Elon Musk lost $34 billion in net worth in one day following a fiery public feud with President Donald Trump on X. The clash, impacting Tesla’s stock, raises questions about business and politics intersecting, as Musk’s empire faces potential long-term consequences.
Lululemon’s stock has plummeted due to escalating tariffs tied to Trump’s trade policies. Facing higher import costs, the athleisure brand warns of price hikes and supply chain challenges. This reflects broader retail struggles amid global trade tensions, testing the company’s resilience.
Dow Jones futures rise with optimism ahead of the May jobs report, while Broadcom falters on weak earnings. Tesla’s stock dips amid a Musk-Trump feud, adding market volatility. Investors brace for mixed signals as economic data and corporate challenges unfold.
Asian markets opened lower as stalled talks between Trump and Xi dampen sentiment. Investors await the pivotal U.S. jobs report, which could sway global equities. Uncertainty over trade and economic indicators keeps trading subdued, with focus on central bank policies and potential volatility ahead.
Palmer Lake Mayor Glant Havenar resigns amid controversy over a proposed Buc-ee’s location. The community is divided on the development’s economic benefits versus its impact on the town’s charm. Her sudden exit raises questions about the project’s future and the town’s direction.
Procter & Gamble plans to cut 7,000 jobs globally, signaling a major restructuring effort. This move aims to streamline operations and boost investments in innovation amid economic challenges and evolving consumer trends. The impact on employees and P&G’s long-term strategy remains under scrutiny.
Global stocks hit new highs and treasuries rally as investors anticipate interest rate cuts by the U.S. Fed and European central bank. With the pivotal U.S. payrolls report looming, markets balance optimism with caution, eyeing economic data for direction.
A major U.S. ethane exporter reveals that shipments to China are blocked amid rising trade tensions. This restriction on a key industrial resource raises concerns about global supply chains and economic relations, as both nations navigate a complex landscape of trade barriers and geopolitical strategies.
MongoDB (NASDAQ:MDB) reported a stellar Q1 CY2025 with a 21.9% revenue increase to $549 million, surpassing expectations. The stock jumped 14.3% as demand for its cloud-based database solutions grows. Strategic partnerships and innovation continue to drive its success.
Newport’s floating Hooters, a unique riverfront restaurant, has permanently closed amid the chain’s bankruptcy filing and industry challenges. Once a local landmark, its shutdown raises questions about the site’s future and Hooters’ broader strategy in a shifting casual dining landscape.
