QtrendsTrump defends his business dealings and children in a CNBC interview while his crypto ventures brought in over $1 billion last year amid widespread investor losses. Tesla shares plunged to their worst day in a year despite strong delivery numbers, and SpaceX-related fears sent AT&T stock into a multi-year slump. The Japanese yen continues its freefall against a strong dollar, with analysts warning of a carry trade blowup. Ford's CEO warns of a coming crisis as AI eliminates entry-level jobs while skilled trades face severe labor shortages.
President Donald Trump gave an exclusive interview to CNBC, defending his business dealings and addressing questions about his children's involvement in his enterprises. The wide-ranging discussion covered five key takeaways including trade policy, economic outlook, and family business conflicts. Trump also used the platform to criticize current administration policies.
Tesla shares suffered their worst single-day drop in a year despite releasing blowout delivery numbers that exceeded analyst expectations. Separately, AT&T stock plunged into its worst week in years amid market panic triggered by SpaceX-related concerns. The broader market also saw significant losses as the hottest stock markets reversed course sharply.
The Japanese yen has fallen to its lowest level in 40 years against a surging US dollar, raising concerns about a potential blowup of yen carry trade positions. Market analysts warn that the Bank of Japan is falling behind the curve as yen weakness persists. The dollar's sustained strength is creating significant risks for global currency markets and emerging economies.
Despite championing crypto-friendly policies, Trump's personal crypto ventures brought in more than $1 billion last year while many everyday investors suffered significant losses. Financial disclosures reveal Trump earned approximately $1.2 billion from crypto businesses, spanning digital assets, real estate, and luxury watches. The contradiction between Trump's crypto windfall and retail investor losses has drawn sharp criticism.
Ford's CEO has issued a stark warning about a coming 'huge crisis' driven by AI eliminating entry-level positions while skilled trade jobs remain critically unfilled. Forbes reports that AI has fundamentally rewritten the global corporate hierarchy in its latest Global 2000 ranking. Business analysts raise the alarm about who will become tomorrow's leaders when young workers cannot get career-launching positions.