Vestas, a prominent wind turbine manufacturer, issued a warning on Tuesday regarding the anticipated consequences of President Donald Trump’s implemented import tariffs, specifically highlighting the potential for increased electricity prices for consumers across the US. The company explicitly stated its inability to internally absorb the additional financial burden imposed by these tariffs, according to a Reuters report. This assertion suggests ...
President Donald Trump unveiled a budget blueprint last week that includes roughly $6 billion in federal funding cuts to the National Aeronautics and Space Administration (NASA). Despite the multibillion-dollar slash, a senior official at the space agency told Fox New Digital that the reduction in funding is actually beneficial for efficiency and exploration. ‘The reductions in the President’s blueprint budget counterintuitively ...
Footwear giant Skechers has agreed to be acquired by private equity firm 3G Capital for $63 per share, ending its nearly three-decade run as a public company, the retailer announced Monday. The price 3G Capital agreed to pay represents a 30% premium to Skechers’ current valuation on the public markets, which is in line with similar takeover deals. Shares of Skechers soared ...
The 2027 NFL Draft will be held in Washington D.C., according to multiple reports. Axois was the first to report the news. An official announcement is expected Monday at the White House. NFL commissioner Roger Goodell and Washington Commanders owner Josh Harris will reportedly be joined by President Donald Trump, who has an unspecified sports-related announcement scheduled for 1 p.m. ...
Understanding trends in the cannabis industry is paramount for investors eyeing a market with steady growth potential, but the landscape is complex as products and regulations continue to evolve. Consumption habits are changing as edibles, vaping and THC beverages gain traction, especially among younger users, and cannabis companies are adapting their offerings to meet shifting demand. Meanwhile, regulatory uncertainty, particularly ...
The team at Solana Foundation has released a critical bug fix, which would otherwise allow attackers to mint unauthorized tokens and withdraw the same from user accounts. In its recent diagnosis, the Foundation detailed the flaw that forged invalid proofs affecting Solana’s privacy-focused “Token-22 confidential tokens”. Although the SOL price took a dive to $140 levels earlier today, it has ...
Warren Buffett, whose name has become a synonym for the successful investor, has finally called it quits. After running Berkshire Hathaway for six decades, Buffett announced on May 3 that he will step down at the end of 2025. The billionaire investor, who turned 94 this year, announced the news during Berkshire Hathaway’s latest annual meeting in Omaha. Even his ...
Asian market sentiment was mixed on Monday, with Australian shares retreating, and most major markets closed for public holidays. Investors digested the implications of Prime Minister Anthony Albanese securing a historic second consecutive term—Australia’s first in over two decades—while Indian equities climbed on positive investor sentiment and a strong rally in Adani Group stocks. Meanwhile, oil prices plunged and Asia-Pacific ...
BOSTON, Mass. – Former Vice President Mike Pence was honored on Sunday night for his actions on Jan. 6, 2021, in defying his then-boss, President Donald Trump. Pence received the John F. Kennedy Profile in Courage Award for his refusal to honor Trump’s request to throw out the results of the 2020 presidential election, and instead oversaw congressional certification of ...
Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday. In recent days, Temu has abruptly shifted its website and app to only display listings for products shipped from U.S.-based warehouses. Items shipped directly from China, which previously blanketed the site, are now labeled as out of stock. Temu made ...
The second round of the NHL’s Stanley Cup playoffs will start Monday night when the defending champion Florida Panthers visit the Toronto Maple Leafs. That will be followed by two games on Tuesday night as the Carolina Hurricanes visit the Washington Capitals and the Edmonton Oilers visit the Vegas Golden Knights. The Florida-Toronto and Edmonton-Vegas series are repeats of 2023 ...
Gold trended down this week, dropping to just over US$3,200 per ounce on the first day of May. While the yellow metal remains historically high after a strong run this year, its price has pulled back from last week’s record-setting level of US$3,500, causing concern for some market participants. However, many experts agree that this week’s retreat isn’t a reason ...