The recent announcement of a 25% tariff on imported cars by President Donald Trump has sent shockwaves through the automobile industry, igniting fears of an impending crisis. Major players, such as General Motors and Stellantis, witnessed their stock values plunge, with GM losing over 6% in premarket trading. This abrupt move, ostensibly intended to bolster
The recent announcement from President Donald Trump regarding a 25% tariff on all foreign-made cars has ignited a flurry of dialogue and controversy across the political spectrum. With Trump positioning this as a move to bolster American manufacturing, the implications extend beyond mere economics; they touch on innovation, global trade relationships, and the unpredictable nature
In a landscape riddled with uncertainty for initial public offerings (IPOs) and mergers and acquisitions (M&A), Google’s whopping $32 billion acquisition of Wiz signals a potential shift in the market’s trajectory. This monumental deal, marking Google’s most significant acquisition to date, reopens the conversation around not just cybersecurity but the broader economic landscape that has
In a landscape increasingly marred by economic uncertainty, investors may find themselves at a crossroads, weighing the pros and cons of stock market exposure. Alex Morris, CEO of F/m Investments, is advocating a thoughtful strategy: a pivot towards bonds, particularly in shorter durations. This viewpoint isn’t just rooted in a momentary lapse of faith in
In a daring move that many analysts met with skepticism, GameStop recently announced the unanimous approval of its board to purchase Bitcoin using corporate cash. This ambitious strategy draws parallels to MicroStrategy, which has been a poster child for corporate cryptocurrency investments. With GameStop’s meme stock status, the announcement triggered a hearty after-hours stock surge
23andMe, a company once celebrated for its groundbreaking contributions to personal genomics, has recently filed for Chapter 11 bankruptcy protection. Once valued at an astonishing $6 billion, the embattled genetic-testing giant is now floundering, struggling to stay afloat amidst financial ruin and internal upheaval. CEO Anne Wojcicki has resigned, marking a significant turning point for
The upcoming film “Kiss of the Spider Woman,” directed by the renowned Bill Condon, is poised to capture attention not just for its narrative depth but also for its multifaceted performances. With Jennifer Lopez stepping into the role of the dynamic Ingrid, the film taps into her star power, and alongside her, the fresh talent
Hyundai’s decision to invest a staggering $20 billion in U.S. onshoring signifies a pivotal moment in the global economic landscape. This move comes as companies scramble to navigate a labyrinth of tariffs and trade restrictions in an increasingly protectionist world. The launch of a $5 billion steel plant in Louisiana is not merely a financial
As summer fades and Labor Day weekend approaches, moviegoers anticipate new releases to reinvigorate their cinematic experiences. Unfortunately, this year’s options feel lackluster. Enter “The Roses,” a film promising to shake up the stagnant atmosphere that has dominated theaters. While the summer has been filled with underwhelming blockbusters and uninspired sequels, Jay Roach’s latest comic
The announcement that Trump Media has struck a deal with Crypto.com to launch a suite of exchange-traded funds (ETFs) and related financial products signals a remarkable turnaround strategy—or perhaps a last-ditch effort—given the firm’s dismal performance thus far in 2025. After losing a staggering 38% of its stock value this year, any news that potentially