• Feb 12, 2025

Elon Musk calls for the US to 'delete entire agencies' from the federal government

Elon Musk called on Thursday for the United States to “delete entire agencies” from the federal government as part of his push under President Donald Trump to radically cut spending and restructure its priorities. Musk offered a wide-ranging survey via a videocall to the World Governments Summit in Dubai, United Arab Emirates, of what he described as the priorities of the Trump administration interspersed with multiple references to “thermonuclear warfare” and the possible dangers of artificial intelligence. “We really have here rule of the bureaucracy as opposed to rule of the people — democracy,” Musk said, wearing a black T-shirt that read: “Tech Support.”

• Feb 12, 2025

Thoma Bravo-backed SailPoint set for US market comeback after over two years

Stricter data privacy regulations, a surge in global cyberattacks and the rise of AI-driven cybersecurity threats have boosted the value of businesses like SailPoint. SailPoint first went public in 2017, three years after being acquired by private equity firm Thoma Bravo, which bought it again in 2022 via a $6.9 billion deal.

• Feb 12, 2025

The latest inflation report shows that high prices are Trump's major economic challenge

As a candidate last year, Donald Trump suggested he could easily conquer inflation and ease voters' fears about the economy. Wednesday's consumer price index report showed that inflation is punching back — and President Trump could end up facing the same challenges that dragged down his predecessor, President Joe Biden. The annual inflation rate has risen in the three months since the November election to 3%, with gasoline prices climbing despite Trump's claims that his return to the White House would signal increased oil production that would lower energy costs.

• Feb 12, 2025

3 Industrials Stocks in the Doghouse

Whether you see them or not, industrials businesses play a crucial part in our daily activities. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the industry’s six-month return of 8.6% has fallen short of the S&P 500’s 11.3% rise.

• Feb 12, 2025

Indonesia to Allow Short-Selling to Broaden Stock Market Appeal

(Bloomberg) -- Indonesia plans to introduce short-selling in the second quarter this year, to increase options for investors at a time when the benchmark exchange sits just above bear-market levels.Most Read from BloombergWhy American Mobility Ground to a HaltSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayCutting Arena Subsidies Can Help Cover Tax Cuts, Think Tank SaysThe local stock exchange, known as IDX, will allow

• Feb 12, 2025

The Magnificent 7 stocks are getting a big boost from an unexpected source

For every $100 of dividends paid by the S&P 500, the bottom 493 companies contribute $94 but receive just $68 or reinvestment.

• Feb 12, 2025

2 Internet Stocks with All-Star Potential and 1 to Skip

Consumer internet businesses are redefining how people engage with the world by giving them instant connectivity and convenience. The new habits they’re cultivating are also unlocking the next leg of growth for the industry, which has gained 42.6% over the past six months compared to 11.3% for the S&P 500.

• Feb 12, 2025

Russian Aluminum Maker Stock Jumps as Trump, Putin Talk Ukraine

(Bloomberg) -- Shares of a Russian aluminum giant soared the most in almost three years as the leaders of Washington and Moscow begin negotiating an end to the war in Ukraine.Most Read from BloombergWhy American Mobility Ground to a HaltSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayCutting Arena Subsidies Can Help Cover Tax Cuts, Think Tank SaysUnited Co Rusal International’s Hong Kong-listed stock soared as much as

• Feb 12, 2025

Global oil demand 'clings by a thread' and even AI might not do much to boost crude

"Crude demand clings by a thread," Bank of America said, predicting that slowing global GDP and green infrastructure will weaken oil demand.

• Feb 12, 2025

European stocks and currencies rally on Ukraine peace deal hopes

Europe's main stock markets and currencies rallied on Thursday on growing optimism about a peace deal between Ukraine and Russia, and as bond buyers overcame their latest wobble after stubbornly high U.S. inflation data. Persisting trade war concerns kept gold in demand after U.S. President Donald Trump reiterated his plans to impose reciprocal tariffs on every country that has duties on U.S. goods. The euro's bounce left it up 0.3% at $1.041, helped by Trump's phone calls with Russian President Vladimir Putin and Ukraine's Volodymyr Zelenskiy on Wednesday, which raised hopes of an end to the near three-year-long war.