Month: February 2025
Flexport CEO breaks down the complex and uncertain global trade landscape
As the market reels from ever-changing news about President Donald Trump’s tariff hikes, Flexport CEO Ryan Petersen detailed how his customers are dealing with a volatile global trade environment in a Monday interview with CNBC’s Jim Cramer. “It’s very hard to plan a supply chain when it’s changing day to day, so I think it’s […]
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White House says Elon Musk serving as a ‘special government employee’
Republican presidential nominee, former President Donald Trump offers his hand to Elon Musk back stage during a campaign rally at the Butler Farm Show grounds on October 05, 2024 in Butler, Pennsylvania. Anna Moneymaker | Getty Images Elon Musk is serving in the Trump administration as a “special government employee,” according to a White House […]
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Silicon Valley venture capital pioneer Dick Kramlich, an early investor in Apple, dies at 89
Dick Kramlich, founder of New Enterprise Associates, discusses on “Sexism in the valley” during the third day of Web Summit in Altice Arena on Nov. 8, 2017 in Lisbon, Portugal. Horacio Villalobos | Corbis News | Getty Images Dick Kramlich, the venture capital pioneer who co-founded New Enterprise Associates almost 50 years ago and built […]
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Stock futures jump after Trump pauses Canada tariffs: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading on February 03, 2025 in New York City. Michael M. Santiago | Getty Images Stock futures rose Monday night after U.S. President Donald Trump paused planned tariffs on goods from Canada, just hours after a reprieve was also announced on planned […]
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How DeepSeek’s new AI models are impacting the profits of global companies
China’s DeepSeek shook global stock markets after revealing that it had built a powerful artificial intelligence model for a mere $6 million. While some have disputed the shockingly low cost of developing the AI models, most agree that DeepSeek has sharply cut the on-going cost of running powerful AI models and that the firm’s decision […]
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Stocks making the biggest moves after hours: Palantir, NXP Semiconductors, Kyndryl and more
Check out the companies making headlines in after-hours trading: Palantir Technologies — Shares of the defense tech company surged 21% after Palantir exceeded estimates on the top and bottom lines for the fourth quarter, and gave better-than-expected guidance for the full year. The company reported adjusted earnings of 14 cents per share while analysts polled […]
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Trump pauses tariffs on Canada for at least 30 days, Trudeau says
Canada’s Prime Minister Justin Trudeau looks on during a press conference while responding to U.S. President Donald Trump’s orders to impose 25% tariffs on Canadian imports, in Ottawa, Ontario, Canada February 1, 2025. Patrick Doyle | Reuters President Donald Trump on Monday agreed to pause the implementation of planned U.S. tariffs on imports from Canada […]
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Apple shares fall on concern Trump tariffs on China will hit profit
Apple CEO Tim Cook attends the China Development Forum in Beijing on March 24, 2024. Pedro Pardopedro Pardo | Afp | Getty Images Apple shares fell more than 3% on Monday after President Donald Trump announced 10% tariffs on China, where the company assembles the majority of its products. Apple’s decline was steeper than all […]
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Palantir shares surge 15% after company posts strong earnings and outlook
Alex Karp, chief executive officer of Palantir Technologies Inc., during a Bloomberg Technology television interview during the FoundryCon event in Palo Alto, California, US, on Thursday, March 7, 2024. David Paul Morris | Bloomberg | Getty Images Palantir shares surged more than 15% in extended trading on Monday after the software company reported fourth-quarter earnings […]
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Temu parent PDD’s stock tumbles as Trump tariffs close trade loophole
Jakub Porzycki | Nurphoto | Getty Images Shares of Temu parent PDD Holdings closed down 5.9% on Monday, after President Donald Trump’s tariffs announcement signaled the end of a trade loophole used by the Chinese e-commerce giant and other online retailers. Trump on Saturday signed executive orders imposing 25% tariffs on imports from Canada and […]
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