Day: February 7, 2025
Anduril in talks to raise money at $28 billion valuation as defense-tech booms
Anduril, the defense-tech startup founded by Palmer Luckey, has signed a term sheet to raise capital at a $28 billion valuation, according to people familiar with the matter. The company is planning to raise up to $2.5 billion in the round, said the people who asked not to be named because the details are confidential. […]
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Judge pauses Trump plan to put USAID staff on leave
A worker removes the U.S. Agency for International Development sign on their headquarters on Feb. 7, 2025 in Washington, DC. Kayla Bartkowski | Getty Images A federal judge on Friday said he would temporarily pause the Trump administration’s plan to place thousands of workers at the U.S. Agency for International Development on administrative leave. About 2,200 USAID employees […]
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Hims & Hers faces scrutiny from senators on Super Bowl ad that ‘risks misleading’ patients
Hims & Hers is facing scrutiny from lawmakers over an advertisement for its weight loss offerings that’s slated to run during the Super Bowl on Sunday. Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kan., wrote a letter to the U.S. Food and Drug Administration on Friday expressing concerns over an “upcoming advertisement” that “risks misleading […]
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Beauty stocks post major losses after a week of worrying results
An Estee Lauder counter is seen on the floor of a department store in Brooklyn on Feb. 5, 2025 in New York City. Spencer Platt | Getty Images Several beauty stocks posted major losses this week, as companies like E.l.f. Beauty and Estee Lauder reported disappointing earnings and cut guidance. E.l.f. closed out its worst […]
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Trump says Nippon will invest heavily in U.S. Steel rather than purchase the company
US President Donald Trump (R) and Japanese Prime Minister Shigeru Ishiba hold a joint press conference in the East Room of the White House in Washington, DC, on February 7, 2025. Jim Watson | Afp | Getty Images President Donald Trump on Friday said Japan’s Nippon Steel will invest heavily in U.S. Steel rather than […]
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Stocks making the biggest moves midday: Amazon, Expedia, Pinterest, Skechers and more
Check out the companies making headlines in midday trading: Expedia — Shares of the online travel company soared 17.6% after Expedia’s fourth-quarter results outpaced Wall Street expectations. Expedia posted adjusted earnings of $2.39 per share on revenue of $3.18 billion, exceeding analysts’ expectations for $2.04 per share in profit on $3.07 billion in revenue, according […]
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Pinterest shares rocket 19% on strong revenue and user growth
Sopa Images | Lightrocket | Getty Images Pinterest shares surged 19.1% after the company beat Wall Street’s fourth-quarter sales estimates and showed robust user growth from a year ago. The image-sharing company reported revenues of $1.15 billion, ahead of a $1.14 billion estimate from analysts surveyed by LSEG. The figure represented 18% year-over-year growth. Along […]
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Many workers would take a pay cut to work from home — some would forgo at least 20% of their salary
Key Points Many workers say they’d take a pay cut to be able to work from home at least a few days a week, according to academic studies. They see work-life balance as the biggest advantage of remote work. Others say they feel less connected to co-workers and see fewer opportunities for mentoring. Employers also […]
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Frontier Group CEO: Focus on loyalty and ‘premiumization’ has enabled us to exceed expectations
Barry Biffle, Frontier Group CEO, joins ‘The Exchange’ to discuss if the company’s efforts are helping to add premium offerings, the company’s offer to Spirit, and much more. Source
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Watch live: Trump and Japanese prime minister hold press conference
[The stream is slated to start at 2:00 p.m. ET. Please refresh the page if you do not see a player above at that time.] U.S. President Donald Trump and Japanese Prime Minister Shigeru Ishiba are set to hold a joint press conference at the White House on Friday. The presser in the East Room […]
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