Month: January 2025
European markets head for higher open anticipating ECB rate cut; Shell and Deutsche Bank earnings on deck
European markets were set to open higher Thursday as investors await key earnings, economic data and the European Central Bank’s latest monetary policy decision. The U.K.’s FTSE 100 index is expected to open 2 points lower at 8,555, Germany’s DAX up 24 points at 21,649, France’s CAC up 25 points at 7,892 and Italy’s FTSE MIB […]
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American Airlines regional jet collides midair with helicopter, FAA says
Travelers wearing protective masks walk through Ronald Reagan National Airport (DCA) in Arlington, Virginia, U.S., on Tuesday, May 25, 2021. Stefani Reynolds | Bloomberg | Getty Images An American Airlines regional jet collided with a helicopter near Reagan National Airport, the Federal Aviation Administration said. “Confirmed small aircraft down in Potomac River vicinity Reagan National […]
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Tesla reports $600 million bitcoin profit jump after digital assets rule change
Musk had previously said in June he was leaning towards supporting DeSantis for president in 2024. Joe Skipper | Reuters Tesla‘s bitcoin holdings led to a big pop in reported net income for the fourth quarter because of a new rule change in how companies account for digital assets. After showing a carrying value of […]
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SoftBank in talks to invest up to $25 billion in OpenAI
OpenAI CEO Sam Altman, accompanied by U.S. President Donald Trump, Oracle CTO Larry Ellison (R), and SoftBank CEO Masayoshi Son (2nd-R), speaks during a news conference in the Roosevelt Room of the White House on January 21, 2025 in Washington, DC. Andrew Harnik | Getty Images SoftBank is in talks to invest up to $25 […]
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Zuckerberg says Meta won’t slow down AI spend despite DeepSeek’s breakthrough
Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta CEO Mark Zuckerberg on Wednesday said it’s too early to tell what impact DeepSeek’s breakthrough AI model will have on his company and the broader […]
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India’s finance minister faces a tough choice crafting the annual budget — boost growth or cut deficit?
Nirmala Sitharaman, India’s finance minister, leaves the ministry to present the budget at the parliament in New Delhi, India, on July 23, 2024. Bloomberg | Bloomberg | Getty Images As the Indian government walks a tight rope between fiscal prudence and reviving growth, experts suggest it will likely favor cutting deficit in its annual budget […]
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Japan stocks track Wall Street declines overnight; most Asia markets closed for holiday
People walking in George St on a sunny day with the Sydney Town Hall building in the background. Xavierarnau | E+ | Getty Images Australian markets climbed Thursday, breaking ranks with Wall Street that fell overnight as the Federal Reserve kept interest rates unchanged. Several Asia-Pacific markets were closed for the Lunar New Year holiday. The […]
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Tesla’s CFO says tariffs would ‘have an impact’ on company’s profitability
U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, on Nov. 19, 2024. Brandon Bell | Via Reuters President Donald Trump campaigned on a promise to slap tariffs on goods from many top trading partners. Elon Musk’s electric vehicle company may […]
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Stock futures are little changed after Meta Platforms, Tesla report earnings: Live updates
Traders work at the New York Stock Exchange on Jan. 29, 2025. NYSE U.S. stock futures hovered the flatline Wednesday night as Wall Street digested recent quarterly results from a slew of megacap tech companies. Investors are also coming off a losing session after the Federal Reserve held steady on rates. S&P 500 futures and […]
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‘I lost purpose’: At 27, he sold his company for $100 million — now, he says it’s changed his view on money
Jake Kassan, co-founder of MVMT Watches. Courtesy of Jake Kassan When Jake Kassan sold his company for $100 million at the age of 27, he thought the money would make him happy. Though it did temporarily, it eventually took away his sense of purpose and threw him into cycles of anxiety and depression, he said. […]
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