U.S. stocks tumbled on Monday on concerns about the effects of President Donald Trump’s tariffs on economic growth spooked investors. The Dow Jones Industrial Average fell 961 points, or 2.25%, while the Nasdaq Composite and S&P 500 were down 4.3% and 2.95%, respectively. The tech-heavy Nasdaq is on track for its worst day since September 2022; the S&P 500

Shares of Novo Nordisk slipped in Monday morning trading after the company announced results of its latest weight-loss drug trial.  Novo’s results from its Redefine 2 late-stage trial of CagriSema showed that patients on the highest dose of the drug lost 15.7% of their weight. Patients who were placed on the placebo lost 3.1%, according

Cryptocurrency exchange Kraken is preparing for an initial public offering next year, according to Bloomberg.  The IPO is expected to take place during the first quarter of 2026 and comes amid the Trump administration’s pro-stance on digital assets. The company, in a response to Bloomberg, indicated it is monitoring the best time for a potential

President Trump, late Thursday, signed an executive order to establish a Strategic Bitcoin Reserve. Crypto Czar David Sachs celebrated the move via a post on X.  “The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it will not

Drugstore chain Walgreens Boots Alliance announced on Thursday that it will go private. The struggling company entered into an agreement with private equity firm Sycamore Partners valued at $10 billion. Sycamore will pay $11.45 per share, a premium of 8% to the stock’s closing price of $10.60 on Thursday. Shares of the company rose nearly

U.S. stocks fell sharply on Monday hours before President Trump’s 25% tariffs against Canada and Mexico are set to go live at midnight. The Dow Jones Industrial fell nearly 700 points or 1.48%, while the Nasdaq Composite lost 2.6% and the S&P 500 1.7%. Most active stocks included Nvidia, which lost 8% and Intel, a

Semiconductor giant Taiwan Semiconductor Manufacturing Co. (TSMC) announced a $100 billion investment in the U.S. on Monday. TSMC, a Taiwan-based chipmaker that builds advanced semiconductors which are used to power smartphones and artificial intelligence (AI) models, announced the investment following meetings with President Donald Trump. The investment is expected to focus on advanced semiconductor manufacturing facilities over

Semiconductor giant Taiwan Semiconductor Manufacturing Co. (TSMC) is expected to announce a $100 billion investment on Monday, a White House official told Fox News. TSMC, a Taiwan-based chipmaker that builds advanced semiconductors which are used to power smartphones and artificial intelligence (AI) models, is expected to announce the investment following meetings with President Donald Trump. The