Gold, silver plunge after news Trump will nominate Kevin Warsh as Fed chair

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Gold and silver prices plummeted early Friday morning following news that President Trump planned to nominate Kevin Warsh as the next chair of the Federal Reserve. Investors started selling off precious metals with gold falling by as much as 10%, dropping from $5,500 an ounce to around $5,136 per ounce. Meanwhile, silver nosedived by up […]


Tesla loses spot as world’s top EV seller to Chinese rival after car deliveries plunge 9% in 2025

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Tesla said its vehicle deliveries plunged 9% in 2025 – a worse-than-expected drop that knocked Elon Musk’s company out of its No. 1 spot among world’s EV sellers and handed it to a Chinese rival. The electric automaker said Friday it recorded deliveries of 418,227 in the fourth quarter, down 16% from the same period […]


Meta, Microsoft shares plunge as investors fear AI spending is overhyped

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Shares in Meta and Microsoft plunged Thursday after the tech giants announced plans to ramp up AI spending – and investors worried that the cash might not yield major payouts. Fears that artificial intelligence investments have been overhyped sent the tech-heavy Nasdaq down 1.3% as of about 3:30 p.m. ET Thursday. Meta’s stock cratered about […]


Pfizer, Moderna shares plunge on report that Trump officials plan to link child deaths to COVID vaccine

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Shares in Pfizer and Moderna fell 3.9% and 7.4%, respectively, Friday after a report that the Trump administration plans to link the deaths of 25 children to COVID vaccines. Trump health officials plan to include the claim in a presentation next week to a panel of advisors to the CDC that is considering new COVID […]


Trump threatens furniture tariffs — causing Wayfair, Williams-Sonoma shares to plunge

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President Trump announced Friday that his administration is investigating imported furniture for potential tariffs, sending shares of major home goods companies tumbling in after-hours trading. Trump said the probe would be wrapped up within 50 days, after which furniture imports would face duties at rates “yet to be determined.” “This will bring the Furniture Business […]


Tesla deliveries plunge as Elon Musk slammed over DOGE work

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Tesla deliveries plummeted by a whopping 13% during the first quarter as its CEO Elon Musk faced public backlash over his work with President Trump and the Department of Government Efficiency. The pioneering electric vehicle company made 336,681 deliveries — which are viewed as an accurate proxy for sales — over the three-month period, far […]