US stock market futures fell this morning with no major economic data ahead of opening bell. The Dow is down 495 points, S&P 500 -81 points, and Nasdaq -330 points. Friday’s session closed higher after Fed Chair Jerome Powell expressed confidence in the US economy’s ability to withstand proposed tariffs. The main focus for investors … Read more
Deadly clashes erupted along the Syrian-Lebanese border on Monday, with reports emerging that the Syrian military had launched artillery strikes against Hezbollah positions in retaliation for alleged terrorist activity by the group. The escalating violence follows accusations from Syria’s interim government that Hezbollah terrorists crossed into Syrian territory, kidnapped three soldiers, and executed them on … Read more
Lee Shau-kee, a renowned Hong Kong real estate tycoon and investor often referred to as the “Warren Buffett of Hong Kong,” passed away on Monday at the age of 97. The company he co-founded, Henderson Land Development, announced his death without providing details. Born in 1928 in southern China, Lee made his fortune by building … Read more
Goldman Sachs has lowered its outlook for completed mergers and acquisitions volume in the US, citing tariffs as a major concern. The bank previously expected a 25% increase in M&A activity compared to 2024, but now forecasts only a 7% growth. President Trump’s imposition of tariffs on imports from Mexico, China, Canada, and the European … Read more
Apple has been quietly working on its next-generation Apple TV 4K set-top box, with a planned release date rumored to be near the end of 2025. According to Mark Gurman at Bloomberg, Apple’s plans for 2025 include a new Apple TV 4K model. Typically, Apple hosts two major launches in the fall: September and October. … Read more
Bank of America is making a significant change to its investment banking tradition in an effort to prevent young bankers from burnout. The bank will now give the responsibility for managing junior bankers’ workloads exclusively to members of its highest ranks, including directors and above. This new permanent role, known as the chief resource officer … Read more
Amazon is removing an opt-in feature that allowed users to stop sending their voice recordings to the company’s cloud later this month. The “Do Not Send Voice Recordings” setting, available on select Echo devices, will be replaced by a new “Don’t Save Recordings” feature. Starting March 28, the updated setting will automatically delete voice requests … Read more
Swedish fintech firm Klarna has partnered with Walmart-backed OnePay to offer buy-now-pay-later services to US shoppers, dethroning Affirm as the retail giant’s fast credit option. The service will be available through both online and physical checkouts on Walmart.com and in-store. Source: https://www.bloomberg.com/news/articles/2025-03-17/klarna-dethrones-affirm-to-offer-buy-now-pay-later-at-walmart
US coal stocks surged on Monday after President Donald Trump announced plans to increase coal production, citing a need to counter the dominance of other countries in the energy sector. Peabody Energy Corp rose nearly 5% in after-hours trading, while its peers including Warrior Met Coal Inc and SunCoke Energy Inc added up to 2%. … Read more
US stocks rose for a second straight day on Monday, with the S&P 500 up 0.6% as investors look ahead to the Federal Reserve’s interest rate decision later in the week. The Dow Jones Industrial Average climbed 353 points and the Nasdaq composite added 0.3%. Despite concerns over President Donald Trump’s trade war, retailers saw … Read more