Google rolls out employee buyouts as part of broader AI-focused restructuring
Google has initiated a new round of voluntary buyouts aimed at reducing headcount across several major divisions in the United States, including its knowledge and information unit, central engineering, marketing, research, and communications teams. The move is part of Google’s ongoing strategy to manage workforce costs while reallocating resources toward artificial intelligence infrastructure and other business-critical areas. The voluntary exit program (VEP), confirmed by the company,
Google rolls out employee buyouts as part of broader AI-focused restructuring
Google has initiated a new round of voluntary buyouts aimed at reducing headcount across several major divisions in the United States, including its knowledge and information unit, central engineering, marketing, research, and communications teams. The move is part of Google’s ongoing strategy to manage workforce costs while reallocating resources toward artificial intelligence infrastructure and other business-critical areas. The voluntary exit program (VEP), confirmed by the company,
World’s largest wealth fund urges EU to simplify regulation for capital markets reform
The world’s largest sovereign wealth fund, Norges Bank Investment Management (NBIM), is set to submit a formal recommendation to the European Commission this week, calling for streamlined and improved regulation across the EU’s capital markets. The fund argues that the European Union urgently needs simpler and more unified financial market regulation to address long-standing inefficiencies and foster increased investment. In a letter scheduled to be delivered on Tuesday, NBIM unde
World’s largest wealth fund urges EU to simplify regulation for capital markets reform
The world’s largest sovereign wealth fund, Norges Bank Investment Management (NBIM), is set to submit a formal recommendation to the European Commission this week, calling for streamlined and improved regulation across the EU’s capital markets. The fund argues that the European Union urgently needs simpler and more unified financial market regulation to address long-standing inefficiencies and foster increased investment. In a letter scheduled to be delivered on Tuesday, NBIM unde
Tariff Hikes Could Raise Clothing and Shoe Prices by Over 90 Percent
The cost of tariffs remains one of the most contentious and difficult aspects of international trade policy. While politically charged, the real impact on American consumers can be analyzed by modeling how the proposed tariffs influence retail prices of everyday goods. A detailed analysis by retail consultancy AlixPartners shows just how significantly shoppers might feel the pinch under former President Donald Trump’s proposed and existing tariffs, particularly when it comes to commonly
Tariff Hikes Could Raise Clothing and Shoe Prices by Over 90 Percent
The cost of tariffs remains one of the most contentious and difficult aspects of international trade policy. While politically charged, the real impact on American consumers can be analyzed by modeling how the proposed tariffs influence retail prices of everyday goods. A detailed analysis by retail consultancy AlixPartners shows just how significantly shoppers might feel the pinch under former President Donald Trump’s proposed and existing tariffs, particularly when it comes to commonly
GameStop buys $512 million in bitcoin as part of new cryptocurrency investment plan
GameStop has officially entered the cryptocurrency space with a significant move, announcing the purchase of 4,710 bitcoins valued at approximately $512.6 million. This marks the video game retailer’s first major investment in bitcoin, aligning it with a trend pioneered by software firm MicroStrategy, which became well-known for amassing large amounts of the digital currency on its balance sheet. The announcement was made on Wednesday when bitcoin was trading at $108,837,
GameStop buys $512 million in bitcoin as part of new cryptocurrency investment plan
GameStop has officially entered the cryptocurrency space with a significant move, announcing the purchase of 4,710 bitcoins valued at approximately $512.6 million. This marks the video game retailer’s first major investment in bitcoin, aligning it with a trend pioneered by software firm MicroStrategy, which became well-known for amassing large amounts of the digital currency on its balance sheet. The announcement was made on Wednesday when bitcoin was trading at $108,837,
Trump delays 50% EU tariffs to July 9 as markets eye upcoming trade talks
In a decision that briefly stabilized markets while leaving fundamental uncertainties unresolved, U.S. President Donald Trump announced a delay in the implementation of proposed 50% tariffs on European Union goods. Originally set to begin on June 1, the tariffs are now scheduled to take effect on July 9. The delay came after a conversation between Trump and EU Commission President Ursula von der Leyen, who expressed the EU’s readiness to accelerate trade negotiations and reach a fair deal.
Trump delays 50% EU tariffs to July 9 as markets eye upcoming trade talks
In a decision that briefly stabilized markets while leaving fundamental uncertainties unresolved, U.S. President Donald Trump announced a delay in the implementation of proposed 50% tariffs on European Union goods. Originally set to begin on June 1, the tariffs are now scheduled to take effect on July 9. The delay came after a conversation between Trump and EU Commission President Ursula von der Leyen, who expressed the EU’s readiness to accelerate trade negotiations and reach a fair deal.
Clean energy stocks crash as US tax bill threatens solar and wind subsidies
Clean energy companies faced a significant sell-off after a new tax bill proposed in the United States triggered deep concerns across the renewable energy sector. Stocks of major US-based renewable energy firms such as Sunrun, the largest rooftop solar company in the country, and NextEra Energy, the leading developer of solar and wind energy projects, recorded sharp declines in a single trading session. Losses ranged between 7% and an alarming 37%, shaking investor confidence and dragging dow
Clean energy stocks crash as US tax bill threatens solar and wind subsidies
Clean energy companies faced a significant sell-off after a new tax bill proposed in the United States triggered deep concerns across the renewable energy sector. Stocks of major US-based renewable energy firms such as Sunrun, the largest rooftop solar company in the country, and NextEra Energy, the leading developer of solar and wind energy projects, recorded sharp declines in a single trading session. Losses ranged between 7% and an alarming 37%, shaking investor confidence and dragging dow
U.S. credit downgrade challenges momentum from recent market gains
U.S. equities concluded last week with impressive gains, buoyed by a 90-day tariff truce between the United States and China. Technology stocks led the way, with major players such as Tesla and Nvidia delivering standout performances. The agreement to pause tariff increases sparked short-term optimism across markets, especially in the tech-heavy sectors. However, this momentum now faces a fresh challenge following a downgrade of the U.S. credit rating. Moody’s lowered the na
U.S. credit downgrade challenges momentum from recent market gains
U.S. equities concluded last week with impressive gains, buoyed by a 90-day tariff truce between the United States and China. Technology stocks led the way, with major players such as Tesla and Nvidia delivering standout performances. The agreement to pause tariff increases sparked short-term optimism across markets, especially in the tech-heavy sectors. However, this momentum now faces a fresh challenge following a downgrade of the U.S. credit rating. Moody’s lowered the na
Gold drops 3% as US-China tariff deal reduces market fears
Gold prices fell significantly on Monday as investor confidence rebounded in response to a temporary agreement between the United States and China to ease tariffs. The development, seen as a step toward de-escalating prolonged trade tensions, prompted a shift in global risk sentiment and reduced demand for safe-haven assets like gold. Spot gold dropped by 3% to $3,225.28 per ounce in afternoon trading, moving sharply away from the record high of $3,500.05 it reached just weeks ago. Meanwhile, U.
Gold drops 3% as US-China tariff deal reduces market fears
Gold prices fell significantly on Monday as investor confidence rebounded in response to a temporary agreement between the United States and China to ease tariffs. The development, seen as a step toward de-escalating prolonged trade tensions, prompted a shift in global risk sentiment and reduced demand for safe-haven assets like gold. Spot gold dropped by 3% to $3,225.28 per ounce in afternoon trading, moving sharply away from the record high of $3,500.05 it reached just weeks ago. Meanwhile, U.
Trade deal hopes rise as US-China talks yield positive momentum
The United States and China are expected to provide more clarity on the progress made during a series of marathon trade discussions held over the weekend in Geneva. These talks brought together high-level officials from both countries, and their outcomes may mark a turning point in ongoing efforts to resolve longstanding economic tensions between the two largest global economies. While full details have not yet been disclosed, early signals from both sides suggest cautious optimis
Trade deal hopes rise as US-China talks yield positive momentum
The United States and China are expected to provide more clarity on the progress made during a series of marathon trade discussions held over the weekend in Geneva. These talks brought together high-level officials from both countries, and their outcomes may mark a turning point in ongoing efforts to resolve longstanding economic tensions between the two largest global economies. While full details have not yet been disclosed, early signals from both sides suggest cautious optimis
US stock futures rise after Trump announces UK trade deal and AI chip rollback
Stock futures rose sharply on Thursday following an announcement from President Donald Trump that the United States and the United Kingdom have finalized a major trade agreement. This development sparked enthusiasm across Wall Street, especially in technology stocks, and contributed to a strong premarket rally. Futures tied to the Dow Jones Industrial Average gained 303 points, a 0.7% increase, while futures on the S&P 500 and Nasdaq
US stock futures rise after Trump announces UK trade deal and AI chip rollback
Stock futures rose sharply on Thursday following an announcement from President Donald Trump that the United States and the United Kingdom have finalized a major trade agreement. This development sparked enthusiasm across Wall Street, especially in technology stocks, and contributed to a strong premarket rally. Futures tied to the Dow Jones Industrial Average gained 303 points, a 0.7% increase, while futures on the S&P 500 and Nasdaq
ULIPs vs Mutual Funds vs Stocks: Best for Long-Term Wealth?
Choosing the right investment vehicle for long-term wealth creation is a crucial step for financial planning. Among the most common options available to Indian investors are ULIPs (Unit Linked Insurance Plans), mutual funds, and direct investment in stocks. Each of these instruments offers a different mix of risk, return, flexibility, and cost. Understanding their core differences can help individuals make better investment decisions aligned with their goals and risk appetite.
ULIPs vs Mutual Funds vs Stocks: Best for Long-Term Wealth?
Choosing the right investment vehicle for long-term wealth creation is a crucial step for financial planning. Among the most common options available to Indian investors are ULIPs (Unit Linked Insurance Plans), mutual funds, and direct investment in stocks. Each of these instruments offers a different mix of risk, return, flexibility, and cost. Understanding their core differences can help individuals make better investment decisions aligned with their goals and risk appetite.
Ford anticipates $1.5B profit hit from new tariffs
In the first quarter of 2025, Ford Motor Company reported earnings that surpassed Wall Street expectations, yet the automaker suspended its full-year financial guidance due to the anticipated impact of newly imposed tariffs. The company estimates that these tariffs will result in a $2.5 billion cost for the year, with a net adverse effect of approximately $1.5 billion on its adjusted earnings before interest and taxes (EBIT) . Ford's decision to withdraw its 2025 guidance r
Ford anticipates $1.5B profit hit from new tariffs
In the first quarter of 2025, Ford Motor Company reported earnings that surpassed Wall Street expectations, yet the automaker suspended its full-year financial guidance due to the anticipated impact of newly imposed tariffs. The company estimates that these tariffs will result in a $2.5 billion cost for the year, with a net adverse effect of approximately $1.5 billion on its adjusted earnings before interest and taxes (EBIT) . Ford's decision to withdraw its 2025 guidance r
Netflix stock hits record streak with 11-day rise and climbs to all-time high
Netflix has reached a historic milestone in the stock market, notching 11 consecutive trading days of gains—its longest positive streak since the company went public in May 2002. This surpasses its previous record of a nine-day run achieved between late 2018 and early 2019. The streaming leader’s shares are now trading at all-time highs, continuing a powerful rally that reflects investor confidence in its performance and long-term prospects. This current surge comes
Netflix stock hits record streak with 11-day rise and climbs to all-time high
Netflix has reached a historic milestone in the stock market, notching 11 consecutive trading days of gains—its longest positive streak since the company went public in May 2002. This surpasses its previous record of a nine-day run achieved between late 2018 and early 2019. The streaming leader’s shares are now trading at all-time highs, continuing a powerful rally that reflects investor confidence in its performance and long-term prospects. This current surge comes
Mark Mobius Goes 95% Cash – Warns of 6-Month Global Market Risk, Bets Big on India
Veteran emerging markets investor Mark Mobius has shifted nearly all of his investments into cash, citing ongoing global trade tensions and market uncertainty. In an interview with Bloomberg Television, Mobius said that he currently has around 95% of his funds in cash, declaring that “cash is king” as the global economy navigates unstable trade dynamics. Mobius, who has over three decades of experience investing across developing markets and co-founded Mobius Capital P
Mark Mobius Goes 95% Cash – Warns of 6-Month Global Market Risk, Bets Big on India
Veteran emerging markets investor Mark Mobius has shifted nearly all of his investments into cash, citing ongoing global trade tensions and market uncertainty. In an interview with Bloomberg Television, Mobius said that he currently has around 95% of his funds in cash, declaring that “cash is king” as the global economy navigates unstable trade dynamics. Mobius, who has over three decades of experience investing across developing markets and co-founded Mobius Capital P
Southeast Asia Finds Its Own Way Amid Escalating US-China Trade War Pressures
Emerging markets in Southeast Asia are increasingly asserting their autonomy amid the growing intensity of the US-China trade war. As tensions between the two global powers escalate, nations like Vietnam, Malaysia, and Cambodia are finding ways to shield their economies by enhancing intra-regional cooperation and embracing diversified strategies. While the pressure to align with either the US or China is immense, these nations are pursuing a third path—supporting their own regional i
Southeast Asia Finds Its Own Way Amid Escalating US-China Trade War Pressures
Emerging markets in Southeast Asia are increasingly asserting their autonomy amid the growing intensity of the US-China trade war. As tensions between the two global powers escalate, nations like Vietnam, Malaysia, and Cambodia are finding ways to shield their economies by enhancing intra-regional cooperation and embracing diversified strategies. While the pressure to align with either the US or China is immense, these nations are pursuing a third path—supporting their own regional i
Asia-Pacific Stocks Struggle Amid Trump’s Pressure on Fed and Powell’s Response
Asia-Pacific markets traded mixed on Tuesday, reflecting investor caution after a turbulent session on Wall Street. The instability stemmed from renewed political pressure by U.S. President Donald Trump on Federal Reserve Chairman Jerome Powell. Trump's latest comments criticizing Powell’s leadership and calling for lower interest rates reverberated through global markets, reigniting concerns about central bank independence and its role in shaping monetary policy.
Asia-Pacific Stocks Struggle Amid Trump’s Pressure on Fed and Powell’s Response
Asia-Pacific markets traded mixed on Tuesday, reflecting investor caution after a turbulent session on Wall Street. The instability stemmed from renewed political pressure by U.S. President Donald Trump on Federal Reserve Chairman Jerome Powell. Trump's latest comments criticizing Powell’s leadership and calling for lower interest rates reverberated through global markets, reigniting concerns about central bank independence and its role in shaping monetary policy.
Nvidia Loses $148 Billion as US-China Trade War Escalates, AI Chip Exports to China Blocked
Nvidia, the crown jewel of Wall Street's artificial intelligence boom, suffered a staggering market loss this week, shedding nearly 7% of its value — over $148 billion in market capitalization — following the U.S. government's renewed crackdown on advanced chip exports to China. The dramatic sell-off marks one of the most severe single-day hits for the tech giant and signals growing fragility in the semiconductor sector amid intensifying geopolitical tensions. The immediat
Nvidia Loses $148 Billion as US-China Trade War Escalates, AI Chip Exports to China Blocked
Nvidia, the crown jewel of Wall Street's artificial intelligence boom, suffered a staggering market loss this week, shedding nearly 7% of its value — over $148 billion in market capitalization — following the U.S. government's renewed crackdown on advanced chip exports to China. The dramatic sell-off marks one of the most severe single-day hits for the tech giant and signals growing fragility in the semiconductor sector amid intensifying geopolitical tensions. The immediat
Treasury Secretary Downplays Retirement Fears Amid Market Slump and Trump’s Tariff Strategy
Treasury Secretary Scott Bessent addressed growing public concern over recent market volatility and its impact on retirement savings, offering reassurances that most Americans approaching retirement are not overly concerned with short-term financial fluctuations. His comments came amid a turbulent week for the U.S. stock market, which experienced significant declines following President Donald Trump's announcement of new tariffs on major trading partners. The administration is facing increas
Treasury Secretary Downplays Retirement Fears Amid Market Slump and Trump’s Tariff Strategy
Treasury Secretary Scott Bessent addressed growing public concern over recent market volatility and its impact on retirement savings, offering reassurances that most Americans approaching retirement are not overly concerned with short-term financial fluctuations. His comments came amid a turbulent week for the U.S. stock market, which experienced significant declines following President Donald Trump's announcement of new tariffs on major trading partners. The administration is facing increas
Nithin Kamath Warns of Investor Exodus if Indian Markets Crash Like 2008
Zerodha CEO Nithin Kamath has sounded a timely caution amid ongoing market volatility, warning that a sharp and prolonged crash in the Indian stock market could result in long-lasting consequences for investor sentiment. Drawing parallels with the aftermath of the 2008 global financial crisis, Kamath posted on social media platform X, stating, “By the way, if markets fall sharply, investors might stay out of the market for years—just like they did after 2008.” Kama
Nithin Kamath Warns of Investor Exodus if Indian Markets Crash Like 2008
Zerodha CEO Nithin Kamath has sounded a timely caution amid ongoing market volatility, warning that a sharp and prolonged crash in the Indian stock market could result in long-lasting consequences for investor sentiment. Drawing parallels with the aftermath of the 2008 global financial crisis, Kamath posted on social media platform X, stating, “By the way, if markets fall sharply, investors might stay out of the market for years—just like they did after 2008.” Kama
Trump Freezes Global Tariffs Amid Market Chaos but Escalates Trade War with China
In a dramatic reversal that sent shockwaves through global financial markets, U.S. President Donald Trump announced a pause on newly implemented tariffs targeting dozens of countries. The unexpected move came less than a day after his sweeping tariff measures went into effect, causing major disruption across world markets and triggering one of the most volatile trading periods since the height of the COVID-19 pandemic. The tariff freeze, which offered some temporary relief to ratt
Trump Freezes Global Tariffs Amid Market Chaos but Escalates Trade War with China
In a dramatic reversal that sent shockwaves through global financial markets, U.S. President Donald Trump announced a pause on newly implemented tariffs targeting dozens of countries. The unexpected move came less than a day after his sweeping tariff measures went into effect, causing major disruption across world markets and triggering one of the most volatile trading periods since the height of the COVID-19 pandemic. The tariff freeze, which offered some temporary relief to ratt









