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Mexican President Sheinbaum calls for cooperation while preparing response to Trump’s proposed tariffs

Mexican President Sheinbaum calls for cooperation while preparing response to Trump’s proposed tariffs

Mexican President Claudia Sheinbaum expressed her willingness to engage in dialogue with U.S. President-elect Donald Trump but made it clear that any unilateral trade measures imposed by his administration would be met with reciprocal actions by Mexico. In a letter she plans to send to Trump, Sheinbaum emphasized the need for cooperation and mutual understanding while warning against addressing complex issues such as migration and drug trafficking through threats or punitive tariffs. “It is not through threats or unilateral measures that we can address the migration phenomenon or the issue of drug consumption in the United States,” Sheinbaum stated in…
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Databricks raises billions in funding delays IPO amid AI boom

Databricks raises billions in funding delays IPO amid AI boom

Databricks, one of the most prominent private technology firms in the world, is raising billions of dollars in fresh funding while opting to delay its long-anticipated public offering, sources familiar with the matter told CNBC. The San Francisco-based company is reportedly securing at least $5 billion in its latest funding round, with the potential to raise as much as $8 billion as discussions progress. This new round would push Databricks’ valuation to $55 billion, making it one of the most valuable private tech companies globally. The funding round, according to insiders, is partly designed to allow employees to sell shares,…
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Trump selects Kevin Hassett to head National Economic Council rounding out key economic team

Trump selects Kevin Hassett to head National Economic Council rounding out key economic team

President-elect Donald Trump has appointed Kevin Hassett to lead the National Economic Council (NEC), placing the seasoned economist at the forefront of the administration’s policymaking on trade, taxes, and deregulation. The announcement, made by Trump on his social media platform Truth Social, marks a significant step in finalizing his economic team ahead of inauguration day on January 20. Hassett, who previously served as chairman of the White House Council of Economic Advisers (CEA) during Trump’s first term, is no stranger to the administration’s economic agenda. During his tenure at the CEA, Hassett played a pivotal role in advocating for the…
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Ferrari’s unique position shields it from potential tariff woes in the auto industry

Ferrari’s unique position shields it from potential tariff woes in the auto industry

As President-elect Donald Trump renews his calls for steep tariffs on imports from China, Canada, and Mexico, the global auto industry braces for potential supply chain disruptions and rising costs. However, Ferrari, the iconic Italian luxury automaker, appears uniquely positioned to weather the storm, even as other manufacturers face mounting challenges. Trump’s proposed measures include a 10% tariff on all goods entering the United States from China and a 25% tariff on imports from Canada and Mexico, triggering concerns across industries that rely heavily on global trade. While European automakers have yet to be directly targeted, analysts suggest it may…
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Mbappe struggles as Liverpool dominate Real Madrid in Champions League clash

Mbappe struggles as Liverpool dominate Real Madrid in Champions League clash

Liverpool delivered a commanding performance against Real Madrid in the Champions League on Wednesday, leaving Carlo Ancelotti’s side reeling. Among those facing the most scrutiny was Kylian Mbappe, whose underwhelming display, capped by a missed penalty, added to an already challenging start to his tenure at the Spanish club. With Vinicius Junior sidelined due to injury, the stage seemed set for Mbappe to shine and solidify his place as a cornerstone of Real Madrid’s attack. Instead, the French forward faltered, failing to capitalize on key opportunities and struggling to assert himself against an energetic Liverpool side. Mbappe’s frustration was evident…
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Zoom’s stock dips despite strong quarterly results and optimistic outlook

Zoom’s stock dips despite strong quarterly results and optimistic outlook

Eric Yuan, the founder and CEO of Zoom Communications Inc., addressed the company’s ongoing transformation at the annual Concordia Summit in New York on September 25, 2024. The video conferencing giant, formerly known as Zoom Video Communications, has reported solid financial results for its fiscal third quarter, yet its stock slid 4% in extended trading on Monday due to mixed investor sentiment surrounding its future guidance. Zoom posted results that exceeded Wall Street expectations, showcasing steady growth amid an evolving market for its services. According to financial data from LSEG, the company outperformed analysts’ projections in both earnings per share…
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