Month: January 2025
Trump loses appeals court bid to halt Friday sentencing in hush money case
Former President Donald Trump arrives at Manhattan Criminal Court, Thursday, May 30, 2024, in New York. Seth Wenig | Via Reuters A New York appeals court judge on Tuesday rejected a request by President-elect Donald Trump to delay his criminal sentencing Friday for his conviction in a case related to paying hush money to a […]
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Howard Marks sees cautionary signs of bubble, says investors shouldn’t ignore today’s high valuation
Howard Marks, one of the most respected value investors who famously foresaw the dotcom bubble, is pointing out a handful of red flags in the market like valuation that could mean poor returns over the long term or a sizable decline nearer term. In his latest memo to clients, the co-founder and co-chairman of Oaktree […]
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Honda reveals two new ‘0 Series’ EVs to be produced in Ohio
Honda 0 Saloon & Honda 0 SUV prototypes Honda LAS VEGAS — Honda Motor on Tuesday at the CES tech conference revealed the company’s newest electric vehicles that are set to be produced at a multibillion-dollar manufacturing complex in central Ohio. The vehicles are the Honda 0 Saloon, which is an updated version of a […]
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BMW to install new ‘panoramic’ display in all vehicles
BMW said it will begin installing a new operating system and “panoramic” display in all its new vehicles by the end of 2025. BMW LAS VEGAS — BMW AG will install a new operating system and “panoramic” display in all of its upcoming vehicles, the company said Tuesday. The new BMW Panoramic iDrive system, which […]
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Trump says he will revoke Biden offshore drilling ban on first day in office
A view of offshore oil and gas platform Esther in the Pacific Ocean on January 5, 2025 in Seal Beach, California. Mario Tama | Getty Images President-Elect Donald Trump said Tuesday that he will reverse President Joe Biden’s ban on offshore drilling along most of the U.S. coastline as soon as he takes office. “I’m […]
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Stocks making the biggest moves midday: Getty Images, Tesla, Moderna, Shutterstock and more
Check out the companies making headlines in midday trading. Nvidia — Shares of the artificial intelligent darling slid 5%, reversing course after rising to an all-time high earlier in the session. Nvidia announced new gaming chips for computers that use its Blackwell technology at a conference in Las Vegas. Tuesday’s slide comes after a strong […]
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Bitcoin drops below $98,000 as Treasury yields pressure risk assets
Nicolas Economou | Nurphoto | Getty Images Bitcoin slumped on Tuesday as a spike in Treasury yields weighed on risk assets broadly. The price of the flagship cryptocurrency was last lower by 4.8% at $97,183.80, according to Coin Metrics. The broader market of cryptocurrencies, as measured by the CoinDesk 20 index, dropped more than 5%. […]
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Frontier plans new flights from JFK to big American Airlines hubs Miami, Los Angeles and Dallas
Frontier Airlines Nurphoto | Nurphoto | Getty Images Discount carrier Frontier Airlines is beefing up service in New York, planning new routes to major American Airlines hubs with fares starting under $20. The airline plans to launch service between New York’s John F. Kennedy International Airport and Miami International Airport on March 30. A roundtrip […]
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Puma challenges Tiger Woods’ Sun Day Red logo
Puma logo (L) and Sun Day Red Tiger logo (R) Source: U.S. Patent and Trademark Office Sun Day Red is not out of the woods yet in regard to trademarking its logo. Footwear giant Puma filed a last-minute notice of opposition against Tiger Woods’ logos tied to his Sun Day Red brand, according to a […]
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Panera Brands CEO steps down, CFO to fill in as interim chief
A Panera Bread restaurant in Miami Beach, Florida, Nov. 8, 2017. Joe Raedle | Getty Images Panera Bread’s parent company announced Tuesday that CEO Jose Dueñas is stepping down, effective immediately. The change in leadership is the latest challenge to the company’s plans to go public eventually, following several years of hurdles. Panera Brands CFO […]
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