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,

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 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. 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 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.

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

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