The ‘Magnificent Seven’ drove the stock market to record highs in recent years. Is the trade over?
Shares of all but two stocks in the “Mag 7” are in the red this year as worries mount about tech giants’ soaring AI-fueled capex and earnings growth rate.
India delays Washington trade visit as U.S. tariff policy shifts, source tells CNBC
The negotiators want to ‘evaluate the latest developments’, the source says, following the U.S.’s move to raise its global import tariffs to 15% from 10%.
Iran and U.S. diverge in views on sanctions relief, senior Iranian official tellsReuters
Tehran can consider exporting part of its uranium stockpile, a senior Iranian official tells Reuters.
Ukraine accuses Hungary, Slovakia of ‘blackmail’ over threats to cut electricity
Hungary and Slovakia threatened to stop electricity supplies to Ukraine unless Kyiv restarts flows of Russian oil.
NASA delays astronaut moon mission again after new rocket problem
In the latest setback to return astronauts to the moon, NASA delayed the highly anticipated flight yet again after a new problem cropped up with the rocket Saturday.
Trump to hike global tariffs to 15% from 10%, ‘effective immediately’
Trump also warned: “During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs.”
Berkshire was a net seller of stocks in Buffett’s final quarter as CEO
During Warren Buffett’s last quarter as CEO, Berkshire Hathaway sold more equities than it bought, continuing to whittle away at its big Apple and Bank of America stakes and slashing its already modest Amazon.com holding.
U.S. envoy Mike Huckabee’s remarks on Israel and Middle East land draw condemnation in region
“It would be fine if they took it all,” Huckabee said, adding that Israel isn’t looking to expand its territory and has a right to its own security.
Market volatility trap? Why this income-first strategy may ‘leave a lot on the table’
The market volatility may be leading retail investors astray.
The 18 highest-paying college majors 5 years after graduation
Engineering majors typically earn more than $75,000 within five years of graduating from college, placing them among the highest-paid graduates.
