Author: BLMS MEDIA
U.S. President Donald Trump is displayed on a television screen as traders work on the floor of the New York Stock Exchange (NYSE) on April 7, 2025 in New York City. Spencer Platt | Getty ImagesPresident Donald Trump’s first 100 days in office are the worst for the stock market for the start of a president’s four-year term since the 1970s.The S&P 500’s 7.9% drop from when Trump was sworn into office on Jan. 20 through the April 25 close, is the second worst first 100-day performance going back to the beginning of President Richard Nixon’s second term, according to CFRA…
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Power went out across all of Spain and Portugal on Monday, cutting cellphone and internet networks, halting trains and trapping people in elevators, officials said.Spain’s government was scrambling to identify the origin of the huge outage, with Prime Minister Pedro Sanchez going to the headquarters of the state electricity network operator to be briefed.The operator, Red Electrica, said it would likely take six to 10 hours to restore power in the country and urged people not to speculate as to the cause of the outage.Images posted on social media showed metro stations plunged into darkness, with trains halted, and people…
CNN — House Republicans have unveiled the first details in their sweeping bill to implement President Donald Trump’s agenda, promising to pump in roughly $150 billion for defense programs and tens of billions more in border security measures. The details come as Trump and Speaker Mike Johnson are set to meet at the White House Monday afternoon – the same day Congress returns from a two-week recess and prepares for a critical period of legislating. Eleven different House committees plan to release various pieces of the larger bill before they’re cobbled together into one massive package that Johnson wants to…
Arvind Krishna, chief executive officer of International Business Machines Corp. (IBM), during a Bloomberg Television interview at the World Governments Summit in Dubai, United Arab Emirates, on Tuesday, Feb. 11, 2025. Christopher Pike | Bloomberg | Getty ImagesIBM on Monday announced it will invest $150 billion in the U.S. over the next five years, including more than $30 billion to advance American manufacturing of its mainframe and quantum computers.”We have been focused on American jobs and manufacturing since our founding 114 years ago, and with this investment and manufacturing commitment we are ensuring that IBM remains the epicenter of the world’s…
AI-based coding has exploded in popularity on the promise that it will make developers’ jobs faster and easier. But AI coding has also resulted in something else: a vast increase in lines of code, and thus the likelihood of bugs resulting in crashes or other mishaps. On Monday, an Israeli startup called Lightrun, which has built an observability platform to identify and debug (remediate) code before those problems arise, announced a Series B of $70 million. The funding underscores not just the gap in the market for tools like these, but also Lightrun’s traction in meeting that demand. New backer…
Treasury Secretary Scott Bessent on Monday put the responsibility for reaching a trade agreement on China.”I believe that it’s up to China to de-escalate, because they sell five times more to us than we sell to them, and so these 120%, 145% tariffs are unsustainable,” Bessent said during an interview on CNBC’s “Squawk Box.”The comments come with markets on edge over the direction of tariffs following President Donald Trump’s April 2 announcement of broad-based global duties. A week later, Trump said he would keep in place 10% across-the-board tariffs but table for 90 days more aggressive levies against individual trading…
Russian President Vladimir Putin visits a nuclear submarine base March 26, 2025, in Murmansk, Russia.Contributor | Getty Images News | Getty ImagesRussian President Vladimir Putin on Monday declared a three-day ceasefire in May in the war with Ukraine to mark the 80th anniversary of the victory of the Soviet Union and its allies in World War Two.The Kremlin said the 72-hour ceasefire would run on May 8, May 9 — when Putin will host international leaders, including Chinese President Xi Jinping, for lavish celebrations to commemorate victory over Nazi Germany — and May 10.Ukrainian Foreign Minister Andrii Sybiha, in response,…
FILE PHOTO: A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021. Dado Ruvic | ReutersPayPal, Block and Affirm are all closely tied to the health of the consumer, which has investors on edge headed into their earnings reports.Markets broadly have been jittery to start the year due largely to concerns about President Donald Trump’s sweeping tariffs and the prospect of higher import costs leading to rising unemployment and reduced consumer spending.Specific to e-commerce, there’s the end of de minimis trade exemptions for Chinese imports, effective May 2. That change, aimed at…
Sky Sports’ Paul Merson says Arsenal can beat Paris Saint-Germain over two legs in the Champions League semi-final, and have a “massive opportunity” to win the tournament.The Gunners face the Ligue 1 side at the Emirates on Tuesday evening after a six-day break since their previous game against Crystal Palace, with the return leg the following Wednesday at the Parc des Princes. The two sides have already faced each other this season in Europe, with Arsenal winning 2-0 at the Emirates in the league phase.But PSG’s form has improved since, beating Liverpool and Aston Villa in the last two knockout…