The financial markets experienced a seismic upheaval last Thursday as President Donald Trump unveiled his extensive tariff plan, a move that sent shockwaves through various sectors, particularly fintech firms and credit card issuers. The immediate aftermath of this announcement witnessed Affirm’s stock plummeting a staggering 19%. Robinhood, the app championing accessible stock trading, saw its
Enterprise
When Brad Gerstner, CEO of Altimeter Capital, expressed his belief that Nvidia could weather the storm of President Trump’s aggressive tariff policies, he wasn’t just blowing smoke; he was signaling a shift in how we view technology stocks amidst political chaos. As tariffs threaten to ravage countless industries, Nvidia stands out. The explosive demand for
Amazon, a titan in the e-commerce sector, has made waves by submitting a proposal to the White House to acquire TikTok from its Chinese parent company, ByteDance. This unexpected maneuver was revealed to CNBC or, rather, it drifted into public awareness like a whisper caught in a political maelstrom. While the response from the parties
The cryptocurrency market stands at an inflection point, where ambition meets uncertainty. At the forefront of this transformation is Circle, the issuer of the USDC stablecoin, which has recently filed for an initial public offering (IPO) that could reshape its trajectory and that of the larger crypto landscape. Aiming for a valuation of up to
In an era where technological supremacy is intertwined with national security, the news of GlobalFoundries considering a merger with Taiwan-based United Microelectronics could be seen as a game changer. This potential union is not merely a business maneuver; it symbolizes a substantial strategic shift in global semiconductor manufacturing. As competition from China looms, and tensions
In a stunning turn of events, a class-action lawsuit against Elon Musk and his family office, Excession, has been given the green light to proceed in federal court. This pivotal case, Rasella v. Musk, highlights the murkiness surrounding the billionaire’s stock dealings and raises serious questions about the ethical implications of his transparency—or lack thereof.
Intel, once the crown jewel of the tech industry, is grappling with an existential crisis, evident from its latest announcement regarding the exit of three long-serving board members. This decision, illuminated in a recent filing, underscores the growing urgency for the company to pivot and rejuvenate its leadership amidst dwindling market performance. The resignation of
As major tech companies scramble to solidify their dominance in artificial intelligence, the stakes couldn’t be higher. Alibaba Cloud has taken a bold step forward with the launch of their latest model in the Qwen series, the “Qwen2.5-Omni-7B.” The implications of releasing a multimodal AI capable of processing text, images, audio, and even video in
The recent decision by the U.S. to blacklist an extensive list of over 80 Chinese tech companies, including more than 50 specifically from China, cannot simply be dismissed as a political maneuver; it is an essential safeguard for national security. This escalation in export controls, particularly in sectors as vital as artificial intelligence and advanced
In a shocking turn of events, 23andMe, the popular DNA testing company, has filed for Chapter 11 bankruptcy protection. The implications of this move are multifaceted, especially regarding the company’s vastly sensitive genetic database. As consumers continue to seek insights into their genetic heritage through at-home tests, one cannot help but confront the darker side