Bullion gold peaked at $3,508.90 per ounce on Wednesday as investors turned to safer assets amid economic uncertainty caused by Trump’s sweeping tariffs. However, the 90-day pause on reciprocal tariffs and optimism that the U.S. will manage to negotiate new deals with its trade partners is changing that approach. 

Gold is now down 5% from its record highs and is trading at $3,295.80 per ounce amid a profit-taking selloff. Investors are turning once again towards riskier assets while there is also belief that gold’s recent rally might have been too fast for the market to handle.

Meanwhile, promising signs that the U.S. and China will ease their trade war had a positive influence on the plummeting U.S. dollar. While being on track to have its biggest monthly slide in more than two years, the dollar seemed to have found a steady point in recent days.

The traders are standing pat in expectations of major US economic data, which are slated to be released this week. The US Dollar Index, which measures the value of U.S. currency against a basket of six major foreign currencies, is currently sitting at 99.58.

The post Gold Continues to Drop From Record Highs, Dollar Ends Its Slide appeared first on theprimarymarket.com.

ByteDance initially had a deadline of January 19 to sell TikTok in the U.S. or face a ban on national security grounds. However, President Donald Trump signed an executive order to postpone the deadline for 75 days with the intention of working out a deal that would see American owners take control of TikTok.

According to a report by the New York Times, Amazon signaled its intention to buy TikTok earlier this week by sending a letter to Vice President JD Vance and Commerce Secretary Howard Lutnick. However, due to the nature and timing of the bid, the parties involved in negotiations are not taking it seriously.

Amazon’s interest in TikTok shouldn’t come as a surprise. TikTok is establishing itself as an emerging e-commerce platform while the two companies already have an established partnership that allows users to make purchases on Amazon through their TikTok app.

Cloud giant Oracle and alternative investor Blackstone are currently considered among the most serious bidders for TikTok. Sources close to negotiations say that a potential deal involving these two companies would allow ByteDance to keep an unspecified stake while also being provided with additional investments from its existing U.S. shareholders.   

The post Amazon Makes an Offer to Buy TikTok in the U.S. appeared first on theprimarymarket.com.

The Fed’s benchmark borrowing rate is currently set at 4.25% to 4.5%, remaining unchanged since January. The future rate cuts are expected to amount to half a percentage point, bringing the rate to 3.75% to 4% range for the first time since November 2022.

The officials also shared their views on economic growth and inflation in the wake of recent tariff policy changes. They now expect slower economic growth and expect inflation to spike up to 2.7% compared to the current level of 2.5%.

Speaking at a press conference after the meeting, Federal Reserve Chair Jerome Powell indicated that the Fed’s stance on rates will continue to be based on the economic indicators.  

“If the economy remains strong, and inflation does not continue to move sustainably toward 2%, we can maintain policy restraint for longer,” Powell said. “If the labor market were to weaken unexpectedly, or inflation were to fall more quickly than anticipated, we can ease policy accordingly.”

The stock market reacted positively to the news, with Dow Jones Industrial Average futures jumping by 0.2%. S&P 500 futures ticked up by 0.3% as did futures attached to Nasdaq Composite.

The post Federal Reserve Keeps Interest Rates Intact, But Still Predicts Two Cuts in 2025 appeared first on theprimarymarket.com.

TikTok previously became the subject of a law that required its China-based parent company ByteDance to sell the social media platform in the U.S. or be shut down. It was temporarily banned in mid-January before being given an additional 75 days to find a buyer.

Several investors showed interest in buying TikTok’s U.S. assets in recent months, with Project Liberty emerging as one of the most prominent suitors. The non-profit was founded in 2021 with the intention to “construct a new internet infrastructure” and develop “technology that serves the common good.”

McCourt previously stated that his primary goal with TikTok’s bid is to protect the personal data of the platform’s users in the United States. If he manages to acquire TikTok, he intends to employ a technology that would allow users to decide by themselves how their data will be used and shared. 

With Ohanian on board, Project Liberty’s bid gains further legitimacy and opens up new ways for funding.

“His unique vision and deep personal commitment to user empowerment through social media platforms align perfectly with our transformative approach. His endorsement of Frequency underscores its potential to redefine the internet. We are excited to have him on board as we work to usher in a new and better chapter for TikTok, and turn the momentum created from The People’s Bid into building The People’s Internet,” McCourt said in a statement.

The post Reddit Co-Founder Alexis Ohanian Joins Project Liberty’s Bid for TikTok appeared first on theprimarymarket.com.

Broadcom is interested in Intel’s chip design and marketing division and has already held internal discussions about a possible approach. However, the Palo Alto, California-headquartered company would only be interested in pulling the trigger on the deal if it finds a partner that would take on the manufacturing division of Intel.

On the other hand, TSMC, which is considered the world’s largest contract semiconductor manufacturer, is believed to be exploring a deal that would give it control of Intel’s chip plants. The exact pathway towards achieving that goal, with investor consortium being one of the options, is yet to be determined.

Frank Yeary, the interim executive chairman of Intel, is currently in charge of the talks with potential suitors. Yeary’s ultimate goal is reportedly to find a deal that would provide the most value to the company’s shareholders.

Once a dominant force in the semiconductor industry, Intel is now considered well behind its main competitors. The company failed to make a timely transition to artificial intelligence chips, causing its profits to shrink.

In an attempt to turn things around, the company started operating its chip design and manufacturing divisions as separate entities. However, the move has yet to give desired results.

Intel stock plummeted as a result of the company’s struggles, losing more than 60% of its value in 2024. The stock closed at $23.60 per share on Friday.

The post Broadcom and TSMC Eyeing to Split Rival Intel in Separate Deals appeared first on theprimarymarket.com.

Wall Street’s benchmark index S&P 500 was up by nearly 1%, trading above 6,100 and beating a prior record it hit back in December. It was also a good day for the Dow Jones Industrial Index, which gained 127 points, inching towards 44,200.

Several factors contributed to the S&P 500’s record-breaking boost, including the recent rise of the Netflix stock. Its shares jumped by 11% after the streaming giant’s strong quarterly performance, followed by an increase in prices for most of its service plans.

The launch of the $500 billion AI infrastructure venture “The Stargate Project” earlier this week also helped the S&P 500 soar. Oracle experienced a 7% rise, while Softbank’s US-listed shares added 10%. They’re two of the partners involved in Stargate, along with OpenAI and MGX. Three tech giants set to handle Stargate’s technology also experienced a boost –  Nvidia added 4.1%, Arm Holdings surged 14%, and Microsoft was up 3.9%.

The post S&P 500 Hits a Record High Due to Boost in Tech Stocks appeared first on theprimarymarket.com.

According to the letter, the move is part of the Back to Starbucks turnaround plan and will help the company operate more efficiently. The job eliminations will lead to smaller support teams but won’t affect in-store workers or “the investments we are making in store hours.”

The affected employees will be informed about the decision in early March.

“I do not take these decisions lightly, and I appreciate that this will create uncertainty and concern between now and then. I wanted to be transparent about our progress and our plans and ensure that you hear about this work directly from me,” Niccol said in the letter.

Since taking over as Starbucks’ CEO in September, Niccol announced a series of changes that are aimed to improve the company’s slumping business. This includes revamping Starbucks locations in the U.S., adding a more personal touch to interaction with customers, reducing waiting time to four minutes or less, and simplifying the menu.

Starbucks’ stock remained mostly flat on Friday, closing at $95.13. The company’s shares have been 3.21% up since the start of the year.

The post Starbucks CEO Announces Wave of Corporate Layoffs in March appeared first on theprimarymarket.com.

Lululemon previously projected sales between $3.48 billion and $3.51 billion and profit per share between $5.56 and $5.64. Now, the company expects to see growth between 11% and 12%, net revenue between $3.56 billion and $3.58 billion, and profit per share between $5.81 and $5.85.

Lululemon’s chief financial officer (CFO), Meghan Frank, said on Monday that shoppers responded “well” to the company’s holiday product offerings.

“During the holiday season, our guests responded well to our product offering, enabling us to increase our fourth quarter guidance,” Frank shared in a statement.

Abercrombie & Fitch is also more optimistic about its holiday quarter results. The company stated it projects sales growth between 7% and 8% after previously forecasting growth between 5% and 7%.

Investors responded favorably to Lululemon’s adjusted guidance, sending its stock up by 2.40% in premarket trading on Monday. The company’s shares previously closed at $395.47, being 3.25% up since the start of 2025.

Abercrombie & Fitch, on the other hand, didn’t give investors much confidence due to the overwhelming belief that the company has little room for growth. Its stock sank 9.89% in premarket trading compared to Friday’s close of $160.92 per share.

The post Lululemon and Abercrombie & Fitch Raise Quarterly Forecasts Amid Strong Holiday Season appeared first on theprimarymarket.com.

According to the agreement between the two companies, Disney will own 70% of the new entity, while the existing shareholders will own 30%. Fubo TV co-founder and CEO, David Gandler, will serve as the top executive in the new company.

“We are delighted by today’s outcomes,” Gandler said in a statement. “Increased scale means we have the flexibility to pursue diverse growth strategies, opening up a range of opportunities, both domestically and internationally.”

Fubo TV offers its users streaming access to more than 100 channels, most of which are focused on sports programming. The company had 1.6 million paying subscribers in North America alone and close to 2 million subscribers globally.

Hulu+ Live, on the other hand, has 90+ channels focusing on sports, entertainment, news, and more. It reached 4.6 million subscribers in 2024.

The combined company, which will keep the ticker Fubo, will have 6.2 million subscribers and an estimated revenue of $6 billion.

Fubo TV stock jumped by 240.28% at one point on Monday, trading at $4.90 per share.

The post FuboTV Stock Jumps 240% After Merger With Disney’s Hulu + Live TV appeared first on theprimarymarket.com.

According to Reuters, Messi serves as the chairman of the REIT Edificio Rostower Socimi, while his investment vehicle, Limecu Espana 2010, is its only shareholder. However, Rostower is expected to become open to new investors in the near future.

Rostower is listed on the Portfolio Stock Exchange, a small, digital-only stock exchange in Spain. Its share price was €57.40 ($59.57) on December 30th, and it has yet to be traded.

Rostower’s portfolio includes seven hotels, several commercial office spaces, and several apartments in Spain, Paris, France, and London, UK. The documents show that the company was founded in 2013 and posted losses in the past two years, including $1.76 million in losses in 2023.

Lionel Messi spent the majority of his professional soccer career in Spain, playing for Catalan powerhouse Barcelona. He is currently playing in the United States with MLS club Inter Miami. Messi earned an estimated $1.3 billion from wages and sponsorships over the course of his career. He is currently earning $20 million on an annual basis from his contract with Inter.

The post Soccer Star Lionel Messi Lists His Real Estate Properties on Spanish Stock Exchange appeared first on theprimarymarket.com.

Bullion gold peaked at $3,508.90 per ounce on Wednesday as investors turned to safer assets amid economic uncertainty caused by Trump’s sweeping tariffs. However, the 90-day pause on reciprocal tariffs and optimism that the U.S. will manage to negotiate new deals with its trade partners is changing that approach. 

Gold is now down 5% from its record highs and is trading at $3,295.80 per ounce amid a profit-taking selloff. Investors are turning once again towards riskier assets while there is also belief that gold’s recent rally might have been too fast for the market to handle.

Meanwhile, promising signs that the U.S. and China will ease their trade war had a positive influence on the plummeting U.S. dollar. While being on track to have its biggest monthly slide in more than two years, the dollar seemed to have found a steady point in recent days.

The traders are standing pat in expectations of major US economic data, which are slated to be released this week. The US Dollar Index, which measures the value of U.S. currency against a basket of six major foreign currencies, is currently sitting at 99.58.

The post Gold Continues to Drop From Record Highs, Dollar Ends Its Slide appeared first on theprimarymarket.com.

ByteDance initially had a deadline of January 19 to sell TikTok in the U.S. or face a ban on national security grounds. However, President Donald Trump signed an executive order to postpone the deadline for 75 days with the intention of working out a deal that would see American owners take control of TikTok.

According to a report by the New York Times, Amazon signaled its intention to buy TikTok earlier this week by sending a letter to Vice President JD Vance and Commerce Secretary Howard Lutnick. However, due to the nature and timing of the bid, the parties involved in negotiations are not taking it seriously.

Amazon’s interest in TikTok shouldn’t come as a surprise. TikTok is establishing itself as an emerging e-commerce platform while the two companies already have an established partnership that allows users to make purchases on Amazon through their TikTok app.

Cloud giant Oracle and alternative investor Blackstone are currently considered among the most serious bidders for TikTok. Sources close to negotiations say that a potential deal involving these two companies would allow ByteDance to keep an unspecified stake while also being provided with additional investments from its existing U.S. shareholders.   

The post Amazon Makes an Offer to Buy TikTok in the U.S. appeared first on theprimarymarket.com.

The Fed’s benchmark borrowing rate is currently set at 4.25% to 4.5%, remaining unchanged since January. The future rate cuts are expected to amount to half a percentage point, bringing the rate to 3.75% to 4% range for the first time since November 2022.

The officials also shared their views on economic growth and inflation in the wake of recent tariff policy changes. They now expect slower economic growth and expect inflation to spike up to 2.7% compared to the current level of 2.5%.

Speaking at a press conference after the meeting, Federal Reserve Chair Jerome Powell indicated that the Fed’s stance on rates will continue to be based on the economic indicators.  

“If the economy remains strong, and inflation does not continue to move sustainably toward 2%, we can maintain policy restraint for longer,” Powell said. “If the labor market were to weaken unexpectedly, or inflation were to fall more quickly than anticipated, we can ease policy accordingly.”

The stock market reacted positively to the news, with Dow Jones Industrial Average futures jumping by 0.2%. S&P 500 futures ticked up by 0.3% as did futures attached to Nasdaq Composite.

The post Federal Reserve Keeps Interest Rates Intact, But Still Predicts Two Cuts in 2025 appeared first on theprimarymarket.com.

TikTok previously became the subject of a law that required its China-based parent company ByteDance to sell the social media platform in the U.S. or be shut down. It was temporarily banned in mid-January before being given an additional 75 days to find a buyer.

Several investors showed interest in buying TikTok’s U.S. assets in recent months, with Project Liberty emerging as one of the most prominent suitors. The non-profit was founded in 2021 with the intention to “construct a new internet infrastructure” and develop “technology that serves the common good.”

McCourt previously stated that his primary goal with TikTok’s bid is to protect the personal data of the platform’s users in the United States. If he manages to acquire TikTok, he intends to employ a technology that would allow users to decide by themselves how their data will be used and shared. 

With Ohanian on board, Project Liberty’s bid gains further legitimacy and opens up new ways for funding.

“His unique vision and deep personal commitment to user empowerment through social media platforms align perfectly with our transformative approach. His endorsement of Frequency underscores its potential to redefine the internet. We are excited to have him on board as we work to usher in a new and better chapter for TikTok, and turn the momentum created from The People’s Bid into building The People’s Internet,” McCourt said in a statement.

The post Reddit Co-Founder Alexis Ohanian Joins Project Liberty’s Bid for TikTok appeared first on theprimarymarket.com.

Broadcom is interested in Intel’s chip design and marketing division and has already held internal discussions about a possible approach. However, the Palo Alto, California-headquartered company would only be interested in pulling the trigger on the deal if it finds a partner that would take on the manufacturing division of Intel.

On the other hand, TSMC, which is considered the world’s largest contract semiconductor manufacturer, is believed to be exploring a deal that would give it control of Intel’s chip plants. The exact pathway towards achieving that goal, with investor consortium being one of the options, is yet to be determined.

Frank Yeary, the interim executive chairman of Intel, is currently in charge of the talks with potential suitors. Yeary’s ultimate goal is reportedly to find a deal that would provide the most value to the company’s shareholders.

Once a dominant force in the semiconductor industry, Intel is now considered well behind its main competitors. The company failed to make a timely transition to artificial intelligence chips, causing its profits to shrink.

In an attempt to turn things around, the company started operating its chip design and manufacturing divisions as separate entities. However, the move has yet to give desired results.

Intel stock plummeted as a result of the company’s struggles, losing more than 60% of its value in 2024. The stock closed at $23.60 per share on Friday.

The post Broadcom and TSMC Eyeing to Split Rival Intel in Separate Deals appeared first on theprimarymarket.com.

Wall Street’s benchmark index S&P 500 was up by nearly 1%, trading above 6,100 and beating a prior record it hit back in December. It was also a good day for the Dow Jones Industrial Index, which gained 127 points, inching towards 44,200.

Several factors contributed to the S&P 500’s record-breaking boost, including the recent rise of the Netflix stock. Its shares jumped by 11% after the streaming giant’s strong quarterly performance, followed by an increase in prices for most of its service plans.

The launch of the $500 billion AI infrastructure venture “The Stargate Project” earlier this week also helped the S&P 500 soar. Oracle experienced a 7% rise, while Softbank’s US-listed shares added 10%. They’re two of the partners involved in Stargate, along with OpenAI and MGX. Three tech giants set to handle Stargate’s technology also experienced a boost –  Nvidia added 4.1%, Arm Holdings surged 14%, and Microsoft was up 3.9%.

The post S&P 500 Hits a Record High Due to Boost in Tech Stocks appeared first on theprimarymarket.com.

According to the letter, the move is part of the Back to Starbucks turnaround plan and will help the company operate more efficiently. The job eliminations will lead to smaller support teams but won’t affect in-store workers or “the investments we are making in store hours.”

The affected employees will be informed about the decision in early March.

“I do not take these decisions lightly, and I appreciate that this will create uncertainty and concern between now and then. I wanted to be transparent about our progress and our plans and ensure that you hear about this work directly from me,” Niccol said in the letter.

Since taking over as Starbucks’ CEO in September, Niccol announced a series of changes that are aimed to improve the company’s slumping business. This includes revamping Starbucks locations in the U.S., adding a more personal touch to interaction with customers, reducing waiting time to four minutes or less, and simplifying the menu.

Starbucks’ stock remained mostly flat on Friday, closing at $95.13. The company’s shares have been 3.21% up since the start of the year.

The post Starbucks CEO Announces Wave of Corporate Layoffs in March appeared first on theprimarymarket.com.

Lululemon previously projected sales between $3.48 billion and $3.51 billion and profit per share between $5.56 and $5.64. Now, the company expects to see growth between 11% and 12%, net revenue between $3.56 billion and $3.58 billion, and profit per share between $5.81 and $5.85.

Lululemon’s chief financial officer (CFO), Meghan Frank, said on Monday that shoppers responded “well” to the company’s holiday product offerings.

“During the holiday season, our guests responded well to our product offering, enabling us to increase our fourth quarter guidance,” Frank shared in a statement.

Abercrombie & Fitch is also more optimistic about its holiday quarter results. The company stated it projects sales growth between 7% and 8% after previously forecasting growth between 5% and 7%.

Investors responded favorably to Lululemon’s adjusted guidance, sending its stock up by 2.40% in premarket trading on Monday. The company’s shares previously closed at $395.47, being 3.25% up since the start of 2025.

Abercrombie & Fitch, on the other hand, didn’t give investors much confidence due to the overwhelming belief that the company has little room for growth. Its stock sank 9.89% in premarket trading compared to Friday’s close of $160.92 per share.

The post Lululemon and Abercrombie & Fitch Raise Quarterly Forecasts Amid Strong Holiday Season appeared first on theprimarymarket.com.

According to the agreement between the two companies, Disney will own 70% of the new entity, while the existing shareholders will own 30%. Fubo TV co-founder and CEO, David Gandler, will serve as the top executive in the new company.

“We are delighted by today’s outcomes,” Gandler said in a statement. “Increased scale means we have the flexibility to pursue diverse growth strategies, opening up a range of opportunities, both domestically and internationally.”

Fubo TV offers its users streaming access to more than 100 channels, most of which are focused on sports programming. The company had 1.6 million paying subscribers in North America alone and close to 2 million subscribers globally.

Hulu+ Live, on the other hand, has 90+ channels focusing on sports, entertainment, news, and more. It reached 4.6 million subscribers in 2024.

The combined company, which will keep the ticker Fubo, will have 6.2 million subscribers and an estimated revenue of $6 billion.

Fubo TV stock jumped by 240.28% at one point on Monday, trading at $4.90 per share.

The post FuboTV Stock Jumps 240% After Merger With Disney’s Hulu + Live TV appeared first on theprimarymarket.com.

According to Reuters, Messi serves as the chairman of the REIT Edificio Rostower Socimi, while his investment vehicle, Limecu Espana 2010, is its only shareholder. However, Rostower is expected to become open to new investors in the near future.

Rostower is listed on the Portfolio Stock Exchange, a small, digital-only stock exchange in Spain. Its share price was €57.40 ($59.57) on December 30th, and it has yet to be traded.

Rostower’s portfolio includes seven hotels, several commercial office spaces, and several apartments in Spain, Paris, France, and London, UK. The documents show that the company was founded in 2013 and posted losses in the past two years, including $1.76 million in losses in 2023.

Lionel Messi spent the majority of his professional soccer career in Spain, playing for Catalan powerhouse Barcelona. He is currently playing in the United States with MLS club Inter Miami. Messi earned an estimated $1.3 billion from wages and sponsorships over the course of his career. He is currently earning $20 million on an annual basis from his contract with Inter.

The post Soccer Star Lionel Messi Lists His Real Estate Properties on Spanish Stock Exchange appeared first on theprimarymarket.com.