We discuss what Gary Cohn's resignation could mean for President Trump's tariff plan. On Tuesday evening, the White House announced that Trump's top economic adviser was leaving. Cohn is a globalist who had clashed with the president over his proposed tariff on aluminum and steel imports. This news, in addition to fears over a global trade war, caused the markets to drop sharply on Wednesday.
The planned sale of the Weinstein Co. has collapsed yet again, just days after terms were agreed to. An investor group, led by former Small Business Administration head Maria Contreras-Sweet, called off the deal late Tuesday after learning the company was in more debt than previously thought. As part of the deal, the investors would have assumed $225 million in debt from the Weinstein Co. After learning new information about the company's finances, Maria Contreras-Sweet said she was forced to pull the deal.
Cheddar CEO Jon Steinberg talks to Discovery's CEO David Zaslav about the company's acquisition of Scripps. The new company will be called Discovery, Inc. Through this deal Discovery, Inc. now reaches 20% of women watching prime time pay-TV. "People are consuming more content than they ever have," says Zaslav. "The real question is, aside from the traditional ecosystem, who is going to be dominant? Who is going to have a strong seat at the table when it comes to content that is consumed on all these other platforms?" Zaslav believes Discovery Inc. has an advantage over its competitors when it comes to attracting mobile audiences.
And we're also joined by Michael Kramer from Seeking Alpha to explore whether Amazon shares have peaked for this year. The stock recently topped $1,500 for the first time ever. Kramer says if the stock follows the same pattern from years past, it could have already peaked for the year. Moving on to Tesla, Kramer points out how the stock seems to be impervious to bad news. He says investors don't really seem to care that Tesla consistently misses on quarterly earnings. In this sense, Kramer says Tesla has an "Amazon-like quality" to it.
A new poll finds U.S. adults are more likely than they were a year ago to think immigrants in the country legally benefit the economy. That comes as President Donald Trump's administration imposes new restrictions targeting legal pathways into the country. The Associated Press-NORC Center for Public Affairs Research survey finds Americans are more likely than they were in March 2024 to say it’s a “major benefit” that people who come to the U.S. legally contribute to the economy and help American companies get the expertise of skilled workers. At the same time, perceptions of illegal immigration haven’t shifted meaningfully. Americans still see fewer benefits from people who come to the U.S. illegally.
Shares of Tylenol maker Kenvue are bouncing back sharply before the opening bell a day after President Donald Trump promoted unproven and in some cases discredited ties between Tylenol, vaccines and autism. Trump told pregnant women not to use the painkiller around a dozen times during the White House news conference Monday. The drugmaker tumbled 7.5%. Shares have regained most of those losses early Tuesday in premarket trading.
Scott Trench, host of the BiggerPockets Money Podcast, explores how recent rate cuts, high borrowing costs, and mortgage rates are reshaping U.S. real estate.
A look into how disruption, AI, and global economic trends are transforming the modern supply chain with Jeremy Jansen, Head of Supply Chain at Wells Fargo.
Delta CSO Amelia DeLuca reveals at the Fast Co. Innovation Festival how tech, sustainable aviation fuel, and smart operations are revolutionizing air travel.
Chipmaker Nvidia will invest $100 billion in OpenAI as part of a partnership that will add at least 10 gigawatts of Nvidia AI data centers to ramp up the computing power for the owner of the artificial intelligence chatbot ChatGPT.
