The former chairman of Vinco Ventures, which tried and failed to popularize a TikTok rival, pleaded guilty to conspiring to commit securities fraud. Roderick Vanderbilt was Vinco’s chairman during a tumultuous period at the company, which was detailed in an investigation by Business Insider. Its stock swung wildly on a string of splashy announcements — including
Investors’ fever dream could soon be over. Markets have been cast into the world of the bizarre over the last few weeks. An escalating trade war with China has led to a staggering 125% tariff on goods from one of America’s biggest trading partners. Most countries worldwide were — and may still be, come July
Benzinga | Detroit Free Press Trump suggests China tariffs will ‘come down substantially’ President Donald Trump suggested the China tariffs will “come down substantially.” Reports suggested China is considering suspending its 125% tariff on select U.S. imports, following indications that Washington may cut tariffs on Chinese goods. The S&P 500 has now recouped nearly 80%
Akash Sriram and Abhirup Roy | Reuters Musk to shift focus from DOGE to Tesla after profits plunge Elon Musk told investors he will refocus on Tesla and begin scaling back his involvement with the Department of Government Efficiency (DOGE) in May. unbranded – Newsworthy Tesla investors breathed a sigh of relief after CEO Elon Musk said he would refocus his
Trevor Jennewine | The Motley Fool Musk to shift focus from DOGE to Tesla after profits plunge Elon Musk told investors he will refocus on Tesla and begin scaling back his involvement with the Department of Government Efficiency (DOGE) in May. unbranded – Newsworthy Tesla (NASDAQ: TSLA) stock has declined 41% year to date, making
No other president over the last 75 years has come close to duplicating this dubious feat. Sean Williams | The Motley Fool US stock markets continue to plunge after Trump’s tariff rollout US stock futures dropped sharply extending a massive two-day sell-off that erased over $5.4 trillion in market value. The S&P 500 is approaching bear
People on Wall Street react to sinking stocks from tariffs People on Wall Street reacted to the stock market downturn from Trump’s tariffs announcement with a mix of worry and optimism. President Donald Trump defended his tariff strategy in light of the stock market’s quick fallout, saying “sometimes you have to take medicine to fix
Newmax’s stock debut may be the talk of Wall Street, but the investment bank behind the deal is not normally associated with the sector’s splashiest IPOs. Rather than using a large advisory firm like Goldman Sachs or Morgan Stanley, Newsmax tapped a relatively obscure advisor: the Laguna Beach, California-based Digital Offering LLC, which has just
Tesla trade-ins hit record high amid Elon Musk controversy Tesla trade-ins have reportedly hit a record high amid a brand crisis linked in part to CEO Elon Musk’s involvement in the Trump administration. According to the Washington Post, Teslas made up 0.4% of all vehicles traded at traditional dealerships a year ago. That figure doubled
Who will actually pay for Trump’s tariffs? While trade is a hot topic among the Trump Administration, who actually pays for the new tariffs? Fox – Fox 9 U.S. stock futures point to a lower opening as investors await more news on President Donald Trump‘s tariff plan and economic news. Stocks rallied on Monday after