Despite being a late player to the game, TikTok Shop has quickly amassed shoppers. The U.S. operation of TikTok Shop launched in 2023, and has attracted 47 million shoppers to the platform, who spend on average $32 million every day, according to Capital One Shopping. The social media-based marketplace combines the ultra-cheap price points of…
Cliff Asness. Chris Goodney | Bloomberg | Getty Images AQR Capital Management’s multistrategy hedge fund beat the market with a 9% rally in the first quarter as Wall Street grappled with extreme volatility amid President Donald Trump’s uncertain tariff policy. The Apex strategy from Cliff Asness’ firm, which combines stocks, macro and arbitrage trades and has…
Meta CEO Mark Zuckerberg holds a smartphone as he makes a keynote speech at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta’s head of artificial intelligence research announced Tuesday that she will be leaving the company. Joelle Pineau, the company’s vice…
Mike Intrator, Chief Executive Officer and founder of CoreWeave, (C) rings the opening bell surrounded by Executive Leadership and family during the company’s Initial Public Offering (IPO) at the Nasdaq headquarters on March 28, 2025 in New York City. Michael M. Santiago | Getty Images News | Getty Images CoreWeave‘s stock popped nearly 42% on…
CNBC’s Jim Cramer said on Tuesday that potential 20% tariffs on all U.S. imports would hurt the economy and fail to solve the problems President Donald Trump is trying to address with the duties. Although Trump’s exact tariff plans remain unknown ahead of their expected announcement on Wednesday — what Trump has called “liberation day”…
The U.S. government is set to increase tariff rates on several categories of imported products. Some economists tracking these trade proposals say the higher tariff rates could lead to higher consumer prices. One model constructed by the Federal Reserve Bank of Boston suggests that in an “extreme” scenario, heightened taxes on U.S. imports could result…
The Eli Lilly logo is shown on one of the company’s offices in San Diego, California, on Sept. 17, 2020. Mike Blake | Reuters Eli Lilly is suing two pharmacies for compounding Zepbound and Mounjaro, claiming the companies are skirting the Food and Drug Administration’s ban on the practice and luring people away from Lilly’s…
The Hims app arranged on a smartphone in New York on Feb. 12, 2025. Gabby Jones | Bloomberg | Getty Images Hims & Hers Health shares rose more than 5% on Tuesday after the company announced patients can access Eli Lilly‘s weight loss medication Zepbound and diabetes drug Mounjaro, as well as the generic injection…
A Delta Air Lines Boeing 767-332(ER). Joan Valls | Nurphoto | Getty Images Airline stocks slid further on Tuesday as Wall Street’s concerns about weaker-than-expected travel demand amid looming tariffs and a sharp drop in consumer confidence continue to weigh on the sector. Shares of Delta Air Lines were down more than 3% in afternoon…
Luigi Mangione, accused killer of US insurance CEO Brian Thompson, sits in Manhattan Supreme Court as he attends a hearing in New York City on Feb. 21, 2025. Steven Hirsch | AFP | Getty Images Attorney General Pam Bondi on Tuesday said she had ordered federal prosecutors to seek the death penalty in the case…
