According to Edmunds statistics, motorists traded in a record number of Tesla electric vehicles in March despite a surge of demonstrations over CEO Elon Musk’s role as an adviser to US President Donald Trump. According to Edmunds statistics, Tesla vehicles from model years 2017 and newer accounted for 1.4% of all cars traded in till…
CoreWeave, an Nvidia-backed business, had its initial public offering on Thursday oversubscribed due to early mutual fund backing and one-on-one conversions, Bloomberg reported. According to Bloomberg sources, the CoreWeaveIPO was oversubscribed, potentially raising $2.7 billion at the top of the advertised range. According to sources, the deal will likely be priced next Thursday and traded…
U.S. equities closed marginally down after rising on Wednesday after the Federal Reserve predicted two more rate drops this year amid fears that tariffs would increase inflation. The Fed kept interest rates constant, as expected, but its rate forecast soothed investors and consumers who have battled with rising interest rates over the last year. Lower…
It came from Fed Chair Jerome Powell, who told reporters Wednesday that his “base case” is rising inflation because President Trump’s tariffs will be “transitory” — bringing back memories of how central bank leaders discussed inflation during the early stages of the COVID-19 epidemic. Because Fed officials expected pandemic-era inflation to be temporary, they concluded…
President Donald Trump has made good on a campaign threat to start shutting down the Department of Education, though his attempts will indeed be challenged in court and constitutionally. On Thursday, the Republican leader performed an elaborate ceremony to sign an executive order that would result in the department’s liquidation. A semi-circle of youngsters sat…
Oil prices increased, erasing previous losses, as a projected increase in US oil stocks was overshadowed by anticipation that OPEC+ will continue production restrictions. West Texas Intermediate rose about 1% to trade above $79 per barrel after previous gains this week fueled by indications of resilience in physical markets. The American Petroleum Institute, which is…
Copper surged beyond its important benchmark of $10,000 per ton following weeks of global trade disruption caused by President Donald Trump’s call for tariffs on the critical industrial metal. Last, Trumpp directed the US Commerce Department to examine US copper imports as a potential preliminary step towards slapping tariffs. Since then, US prices have skyrocketed,…
President Donald Trump claimed that the Federal Reserve should decrease interest rates, diverging from the US Central Bank, as experts assess the economic impact of his trade campaign. “The Fed would be MUCH better off CUTTING RATES as US tariffs begin to transition (ease!) into the economy,” Trump said on Truth Social. “Do the correct…
Gold prices remained stable on Thursday after reaching a new high earlier in the session, fueled by the Federal Reserve’s suggestion that the potential interest rate would decrease later this year and geopolitical and economic uncertainties, which fueled safe-haven demand for the metal. Spot gold remained steady at $3,044.44 per ounce after reaching a record…
According to its CEO, Nvidia will spend hundreds of billions of dollars on chips and other devices made in the United States over the next four years as the business shifts its supply chain away from Asia in response to Donald Trump’s tariff threats. The massive spending prediction from the world’s most valuable chip firm…