Palantir stock drops after report Trump administration is eyeing large defense budget cuts
Palantir stock fell more than 10% Wednesday following a report the Trump administration is planning deep cuts to the defense budget.
Palantir stock fell more than 10% Wednesday following a report the Trump administration is planning deep cuts to the defense budget.
CEO Anthony Tan said Grab is currently serving just one out of 20 people in Southeast Asia despite hitting an all-time high of monthly transacting users.
Investors have the White House is in strong focus as tariffs continue to impact markets. New defence spending announcements shake up military contracted corporations.
(Bloomberg) -- Singapore’s Abaxx Exchange plans to introduce gold futures in the coming months, with prices setting fresh records this year as traders grapple with disruptions in key bullion hubs and increased haven demand.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $830 Milli
Stubborn inflation and President Donald Trump's hard-line trade policies have rekindled fears of stagflation, a worrying mix of sluggish growth and relentless inflation that haunted the U.S. in the 1970s, even as markets remain upbeat on his pro-growth agenda. The potential return of stagflation, which would pressure a range of assets, has been flagged periodically over the past 50 years but not materialized as a real threat to investor portfolios. While economists and portfolio managers are not ready to say that this time is different, the dreaded scenario has crept back as a key risk for investors in recent weeks, as the prospect of trade wars and punitive tariffs cast a shadow over U.S. growth.
Bill Ackman's Pershing Square proposed to acquire 10 million newly issued Howard Hughes shares at $90 a share — up from $85 a share.
The top tech stocks have soared comprising a larger proportion of the total value of the S&P 500, but some see risks building for the mega-cap cohort.
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Arista Networks shares dropped Wednesday amid some concerns about the company's sales to a key customer. However, several analysts said they're still bullish on the stock, anticipating a boost from demand for AI.
Wall Street was eyeing a dealmaking boom in the Trump era, but an announcement from the administration this week's clouds those views.