While we expect a mild recession followed by a return to growth, we could easily see a severe recession developing if negotiations with key trading partners fail and we get into a cycle of retaliation.
The European Union is reportedly preparing to levy a hefty fine on X, a social network owned by Elon Musk. The fine, which could exceed $1 billion, is expected to be announced this summer.
Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk has publicly voiced his criticism of Trump trade adviser Peter Navarro over President Donald Trump's tariffs. Navarro, however, has denied any feud with Musk.
Renowned cryptocurrency analyst Michaël van de Poppe warned Monday that Bitcoin (CRYPTO: BTC) could test the $70,000 level amid what he described as “Black Monday” panic selling, as global markets experience their worst selloff since March 2020.
