When Donald Trump won the race to the White House back in November, there were high expectations that the equity markets would spike, the value of the dollar would rise and it would be high times for the Merger and Acquisition Gang.
TOP TREND 2024, EV GO FU: GM SWITCHES FACTORY FROM EV MOTOR PRODUCTION TO V8 ENGINES
General Motors has scrapped a planned $300-million investment in retooling a New York state factory to make motors for electric vehicles (EVs).
SPOTLIGHT: LEAN TIMES FOR THE LUXURY INDUSTRY
Capri Holdings, owner of the Jimmy Choo, Michael Kors, and Versace brands of high-priced apparel, has cut its 2025 revenue forecast by almost 25 percent, citing uncertainty over the impact of Donald Trump’s tariffs.
TOP TREND 2023, SELF-SUFFICIENT ECONOMIES: CHINESE TECH FIRMS PREPARE TO DO WITHOUT NVIDIA’S AI CHIPS
Chinese tech giants including Alibaba, Baidu, and Tencent are testing new computer chips for artificial intelligence (AI) after the U.S. has cut off supplies last month of market-leading chips by U.S. producer Nvidia. The companies have about enough Nvidia processors to last through this year, people familiar told the Financial Times. After that, they will need alternatives that perform as......
SPECIAL REPORT: TRUMP’S TARIFFS, THE UPS AND DOWNS, FOR BETTER AND FOR WORSE
PUBLISHER’S NOTE: As we have been saying, remember the old saying goes, “You can’t make this shit up.” Another week, and another week of on-again, off-again Trump tariff demands. And now, the word on The Street is that Donald Trump is a TACO—"Trump Always Chickens Out” when it comes to tariffs and him saying what he will do when he......
NEW HOME PRICES RISE IN CHINA. IS THE PROPERTY CRISIS ENDING?
Last month, the average price of new homes across 100 Chinese cities edged up 0.3 percent, more than doubling March’s increase of 0.14 percent, according to a new survey by the China Research Academy.
MIT CLASS PRESIDENT BANNED FROM A GRADUATION CEREMONY BECAUSE SHE SPOKE OUT AGAINST GENOCIDE IN GAZA
MIT, the famed Ivy League university in Massachusetts, said last week that it barred the 2025 class president from a graduation ceremony after she delivered an unapproved speech about the school’s ties to Israel and the ongoing genocide in Gaza.
RAMPING UP WWIII: STARMER SAYS LONDON IS PREPARING FOR WAR
British Prime Minister Keir Starmer said Monday that his military will transition to “war-fighting readiness” amid new threats to Europe and said his goal will be to accelerate U.K.’s military buildup, so it becomes a “battle-ready, armor-clad nation with the strongest alliances and the most advanced capabilities equipped for the decades to come.”
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