A recession, a period of decline in economic activity, has become a pressing concern with the recent tariffs imposed by the Trump administration. But what exactly is a recession, and who decides when it applies? According to economists, a recession is characterized by two consecutive quarters of decline in a nation’s gross domestic product (GDP), … Read more
Tesla’s shares have dropped 10% in early trading, reaching $214.80, just three weeks after Commerce Secretary Howard Lutnick urged Americans to buy the company due to its “unbelievable” cheapness. Lutnick made his remarks during an interview with Fox News on March 19, calling Elon Musk “probably the best person to bet on” and saying that … Read more
The stage is set for an epic March Madness showdown as No. 1 seeds Florida and Houston face off in the national championship game on Monday, April 7th. The contest promises to be a close one, with neither team giving much ground. To watch the NCAA final, tune into CBS or stream via Paramount+, DirecTV, … Read more
President Donald Trump’s tariffs have sparked widespread criticism from prominent business allies, who warn that the policies could lead to a global economic war. Billionaire financier Bill Ackman has described the tariffs as a “major policy error” and warned of an “economic nuclear war.” Tesla CEO Elon Musk, a top Trump adviser, also criticized tariff-advocate … Read more
Bevco Engineering Co., a Sussex-based manufacturer, has been acquired by IEWC, a global distributor of electric wire and cable products, for an undisclosed price. The transaction was closed on March 31. Bevco designs and builds electrical control systems and panels for various industries, including healthcare, electric vehicles, and industrial markets. With approximately 100 employees, the … Read more
US oil prices fell 2% on Monday, adding to last week’s losses as fears of a recession grow over President Donald Trump’s global tariffs. US crude oil dropped $1.29 to close at $60.70 per barrel, while Brent lost $1.37 to settle at $64.21. The decision by key OPEC+ producers to increase production hikes has also … Read more
The stock market experienced a brief surge on Monday, driven by speculation that President Trump might pause his tariff rollout. The administration swiftly dismissed this notion, ending the short-lived rally. This “tariff reprieve” highlighted the market’s desire for a change in US trade policy to stabilize equity prices. DataTrek’s Nicholas Colas noted that only a … Read more
The San Francisco 49ers are nearing the end of the 2025 NFL Draft clock, and analysts are narrowing in on their top pick. The team’s recent departures, particularly along the offensive and defensive lines, have fueled expert predictions for reinforcements in key positions. Mock drafts highlight several potential players who could immediately bolster the roster. … Read more
Wall Street firms BofA and Oppenheimer have cut their year-end targets for the S&P 500 index below 6,000 due to risks from a deepening global trade war. This follows recent downward trends in the benchmark index, which has slumped more than 20% from its all-time high. Oppenheimer reduced its target to 5,950, while BofA lowered … Read more
The Saudi-led OPEC+ alliance has pushed for an output increase, similar to their actions in 1997 during the Asian financial crisis, when they hiked production and contributed to a global oil price plunge. This move mirrors the current situation, where crude prices have yet to reach bottom despite being driven down by over 10% since … Read more