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Rivian Automotive Inc. (NASDAQ:RIVN) founder and CEO RJ Scaringe has said the company boasts a “U.S.-centric” supply chain amid Donald Trump‘s 25% tariffs on the auto industry. What Happened: In an appearance on Fox Business, the CEO shared that Rivian’s vehicles are manufactured locally in the U.S. at a facility in Normal, Illinois. He went […]

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), and Jack Dorsey, co-founder of Twitter (currently X) as well as Square, now called Block Inc. (NYSE:XYZ), have ignited a debate over intellectual property rights. The tech magnates have suggested a complete eradication of IP laws, a move that has stirred controversy in the tech industry. What Happened: Dorsey […]

In its most recent move to tackle unregulated migration, the Trump administration has reclassified over 6,000 living immigrants as deceased and disabled their Social Security numbers. This move strips them of their work eligibility and pushes them to leave the country. What Happened: According to Time Magazine, immigrants’ names were moved into a federal death-tracking […]

Bitcoin’s (CRYPTO: BTC) sharp decline has sparked renewed debate: is Bitcoin truly a risk asset, or is it evolving into a safe haven? What Happened: Prominent Bitcoin investor Scott Melker analyzed the price action in his “Macro Monday” podcast, joining a panel of financial analysts that dissected the crash triggered by President Trump’s aggressive tariff […]

A report indicated that new tariff policies could lead to increased costs for American households, while President Donald Trump continues to advocate tariffs as a solution to U.S. trade deficits What Happened: A Yale budget lab report suggests that U.S. households will face increased costs due to these tariffs. Families are projected to face an average additional […]

Microsoft Corp (NASDAQ:MSFT) has paused discussions and postponed the development of sites in Indonesia, the U.K., Australia, Illinois, North Dakota and Wisconsin, Bloomberg reported, citing unnamed sources familiar with the matter. The stock is trading lower on Friday amid President Donald Trump’s semiconductor tariff announcements. Microsoft recently dumped negotiations to lease space between London and Cambridge […]

BitMEX co-founder Arthur Hayes has predicted that Bitcoin (CRYPTO: BTC) could reach $250,000 by the end of 2025. He cites the Federal Reserve’s pivot toward purchasing more US Treasury bonds and a broader return to fiscal dominance as primary catalysts for a new Bitcoin bull cycle. What Happened: In a new blog post, Hayes argues […]

Despite the recent surge to record highs, gold prices might be on the brink of a significant downturn, warn analysts. What Happened:  Jon Mills, a Morningstar analyst, anticipates a potential 38% tumble to $1,820 an ounce in the next five years, reported Business Insider. “I think you have to be careful not to project current spot prices unto eternity or […]

Alibaba Group Holding (NYSE:BABA) stock noted a turnaround after grappling with regulatory crackdowns, leadership reshuffles, and collapsing market confidence. A rallying call from co-founder Jack Ma in late 2023 helped ignite a turnaround that has pushed the company’s U.S.-listed shares up nearly 60% year-to-date, adding more than $100 billion to its valuation, CNBC reported Friday […]

B. Riley Financial Inc (NASDAQ:RILY) shares are trading higher by 9.6% to $4.44 during Wednesday’s session after the company announced it has entered into a privately negotiated exchange agreement with an institutional investor to reduce the company’s total outstanding debt by approximately $35 million. What To Know: B. Riley Financial on Wednesday announced a privately negotiated […]