Newsmax stock starts trading on NYSE

Newsmax stock starts trading on NYSE

Fox News and Newsmax television studios are seen in the Fiserv Forum on the day before the Republican National Convention begins, in Milwaukee, Wisconsin, July 14, 2024. Joe Raedle | Getty Images News | Getty Images Newsmax went public on the New York Stock Exchange on Monday, as the conservative cable news network audience has…

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Hedge funds turn defensive amid tariff chaos

Hedge funds turn defensive amid tariff chaos

Hedge funds are dumping stocks at a rapid pace as President Donald Trump’s aggressive tariff agenda spiked volatility on Wall Street. These professional traders have net sold global equities for six weeks in a row, with last week’s notional de-grossing amount reaching the largest level since July, according to data from Goldman Sachs’ prime brokerage unit. The…

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Why tariffs could push car prices even higher

Why tariffs could push car prices even higher

President Donald Trump’s 25% tariff on foreign-made vehicles and parts stands to raise prices on vehicles by thousands of dollars, according to industry economists and other analysts. Sticker prices are already near record highs — just shy of $50,000 on average, Cox Automotive. A record number of buyers are delinquent on their auto loan payments,…

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