Fintic Blog
Market news, updates, announcements and more!
Trump Slaps 104% Tariffs on Chinese Imports, Igniting New Trade Tensions
Trump is imposing massive 104% tariffs on all Chinese imports, escalating trade tensions and rattling global markets as China vows retaliation.
Trump Escalates Global Trade War with Sweeping New Tariffs
President Trump's new tariffs, including steep increases for China, Cambodia, and Vietnam, are set to escalate the global trade war, potentially raising costs for U.S. consumers and impacting economic growth.
OpenAI Secures $40 Billion Funding from SoftBank, Valuing Company at $300 Billion
OpenAI raises $40 billion from SoftBank and other investors, boosting its valuation to $300 billion as it plans to release an open-weights AI model to stay competitive.
Newsmax Skyrockets Over 700% on NYSE Debut
Newsmax surged over 700% on its NYSE debut, hitting $82.25 per share, with 12 trading halts and a market cap soaring to $7.3 billion amid intense volatility.
Trump Announces 25% Auto Tariffs to Boost Domestic Manufacturing
President Trump announced a 25% tariff on auto imports to boost U.S. manufacturing, raising concerns about higher car prices and potential trade conflicts. Automakers and global leaders criticize the move.
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Version 1.4.0 - (Static Display Mode, Live Score Animations + MLB Graphics, Soccer + NCAA Leagues Added to Live Games)
Trump Reveals Five Cryptocurrencies for Proposed U.S. Strategic Reserve, Sending Prices Soaring
Trump has announced a plan for a U.S. crypto reserve, naming Bitcoin, Ethereum, XRP, Solana, and Cardano, causing their prices to surge. More details will be revealed at the White House Crypto Summit on Friday.
Eagles Crush Chiefs 40-22, Deny Historic Super Bowl Three-Peat
The Eagles dominated the Chiefs 40-22, crushing their three-peat hopes. Jalen Hurts shined, earning MVP, while Philly’s defense shut down Mahomes.
U.S. Tariffs on Canada, Mexico, and China: The Start of a Global Trade War?
Trump imposes sweeping tariffs on Mexico, Canada, and China, sparking global economic concerns. Markets slump, Canada and Mexico retaliate, and critics warn of rising costs and economic slowdowns.
Moderna surprises by predicting a bigger-than-expected sales drop
Moderna projects a significant revenue decline for 2025, accelerates cost-cutting measures, and sees its shares fall 19% amid reduced COVID-19 vaccine sales.
Trump, SoftBank CEO announce $100 billion US investment
SoftBank announces a $100 billion investment in the U.S., creating 100,000 jobs and boosting AI and tech development under President-elect Trump’s pro-growth economic policies.
Bitcoin surges above $106,000 over the weekend to new record highs
Bitcoin surged past $106,000 as President-elect Trump hinted at creating a U.S. bitcoin reserve, igniting investor optimism and boosting cryptocurrency market momentum to record highs.
Trump rang the NYSE opening bell on Thursday after being named Time’s Person of the Year
Donald Trump rings the NYSE bell, marking his second Time Person of the Year recognition. He reflects on his comeback, political plans, and the future of his MAGA movement.
Microsoft shareholders voted against proposal to add Bitcoin to balance sheet
Microsoft shareholders rejected a proposal to invest 1% of its assets in Bitcoin, citing volatility concerns, causing Bitcoin's price to dip over 4% to $95,000.
Juan Soto signs with Mets on a historic 15-year, $765 million deal
Juan Soto's record-breaking $765 million contract with the Mets cements him as MLB's highest-paid player and a global sports icon, with potential earnings exceeding $800 million.
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Bitcoin hits $100,000 for the first time
Bitcoin surpasses $100,000, driven by optimism for reduced regulation under Trump’s presidency, marking a historic milestone in the cryptocurrency's volatile journey toward mainstream financial adoption.
Germany’s DAX Index hits 20,000 points in historic gains, despite economic woes
Germany's DAX index surpassed 20,000 points for the first time, fueled by strong global markets, even as domestic challenges like economic slowdown, job cuts, and political instability persist.
Stocks at record highs, SPY becomes first ETF to surpass $600 billion in assets
The SPDR S&P 500 ETF (SPY) surpasses $600 billion in assets, reflecting strong market gains, but faces growing competition from lower-cost rivals like VOO and IVV.
Volkswagen Faces Widespread Worker Strikes in Germany Amid Tense Wage Dispute
Volkswagen faces widespread worker strikes across Germany, protesting wage disputes and potential plant closures, as IG Metall demands job security amidst the automaker's financial challenges and global competition.