Trump’s Tariffs Just Created “Wealth Window” For 401K/IRA Owners From $1.50 per share to $98.40 🤩 [adv] Unsubscribe Trump’s Tariffs Just Created “Wealth Window” For 401K/IRA Owners [sponsor] President Trump is dead serious about returning America’s manufacturing jobs. But China’s dumping of US bonds and its anti-dollar attack triggered a stock market bloodbath. That’s…
By Brijesh Patel (Reuters) – Gold prices have fallen almost 10% from a record high just above $3,500 per ounce in April as a de-escalation in U.S.-China trade tensions punctured momentum, but analysts are sticking with a bullish outlook due to strong underlying support for the metal. Spot gold was trading around $3,180 an ounce…
By Anuja Bharat Mistry (Reuters) -Michael Burry’s Scion Asset Management has doubled its stake in Estee Lauder, at a time when the beauty giant’s new CEO is steering the company through a transformation to overcome weak demand in key markets such as North America and China. The U.S. investor, whose bets against the U.S. housing…
(Reuters) -OpenAI plans to help develop a massive new data center in the United Arab Emirates that may eventually be one of the largest in the world, Bloomberg News reported on Friday. The ChatGPT maker is expected to be one of the primary anchor tenants for a 5-gigawatt data center campus in Abu Dhabi, the…
By Patrick Wingrove and Maggie Fick (Reuters) -As Denmark’s Novo Nordisk shops for its next CEO to replace Lars Fruergaard Jorgensen, it should look across the Atlantic for a leader deeply entrenched in the United States, by far its largest market, analysts told Reuters. Novo, which manufactures the popular weight-loss drug Wegovy, said on Friday…
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By Nichola Groom (Reuters) -Companies that put solar panels on U.S. homes say a Republican budget bill advanced in Congress this week would deal a massive blow to the industry by eliminating a generous subsidy for homeowners that had buttressed the industry’s growth. The bill would scrap a 30% federal credit for taxpayers who put…
(Reuters) -UnitedHealth Group shares fell nearly 7% in premarket trading on Thursday, after the Wall Street Journal reported that the U.S. Department of Justice was investigating the company for potential Medicare fraud. The latest news adds to the health insurer’s litany of woes, including multiple government inquiries, a sudden change in top leadership and a…
ROME (Reuters) – Stellantis Chairman John Elkann on Thursday denied there was any truth to rumours that the company is in merger talks with fellow European automaker Renault. “We are not discussing any merger,” Elkann said at the FT Future of the Car Summit in London, speaking in a panel discussion with Renault CEO Luca…
Market Briefing As we head into the back half of May, traders are juggling a mix of macro catalysts and sector-specific stories. CPI data gave some signs of cooling, but the market remains uncertain about the Fed’s next steps. Tech is showing resilience, energy is holding ground, and retail earnings are delivering mixed signals. This…
