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
Germany is set to vote on a historic increase in defence spending, which could have far-reaching implications for Europe’s defence and its support for Ukraine. The Bundestag’s decision will determine whether Germany, the largest defence spender in Europe, can meet the growing threat from Russia. A 23.2% rise in defence spending last year contributed to … Read more
Berkshire Hathaway has increased its stake in Japanese trading houses, causing their shares to rise significantly. The five major companies affected – Mitsubishi Corp., Marubeni Corp., Mitsui & Co., Itochu Corp., and Sumitomo Corp. – all saw a minimum 4% increase in value as of the Tokyo stock market opening at 9:09 a.m. This surge … Read more
New data from NASA’s James Webb Space Telescope has provided fresh evidence to support a theory that the universe is inside a black hole. Researchers at Kansas State University analyzed 263 galaxies and found that most of them were rotating in the same direction, contradicting previous assumptions about the universe being isotropic. The study suggests … Read more