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In a Wednesday interview with CNBC’s Jim Cramer, Yum Brands CEO David Gibbs claimed President Donald Trump’s sweeping tariffs haven’t impacted the company’s many chains across the world. “We have not seen any pushback related to tariffs in any of the markets that we operate in,” Gibbs said. “We are not affected by tariffs, as … Read more
China's Q1 industrial profits return to growth amid tariff woes
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U.S. President Donald Trump’s tariffs and subsequent actions by other nations have cast a shadow over investors’ portfolios. Markets largely fell all around the world following the announcements, and the sell-off has extended into Monday. Trump and his administration has been defiant, with the U.S. president saying “it won’t be easy” and urging Americans to “hang … Read more
Tesla trade-ins in the U.S. are at an all time high as some owners become disillusioned with Elon Musk’s politics, and some just want to avoid their car getting keyed by Musk haters. Automakers are pouncing on the opportunity. Polestar, Lucid Motors, Volvo, and Ford — which have long trailed Tesla in EV sales — … Read more
Today’s edition of the weekly recap covers Coinbase’s potential major acquisition in the derivatives space, the SEC’s decision to end the Ripple battle, and South Korea’s planned actions against unregistered exchanges. Coinbase, Deribit discuss deal Kraken acquires NinjaTrader Dubai launches…
Premium carmaker Audi said Monday it will cut 7,500 jobs by 2029 in Germany, citing “immense challenges” as the country’s auto industry battles slowing electric vehicle demand and rising Chinese competition. The cuts — amounting to about eight percent of Audi’s global workforce — were aimed at boosting “productivity, speed and flexibility” at its factories … Read more
In this week’s episode of the StrictlyVC Download podcast, veteran VC Aileen Lee was direct about a major consequence of the recent boom-and-bust cycle: many companies stuck in limbo aren’t just struggling to regain their footing after raising too much money at unsustainable valuations; they’ve also lost the champions who once backed them. Lee was … Read more
Costco Wholesale Corporation’s (NASDAQ: COST) second-quarter report failed to impress the market as earnings missed estimates amid cautious consumer spending. The mixed results have come at a time when retailers, in general, remain concerned about the government-imposed import tariffs and the looming threat of an escalating trade war. Stock Dips Shares of the company, which … Read more
However, there has been the feeling that at least some of the fall could be due to anger over Tesla CEO Elon Musk’s political activism and the decisions made by the so-called Department of Government Efficiency under his leadership. Since mid-February, Tesla showrooms have attracted protesters in 100 or so cities across the US, eager … Read more
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