Finance

Elon Musk’s recent comments on the extravagant $2.5 billion renovation of the Federal Reserve building have ignited discussions about government spending in ways that few have dared to scrutinize. Musk, known for his candid approach, raised eyebrows by questioning the rationale behind such a staggering price tag for what amounts to building upgrades. “What do

Eric Trump, the executive vice president of the Trump Organization, recently issued a clarion call for banks to radically transform their operations or risk becoming obsolete. Speaking at a cryptocurrency conference in Dubai, he characterized the current financial system as “broken, slow, and expensive.” The reality is that Trump’s criticisms echo sentiments shared by many

In an astonishing display of steadfastness, individual investors are choosing to weather the storm unleashed by President Donald Trump’s controversial tariff policies. According to Treasury Secretary Scott Bessent, a significant 97% of Americans have decided to stick with their investments despite the turbulent market conditions. This statistic, highlighted during a press briefing, underscores a fascinating

The recent surge in U.S. tariffs has ignited a wave of uncertainty within the Chinese manufacturing sector, leading to companies retreating from traditional markets and prompting shifts in production strategies. These tariffs, which have more than doubled and sparked retaliatory measures from China, have left factories across the country grappling with order cancellations and furloughs.

While the majority of high-profile stocks are struggling to find solid ground in 2025, Warren Buffett’s Berkshire Hathaway has managed to shine bright, defying a backdrop of market lethargy with an impressive 17% uptick. This figure stands in stark contrast to the S&P 500, which has stumbled with a 6% decline year-to-date. Such robust performance

Analyst Craig Moffett, a notable name in the financial world, raises critical questioning around Apple’s ambitious plans to shift its iPhone assembly from China to India. By examining the feasibility of such a move, Moffett highlights a nuanced view that extends beyond surface-level optimism. The core of his argument rests not just on economic theory

In a world becoming increasingly polarized, China’s economic landscape faces significant hurdles. A recent meeting chaired by President Xi Jinping highlighted the government’s acknowledgment of “increased external shocks” impacting business stability. This admission comes against the backdrop of escalating tensions with the United States, marked by the introduction of punitive tariffs exceeding 100%. Such aggressive

Ken Griffin, the formidable founder and CEO of Citadel, recently articulated a poignant concern regarding President Trump’s aggressive trade policies. As a once-ardent supporter of Trump, Griffin has shifted gears, criticizing the administration’s handling of economic diplomacy and its detrimental impact on America’s international standing. The United States, he argues, isn’t merely a geographical entity;

The recent stock market surge has captivated analysts and investors, demonstrating how delicate and volatility-prone market dynamics can be. A significant catalyst in this dramatic turnaround has been the compulsive frenzy of short sellers scrambling to cover their positions. When hedge funds ramp up their bearish bets, adding fuel to a volatile market environment, the

In a strategic leap towards European markets, Lyft recently declared its acquisition of Free Now, a prominent taxi app, in a substantial deal worth €175 million ($199 million). This venture is Lyft’s inaugural foray into Europe and signifies a pivotal moment in the company’s visionary roadmap. With over 150 cities across nine countries under Free