E.l.f. Beauty announced on Wednesday plans to acquire Hailey Bieber’s beauty brand Rhode in a deal worth up to $1 billion as the cosmetics company looks to expand further into skincare. The acquisition — E.l.f.’s biggest ever, according to FactSet — is comprised of $800 million in cash and stock,…
Famed investor Jim Cramer has shared his view on IonQ Inc (NASDAQ: IONQ), and his verdict is clear: the quantum computing stock is “too speculative” for his taste.During a recent segment of “Lightning Round”, where he responds to stock-related inquiries, the former hedge fund manager expressed concerns about IonQ’s financial…
Tempus AI Inc (NASDAQ: TEM) came crumbling down on Wednesday after Spruce Point announced a short position in the Chicago headquartered health technology company.Spruce Point cited several reasons, including account irregularities and eroding ties with key clients like AstraZeneca, for its bet against the Nasdaq listed firm.Tempus AI shares have…
US President Donald Trump dismissed the criticism, saying that he is bluffing countries with tariffs and backing out after the market sell-off. The criticism increased after Trump backed off the 50% tariff threat made against the EU last week. A decision that initially triggered a major market selloff, followed by…
Nvidia Corp (NASDAQ: NVDA) chief executive Jensen Huang says the White House has based its export regulations on the assumption that China is incapable of making its own AI chips.But recent checks confirm this assumption is fundamentally flawed, he argued on the company’s earnings call last night, adding “the question…
In a significant legal setback for President Donald Trump’s trade agenda, a US trade court issued a sweeping ruling on Wednesday, blocking most of his administration’s across-the-board tariffs on imports from US trading partners. The court found that the president had overstepped his constitutional authority by unilaterally imposing these duties.The…
The United States will begin “aggressively” revoking student visas for Chinese nationals, particularly those with connections to the Chinese Communist Party or who are studying in sensitive academic fields, Secretary of State Marco Rubio announced on Wednesday. The action represents an escalation of the Trump administration’s renewed effort to overhaul…
Joby Aviation stock surged to $9 on Wednesday, its highest point since January this year, and 78% from its lowest level this year. This surge brought its market cap to over $7 billion, making it the biggest eVTOL company in the US. Toyota invests in Joby AviationThe main catalyst for the…
A US federal court ruling on Wednesday that blocked President Donald Trump’s controversial “Liberation Day” tariffs offered a brief reprieve to markets rattled by months of trade policy turbulence. Investors cheered the legal development, though analysts warned that the long-term outlook remains clouded by continued legal appeals and growing fears…
The Reserve Bank of India (RBI) is taking new steps to expand the utility of the digital rupee by introducing cross-border use cases in the next phase of its central bank digital currency (CBDC) development. The central bank announced its intention to roll out international functionalities for the digital rupee…