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Restoration Hardware’s Sales Surge, but Shares Plunge Nearly 40 Percent
The luxury home furnishing retailer faces multiple headwinds.
Dollar Index Falls Below 103, Hits 6-Month Low
The index may only find support after the Trump administration reveals some good news such as tax cuts or deregulation, according to ING Bank.
As Auto Tariffs Take Effect, Automakers Shift Gears
Shares of U.S. and foreign automakers slump a day after Trump’s tariff announcement.
US Crude Oil Inventories See Surprising Buildup, Oil Price Drops More Than 6 Percent
Higher inventory buildup indicates an oversupply in the market, which is bearish for prices.
Dow Jones Drops 1,100 Points a Day After Trump Tariff Announcement
All three major U.S. stock indexes saw declines on Thursday morning.
Crypto Investors Lose Over $1.6 Billion to Hackers in First Quarter
That’s more than two-thirds of last year’s total. Less than 1 percent of the stolen funds have been recovered.
Trump Media Becomes First Company to List on New NYSE Texas
Trump Media and Technology Group launched trading on the newly formed NYSE Texas, making it the exchange’s first listed company amid Texas’s rise in finance.
Gold Soars to New Record Above $3,100
Investment interest in the bullion is up, with North American gold ETF inflows in February being the largest single-month inflow for the region since July 2020.
China’s Xi Seeks to Assure Global Business Leaders Ahead of Fresh US Tariffs
China has struggled to reverse the decline in foreign investment, especially as its economy braces for the impact of additional tariffs imposed by Washington.
US New Home Sales Rise Slightly as Mortgage Rates Dip Slightly
Homebuyer interest is increasing, which could translate into sales if rates drop even more.
China’s Mineral Exploitation in Africa Threatens US National Security, Congress Hears
Experts say the U.S. government must act to weaken China’s control over African minerals sectors to ensure America’s security and combat corruption in Africa.
