Published April 03, 2025 06:18 AM EDT President Donald Trump sits in the Oval Office of the White House, Feb. 3, 2025. Anna Moneymaker / Getty Images KEY TAKEAWAYS Global stocks are slumping Thursday after President Donald Trump imposed sweeping reciprocal tariffs on U.S. trading partners that were worse that investors expected and raised fears
Published April 02, 2025 09:27 AM EDT Anna Barclay / Getty Images KEY TAKEAWAYS Visa has reportedly offered Apple around $100 million in a bid to replace Mastercard as the provider of the Cupertino-based tech firm’s payments network. According to The Wall Street Journal, Visa and American Express have been trying to replace Mastercard as the
Published April 02, 2025 07:09 AM EDT Costfoto / NurPhoto via Getty Images KEY TAKEAWAYS Circle, the company behind the USDC stablecoin, has filed for a U.S. initial public offering, becoming the latest tech firm that is aiming to test the market as tariff uncertainty and worries about the economy’s health weigh on the stockmarket. In
KEY TAKEAWAYS Commerce Secretary Howard Lutnick has reportedly indicated that he could hold back CHIPS Act awards promised by the Biden administration if the recipients don’t expand their U.S. projects significantly. According to Bloomberg, Lutnick wants the companies that won the awards to follow TSMC, which has pledged an added $100 billion to its investment
KEY TAKEAWAYS Shares in CoreWeave, a cloud computing company backed by Nvidia, ended their first trading session right at their IPO price following a $1.5 billion initial public offering. Shares of CoreWeave, now on the Nasdaq under the ticker CRWV, opened at $39 Friday, below its IPO price of $40 per share. The IPO was
Published March 28, 2025 02:33 PM EDT Justin Sullivan / Getty Images Key Takeaways Bausch + Lomb shares tumbled in intraday trading Friday, a day after the eye-care company announced a “voluntary recall” of some of its intraocular lenses due to safety concerns. On Thursday, Bausch + Lomb said it was recalling its enVista Aspire
KEY TAKEAWAYS Shares in CoreWeave, a cloud computing company backed by Nvidia, fell on their market debut Friday, following a $1.5 billion initial public offering. Shares of CoreWeave, trading on the Nasdaq under the ticker CRWV, opened at $39 Friday, below its IPO price of $40 per share. The IPO is the largest in the U.S.
KEY TAKEAWAYS CoreWeave, a cloud computing company backed by Nvidia, priced its initial public offering at $40 per share Thursday, below its previously expected range. It was founded as recently as Sept. 2017 as a crypto miner, before pivoting to selling cloud infrastructure. According to its prospectus, it owed $8 billion in debt as of
Key Takeaways Amazon (AMZN) is testing both a new artificial intelligence (AI) shopping tool that finds new products matching a consumer’s interests and a health-focused chatbot, as the company moves forward to deploy the technology on its platforms. The shopping feature, called Interests, allows consumers to create personalized shopping prompts “using everyday language.” Amazon is
Published March 25, 2025 07:06 AM EDT Picture Alliance via Getty Images KEY TAKEAWAYS Shell said it is planning to grow its upstream and integrated gas business by 1% annually through 2030, a month after rival BP announced it would invest more in oil and gas in a pivot away from its low-carbon strategy Shell also raised the