Around The World

03 Sep

Asia markets trade mixed as tariff concerns weigh

MediaCatalystPoliticsBusiness, politics

Asia markets trade mixed as tariff concerns weigh China's second-quarter GDP grew 1.8% year over year, marking fastest pace of growth since September 2023 . Japan's Nikkei 225 lost 0.41%, while the broader Topix index dropped by 0.53%. Yields on Japanese Government Bonds (JGBs) rose . Read full story: Source

03 Sep

Salesforce is having a bad year. This is where investors want to see growth

MediaCatalystWorldWorld

Salesforce is having a bad year. This is where investors want to see growth Salesforce's stock price has dropped 25% this year, the worst performance in large-cap tech . Oracle has jumped 34%, outperforming most of its peers and well outpacing the major indexes . The two companies that were once about even by valuation are now separated by about $400 billion . Read full story: Source

03 Sep

Jim Cramer explains how to handle Tuesday’s market decline

MediaCatalystBusinessBusiness, Tech

Jim Cramer explains how to handle Tuesday's market decline The Dow Jones Industrial Average closed down 0.55% on Tuesday, the S&P 500 dropped 0.69% and the Nasdaq Composite dropped . Wall Street largely took profits in Big Tech giants that have been leading the bull market higher this year . Cramer said September is historically a tough month for stocks . Read full story: Source

03 Sep

‘Gringos leave’: Protests targeting travelers rise as overtourism anger grows

MediaCatalystTechTech

'Gringos leave': Protests targeting travelers rise as overtourism anger grows Nan Palmero and his wife were at a rehearsal dinner in Mexico City's trendy Roma Norte neighborhood, ahead of a wedding of two American friends, when he said they heard a "rumbling" outside. From the restaurant's second story, Palmero described seeing a large group of people moving through the streets, some holding placards, shouting "Gringos leave." He later learned that demonstrators smashed restaurant windows and damaged vehicles, including the new car of his friends' wedding planner — a local resident — he said. "They wrecked her car, they smashed a…

03 Sep

Fed Governor Lisa Cook ‘did not ever commit mortgage fraud,’ her lawyer says

MediaCatalystWorldWorld

Fed Governor Lisa Cook 'did not ever commit mortgage fraud,' her lawyer says Federal Reserve Board Governor Lisa Cook "did not ever commit mortgage fraud," her lawyer Abbe Lowell says in a new court filing . Trump moved to terminate Cook last week after Housing Finance Agency Director Bill Pulte accused her of having committed "mortgage fraud" Cook quickly sued to block her firing . Read full story: Source

03 Sep

What Trump’s tariff loss in court means for shippers and the billions in trade duties collected by U.S. government

MediaCatalystPoliticsBusiness, politics, Tech, World

What Trump's tariff loss in court means for shippers and the billions in trade duties collected by U.S. government Containers are loaded and unloaded from cargo ships at Port Jersey Container Terminal in New Jersey, U.S., May 1, 2025. Anadolu | Anadolu | Getty Images President Donald Trump's trade war suffered a big setback with many of his administration's tariffs ruled illegal by a federal appeals court last Friday. Billions of dollars in trade duties may potentially need to be refunded to businesses as trade deals struck by the White House with other nations are thrown into question. But for…

03 Sep

Australia’s GDP expands more than expected; fastest pace since September 2023

MediaCatalystBusinessBusiness

Australia's GDP expands more than expected; fastest pace since September 2023 The country's GDP grew 1.8% year over year, higher than the 1.6% expected by economists polled by Reuters . Net trade contributed modestly to growth, led by exports of mining commodities . Inflation in Australia came in at 2.1% in second quarter, its lowest since March 2021 . Read full story: Source

03 Sep

Google’s AI stumbles, ChatGPT’s emergence ‘changed the course’ of antitrust case

MediaCatalystTechTech

Google's AI stumbles, ChatGPT's emergence 'changed the course' of antitrust case Federal judge rules Google does not have to divest Google's Chrome browser . Google lost the case last year, but the judge decided that the search giant can keep Chrome . Judge Amit Mehta wrote in a filing that "the emergence of GenAI changed the course of this case" Google's victory is largely the result of the fiercely competitive AI industry . Read full story: Source

03 Sep

Apple shares rise after judge rules Google can continue preload deals in antitrust case

MediaCatalystBusinessBusiness, Tech

Apple shares rise after judge rules Google can continue preload deals in antitrust case A federal judge ruled that Google may continue making payments to preload Google Search onto the iPhone . Apple shares rose more than 3% in extended trading after the ruling . The U.S. Department of Justice filed its suit against Google in 2020, alleging that Google kept its share of the general search market by erecting strong barriers . Read full story: Source

03 Sep

Trump will ask Supreme Court for ‘expedited ruling’ on tariffs appeal

MediaCatalystTechTech

Trump will ask Supreme Court for 'expedited ruling' on tariffs appeal The U.S. Court of Appeals for the Federal Circuit said that Trump does not have the authority to implement most of his tariffs . The court delayed its ruling from taking effect until Oct. 14 to allow the Trump administration time to ask the Supreme Court to take the case and overturn the decision . Read full story: Source