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Business

Corie Barry to step down as Best Buy names Jason Bonfig CEO

Best Buy has announced a leadership transition, naming Jason Bonfig as its next chief executive officer, replacing Corie Barry later this year. The

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Business

Robinhood fund takes $75M stake in OpenAI

Robinhood’s proprietary investment vehicle for retail investors has taken a small stake in privately held OpenAI, the trading company announced on Wednesday. The

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Business

Dow Jones jumps 417 pts as Trump extends Iran ceasefire

US stock indices moved higher on Wednesday after President Donald Trump extended the ceasefire with Iran, even as uncertainty persisted over the durability

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Business

Economists push back Fed rate cut bets amid rising energy prices

The US Federal Reserve is likely to wait at least six months before cutting interest rates this year, as inflation pressures persist, according

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Business

Analysis: Why jet fuel is the biggest oil market crisis now

The war in Iran and the resulting closure of the Strait of Hormuz have created an acute shortage in the oil market. But,

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Business

GE Vernova stock jumps 13% as AI data center boom lifts outlook

Shares of GE Vernova surged on Wednesday after the energy company raised its full-year outlook and reported strong first-quarter results, underscoring the growing

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Business

Tesla stock jumps ahead of earnings: will the climb continue after?

Shares of Tesla rose 1.19% to $391.90 on Wednesday, tracking gains in broader US equity markets as investors positioned ahead of the company’s

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Stocks

Bitcoin Price Approaches $78K Amid Ongoing Bullish Momentum

Bitcoin’s price rose beyond $77,500 due to increased holdings by Strategy and positive optimism in the financial markets. According to CMC data, bitcoin has

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Investing

Strait of Hormuz war poses risk to US dollar, FX markets

The ongoing closure of the Strait of Hormuz, following seven turbulent weeks of war, has amplified global economic uncertainty, with a new analysis

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Investing

USD/ZAR forecast ahead of South Africa inflation report

The USD/ZAR exchange rate remained under pressure this week as traders waited for the upcoming South African inflation report, which will provide more

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