IBM pledges $150B investment in US, focusing on quantum computing and mainframe production, following similar moves by Nvidia and Apple. Aimed at boosting local manufacturing and addressing trade conflicts.
JPMorgan restructures MSGN's debt, slashing it to $210M. Knicks owner James Dolan reduces rights fees, paving the way for a potential sale of MSGN after the debt restructuring. Knicks and Rangers fees decreased.
BYD's rise poses a risk to US automakers like Tesla. Despite tariffs, BYD thrives with internal component manufacturing and rapid growth in key markets. Tesla faces challenges with competition and declining earnings.
Pakistan's airspace closure amid tensions is forcing Indian airlines like Air India & IndiGo to reroute flights, increasing fuel costs & flight times. This impacts routes to Europe, Middle East & North America and disrupts schedules.
US CEOs worry about recession due to trade war uncertainty and China tensions. Tariffs could upend the economy, impacting US firms and global markets. A potential 'Deal of the Century' remains a slim hope.
MSG Networks nears JPMorgan restructuring to avoid bankruptcy, potentially paving way for a merger with YES Network. Dolan may sell MSGN after debt reduction. Sports app access options available.
Southwest Airlines faces trade war uncertainties and demand pullback after policy changes like baggage fees. They still plan basic economy and assigned seating. Post-pandemic recovery is key.
Domestic tractor sales are projected to reach a record high of 975,000 units by 2026, driven by higher MSP, replacement demand and TREM V implementation. Growth of 3-5% is expected.
President Trump's trade war strategies and criticism of the Fed Chair create market uncertainty. Trade deals with China, Japan, and others stall, impacting stocks, bonds, and even driving investors to gold and Bitcoin.
Trump nominates Clayton as US Attorney for Southern District, crucial for financial crime investigations. Senate confirmation faces potential challenges despite Clayton's bipartisan past and focus on security and trafficking.
Trump criticizes the Fed and Powell, raising concerns about the Fed's independence and potential market turmoil. Tariffs, interest rates, and economic growth are key issues.
Tesla delays US production of its cheaper Model Y (codenamed E41) due to tariff exposure. Budget car is still slated for China & Europe. Production of 250,000 units expected in 2026.
