After months of punishing trade tensions, the US and Switzerland announced a breakthrough deal on Friday that will slash tariffs to 15% from the brutal 39% rate imposed in August. The agreement marks a stunning reversal for the Swiss economy, which saw exports to America collapse by 14% in the three months to September. The
A Texas federal court has allowed a major antitrust lawsuit to proceed, targeting Apple Inc. and OpenAI over claims that their partnership may suppress competition in artificial intelligence. The legal challenge, brought by Elon Musk’s X Corp. and xAI, argues that Apple’s decision to embed OpenAI into the iPhone’s operating system gives the chatbot maker
Google has been ordered to pay €573 million by a German court in a major enforcement of European antitrust law. The decision stems from the European Commission’s earlier finding that the company unfairly favoured its own shopping comparison service in search results. With this ruling, Germany has become the first country to award damages based
Dow futures were under pressure on Friday, falling about 214 points, roughly 0.5% as investors turned cautious ahead of key economic data and fresh Fed commentary. The drop came after a round of hawkish remarks from Fed officials, which dampened hopes for any near-term rate cuts. The weakness wasn’t limited to the Dow either. S&P
Palantir Technologies Inc (NASDAQ: PLTR) has pulled back in recent days amidst a broader sell-off in artificial intelligence (AI) names, driven by valuation concerns and macroeconomic uncertainty. White House officials have hinted that October inflation data may never be released, complicating the Federal Reserve’s rate decision and adding pressure to richly valued tech names like
The MSTR stock price has collapsed this year, moving from the year-to-date high of $456 to $208 today. That crash has led to a $60 billion wipeout, with its market capitalization moving from over $128 billion to $60 billion today. Strategy mNAV crashes below 1 Strategy stock price continued its strong downward trend this month
The private equity and big tech playbooks are converging on a singular strategy: replace expensive human workers with automation. This week, Vista Equity Partners and Meta sent unmistakable market signals that the AI-cost-cutting wave is shifting into higher gear. Vista told investors it will slash headcount by up to one-third, automating investor presentations, data aggregation,
Robinhood Markets Inc (NASDAQ: HOOD) is slipping this morning amidst a broader sell-off in the crypto market that’s even pushed Bitcoin below the $95,000 level. However, this pullback will likely prove short-lived since HOOD has quietly built a new business that’s growing even faster than is early crypto boom – “prediction markets”. In an interview
Morgan Stanley just doubled down on its bullish Nvidia bet, raising its price target to $220 from $210 just days before the chip giant’s pivotal earnings report on November 19. The timing is deliberate as Wall Street’s top semiconductor analyst Joseph Moore, is signaling that the market has overlooked a major inflection point in Nvidia’s
The postmortems for Republicans’ lackluster results in this month’s spate of elections in New Jersey, Virginia and beyond are in, and while pet theories abound, there is one thing almost everyone agrees on: In the age of President Donald Trump, the GOP does not fare well when he is not on the ballot. The question