Amid the staggering rally in the Gold prices, the gold fund net inflows have hit a record of $80 billion year-to-date, doubling over its previous record high in 2020, according to the BofA Global Investment Strategy report. What Happened: A BofA Research graph shared by the Kobeissi Letter on X highlights how the investors have […]
Frenzied Chinese Sellers Push Dubious Tactics to Help U.S. Amazon Merchants Dodge Tariffs: Report
Chinese manufacturers and distributors, hit by President Donald Trump‘s tariffs, are reportedly proposing illegal strategies to U.S. Amazon (NASDAQ:AMZN) sellers to reduce their tariff duties. What Happened: Some Chinese suppliers are suggesting that U.S. Amazon sellers understate the value of their imported goods. This unlawful tactic is aimed at decreasing the tariff duties under the […]
Iran Signals Openness To Nuclear Talks With US, Warns Against Trump’s ‘Aggressive Theatrics’
Iran on Friday expressed its willingness to engage in high-level nuclear discussions with the United States. What Happened: President Donald Trump on Monday unexpectedly announced the upcoming talks, scheduled to take place in Oman. This development comes in the wake of President Trump’s recent threat of military action should the talks fail. Oman has a […]
What’s Going On With JD.Com Stock Wednesday?
JD.Com Inc (NASDAQ:JD), one of China’s largest e-commerce giants, is experiencing heightened volatility once again Wednesday following China’s announcement of a sharp increase in retaliatory tariffs on U.S. goods. The stock is now lower by some 15% to $33.31 over the trailing week. What To Know: On Thursday, Beijing will raise tariffs from 34% to […]
Nio Stock Is Moving Lower Monday: What’s Going On?
NIO Inc (NYSE:NIO) shares are trading lower Monday morning alongside several Chinese names as trade tensions rise between the U.S. and China. What Happened: Last week, U.S. President Donald Trump announced sweeping reciprocal tariffs on several countries, including 34% tariffs on China. China responded with 34% tariffs on U.S. imports, export curbs on some rare […]
Why Is EV Maker Mullen Automotive Stock Surging Today?
Shares of electric vehicle maker Mullen Automotive Inc. (NASDAQ:MULN) are surging in premarket on Friday. The company said on Thursday that all of its existing commercial EV models, along with those produced by its subsidiary, Bollinger Motors are built entirely in the U.S. As a result, they are not impacted by the newly imposed tariffs on […]
Circle’s Revenue Grows, But IPO Filing Shows Falling Profitability
Circle Internet Financial, the company behind USD Coin (CRYPTO: USDC), is showing a mixed financial picture ahead of its planned public listing, with revenue up by 16%, but profitability down due to higher costs and increased redemptions. What Happened: In a post dissecting the newly filed S-1 prospectus, Matthew Sigel, Head of Digital Assets Research […]
What’s Going On With Dollar Tree (DLTR) Stock?
Dollar Tree Inc (NASDAQ:DLTR) shares are trading higher by 5% to $73.00 over the trailing week. The company last week announced that it is selling its struggling Family Dollar segment to Brigade Capital Management and Macellum Capital Management for $1.007 billion. The deal is expected to close in late 2025. What To Know: Although Dollar […]
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Elon Musk Reacts After EV Enthusiasts Take Cybertruck Driving From Florida To Arctic Ocean: ‘Cool’
September 4, 2024
Four Tesla Inc enthusiasts made it to the Arctic Ocean in their Cybertrucks on Tuesday from Florida to much applause from the company and its billionaire CEO Elon Musk. What Happened: Justin Demaree, Rafael Santoni, Nancy, and Gary Mark on Tuesday made it to the Arctic Ocean in two Cybertrucks covering 5500 miles on the […]
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