BlackRock CEO Larry Fink stated that the market could experience a further 20% decline, but emphasized that the current downturn presents a long-term buying opportunity, as the situation doesn't pose a systemic risk.
China introduced retaliatory tariffs of 84% on US imports, matching the additional tariffs announced by US President Donald Trump earlier in the day, escalating the trade conflict between the two largest economies.
Apple transported five planes full of iPhones and other products to meet the soaring demand during the festive season, ensuring that consumers around the world could get their hands on the latest devices. The company's logistical efforts have been aimed at addressing the challenge of maintaining a smooth supply chain during a period when demand for its products is at its peak.
J.P.Morgan has increased its odds of a U.S. and global recession to 60%, as brokerages updated their forecast models amid concerns that tariff-related issues could undermine business confidence and slow down global growth.
The number of billionaires worldwide reached a record high this year, with Forbes magazine's annual list surpassing 3,000 billionaires for the first time. Their combined wealth has now reached an astonishing $16.1 trillion.
In 2024, Chinese automaker BYD once again surpassed Tesla—not only in production but also in revenue. BYD reported earnings of $107 billion, outpacing Tesla’s $97.7 billion for the year.
Stocks suffered one of their worst days of the year amid renewed concerns about inflation, declining consumer confidence, and increasing skepticism regarding returns from artificial intelligence investments.
In a significant strategic shift, Apple Inc. has embarked on a $1 billion investment to enhance its artificial intelligence (AI) capabilities, marking its entry into the AI data center arena.
A groundbreaking new diner is set to open in Los Angeles, bringing a blend of classic Americana and futuristic innovation to Santa Monica Boulevard. Designed to be more than just a restaurant, the venue will feature an all-night diner, a movie theater, and a high-speed electric vehicle charging station.
China exported 1.07 million vehicles between January and March, marking a 58% year-on-year increase, according to the China Association of Automobile Manufacturers. In comparison, Japanese auto exports reached 954,185 units, reflecting a 6% increase.
According to a 2012 study by Fidelity Investments, 86% of millionaires consider themselves self-made, having accumulated their wealth through investments, capital appreciation, salaries, corporate stock options, and profit-sharing plans.
Egg prices have reached a record high in the U.S. due to an ongoing bird flu outbreak. The latest consumer price index indicates that the average cost of a dozen Grade A eggs in U.S. cities hit $4.95
Google has announced the largest acquisition in its history, acquiring Wiz, a cloud security startup, for $32 billion in an all-cash deal. The agreement has now been officially confirmed.
Discord — the chat platform with over 200 million monthly active users — is in the early stages of exploring an initial public offering (IPO), according to The New York Times. Discussions with investment bankers are still preliminary.
The Trump administration's latest tax proposal, announced by Commerce Secretary Howard Lutnick in an interview with CBS News, suggests eliminating income taxes for individuals earning less than $150,000 per year.
Gold prices soared on Thursday, breaking past the previous record of $2,954 per ounce and reaching an all-time high of $2,971, despite elevated US Treasury bond yields and a robust US Dollar.
Indians have now emerged as the largest group of property owners in London, according to a recent report by Barrett London, a well-known property developer in the city. This revelation has gained significant attention online, sparking debates and discussions about the historical parallels between India’s colonial past and its evolving relationship with Britain today.
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