In a bold move that has sent ripples through the investment world, billionaire activist investor Bill Ackman’s hedge fund, Pershing Square Holdings, has disclosed a massive $2.3 billion stake in Uber Technologies. The bet on the ride-hailing giant marks one of Ackman’s largest investments in recent years and signals his confidence in Uber’s long-term growth … Read more
In a dramatic turn of events, Nikola Corporation, the once high-flying hydrogen and electric truck startup, is reportedly on the brink of filing for bankruptcy. Once hailed as a pioneer in the clean energy transportation space, the company now faces mounting financial pressures, legal challenges, and dwindling investor confidence—a stark reminder of the volatile nature … Read more
Porsche Shares Investors in Porsche are feeling the heat after the luxury automaker issued a profit warning for 2025, sending its shares tumbling. The announcement has raised concerns about the company’s ability to maintain its profitability amid shifting market dynamics and rising costs. What’s Behind the Profit Warning? Porsche cited several challenges that could weigh … Read more
In a recent update on the economy, inflation has ticked up to 2.9%, meaning the cost of everyday goods and services is rising slightly. But when you dig a little deeper, it’s clear that the underlying trends—what economists call core inflation —aren’t showing the same level of urgency. This mixed bag of numbers leaves both … Read more
China Tariffs China imposed new tariffs on US imports, started an antitrust probe into Google, and banned two American companies in response to the banned exports of significant minerals, and Trump’s trade policies. China on Tuesday announced a no-confidence investigation into Google and other business measures along with President Donald Trump’s tariff on Chinese products … Read more
Trade War Deepens After Tariff Beijing vows to protect its companies, while the European Union announced a new fee on e-commerce imports Beijing accused the United States of “suppression”, as its postal service stated that it suspended the parcel from China and Hong Kong, a step that could hit e-commerce legends Temu and Shin. The … Read more
How does the Fed rate affect car loans? The Federal Reserve is a complex aspect of the American economic system. The Fed determines how much it costs to borrow money at its eight or so meetings each year. One of its jobs is to set a benchmark interest rate for short-term consumer lending, which private … Read more
The Federal Reserve chose to postpone further rate cuts for the time being and maintain interest rates at its initial meeting of the year, allowing officials to evaluate whether inflation is decreasing and the potential effects of President Donald Trump’s policies on the U.S. economy. The decision indicates that the Federal Open Market Committee (FOMC) … Read more
AstraZeneca has scrapped its £450 million. In a significant setback for the UK government’s efforts to boost economic growth and enhance the country’s life sciences sector, pharmaceutical giant AstraZeneca has announced that it will scrap its £450 million investment allocated for a vaccine manufacturing facility in Merseyside. The decision comes after months of negotiations with … Read more