Month: February 2025
Judge clears way for Trump’s plan to downsize federal workforce with deferred resignation program
Demonstrators rally outside the U.S. Treasury Department after it was reported billionaire Elon Musk has gained access to Treasury’s federal payments system that sends out more than $6 trillion per year in payments on behalf of federal agencies and contains the personal information of millions of Americans, in Washington, U.S., Feb. 4, 2025. Kent Nishimura […]
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Unions sue Trump, fearing mass firings of federal employees
Local labor organizers celebrate at a United Auto Workers vote watch party on April 19, 2024 in Chattanooga, Tennessee. With over 51% of workers voting yes the UAW won the right to form a union at the plant. Elijah Nouvelage | Getty Images Five unions sued the Trump administration on Wednesday, seeking to block what they called the possible mass firing […]
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Elon Musk’s company X settles Trump lawsuit over account suspension
Elon Musk listens to U.S. President Donald Trump speak in the Oval Office of the White House in Washington, D.C., U.S., Feb. 11, 2025. Kevin Lamarque | Reuters Social media company X has agreed to pay about $10 million to settle a lawsuit by President Donald Trump, who has put X’s billionaire owner Elon Musk […]
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This millennial’s startup raised $120 million. He reveals what helped him succeed — and says it’s ‘more crucial’ than hard work
Desmond Lim, co-founder and CEO of Workstream. Courtesy of Desmond Lim Desmond Lim is no stranger to hard work. At the age of seven, he fell in love with basketball, but when his family couldn’t afford to buy him his own ball, he came up with the money by himself. “Money was always tight,” Lim […]
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AppLovin soars almost 30% on earnings, guidance beat
Adam Foroughi, CEO of AppLovin. CNBC AppLovin shares soared almost 30% in extended trading on Wednesday after the company reported earnings and revenue that sailed past analysts’ estimates and issued better-than-expected guidance. Here’s how the company performed compared with analysts’ expectations, according to LSEG: Earnings per share: $1.73 vs. $1.24 expected Revenue: $1.37 billion vs. […]
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S&P 500 futures are little changed as investors look ahead to more earnings, inflation data: Live updates
Traders work on the floor of the New York Stock Exchange on Feb. 4, 2025. NYSE S&P 500 futures are near flat Wednesday night as traders analyzed the latest corporate earnings reports while awaiting more inflation stats. Futures tied to the broad index ticked up 0.1%, while Nasdaq 100 futures added 0.3%. Dow Jones Industrial […]
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Google to test using AI to determine users’ ages
Google chief executive Sundar Pichai speaks during the tech titan’s annual I/O developers conference on May 14, 2024, in Mountain View, California. Glenn Chapman | Afp | Getty Images Google will start using artificial intelligence to determine whether users are age appropriate for its products, the company said Wednesday. Google announced the new technique for […]
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Stocks making the biggest moves after hours: Reddit, Robinhood, Dutch Bros, MGM Resorts and more
Check out the companies making headlines in postmarket trading: Reddit — The social media platform slid 17% after Reddit’s user numbers fell short of Wall Street’s expectations. Daily active uniques averaged 101.7 million for the fourth quarter, reflecting growth of 39% year over year but missing analysts’ call for 103.1 million, per StreetAccount. Separately, Reddit […]
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Reddit shares plunge after Google algorithm change contributes to miss in user numbers
Steve Huffman, co-founder and CEO of Reddit, speaks during WSJ Tech Live conference hosted by the Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on October 21, 2024. Frederic J. Brown | Afp | Getty Images Reddit shares fell more than 15% on Wednesday after the company reported weaker-than-expected user numbers in […]
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Cisco pops on increased full-year revenue forecast
Cisco CEO Chuck Robbins speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Gerry Miller | CNBC Cisco shares climbed about 6% in extended trading on Wednesday after the networking hardware maker reported fiscal second-quarter results and guidance that topped Wall Street’s expectations. Here’s how the company […]
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