BlackRock reported a first-quarter net income of $1.5 billion, falling short of Wall Street's expectations. Despite this, adjusted earnings exceeded forecasts, raising questions for investors.
The recent selloff in Treasuries, triggered by tariffs, has raised concerns about the stability of the U.S. bond market. Hedge funds are unwinding leveraged trades, leading to wider bid-ask spreads and potential long-term damage to U.S. assets.
In a surprising move, the Trump administration has disbanded the National Cryptocurrency Enforcement Team, shifting focus away from crypto regulation. This decision raises concerns among critics, especially regarding its potential impact on investors and the future of digital finance in the U.S.
Donald Trump's recent tariff announcements have led to a staggering drop in his net worth by half a billion dollars in just days. As his public and private holdings plummet, the repercussions of his trade war extend beyond his financial losses, impacting his golf properties and commercial real estate.
In a surprising turn, the U.S. Justice Department has disbanded its National Cryptocurrency Enforcement Team, shifting its focus to criminal investigations involving cartels and terrorism using digital currency. This strategy marks a significant change in approach to digital assets.
In a dramatic turn of events, 23andMe has filed for Chapter 11 bankruptcy, leading to the immediate resignation of CEO Anne Wojcicki. The company plans to sell its assets while navigating financial turmoil and ongoing efforts to safeguard customer data.
A crucial phone call between Presidents Trump and Putin is on the horizon, raising questions about discussions on Ukraine's power assets and potential territorial agreements. Will this lead to a lasting cease-fire?
As negotiations continue to resolve the Russia-Ukraine conflict, Trump announces he will speak with Putin. Discussions may involve dividing assets as both sides consider a ceasefire.
In a bold move, President Trump has ordered extensive military action against Houthi rebels in Yemen, targeting their operations threatening international shipping lanes. This decisive action aims to restore security in the Red Sea and protect American interests.
CK Hutchison's proposed $23 billion sale of port assets faces strong criticism from China, pressuring the family of billionaire Li Ka-shing to reconsider. Analysts suggest the deal could still proceed without Chinese approval.
