Economist Peter Schiff has sharply criticized Donald Trump‘s recent decision to postpone threatened 50% tariffs on European products, dismissing the move as a “fake win” that ultimately leaves American consumers footing a higher bill. What Happened: In an X post, […]
Gold prices fell and the U.S. dollar weakened after President Donald Trump delayed the implementation of 50% tariffs on the European Union on Sunday. Experts predict that a dip could be an “opportunity” to buy for the long term amid
Urban Outfitters Inc. URBN reported better-than-expected first-quarter earnings on Wednesday and highlighted that it was navigating the tariff-induced headwinds with its diversification strategies by sourcing from multiple countries. What Happened: The company’s Co-President and COO, Frank Conforti, highlighted during the
After Donald Trump signed an executive order slashing drug prices last week, experts have highlighted how pharmacy benefit managers (PBMs) could be hit the hardest despite pharmaceutical companies facing the potential of compressed margins amid poor pricing power. What Happened:
As ValueAct Holdings, LP. buys a fresh stake in Rocket Companies Inc. RKT, Andrew Left‘s Citron Research endorses the move, calling the investment a “multi-year story.” What Happened: The co-CEO and CIO of ValueAct, Mason Morfit, added 6.728 million shares
The 90-day pause on tariffs between the U.S. and China has resulted in a rally and positive market sentiment. However, experts caution that this reprieve is not a definitive end to the trade war, leaving significant uncertainty over the long
Billionaire investor and the CEO of Pershing Square, Bill Ackman, flagged the contribution of various subsidies to the mounting U.S. debt and appreciated President Donald Trump for proposing an order to cut the drug prices, quoting his earlier suggestion. What
Amid the ongoing overhaul in the U.S. economy, billionaire Mark Cuban contrasted the difference between turning around a corporation and a country, questioning whose interests the people in charge serve, while calling the 330 million citizens the directors of the
U.S. stock futures rose on Thursday following the Federal Open Market Committee’s (FOMC) decision on Wednesday. Futures of all four benchmark indices were higher in premarket trading. On Wednesday, the stocks advanced after Federal Reserve Chairman Jerome Powell announced that
U.S. stock futures were flat on Tuesday after a bounce back on Monday. Futures of all four benchmark indices were mixed in premarket trading. On Monday, stocks continued their recovery from last week’s sell-off, which had pushed the S&P 500
