Tesla’s stock rises 5% after the Trump-Musk conflict leads to a $150B drop in market value.
Tesla’s stock surged by more than 5% on Friday, following a tumultuous clash between CEO Elon Musk and President Trump that had previously slashed the company’s market value by $152 billion. Investors were looking for clues that a reconciliation might be on the horizon after Tesla experienced its largest decline in over four years. However, […]
Dow rises 500 points following positive U.S. jobs report, S&P 500 reaches 6,000 mark: Live updates
Market Update: Positive Trends Amid Economic Concerns On June 5, 2025, traders were busy on the New York Stock Exchange as stocks experienced a significant uptick, which could help the economy manage an upcoming slowdown. This positive movement came following an unexpectedly good non-farm payroll report. The Dow Jones Industrial Average surged by 510 points, […]
Australian Dollar stays weaker as US Dollar rises before Nonfarm Payrolls
The Australian Dollar May Experience Changes Ahead of US NFP Reports Negotiations on tariffs continue following productive discussions between President Trump and Chinese President Xi Jinping. The US non-farm payroll may have increased by 130,000 jobs in May, with the unemployment rate expected to hold steady at 4.2%. The Australian Dollar (AUD) is set to […]
Another 13-year-old boy arrested in fatal NYC shooting of innocent man as youth violence rises in the city.
Police have arrested a second 13-year-old boy in connection with the shooting death of a friend’s friend in the Bronx. This young suspect faces several charges, including second-degree manslaughter and weapon possession related to the fatal shooting of 28-year-old Dowd Marji, authorities reported. The arrest occurred at LaGuardia Airport on April 23, when members of […]
Tension rises over SALT deduction among Republican leaders in the House and Senate
Republicans in states controlled by Democrats are raising concerns in the Senate regarding President Trump’s proposed budget. GOP lawmakers from New York and California want to keep the current limits on state and local tax (SALT) deductions, which they see as a way to save taxpayers money. These Republican representatives have made the existing $10,000 […]
Use of marijuana among the elderly rises by 50% as a doctor cautions about cognitive risks
Recent trends indicate that over 50 million Americans have used cannabis in the past year, and alarmingly, the demographic that’s increasingly adopting this habit includes older adults, particularly those who might not be in the best health to do so—yes, that means our grandparents. A study from JAMA Internal Medicine reports a nearly 50% surge […]
USD/INR rises due to foreign outflows and increased demand for the US Dollar
The Indian Rupee’s Outlook on Thursday The Indian rupee is expected to trade lower during the early European session on Thursday. Heightened demand for the US dollar and outflows from foreign stocks are putting pressure on the INR. The US trade balance and weekly unemployment claims will be released in the latter part of Thursday. […]
Gold rises as weak US data and trade concerns dampen risk appetite
Following the ISM and ADP reports, a rise in gold from a low of $3,343 highlighted a slowdown in the US economy. Trump issued an executive order raising metal tariffs to 50%, intensifying trade tensions with China. Federal Reserve officials are being cautious. The market is looking for unemployment claims and NFP data for further […]
NZD/USD rises close to 0.6000, watching for possible US-China discussions
Market Updates NZD/USD is expected to approach 0.6000 during early Asian sessions on Wednesday. U.S. job openings rose to 7.39 million in April, surpassing predictions. A call between President Trump and Chinese President Xi Jinping is anticipated soon. The NZD/USD pair is holding around 0.6000 in the early hours of the Asian session on Wednesday. […]
CEO of Campbell’s: Home cooking rises again to pandemic levels as grocery budgets shrink
Fast food employees are reportedly having a tough time affording the meals they serve, as highlighted in a recent report. Mick Beekhuizen, the CEO of Campbell, noted that rising economic worries are prompting more Americans to cook at home. He mentioned during a call with analysts about third-quarter earnings that consumer confidence has been dipping, […]