Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 22, 2025. Brendan McDermid | Reuters A key force at the center of the stock market’s massive two-day rally is the frantic behavior of short sellers covering their losses. Hedge fund short sellers recently added more bearish…
Third Point’s Dan Loeb revealed that he has dumped almost all of his positions in the so-called Magnificent 7 stocks after their huge run-up that’s been dented this year from the stock market tariff turmoil. “What we have done in the last few months is number one shifted away from those easy sale candidates of…
People shopping at a Chagee store in Shanghai, China, on Oct. 18, 2023. Costfoto | Nurphoto | Getty Images Shares of Chinese tea chain Chagee climbed 15% during its public market debut on Thursday, as the company plans a U.S. launch despite trade tensions between Washington and Beijing. The stock, which is trading on the…
A cargo truck loaded with new pickups heads to U.S. at the Otay Commercial crossing in Tijuana, Baja California state, Mexico on March 27, 2025. Guillermo Arias | AFP | Getty Images DETROIT — Shares of automakers closed higher Monday after President Donald Trump said he is looking to “help some of the car companies”…
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 11, 2025. Brendan Mcdermid | Reuters Wild intraday gyrations in stocks since “liberation day” have put investors more on edge than ever, and the popularity of zero-day-to-expiration options is partly to blame. Zero-day-to-expiration options are contracts that…
Brightdrop EV600 van Source: Brightdrop DETROIT — General Motors is cutting production of its all-electric BrightDrop delivery vans at a plant in Canada and will idle the facility through much of 2025, the company confirmed Friday. The CAMI assembly plant in Ingersoll, Ontario, will be reduced from two shifts to one — eliminating 500 jobs…
A pharmacist collects medications for prescriptions at a pharmacy. Simon Dawson | Bloomberg | Getty Images President Donald Trump’s planned tariffs on pharmaceuticals imported into the U.S. could have wide-ranging consequences for drugmakers and American patients, some experts told CNBC. The duties could disrupt the complex pharmaceutical supply chain, drive up the prices of drugs…
The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California. Justin Sullivan | Getty Images Shares of Danish shipping giant Maersk, a bellwether for global trade, posted substantial gains on Thursday morning, rallying after U.S. President Donald Trump’s 90-day pause on higher tariffs for some countries….
Trader work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Wednesday’s jaw-dropping stock-market rally on President Donald Trump’s surprising tariff reversal is one for the history books. The S&P 500 skyrocketed 9.52% in a kneejerk reaction to Trump’s announcement to put a 90-day pause on some of the lofty ‘reciprocal’…
The toy aisle is about to get more expensive. President Donald Trump expanded his trade war this week, placing a 10% baseline tariff on almost every country and much steeper levies on dozens of others. Among those hit with higher tariffs were China and Vietnam — two nations that are vital to the domestic toy…