Toyota estimates that Trump’s tariffs will result in a $1.3 billion loss in two months.
Toyota issued a report on Thursday estimating that the significant tariffs proposed by President Trump, including those on automobile imports, could lead to a $1.3 billion drop in profits for the months of April and May. This year, Trump suggested a 25% tariff on imported vehicles and auto parts. Being a Japanese-owned entity, Toyota will […]
Apple Supports $20 Billion Agreement in Google Search Antitrust Case
Eddy Cue, Apple’s senior vice president for Services, defended the company’s $20 billion annual agreement with Google during the recent antitrust trial in Washington, D.C. He also stated that significant advancements in AI could disrupt Google’s search dominance more effectively than any court ruling. In an ongoing trial regarding the Department of Justice’s successful antitrust […]
New theme park in Abu Dhabi to cost over $10 billion to construct, but the company will not contribute.
Disney is set to launch its first new theme park in over a decade, planning a lavish resort in Abu Dhabi at a cost of $10 billion. The entertainment company unveiled the Landmark project on Tuesday, calling it a significant milestone akin to the opening of Disneyland in 1955. During a quarterly revenue call, Disney […]
1.7 billion passwords exposed on the dark web and the reasons yours may be in danger
Cybercriminals are shifting their focus from large corporations to everyday users, employing Infostealer malware to quietly pilfer passwords, browser data, and access tokens from personal devices. A recent report indicates a staggering 500% increase in Infostealer activity over the past year, resulting in the theft of over 1.7 billion credentials, highlighting an unchecked escalation in […]
Trump administration withdraws $2.2 billion in federal funds from Harvard amid legal dispute over campus antisemitism
Trump Administration Cancels $2.2 Billion Grant to Harvard WASHINGTON – The Trump administration has decided to cancel a $2.2 billion grant intended for Harvard amid an ongoing legal dispute regarding the Ivy League institution’s handling of anti-Semitism, as indicated by a senior White House official. Michelle Bulls, who oversees Foreign Studies at the National Institutes […]
Investors Added $58 Billion to US ETFs Despite April’s Instability
April highlights In April 2025, the Morningstar Global 60/40 Index saw a 0.76% rise, recovering from previous monthly losses. US exchange-traded funds (ETFs) raised $58 billion during the month. The UltraShort-Bond ETF attracted significant interest with a $15 billion inflow. The Vanguard S&P 500 ETF maintained its position as the largest ETF by net worth. […]
Credit Suisse to provide $511 million for assisting Americans in avoiding $4 billion in taxes
Credit Suisse has admitted guilt to criminal charges and has agreed to pay a hefty fine of $511 million for assisting affluent Americans in concealing over $4 billion from the federal authorities. This recent plea deal culminates a long investigation by the Department of Justice, which spotlighted what officials termed a significant criminal tax evasion […]
3G Capital acquires Skechers for $9.4 billion, making the footwear company privately owned
3G Capital, a private equity firm, has finalized an agreement to acquire Skechers and transition the footwear brand into a private entity. This multi-billion dollar agreement, announced on Monday, received “unanimous” backing from Skechers’ board. As part of the arrangement, 3G Capital will buy Skechers shares at $63 each. Shareholders of Skechers can also choose […]
NASA supports Trump’s budget plan, even with a $6 billion reduction for the agency.
Last week, President Trump unveiled a budget proposal allocating approximately $6 billion to NASA. Interestingly, a NASA official suggested that this reduction—even though it seems drastic—might actually enhance efficiency and exploration efforts. “This cut,” Ryan Whitley from NASA explained, “presents an opportunity to innovate the implementation of space missions.” He emphasized the importance of minimizing […]
DoorDash to buy UK competitor Deliveroo for $3.9 billion
Doordash has announced plans to acquire its UK competitor Deliveroo for $3.855 billion, following a resurgence in negotiations last month. The proposal stands at 180p per share, which has raised Deliveroo’s stock from about 2% to 175.6p per share. There had been a standstill in discussions previously, mainly due to disagreements regarding Deliveroo’s valuation. Doordash […]