Author: Daniel snow

President Donald Trump last week increased the pressure on Apple over foreign-made iPhones in a scathing social media post that also intensified the overall stock market sell-off. In the week ahead, another great American tech giant — Club name Nvidia — will be in the spotlight. Following trade optimism the prior week, the S & P 500 went right back into the soup, with a weekly drop of 2.6%. The Nasdaq fell nearly 2.5% last week. Both of those weekly drops were the worst in more than a month. Apple was our worst-performing stock of the week, down almost 7.6%.…

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US President Trump can be seen on a screen at the Frankfurt Stock Exchange in front of the DAX curve. Boris Roessler | Picture Alliance | Getty ImagesEuropean shares were firmly in positive territory on Monday, as investors reacted to U.S. President Donald Trump delaying the roll out of 50% tariffs on the European Union.The pan-European Stoxx 600 was up by 1% at 12:06 p.m. in London, with all sectors in positive territory.The French CAC 40 added 1.1%, while Germany’s DAX was 1.6% higher. U.K. markets are closed for a public holiday.European autos stocks rebounded from a 3% loss in…

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Passengers check in for Southwest Airlines flights at Chicago Midway International Airport on Feb. 18, 2025 in Chicago, Illinois.Scott Olson | Getty ImagesSet your alarm. Southwest Airlines customers have only one day to go before the company starts charging to check bags for the first time in more than half a century.Starting Wednesday, Southwest will end its blanket “two bags fly free” policy.It was a perk that was sacrosanct among customers and the airlines’ longtime executives alike, setting the airline apart from competitors. But baggage fees brought in nearly $7.3 billion for U.S. airlines last year, according to federal data,…

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Security officers block entrance doors after pro-Palestinian protesters attempted to enter the Microsoft Build conference at the Seattle Convention Center Arch building in Seattle, Washington on May 19, 2025. Jason Redmond | Afp | Getty ImagesAt Microsoft’s annual Build conference on Tuesday, Executive Vice President Jay Parikh’s keynote was interrupted by an employee protesting the company’s contracts with the Israeli government. The protester at the Seattle Convention Center was quickly whisked away by security guards, including some undercover agents dressed like attendees.More than 800 miles south in Mountain View, California, security guards lined the mainstage of Google I/O, where Alphabet…

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Mikael Sjoberg | Bloomberg | Getty ImagesSweden-based automaker Volvo Cars on Monday said it would cut around 3,000 jobs as part of a major cost-cutting drive.The move comes after the company, which is owned by China’s Geely Holding, announced an 18 billion Swedish kronor ($1.89 billion) cost and cash action plan late last month. Volvo Cars said at the time that the program would include reductions in investments and redundancies at its operations across the globe.This is breaking news. Please refresh for updates. Source link

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