Browsing: Economy

Trump Media & Technology Group, the parent company of Truth Social, former US President Donald Trump’s online platform, began trading on the NASDAQ stock market on Tuesday. Shares rose so quickly they triggered the fail-safe mechanism. 

Starlink satellite communication terminals, manufactured by Elon Musk’s SpaceX for exclusive use on his network, can be purchased illegally in countries where no agreement exists for their use – including nations that are subject to international sanctions, Bloomberg reported on Tuesday.

The price of cocoa beans surged to an all-time high on Tuesday, amid supply constraints in West Africa, which produces about 70% of the crop globally.

The collapse of Baltimore’s Francis Scott Key Bridge, which has cut off ocean routes to the city’s major port, is expected to cause severe disruptions to local transport and logistics, producing ripple effects on global supply chains.

Larry Fink, the head of BlackRock, the world’s largest asset management firm, has warned that demographics will inevitably strain pension systems and that longer lives are projected to force workers to retire later.