101-year-old shipping company files for Chapter 11 bankruptcy

Crown Prince Mohammed bin Salman of Saudi Arabia is currently overseeing a restructuring of the kingdom's wealth fund after nearly a decade of costly investments that have yielded mixed results. This comes as President Trump welcomed him to the White House, highlighting the ongoing partnership between the two leaders.

The attendance of prominent business leaders at a White House dinner for Saudi Crown Prince Mohammed bin Salman highlights the strengthening ties between the U.S. and Saudi Arabia. President Trump hosted the event, which saw numerous top executives gather to discuss potential collaborations and investments.

US equity futures rose ahead of Nvidia's quarterly earnings report. Goldman Sachs President John Waldron described the recent market pullback as 'healthy.' President Trump announced plans to designate Saudi Arabia as a major non-NATO ally following discussions with Crown Prince Mohammed bin Salman at the White House. Robinhood CIO Stephanie Guild commented on the market's overall downturn.

The CEO of Hyundai stated that the White House has apologized for a recent raid in Georgia, which he described as 'a bad surprise.' Despite this incident, Hyundai plans to continue its investments in the United States. The apology from the White House indicates a recognition of the potential impact such actions can have on foreign businesses operating in the U.S. market.

Elon Musk attended a black-tie dinner at the White House hosted for Saudi Crown Prince Mohammed bin Salman. This appearance is seen as a sign of improving relations between the Saudi leadership and former President Donald Trump, reflecting a potential shift in diplomatic ties. The event underscores the growing partnership between the U.S. and Saudi Arabia, particularly in the context of economic and defense collaborations.

The White House announced that former President Donald Trump and Saudi Crown Prince Mohammed bin Salman have agreed to a $1 trillion investment in the United States. This investment is expected to bolster economic ties between the two nations, reflecting a positive sentiment towards strengthening bilateral relations. The announcement comes amid ongoing discussions on various strategic partnerships, including defense and technology.

A White House official stated that former President Donald Trump would support a sanctions bill against Russia, provided he retains final authority over the decision-making process. This statement highlights Trump's ongoing influence in political matters, particularly regarding U.S.-Russia relations. The potential for sanctions reflects the complex dynamics of international politics and the U.S. government's approach to addressing issues related to Russia.

White House adviser Kevin Hassett stated that the job market is sending mixed signals, indicating uncertainty in employment trends. This commentary comes amid ongoing discussions about economic stability and the Federal Reserve's cautious approach to inflation and employment growth. The mixed signals may reflect broader economic challenges that could affect consumer confidence and spending.