Deira Trading Company

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Trump looks set to roll out a new set of tariffs. Will markets care?

The president is expected to impose fresh import taxes this week, as levies from February are only able to remain in effect for 150 days.

GM announces new gas-powered Cadillac vehicles amid EV pullback

GM CEO Mary Barra said Tuesday the next-generation Cadillacs will include new versions of the CT5 sedan, XT5 midsize SUV and discontinued three-row XT6 SUV.
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Novo Nordisk sues Eli Lilly over ads as GLP-1 market hits ‘inflection point’

The Danish company Novo says U.S.-based Lilly isn’t including the most up-to-date clinical information about its drugs.

Novo Nordisk sues Eli Lilly, alleging misleading GLP-1 advertising

Novo asked the court to permanently stop Lilly from running the "deceptive" ads and require the drugmaker to issue corrective advertising.

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Jamie Dimon says he wouldn’t buy Treasurys. ‘I don’t understand the upside.’

Jamie Dimon — long considered a potential candidate to be treasury secretary, and the person in charge of one of the nation’s primary dealers of Treasury securities — says he…

General Motors is set to report earnings before the bell. Here's what Wall Street expects

Wall Street analysts expect General Motors to report adjusted earnings per share of $3.20 and revenue of $47.01 billion.
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U.S. hits Canada with stiff new tariffs, escalating trade tensions

The Trump administration on Monday said it would slap 50% tariffs on some goods imported from Canada, in an effort to end what it sees as discriminatory trade practices by…

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Paramount and Warner Bros. merger hit with temporary restraining order

A California judge granted a temporary restraining order as part of the lawsuit brought by state attorneys general due to antitrust concerns.
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Forget Nvidia. These 5 S&P 500 stocks are quietly going all in on AI.

The “Mag Seven” has become the “Bag Seven.” Sharp tech investors are looking elsewhere.
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Scared of the AI trade? Here are three investment themes Goldman Sachs is offering instead.

Semiconductors have fallen into a bear market, prompting some investors to look elsewhere
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Is there a deadline to claim the $1,000 ‘Trump account’ contribution for my kid?

Some children who don’t qualify for the government contribution may be eligible for an initial $250.
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Oil prices surge, stock futures inch higher as fighting between U.S. and Iran intensifies

Oil prices rose while U.S stock-index futures edged higher on Sunday, amid an escalation of fighting in the Middle East and as investors await key tech earnings this week.
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Can the ‘Magnificent Seven’ save a stock market that might be doomed without them?

Apple, Amazon, Nvidia and peers are quietly coming back to life, and that could easily jolt this sleepy stock market back into gear.
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Can former employers withhold money from your 401(k) when you’re laid off?

There are two main ways to move money from your workplace retirement plan when you leave your job. One can cost you.

American Airlines CEO lays out his vision to close a more than $3 billion profit gap

The carrier is working on improving reliability, investing in more premium seats and lounges, and considering Boeing and Airbus for a new wide-body plane order.
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Netflix is spending big money on sports. Is the company making the right bets?

The streaming service says live programming helps draw in new subscribers, but investors have become disillusioned with Netflix’s broader engagement trends.
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‘Respect is important’: If my financial adviser said, ‘Hey,’ my wife and I would walk out. Where do you draw the line?

“I met with a financial representative who was not aware that AT&T was the shortened form of American Telephone and Telegraph.”
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Billionaires are loading up on these superior stocks. Why it pays to follow their money.

The second quarter was a six-year best for U.S. stocks — here are the three sectors poised to lead the next leg higher.
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The World Cup–winning side will make $50 million — and the IRS gets a cut

“It doesn’t make a difference who wins the game. The IRS will get a piece.”

How big is the great wealth transfer? It could be over $100 trillion or $36 trillion

Two studies have raised new questions about the size and impact of the coming great wealth transfer.
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Meet Kimi K3, the newest Chinese AI model haunting Silicon Valley

Moonshot AI’s new open model is catching up to Anthropic and OpenAI, raising questions about the future of the AI race.

Chinese automakers are taking on the UK — and many Brits are embracing it

The surge comes as China's auto exports have boomed in recent years as the country's appetite for new models has cooled.
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A bad health diagnosis will upend your financial plan, but you can set it right again

What it’s like to get end-of-life financial advice from a CFP who’s also a death doula

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Inside the Chinese fraud rings stealing billions from banks and retailers

Chinese organized crime groups are making as much as $1 billion annually in tap-to-pay fraud schemes targeting retailers and banks.
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Netflix is getting stingier about its viewing data, and Wall Street isn’t happy

Netflix’s stock is falling in the wake of mixed earnings and a new plan to cut back on the publication of ‘What We Watched’ reports.
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Micron has turned into ‘the most important stock in the market.’ So is it time to worry?

While investors are concerned about a memory peak, analysts say the stock still looks cheap relative to various earnings scenarios.

Netflix stock falls as earnings forecast disappoints, company says it will give fewer engagement updates

The streaming giant said it would cut back on the frequency of its "What We Watched" reports, which provide a picture of engagement.
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Alphabet’s stock falls as Gemini delays suggest Google is struggling to keep up in the AI race

Alphabet shares fell more than 4% on Thursday, reflecting concerns that the Google parent company is falling further behind in the artificial-intelligence race.

Here's why the housing market is hurting so much this summer

Mortgage rates are high, home prices at record levels and consumers stressed. These are all contributing to a drop in existing home sales and builder sentiment.

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SpaceX’s Starship is set for takeoff — and its floundering stock could use the lift

The mega-rocket’s success is SpaceX’s “single most important watch item,” one analyst says.
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United Airlines gets hit by a $6 billion added-fuel-cost headwind

Investors zero in on United’s potentially fatter jet-fuel bill — the airline said it expects nearly $6 billion in additional fuel expenses for the year.
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AI is so big, it’s now impossible for investors to avoid

Exposure to the artificial-intelligence boom has become virtually impossible for investors to avoid. The theme hasn’t just cornered the stock market. It has systematically swallowed up corporate credit and venture…

Morgan Stanley posts record quarterly revenue and profit as equities trading surges 69%

Like at peers Goldman Sachs and JPMorgan Chase, a massive beat in equities trading drove the quarter's outsized results.

United earnings top estimates but airline expects $6 billion in added fuel costs

United reported higher revenue for premium, corporate and no-frills basic economy tickets and higher revenue for both domestic and international trips.

Anthropic moves closer to mega-IPO as bankers line up investor meetings

Anthropic is lining up investor meetings ahead of a potential IPO as soon as October as the AI startup behind looks to beat rival OpenAI to the public markets.
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Ether Options Market Shows Bias for Price Weakness Over Next 6 Months

Ether's price appears overvalued compared to Ethereum's dwindling revenues, one analyst said.   Ethereum's native token Ether (ETH) fell to a six-week low on Tuesday, with traders in the options…
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MakerDAO’s MKR, Ripple’s XRP and Stellar’s XLM Led Crypto Gainers in July

Cryptocurrency giants bitcoin and ether, meanwhile, lost ground during the month. MakerDAO’s MKR was the leading gainer among the constituents of the Coindesk Market Index (CMI) in July, advancing 47%. The native…
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ApeMax and Dogecoin: Battle of the Meme Coins

  In the volatile world of cryptocurrency, meme coins have carved out their own niche. These internet-inspired coins, often humorously named and themed, have a unique appeal to a wide…
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Ripple (XRP) Price Prediction: Is It Time To Invest in XRP?

Recently, a judge in the United States made a ruling in favour of Ripple (XRP) and this news sent a ripple effect to the entire crypto market with XRP price…
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Bitcoin Plunged 11% in Worst Week Since FTX’s Collapse. What’s Next for BTC’s Price?

BTC slipped below $26,000 amid the crypto market mayhem. BTC’s fall below $26,000 is poised to be the worst weekly decline since the collapse of FTX. Absence of a decision…
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FTX Crypto Bankruptcy Filing Shows $8.6 Billion Shortfall

If FTX was founder Sam Bankman-Fried’s alleged personal piggy bank, it wasn’t refilled. Newly filed court documents introduced last week (March 2) reveal what John J. Ray III, FTX’s current CEO, has called…
Source: CurrencyRate