Peloton stock price has come under intense pressure in the past few months as its growth trajectory waned and as insiders dumped shares. PTON dropped by over 7% on Tuesday, reaching a low of $5.85, its lowest level since May last year. It has tumbled by 35% from its October highs and formed a risky
US President Donald Trump has warned of a 200% tariff on French wines and champagnes in a sharp escalation linked to his proposed global peace initiative. The move comes after reports said France might not join Trump’s newly announced Board of Peace, a platform aimed at resolving international conflicts through coordinated diplomacy. The president tied
Bermuda has unveiled a national initiative to integrate blockchain into every layer of its financial system as it hopes to become the world’s first fully on-chain economy. The plan was announced during the World Economic Forum annual meeting in Davos, with support from crypto giants Circle and Coinbase, who will provide the infrastructure and tools
China plans to roll out a fresh set of policies from 2026 to 2030 aimed at lifting domestic consumption and addressing what officials describe as “prominent” imbalances between supply and demand, with a sharper focus on the services sector, the country’s top economic planner said on Tuesday. The move comes as policymakers grapple with slowing
A leading Hong Kong securities association has raised concerns over a series of proposed rule changes that could tighten the city’s regulatory grip on digital assets. The industry body warns that the approach risks discouraging traditional asset managers from engaging with cryptocurrencies. In a formal submission made on Tuesday, the Hong Kong Securities and Futures
The slowdown in the UK jobs market became more evident in the run-up to November’s budget, as new figures revealed a sharp drop in payroll employment and weaker wage growth. Official data released on Tuesday highlighted the largest monthly fall in payrolled jobs since late 2020, signalling a tougher environment for workers and employers alike.
Indian shares fell to their lowest levels in more than three months on Tuesday, as a broad-based sell-off driven by weak corporate earnings, global trade concerns and sustained foreign fund outflows rattled investor confidence. The benchmark Nifty 50 slipped 1.38% to close at 25,232.5, while the BSE Sensex declined 1.28% to 82,180.47, both marking their
Donald Trump’s return to the World Economic Forum in Davos has reshaped the tone and priorities of this year’s gathering, as global business leaders and policymakers brace for the implications of his agenda on trade, security, and geopolitics. The US president is expected to arrive in the Swiss resort on Wednesday to deliver a special
Global trade policy is rapidly transforming into a strategic instrument, evidenced by “The Greenland episode” and Canada’s notable pivot toward China. This shift is creating a unique market environment where stable financial conditions coexist with increasingly turbulent commodity pricing, a divide set to define the near future, according to Rystad Energy’s Chief Economist, Claudio Galimberti.
Shares of RAPT Therapeutics surged sharply on Tuesday after the biopharmaceutical company said it had agreed to be acquired by British drugmaker GSK in a deal valued at about $2.2 billion, giving the larger group access to a late-stage food allergy treatment. RAPT stock jumped 64% to $57.41 in premarket trading, approaching the agreed offer