US stocks fell sharply on Monday after Moody’s downgraded the country’s credit rating, triggering a surge in Treasury yields and renewed pressure on equity markets. The Dow Jones Industrial Average declined by 130 points, or 0.3%. The S&P 500 dropped 0.58%, while the Nasdaq Composite led the losses with a 0.74% slide. Moody’s cut the… Continue reading US stocks slip in the red on Monday: Dow down 100 points, S&P drops 0.5%
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Trump’s plan to accept a jet as gift from Qatar sparks legal, ethical storm
The Trump administration’s plan to accept a lavish Boeing 747-8 aircraft from the royal family of Qatar has drawn fierce criticism from legal experts, lawmakers, and government watchdogs, who argue that such a transaction would raise profound ethical and constitutional concerns. If completed, the jet—reportedly worth around $400 million—would mark the largest foreign gift ever… Continue reading Trump’s plan to accept a jet as gift from Qatar sparks legal, ethical storm
Trump claims China will open markets to US businesses, ease trade barriers
President Donald Trump said Monday that China “agreed to open” its markets to American businesses, following a mutual agreement to reduce tariffs between the two nations. The temporary easing of trade restrictions is part of a 90-day deal aimed at de-escalating tensions between Washington and Beijing. Although Trump described the market access pledge as “maybe… Continue reading Trump claims China will open markets to US businesses, ease trade barriers
Tesla stock surges 6%: analyst sees more gains ahead
Tesla shares surged nearly 7% on Monday, outperforming broader market gains, as easing trade tensions between the US and China lifted investor sentiment and pushed the electric vehicle maker’s market capitalisation back above the $1 trillion mark. The stock surged over 6% at $318.80, helped by the progress in trade talks with Chinese officials in… Continue reading Tesla stock surges 6%: analyst sees more gains ahead
A 600% rally: How Bitcoin sent this healthcare stock soaring
Kindly MD Inc. (NASDAQ: KDLY) soared over 600% this morning after merging with Nakamoto Holdings, a Bitcoin investment firm founded by David Bailey in early 2025. Bailey is among the key personnel who are serving as crypto advisors to US President Donald Trump. The joint company, whose new name is yet to be announced, has… Continue reading A 600% rally: How Bitcoin sent this healthcare stock soaring
Brazil’s Inter&Co posts 57% jump in Q1 profit
Brazil’s Inter&Co released its results for Q1 2025, during which it recorded a 57% year-on-year increase in net profit. The group posted a net income of 287 million reais (about $56.4 million), excluding minority interests, emphasising the balance between revenue stability driven by strong operational performance and the positive impact of the strategic cost control process. The… Continue reading Brazil’s Inter&Co posts 57% jump in Q1 profit
US stocks open in the green: Dow jumps over 100 points, Nasdaq up 0.6%
US stocks edged higher on Friday as market sentiment improved following President Donald Trump’s comments suggesting progress on multiple trade agreements and a possible reduction in tariffs on Chinese goods ahead of key talks this weekend. The Dow Jones Industrial Average rose 111 points, or 0.3%, while the S&P 500 gained 0.4% and the Nasdaq… Continue reading US stocks open in the green: Dow jumps over 100 points, Nasdaq up 0.6%
India offers 9% tariff cut to fast-track $129 billion US trade deal
India is preparing to cut its average tariff differential with the US by nearly 9 percentage points—bringing it down from 13% to under 4%—in a major step toward securing exemptions from President Donald Trump’s current and potential tariff hikes. The sweeping proposal, not previously reported in full, represents one of New Delhi’s boldest trade liberalisation… Continue reading India offers 9% tariff cut to fast-track $129 billion US trade deal
Panasonic to slash 10,000 jobs in 2025 amid Japan’s economic downturn
Panasonic will lay off 10,000 employees in 2025, targeting 5,000 jobs in Japan and another 5,000 overseas. The Osaka-based group, which employs nearly 230,000 people globally, is restructuring its operations after reporting a 17.5% drop in net profit to ¥366 billion for the year ended March 31. The company expects profit to fall another 15%… Continue reading Panasonic to slash 10,000 jobs in 2025 amid Japan’s economic downturn