Articles
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3 days ago |
benzinga.com | Rishabh Mishra
Economists have been predicting that retailers in the U.S. are likely to face pressure in the case of higher tariffs on China, as it is likely to “empty shelves” with a falling inventory-to-sales ratio. What Happened: According to Torsten Slok, the chief economist at Apollo Academy, the inventory-to-sales ratio for retailers has fallen below the pre-pandemic level, sparking concerns about lower inventory as compared to the sales made by these retailers.
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3 days ago |
benzinga.com | Rishabh Mishra
Billionaire investor and the CEO of Pershing Square, Bill Ackman, flagged the contribution of various subsidies to the mounting U.S. debt and appreciated President Donald Trump for proposing an order to cut the drug prices, quoting his earlier suggestion. What Happened: In an X post, Ackman highlighted that the U.S. has subsidized the world in trade, defense, drugs, and NGOs, contributing to the $37 trillion national debt.
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6 days ago |
benzinga.com | Rishabh Mishra
SoundHound AI SOUN, a leader in voice artificial intelligence solutions, showcased significant year-over-year growth driven by its advanced Polaris foundation model, strategic acquisitions and a record-breaking pipeline despite missing the revenue estimates. What Happened: According to data from Benzinga Pro, SoundHound’s first-quarter revenue grew by 151% to $29.1 million, but missed the consensus estimate of $30.38 million.
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6 days ago |
benzinga.com | Rishabh Mishra
Billionaire investor and Shark Tank fame Mark Cuban criticized the growing popularity of memecoins and said that it undermines the “value and utility” of cryptocurrencies.
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6 days ago |
benzinga.com | Rishabh Mishra
U.S. stock futures fluctuated between gains and losses on Friday, following a three-day winning streak. Major benchmark index futures were mixed in premarket trading. The U.S. and U.K. sealed a bilateral trade deal, cutting tariffs, boosting industrial ties, and securing billions in new market access.
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U.S. Imposes 245% Tariffs On China Amid Escalating Trade Tensions. Here Is A Timeline Of The Tariffs: #China #US #DonaldTrump #Trump #Tariffs #Tariff https://t.co/PxN0N9K1Z3
Treasury Secretary Scott Bessent Calls Himself A 'Deficit Hawk,' Says He Is 'Completely Aligned' With Elon Musk On DOGE | @chamath @friedberg @theallinpod #DOGE #Musk #Deficit #Debt #Bessent https://t.co/5glecXFCrw via @Benzinga
#FOMC #FederalReserve #JeromePowell #Powell #Fed
The Fed is expected to keep interest rates steady, but could a shift in stance be on the horizon? 🏦💸 With inflation near 2% and economic uncertainty growing, analysts believe Jerome Powell might pivot to a more measured approach. While the "Trump put"—adjusting policies to https://t.co/UGNPRRKXlZ