https://www.forbes.com/sites/dereksaul/ en-us https://specials-images.forbesimg.com/imageserve/60cd04172ee85c434d37d80b/400x0.jpg?cropX1=359&cropX2=1258&cropY1=753&cropY2=1652 https://www.forbes.com/sites/dereksaul/ Derek Saul's stories. Copyright 2025 Forbes Media LLC https://www.forbes.com/sites/dereksaul/2025/02/15/trump-says-value-added-taxes-will-be-considered-tariffs-what-to-know-about-his-reciprocal-tariff-plan-and-its-inflation-impact/ Trump signed a memo Thursday instructing his top trade advisors to "quickly" analyze reciprocal tariffs. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_67ab860cd6b2b06db6fee053 Sat, 15 Feb 2025 13:27:37 -0500 2025-02-15T14:12:22-05:00 Trump signed a memo Thursday instructing his top trade advisors to "quickly" analyze reciprocal tariffs. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/02/14/trump-will-enact-reciprocal-tariffs-if-he-needs-to-says-treasury-chief-bessent/ “This is not theater,” said Treasury Secretary Scott Bessent about Trump’s reciprocal tariffs, though Bessent indicated there’s plenty of room for trade diplomacy. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_67af54f06604cd7daba4f266 Fri, 14 Feb 2025 09:42:12 -0500 2025-02-14T12:15:12-05:00 “This is not theater,” said Treasury Secretary Scott Bessent about Trump’s reciprocal tariffs, though Bessent indicated there’s plenty of room for trade diplomacy. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/02/13/elon-musk-denies-us-governments-possible-400-million-deal-to-buy-musks-tesla-cybertrucks-heres-what-to-know/ A State Department spokesperson told Forbes the department has “no current plans” to move forward with the potential contract, which was initiated under the Biden administration. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_67ae27ec17d30b693332dbb4 Thu, 13 Feb 2025 12:38:50 -0500 2025-02-13T22:10:01-05:00 A State Department spokesperson told Forbes the department has “no current plans” to move forward with the potential contract, which was initiated under the Biden administration. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/02/12/chevron-will-lay-off-up-to-20-of-employees-impacting-up-to-9100/ “Changes to the organizational structure will improve standardization, centralization, efficiency and results,” explained Chevron Vice Chairman Mark Nelson in a statement. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_67aceabce3f25b2bf818a6f1 Wed, 12 Feb 2025 13:47:02 -0500 2025-02-12T14:11:17-05:00 “Changes to the organizational structure will improve standardization, centralization, efficiency and results,” explained Chevron Vice Chairman Mark Nelson in a statement. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/02/12/inflation-was-3-in-january-as-egg-prices-soared-15/ Prices rose from December to January by the steepest month-over-month margin since August 2023. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_67ac9f6caf9743329dff1f08 Wed, 12 Feb 2025 08:33:36 -0500 2025-02-12T10:10:58-05:00 Prices rose from December to January by the steepest month-over-month margin since August 2023. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/02/11/elon-musks-now-42-billion-poorer-this-month-as-scrutiny-on-trump-ties-grows/ Elon Musk’s “public life risks alienating consumers and employees” at Tesla, remarked Oppenheimer analysts in a Tuesday research note. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_67abb3c2e773f151c71f59da Tue, 11 Feb 2025 15:34:07 -0500 2025-02-11T18:12:32-05:00 Elon Musk’s “public life risks alienating consumers and employees” at Tesla, remarked Oppenheimer analysts in a Tuesday research note. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/02/11/sam-altman-elon-musk-feud-timeline-altman-says-musk-isnt-a-happy-person-after-crazy-openai-offer/ “Probably his whole life is from a position of insecurity — I feel for the guy," OpenAI's Altman said about Musk in a Tuesday interview with Bloomberg. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_6792ab560f70aa556e3fc37f Tue, 11 Feb 2025 08:59:41 -0500 2025-02-11T10:17:02-05:00 “Probably his whole life is from a position of insecurity — I feel for the guy," OpenAI's Altman said about Musk in a Tuesday interview with Bloomberg. Business /business Business /business Artificial Intelligence Artificial Intelligence Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/02/10/gold-hits-new-record-trumps-tariffs-inflation-fears-drive-safe-haven-surge/ Gold is up 44% over the last year, outpacing the S&P 500’s 25% return even in a bull market for stocks. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_67aa69e455170377af6876d6 Mon, 10 Feb 2025 16:09:47 -0500 2025-02-10T16:09:53-05:00 Gold is up 44% over the last year, outpacing the S&P 500’s 25% return even in a bull market for stocks. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/02/10/elon-musks-shaky-public-perception-poses-tesla-sales-obstacle-analyst-says/ Stifel analysts lowered their price target for Tesla stock in response to “the negative downturn in consumers' perception of Elon Musk,” whose role with DOGE has riled some. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_67aa2c2795e0b317a4fa774a Mon, 10 Feb 2025 11:49:39 -0500 2025-02-10T12:15:32-05:00 Stifel analysts lowered their price target for Tesla stock in response to “the negative downturn in consumers' perception of Elon Musk,” whose role with DOGE has riled some. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/02/07/hedge-fund-billionaire-ackman-reveals-23-billion-stake-in-uber-stock-races-to-9-gain/ Uber stock hit its highest level since October after Ackman disclosed his Pershing Square hedge fund accumulated a 1.4% stake in the ride hailer. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_67a657e59d07285815751f57 Fri, 07 Feb 2025 14:01:00 -0500 2025-02-07T14:16:27-05:00 Uber stock hit its highest level since October after Ackman disclosed his Pershing Square hedge fund accumulated a 1.4% stake in the ride hailer. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/02/07/january-jobs-report-reveals-weaker-growth-than-predicted-weakest-start-to-year-since-2016/ Yet the unemployment rate edged down to 4% and wages increased more than expected to a new record. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_67a4e8800b81613f95f4fab7 Fri, 07 Feb 2025 08:33:29 -0500 2025-02-07T12:28:51-05:00 Yet the unemployment rate edged down to 4% and wages increased more than expected to a new record. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/02/05/heres-what-happened-after-elon-musk-cut-80-of-xs-employees-as-he-eyes-reshaping-federal-workforce/ Musk is taking “the same Twitter playbook now with the federal government,” according to the lawyer representing thousands of Twitter workers laid off after Musk took control of the social media company. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_67a3d37de958a6501bbe12bf Wed, 05 Feb 2025 16:14:59 -0500 2025-02-06T12:13:53-05:00 Musk is taking “the same Twitter playbook now with the federal government,” according to the lawyer representing thousands of Twitter workers laid off after Musk took control of the social media company. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/02/05/google-leads-tech-stock-slump-as-earnings-trump-tariffs-fallout-weighs-on-market/ Google’s $200 billion selloff led broader losses as Apple, Tesla and Uber stocks suffered smaller drops. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_67a37ad887004c1ef515a225 Wed, 05 Feb 2025 09:57:25 -0500 2025-02-05T10:12:34-05:00 Google’s $200 billion selloff led broader losses as Apple, Tesla and Uber stocks suffered smaller drops. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/02/04/google-stock-falters-as-earnings-report-reveals-weaker-than-expected-cloud-sales/ Shares of Google parent Alphabet had closed at an all-time high ahead of its fourth-quarter earnings report released Tuesday. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_67a284dca7f58f2c555d667c Tue, 04 Feb 2025 16:23:00 -0500 2025-02-04T18:11:07-05:00 Shares of Google parent Alphabet had closed at an all-time high ahead of its fourth-quarter earnings report released Tuesday. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/02/04/palantir-stock-soars-as-much-as-28-to-all-time-high-becoming-200-billion-company/ The AI-focused Palantir joins a group of less than 50 public American companies worth at least $200 billion, quite the turn of events for the government contractor worth less than $20 billion two years ago. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_67a22d783dd428680dbde0af Tue, 04 Feb 2025 12:57:34 -0500 2025-02-04T16:01:02-05:00 The AI-focused Palantir joins a group of less than 50 public American companies worth at least $200 billion, quite the turn of events for the government contractor worth less than $20 billion two years ago. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/02/04/china-tariffs-heres-what-may-cost-more-in-the-us/ Trump imposed Tuesday an additional 10% levy on the more than $400 billion of Chinese goods exported to the U.S. annually. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_67a25299685b082789706b75 Tue, 04 Feb 2025 12:51:38 -0500 2025-02-04T16:10:17-05:00 Trump imposed Tuesday an additional 10% levy on the more than $400 billion of Chinese goods exported to the U.S. annually. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/02/03/elon-musk-is-the-biggest-loser-from-trumps-tariffs-so-far/ Musk, who last year said “things that inhibit freedom of exchange or distort the market are not good,” became $12 billion poorer Monday. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_67a12636b27941417d6757ae Mon, 03 Feb 2025 15:28:18 -0500 2025-02-03T18:14:04-05:00 Musk, who last year said “things that inhibit freedom of exchange or distort the market are not good,” became $12 billion poorer Monday. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/02/03/apple-nvidia-and-tesla-among-hardest-hit-as-tariffs-drag-down-stock-market/ The S&P 500’s fair valuation will take about a 5% hit from Trump’s tariffs, according to Goldman Sachs. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_67a0d9a6db923519adf61ee6 Mon, 03 Feb 2025 10:01:43 -0500 2025-02-03T18:10:34-05:00 The S&P 500’s fair valuation will take about a 5% hit from Trump’s tariffs, according to Goldman Sachs. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/01/31/stocks-give-up-gains-as-tariffs-loom-nvidias-deepseek-selloff-balloons-back-to-500-billion/ Both Nvidia and Apple stocks turned more than 2.5% morning gains into at least 1.5% losses by late afternoon. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_679cfdf26919c068b5ce4051 Fri, 31 Jan 2025 15:23:37 -0500 2025-01-31T16:13:51-05:00 Both Nvidia and Apple stocks turned more than 2.5% morning gains into at least 1.5% losses by late afternoon. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/01/31/inflation-stayed-at-28-in-december-per-feds-preferred-metric-further-progress-needed-for-rate-cuts/ Core PCE inflation, the Fed’s gold standard of inflation, has been above 2.5% for the last 46 months. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_679cced218cae97ba4c58590 Fri, 31 Jan 2025 08:32:49 -0500 2025-01-31T10:16:58-05:00 Core PCE inflation, the Fed’s gold standard of inflation, has been above 2.5% for the last 46 months. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/01/30/apple-earnings-preview-record-results-expected-with-china-ai-concerns-in-focus/ Apple reported $18.5 billion in sales in greater China last quarter, comfortably below consensus estimates of $20.9 billion. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_679bae17e15d464bdcfa6890 Thu, 30 Jan 2025 16:46:56 -0500 2025-01-30T18:04:49-05:00 Apple reported $18.5 billion in sales in greater China last quarter, comfortably below consensus estimates of $20.9 billion. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/01/30/tesla-stock-somehow-rises-despite-big-earnings-miss-as-musk-predicts-it-will-be-worlds-biggest-company/ Tesla stock's rally "bore no relation whatsoever" to the company's earnings results, according to JPMorgan. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_679a5bff26157076a9640600 Thu, 30 Jan 2025 09:59:38 -0500 2025-01-30T16:13:25-05:00 Tesla stock's rally "bore no relation whatsoever" to the company's earnings results, according to JPMorgan. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/01/30/us-economy-grew-slower-than-expected-last-quarter-weakest-q4-since-2018/ After entering a technical recession in 2022, the U.S. economy has proven resilient even amid high interest rates. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_679b7bfa3422ce1e58d04846 Thu, 30 Jan 2025 08:32:26 -0500 2025-01-30T10:16:56-05:00 After entering a technical recession in 2022, the U.S. economy has proven resilient even amid high interest rates. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/01/29/deepseek-panic-live-updates-nvidia-stock-drops-4-as-trump-reportedly-mulls-china-chip-sale-restrictions/ Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever—but the company faced another selloff Wednesday. Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_67979841fc99593d24cce15f Wed, 29 Jan 2025 16:07:00 -0500 2025-01-29T18:13:23-05:00 Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever—but the company faced another selloff Wednesday. Business /business Business /business Breaking breaking-news Education topline https://www.forbes.com/sites/dereksaul/2025/01/29/federal-reserve-pauses-interest-rate-cuts-first-meeting-without-a-cut-since-july/ Fed chair Jerome Powell said he has not talked with Trump since the president demanded last week “interest rates drop immediately.” Derek Saul, Forbes Staff Derek Saul, Forbes Staff https://www.forbes.com/sites/dereksaul/ content_679a798fce610923eb6abd15 Wed, 29 Jan 2025 14:00:39 -0500 2025-01-29T16:17:23-05:00 Fed chair Jerome Powell said he has not talked with Trump since the president demanded last week “interest rates drop immediately.” Business /business Business /business Breaking breaking-news Education topline