DoorDash, the ubiquitous U.S. food delivery app, has agreed to acquire British rival Deliveroo for 2.9 billion pounds ($3.9 billion) in cash, expanding its business in Europe, Asia and the Middle East.
Short-selling is a bearish trading strategy that involves borrowing a stock from the broker, instantly selling it, and then waiting for a price drop to buy it back. This strategy revolves around the anticipation of a bearish trend in the market and by “buying it back” later, for a lower price.
A period marked by significant volatility due to geopolitical developments and corporate earnings reports.
On Saturday, longtime Berkshire Hathaway (BRK-B, BRK-A) CEO Warren Buffett said he plans to recommend to the company's board that Greg Abel take over at the end of the year.
China has said it's evaluating approaches from US officials to start negotiations about tariffs, a potential de-escalation in the trade war that has raised hopes that formal trade talks could start soon.
European auto giants reported a sharp drop in first-quarter profit, and many suspended or cut full-year financial guidance, partially attributing the industry pain to U.S. President Donald Trump’s trade tariffs.
On Wednesday, it was reported that China had quietly compiled a list of US-made goods exempt from its 125% tariffs, aiming to ease trade tensions without public concessions. Companies, particularly those reliant on US technologies—such as pharmaceuticals and chipmakers—are being discreetly informed about these exemptions.
US Commerce Secretary Howard Lutnick appeared to confirm reporting on Monday that a deal has been reached with automakers to ease tariffs, in another potential policy reversal that could grant a major reprieve for a beleaguered industry.
Wall Street enters a pivotal time this week with stocks nearly back to pre-tariff levels and a flood of key economic data and corporate earnings on deck.
The week began with a sharp selloff on Monday due to escalating trade tensions, but markets rebounded strongly in the following days, led by gains in technology stocks.