Corporate news, financial markets, and economic trends
On April 28, 2025, Newark Liberty International Airport was hit with a 90-second communication shutdown. Air traffic controllers lost contact with arriving aircraft during that time. A United Airlines pilot asked, “Are you there?” as he tried to make contact with controllers. What Caused the Outage? The blackout resulted from a malfunction in the stream…
OpenAI confirms its nonprofit arm will stay in control, even as it restructures to raise funds and grow faster in AI. A New Chapter for OpenAI OpenAI has made a big announcement. The company says it will stay under nonprofit control despite a major restructuring. The plan is to turn its for-profit arm into a…
A Glimmer of Hope in Ongoing Trade Disputes Asian equities saw a significant increase on Friday, lifted by reports that the years of US-China trade tensions may be easing. China’s Commerce Ministry showed openness to restarting trade talks, as long as the U.S. comes with good intentions. This news provided some relief for investors following…
The European Central Bank is advising eurozone banks to adjust to a leaner liquidity environment by embracing its standard refinancing tools as a routine part of financial management. From Overflow to Optimization For more than a decade, eurozone banks have operated with an abundance of liquidity. Thanks to policies like asset purchase programs and TLTROs…
Policy Overhaul Sparks Alarm Meta’s recent move to relax content moderation sparked a sharp rebuke from its Oversight Board, an independent body established to oversee ethical decisions. The policy changes, introduced in January, included scrapping U.S. fact-checking and easing rules around sensitive topics like gender identity and immigration. The Board expressed concern that these decisions…
China delivers a sharp message to the global community—back the U.S. in its tariff war, and you risk Beijing’s retaliation. Beijing’s Red Line on Global Trade China has sent a blunt message to countries that are considering joining with the United States in its rising, intense trade war. The threat is direct yet powerful: any…
The Tariff Storm Begins On April 2, 2025, President Donald Trump declared a “national emergency” to address what he described as a “large and persistent US trade deficit,” enabling him to impose a 10% tariff on all imports to the US, effective April 5, 2025. He also announced higher tariffs for 57 countries and territories…
A Tough Day on Wall Street Wall Street suffered a sweeping sell-off on Tuesday, with major indexes posting their worst performance in months. The S&P 500 dropped 2.2% to 5,275.70, the Nasdaq sank 3.1% to 16,307.16, and the Dow Jones Industrial Average closed down 1.7% at 39,669.39. Even small-cap stocks weren’t spared, with the Russell…
Unexpected Tariff Hike Derails Tesla’s Schedule Tesla had planned to start trial production of its much-anticipated Cybercab, a fully autonomous robotaxi, by October 2025, with full-scale manufacturing to follow in 2026. The Semi, Tesla’s electric long-haul truck, was also scheduled to roll off production lines in Nevada soon. But then came the tariff bombshell. Tesla was prepared…
In a dramatic reversal, U.S. stock markets saw a significant boost following the Trump administration’s announcement of temporary tariff exemptions on essential electronic items, including smartphones, laptops, and semiconductors. The action brought instant relief to tech giants that are heavily dependent on Chinese manufacturing, like Apple, Dell, and Nvidia, whose stocks recorded sharp gains. Tech…
