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Cathie Wood: Yes Tesla Brand Damage Has Happened

ARK Invest founder, CEO, and CIO Cathie Wood has told Bloomberg Radio that Tesla’s brand has been hurt by Elon Musk’s involvement in politics. Speaking to Caroline Hepker and Tom Mackenzie on Bloomberg Daybreak Europe, Cathie Wood said, “Brand damage, yes, it has happened.” The comments come just weeks after data showed that Tesla registered only 512 new vehicles in April in the UK.

 » Read more about: Cathie Wood: Yes Tesla Brand Damage Has Happened  »

Chinese Trader Who Made $1.5 Billion on Gold Builds a Giant Bet on Copper

A reclusive Chinese billionaire whose prescient gold trades turned into an eye-catching windfall has now become the country’s biggest copper bull, amassing a bet worth nearly $1 billion in a market jolted by escalating competition between the US and China.

Bian Ximing, who made an early fortune in plastic tubes before seeking a quiet life in Gibraltar,

 » Read more about: Chinese Trader Who Made $1.5 Billion on Gold Builds a Giant Bet on Copper  »

SBI Slashes Fixed Deposit Rates By 20 BPS

Senior citizens and super senior citizens (aged 80 and above) will continue to receive additional interest rate benefits, consistent with the bank’s existing policy for these categories.

State Bank of India (SBI), the country’s largest public sector lender, announced a cut in fixed deposit (FD) interest rates by up to 20 basis points across various tenors,

 » Read more about: SBI Slashes Fixed Deposit Rates By 20 BPS  »

Dairy Queen CEO Recalls Warren Buffett Job Interview: 'He Wanted to Learn From Me'

On 18 May 2025, Dairy Queen CEO Troy Bader reflected on his 2017 job interview with Warren Buffett — the legendary investor set to step down as Berkshire Hathaway’s CEO by the end of the year.

Far from a typical corporate grilling, Bader described the meeting as a conversation shaped by Buffett’s deep curiosity and lifelong passion for learning.

 » Read more about: Dairy Queen CEO Recalls Warren Buffett Job Interview: 'He Wanted to Learn From Me'  »

This Recession Forecasting Tool Hasn't Been Wrong Since 1966 — and It Has a Clear Message for Wall Street

There’s more to forecasting a U.S. recession than meets the eye.

Wall Street hasn’t been hurting for catalysts of late. Following a nearly two-and-a-half-year climb in the Dow Jones Industrial Average (^DJI 0.78%), S&P 500 (^GSPC 0.70%),

 » Read more about: This Recession Forecasting Tool Hasn't Been Wrong Since 1966 — and It Has a Clear Message for Wall Street  »

Asian shares slide and US futures and dollar drop after Wall Street’s winning week

HONG KONG (AP) — Global shares fell Monday and U.S. futures and the dollar also weakened after Moody’s Ratings downgraded the sovereign credit rating for the United States because of its failure to stem a rising tide of debt.

The future for the S&P 500 lost 1.2% while that for the Dow Jones Industrial Average fell 0.8%.

 » Read more about: Asian shares slide and US futures and dollar drop after Wall Street’s winning week  »

Infosys, TCS, Tech Mahindra: IT shares fall most in Monday's volatile trade; here's why

Shares of IT companies were the top losers on Monday after global credit rating agency Moody’s cut rating for long-term issuer and senior unsecured ratings of the United States from AAA to Aa1. The rating cut triggered weak sentiment for the stocks of Indian IT firms. 

Moody’s cited the rise in government debt and interest payment ratios -significantly more than similarly rated sovereigns,

 » Read more about: Infosys, TCS, Tech Mahindra: IT shares fall most in Monday's volatile trade; here's why  »

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