stock market
Chime’s IPO: A Wild Ride Worth Watching So, let’s talk about Chime Financial (CHYM) and its recent IPO, which has been nothing short of a rollercoaster ride—minus the safety harness. The fintech darling soared over 40% after going public at $27 per share, which, spoiler alert, was above the expected…
Key Developments Shares of Tesla experienced a significant drop of 9% on Thursday as CEO Elon Musk and former President Donald Trump engaged in a public spat regarding a spending bill currently under consideration in Congress. This decline follows a remarkable 22% rally in May, during which Musk concluded his…
In a significant move within the retail sector, Dick’s Sporting Goods has announced its acquisition of the struggling footwear chain Foot Locker for approximately $2.4 billion. This marks the second major buyout in the footwear industry in just a few weeks, as companies navigate the challenges posed by ongoing trade…
The recent announcement of President Trump’s tariff plan has sent shockwaves through the US market. This has led to a significant decline in stocks. The Dow Jones Industrial Average plummeted 1679 points, or 4%. Meanwhile, the tech-heavy Nasdaq fell 6%. The S&P 500 also suffered a substantial decline of 4.8%.…
Amazon Tariffs: A New Chapter in E-Commerce Pricing
The White House Strikes Back: Amazon’s Tariff Transparency In a bold move, Amazon has reportedly decided to display the price increases associated with tariffs directly to consumers. This announcement has sparked significant controversy, drawing sharp criticism from the White House. On April 29, 2025, White House Press Secretary Karoline Leavitt…