Gary Black, managing partner at The Future Fund and a former Wall Street executive, recently sold his remaining Tesla shares, steering clients away before a selloff triggered by Elon Musk’s public spat with Donald Trump. Black had initially embraced Tesla in 2021, making it a central holding in his ETF. However, he started reducing exposure…
Author: Casey Bennett
Casey Bennett brings over 15 years of newsroom experience to their role as Editor-in-Chief at Report Herald. A firm believer that journalism should challenge the status quo, Casey has led award-winning investigations into government accountability, education reform, and media ethics.
Wall Street Sounds Alarm as Tariffs Threaten U.S. Dollar Dominance and Economic Stability
Wall Street is increasingly alarmed about the potential erosion of America’s superpower status. Since the reimplementation of President Trump’s aggressive tariff policies earlier this year, top executives and financial leaders have been thrust into a period of deep economic uncertainty. These tariffs have created not only volatility in markets but also strained international alliances and…
Crypto Stalls as Asia Stocks Jump on Trade Talks, Bitcoin Network Activity Declines Sharply
Major cryptocurrencies, including Bitcoin, showed limited bullish movement on Monday despite a surge in Asian equities fueled by renewed optimism over U.S.-China trade talks. Bitcoin traded flat-to-negative around $105,650, forming a doji candle—an indicator of market indecision. Data from Blockchain.com indicated a significant slowdown in Bitcoin network activity, with daily on-chain transactions hitting their lowest…
China’s Deepening Deflation Sparks Alarm as Price Wars and Trade Tensions Undermine Economic Recovery
China’s economy is experiencing deepening deflation, with May marking the worst producer price drop in nearly two years. The Producer Price Index (PPI) fell 3.3% year-on-year, surpassing April’s 2.7% decline and hitting its deepest contraction in 22 months. This trend reflects the ongoing challenges of a prolonged property market slump and rising global trade tensions,…
Man Forced to Use Bin Bag After Airline Rejects Approved Suitcase Despite Meeting Size Limits
Benjamin Till’s attempt to avoid baggage fees for his trip to Pisa led him on a determined search for a suitcase that would meet EasyJet’s free underseat bag size limit. After careful measuring with a tape measure and visiting several stores, he found a case he believed fit within the airline’s requirements. However, at London…
Salmonella Outbreak Linked to August Egg Company Triggers Recall of 1.7 Million Dozen Eggs
More than 70 people across seven states have been sickened due to a salmonella outbreak tied to eggs distributed by California-based August Egg Company. The US Centers for Disease Control and Prevention (CDC) reported the outbreak, prompting the company to recall 1.7 million dozen brown cage-free and certified organic eggs that could be contaminated. Infected…
Midea Recalls 1.7 Million Top-Rated Air Conditioners Over Mold Risk and Health Concerns
Midea, a home appliance manufacturer known for producing top-rated window air conditioners, has recalled approximately 1.7 million units due to potential mold growth that can lead to respiratory and health issues. The affected units include models that were highly praised by The New York Times, such as the Midea U and U+ series, which were…
Retail Investors Rally Behind Tesla After Trump-Musk Clash Triggers Stock Plunge
Retail investors quickly capitalized on the sharp drop in Tesla stock following a dramatic public fallout between U.S. President Donald Trump and Tesla CEO Elon Musk. The clash, triggered by Trump’s threat to cut off government contracts with Musk’s companies, unfolded across social media and sent shockwaves through the market. The dispute centered on the…
Circle Soars 168% in Market Debut as Stablecoin Hopes and Regulatory Tailwinds Spark Investor Frenzy
Circle Internet Group made a striking entrance into the public market on Thursday, with its shares skyrocketing by 168% following its initial public offering. Priced at $31 per share, well above the anticipated range, the stock opened at $69 and surged to a high of $103.75 during the day. The offering raised nearly $1.1 billion…
RBI Slashes Interest Rates to 5.5% as Growth Slows and Inflation Dips to Six-Year Low
India’s central bank, the Reserve Bank of India (RBI), has lowered interest rates by half a percent, marking the third consecutive cut amid slowing inflation and economic growth. The repo rate now stands at 5.5%, the lowest level in three years. This rate determines how much banks pay to borrow money from the RBI, directly…