Month: March 2025
So long, Trump bump: Tech stocks wipe out last of post-election gains
Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the Inauguration of Donald J. Trump in the U.S. Capitol Rotunda on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th president of the United States. Julia Demaree Nikhinson | Getty Images So […]
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Amazon cloud launches service for helping game companies with streaming
Attendees walk through an exposition hall at AWS re:Invent, a conference hosted by Amazon Web Services, in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images Amazon’s cloud unit said Thursday that it’s launching a service to allow video game publishers to stream their games online. GameLift Streams will deliver games to any […]
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Treasury Secretary Bessent says the American dream is not about ‘access to cheap goods’
Scott Bessent, US treasury secretary, speaks during an Economic Club of New York (ECNY) event in New York, US, on Thursday, March 6, 2025. Sanctions on Russia “will be used explicitly and aggressively for immediate maximum impact” at President Donald Trump’s guidance, Bessent said Thursday. Victor J. Blue | Bloomberg | Getty Images Treasury Secretary […]
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Women’s pro tennis introduces paid maternity leave funded by Saudi sovereign wealth fund
Victoria Azarenka plays a backhand against Iga Swiatek of Poland in their second round match during day three of the Dubai Duty Free Tennis Championships, part of the Hologic WTA Tour at Dubai Duty Free Tennis Stadium on February 18, 2025 in Dubai, United Arab Emirates. Christopher Pike | Getty Images Big changes are coming […]
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U.S. will collapse Iran’s economy by shutting down its oil industry, Treasury Secretary says
US Secretary of Treasury Scott Bessent addresses the Economic Club of New York on March 6, 2025. Charly Triballeau | Afp | Getty Images President Donald Trump’s sanctions against Iran are designed to shut down the country’s oil industry and “collapse its already buckling economy,” Treasury Secretary Scott Bessent said Thursday. The U.S. is deploying […]
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Ethics watchdog fired by Trump drops lawsuit challenging dismissal
FILE PHOTO: Special Counsel of the U.S. Office of Special Counsel Hampton Dellinger poses for a portrait in an undated handout image. U.S. Office Of Special Counsel | Via Reuters A top federal ethics watchdog who was fired last month by President Donald Trump said Thursday that he is dropping a lawsuit challenging his dismissal. […]
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Stocks making the biggest moves midday: Marvell Technology, Amazon, Zscaler, Teladoc and more
Check out the companies making headlines in midday trading: Victoria’s Secret — Shares declined more than 5% after the lingerie retailer issued lighter-than-expected guidance for the first quarter. Victoria’s Secret sees revenue coming in between $1.3 billion and $1.33 billion during the period, while analysts polled by LSEG had estimated $1.39 billion. Management cited an […]
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Marvell plunges 18% as outlook falls short of high expectations
Matt Murphy, CEO, Marvell Technology Scott Mlyn | CNBC Marvell Technology shares plummeted more than 17% after the chipmaker’s guidance fell short of some elevated buyside estimates. For the first fiscal quarter, the chipmaker said it expects sales of about $1.88 billion. That was just ahead of the $1.87 billion expected by analysts polled by […]
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Applebee’s owner Dine Brands to lean on value, marketing to reverse sales declines
Michael Siluk | UCG | Universal Images Group | Getty Images Dine Brands hopes to boost sales this year with a wider swath of value meals and buzzier advertising after a rough 2024 for Applebee’s and IHOP. “We had a soft year in 2024, which disappoints us, but we’re focused on improving that in 2025,” […]
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Trump tariffs live updates: White House pauses tariffs on some Mexican imports until April 2
Mexican President Sheinbaum says she will continue to work with Trump In reaction to Trump’s tariff pause, Mexican President Claudia Sheinbaum thanked the Republican and said she will continue to work with the White House on border security issues. “Many thanks to President Donald Trump. We had an excellent and respectful call in which we […]
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