Reported 3 months ago
Gold prices dipped to a low of $3,260/oz after a court ruled against the Trump Administration's tariff authority but rebounded as a Federal appeals court paused that ruling. Market volatility was driven by the US Dollar's responses to legal decisions regarding tariffs placed on trading partners. The metal stabilized near $3,300/oz as traders reacted to political developments, with key economic data anticipated in the coming weeks.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
President Donald Trump stated that American automakers, including Tesla, must manufacture entire vehicles and all parts domestically rather than sourcing them from abroad. This declaration came during a press conference related to Tesla CEO Elon Musk's final day in an official advisory role at the White House. Trump emphasized his desire for complete production in the U.S., criticizing the current practice of parts being made in various countries and expressed concerns over tariffs impacting companies that import auto parts.
Source: YAHOO
Reported 3 months ago
Source: WSJ
Reported 3 months ago
Global markets experienced a tumultuous week due to escalating U.S.-China trade tensions and legal disputes over tariffs. Despite concerns over a potential slowdown in U.S. growth and investor apprehension regarding a new tax potentially affecting foreign investment, U.S. Treasury prices rebounded after a month of declines, buoyed by a cooling inflation rate. While major indices like the S&P 500 are nearing record highs, the uncertainty surrounding tariff developments continues to keep traders on edge, with the Federal Reserve remaining cautious about any interest rate changes.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Elon Musk, during his farewell appearance as a special government employee alongside President Trump, touted a future of $1 trillion in savings from his Department of Government Efficiency (DOGE). Offering shifting estimates throughout his tenure, Musk claimed his team's ongoing efforts would lead to significant waste and fraud reduction over time. However, independent analyses suggest that actual savings may be lower than advertised, as overall government spending has risen in 2025 compared to the previous year.
Source: YAHOO
Reported 3 months ago
US President Donald Trump is optimistic that a conversation with Chinese President Xi Jinping could alleviate rising trade tensions sparked by delays in China's export licenses for critical minerals. Both nations have expressed dissatisfaction with each other's adherence to a recent trade agreement, complicating the already fragile trade relations between the two largest economies. US officials have accused China of not complying with the deal, while Beijing has raised concerns over US export control measures. The situation remains uncertain as Trump considers reaching out to Xi to find a resolution.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
Anthropic, an artificial intelligence developer, has reached approximately $3 billion in annualized revenue, marking a significant increase from nearly $1 billion in December 2024. This growth is attributed to the rising demand for generative AI in business, particularly in code generation services. While its competitor OpenAI is focused on consumer products, Anthropic's substantial revenue growth positions it as a leading software-as-a-service vendor, highlighting the expanding role of AI in enterprise applications.
Source: YAHOO
Reported 3 months ago
Tesla stock saw a weekly gain as CEO Elon Musk prepares to fully return to the company after leaving a government role. This follows a New York Times report alleging Musk's extensive drug use during the Trump campaign. Despite these revelations, Tesla's stock was up 22.8% for May, bolstered by news of Musk's focus on advancing the company and its self-driving technology initiatives.
Source: YAHOO
Reported 3 months ago
Nvidia's stock fell nearly 3% after President Trump alleged that China violated a trade agreement with the U.S., raising concerns over renewed trade tensions. Despite a recent temporary tariff reduction, investor anxiety grew as the Trump administration hinted at expanding trade restrictions on the tech industry. Nvidia has faced significant losses due to a ban on chip sales to China, with expectations of further financial impact as trade relations remain uncertain.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
Saving $1,000 in a month may seem ambitious, but with the right strategies, it’s achievable. Begin by creating a budget to track expenses, then identify areas to cut costs, such as subscriptions and dining out. Make adjustments to variable expenses like groceries and entertainment, seek out free activities, and explore options for earning extra income. Consider automating your savings and taking advantage of high-yield savings accounts to grow your money. By following these steps, you can reach your savings goal while enhancing your financial security.
Source: YAHOO
Reported 3 months ago
President Trump has accused China of violating its trade deal with the U.S. and hinted at imposing stricter restrictions on China's tech sector. This comes after stalled negotiations and recent court rulings regarding tariffs. Trump emphasized the necessity of tariffs for the U.S. economy and expressed hope for a resolution through discussions with Chinese President Xi.
Source: YAHOO
Reported 3 months ago
In April, crypto exchange-traded funds (ETFs) attracted a significant $3.7 billion in net inflows, marking the strongest month for the category in 2025. The iShares Bitcoin Trust (IBIT) led the inflows with $2.7 billion, showcasing strong institutional and retail confidence in Bitcoin. Despite some mixed results, with one fund experiencing outflows, the overall trend reflects a robust demand for digital assets. The total assets in crypto ETFs approached $150 billion, while thematic ETFs also continued to grow, adding nearly $1 billion in the same timeframe.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Source: WSJ