Donald Trump's family is under scrutiny for earning profits during his presidency. Ventures include Melania's documentary deal with Amazon for $40 million. The family also earned from cryptocurrency and plans for an exclusive club in Washington D.C. Donald Trump Jr. will open the club. A private jet gifted from Qatar also raises questions. These activities spark conflict of interest concerns.
Volvo Cars will reduce its workforce by 3,000. This decision comes as the company faces high costs. Electric vehicle demand has slowed down. Trade tariffs are creating uncertainty. The job cuts will mainly affect office-based roles in Sweden. The company aims to cut costs by 18 billion Swedish crowns. Hakan Samuelsson says the industry faces a challenging period.
On May 26, 1927, the Ford Model T officially ended production as Henry Ford and his son Edsel drove the 15 millionth Model T off the Ford assembly line in Highland Park, Michigan.
UBS remains optimistic about gold, anticipating diversification to drive prices higher, with potential for reallocation from US assets. Despite a recent price dip, strong support is expected, fueled by broad demand and limited supply. Credit rating cuts for the US could further boost gold prices, though portfolio allocation strategies depend on individual factors.
Sandip Sabharwal suggests a potentially positive outlook for commercial vehicles due to economic growth and lower interest rates, favoring companies like Ashok Leyland and Mahindra & Mahindra. He expresses caution regarding Balkrishna Industries' entry into the mass-market tire segment, citing potential negative impacts on valuation. Sabharwal also believes that the bullishness is built into the OMC stocks.
Reliance Power shares have surged 22.2% in the last six trading sessions, driven by strong Q4 FY25 results showing a net profit of Rs 126 crore compared to the previous year's loss. Technical indicators, including a 'buy' signal on the Supertrend indicator, have further boosted investor sentiment. The stock has delivered impressive 91.7% returns over the past year.
