Sunday, June 1, 2025

Tag: financial

Trump’s Bold Move: Retirement Funds Can Now Flow into Bitcoin Investments

The Trump administration allows Bitcoin investments in pension accounts, reversing Biden-era restrictions, potentially benefiting the Trump family.

U.S. Markets End in Green After Moody’s Credit Rating Cut

Despite a U.S. credit rating downgrade, Wall Street indices closed higher, though Treasury yields rose, indicating cautious investor sentiment.

Shockwaves in Finance: U.S. Credit Rating Slips from Aaa to Aa1

South Korea's finance ministry reviews market impact after U.S. credit downgrade, noting potential volatility amid ongoing uncertainties.

Netflix’s Revenue Jumps 13% in Q1, Driven by Price Hikes and Ad Growth

Netflix's Q1 revenue hit $10.54B, beating estimates, driven by subscriber growth and ad revenue, with a focus on innovative advertising tech.

Half of France Skips Shampoo and Toothpaste——Here’s Why They’re Giving Up

A study reveals half of French citizens are cutting back on hygiene products due to financial strain, raising concerns about poverty.

Chinese Love Guru Fined $1M After Underreporting Income

Chinese relationship expert Le Chanchui fined $1.04M for tax evasion despite earning millions by teaching women to marry wealthy men.

Elon Musk Blames Tesla’s Stock Plunge on His Political Moves

Elon Musk blames his political actions for Tesla's stock decline, which has dropped over 45% since its peak, affecting his wealth.

Affleck Says No to Dior Sneakers, Pushes Son to Work for His Wants

Ben Affleck teaches his son the value of money by refusing to buy $6,000 sneakers, emphasizing chores for allowance.

Chinese Investors’ $30M Bet on Musk Raises Red Flags Over Conflicts of Interest

Chinese investors are heavily investing in Elon Musk's companies, raising concerns about their influence in U.S. politics and potential conflicts of interest.

Trump Media Group Posts Losses as Truth Social Faces Declining Revenue

TMTG, Trump's media company, reported losses despite stock rise; Truth Social's revenue fell, citing legal costs and ad agreement changes.

Musk Responds to Criticism of DOGE’s Influence on Federal Agencies and Employee Data

Elon Musk addresses controversy over government restructuring and potential conflicts of interest during a press briefing at the White House.

Fed Cuts Rates Again, Signals Slower Pace for 2024, Sending Stocks Lower

The Fed lowered interest rates by 0.25%, signaling fewer cuts next year, causing a decline in the New York stock market.