News

European nations are accelerating their military spending in response to a perceived decline in US commitment to defend the continent in future conflicts. This shift is reflected in soaring defense company stocks and growing calls from both European leaders and strategists for a more autonomous, united European security strategy.

23andMe has filed for Chapter 11 bankruptcy protection as the company looks to optimize its sale process amid ongoing challenges in finding a sustainable business model. The announcement also comes with the immediate resignation of CEO Anne Wojcicki and follows significant organizational changes including workforce cuts and shifts in strategic direction.

Wall Street experienced another turbulent week as investors grappled with ongoing uncertainty surrounding President Trump's tariffs, leading to significant declines across all major indexes. Despite a near one-month delay on USMCA-covered products, the Dow Jones Industrial Average fell 0.99%, the S&P 500 dropped 1.78%, and the Nasdaq entered correction territory, down 2.61%.

Samsung Electronics co-CEO Han Jong-Hee passed away at the age of 63 due to cardiac arrest, leaving his colleague Jun Young-Hyun to assume sole CEO responsibilities. Han was widely recognized for his contributions in advancing Samsung’s TV, electronics, and mobile devices businesses, amid challenges in the semiconductor industry.

America's economic engine is sputtering as consumer confidence plummets, debt burdens rise, and spending pulls back due to high inflation, interest rates, and the Trump administration's unpredictable policies. This cautiousness, particularly among lower-income and younger consumers, could lead to a slowdown in economic growth if the uncertainty persists.