 2025 with a bang, posting first-quarter revenue of $10.54 billion—up nearly 13% year over year and slightly above Wall Street’s forecast of $10.52 billion. Net income rose to $2.89 billion, or $6.61 per share, well ahead of the ...
ECB Slashes Rates as Trade Tensions Cloud Eurozone Outlook
2 months ago
Economy News
The European Central Bank has cut its main interest rate from 2.5% to 2.25%, marking the seventh reduction in just 12 months. The move comes amid escalating global trade tensions triggered by U.S. tariffs, which have injected fresh uncertainty into ...
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