Day: April 16, 2025
From seaweed burgers to ‘upcycled’ potato chips, the high-end food industry is going ‘nature positive’
Nibs, etc. granola on sale at U.K. grocery store Waitrose. Waitrose Wasted food is a big problem. More than 1 billion tonnes was thrown away in 2022 by households, retailers and food service companies, according to figures published by the U.N.’s Environment Program in 2024. It’s expensive too: The World Bank estimated that lost or […]
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Nvidia says it follows export laws ‘to the letter’ a day after AI chip sales to China stopped
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the opening ceremony of the Siliconware Precision Industries Co. (SPIL) Tan Ke Plant in Taichung, Taiwan, on Thursday, Jan. 16, 2025. An Rong Xu | Bloomberg | Getty Images A day after Nvidia revealed it would incur $5.5 billion in costs related to canceled […]
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Former cybersecurity agency chief Chris Krebs leaves SentinelOne after Trump targets him in executive order
A week ago, President Donald Trump signed an executive order targeting former Cybersecurity and Infrastructure Security Agency Chief Chris Krebs, and calling on the government to suspend the security clearances of any entities with whom he’s associated. The order specifically named SentinelOne, Krebs’ employer. On Wednesday, Krebs announced his resignation from SentinelOne, a cybersecurity company […]
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Four money traps to avoid in a volatile market, according to ‘Fast Money’ trader Tim Seymour
Fast Money Four money traps to avoid in a volatile market, according to ‘Fast Money’ trader Tim Seymour Published Wed, Apr 16 20253:35 PM EDTUpdated 55 Min Ago Stephanie Landsman@stephlandsman WATCH LIVE Source
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Hertz shares surge more than 50% after Bill Ackman takes big stake in the rental car firm
In this article HTZ Follow your favorite stocksCREATE FREE ACCOUNT Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in NYC on Sept. 28th, 2023. Adam Jeffery | CNBC Bill Ackman’s Pershing Square took a sizable stake in Hertz, the rental-car company that exited from bankruptcy four years ago, sparking a big […]
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Nissan aims to ‘max out’ U.S. production plant amid Trump’s tariffs
FILE PHOTO: The American flag flutters at a Nissan automobile dealership in Irvine, California, U.S., March 27, 2025. Mike Blake | Reuters Nissan Motor’s new Americas leader said the automaker is aiming to “max out” production at its largest American production plant amid President Donald Trump’s 25% auto tariffs. Christian Meunier, who started as chairman […]
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Trade war fallout: Cancellations of Chinese freight ships begin as bookings plummet
Aerial view of the import and export container terminal of Longtan Port on December 26, 2024 in Nanjing, Jiangsu Province of China. China News Service | China News Service | Getty Images U.S. importers are being notified of an increase in canceled sailings by freight ships out of China as ocean carriers try to balance […]
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Temu slashes U.S. ad spending, plummets in App Store rankings after Trump China tariffs
In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC. Stefani Reynolds | Afp | Getty Images Chinese online retailer Temu, whose “Shop like a billionaire” marketing campaign made its way to last year’s Super Bowl, has […]
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CBP says latest tariffs have generated $500 million, well below Trump’s estimate
Shipping containers, including one of China Shipping, lie on flatbed railway cars as dock cranes stand behind at Hamburg Port on April 15, 2025 in Hamburg, Germany. Sean Gallup | Getty Images News | Getty Images U.S. Customs and Border Protection appears to be contradicting President Donald Trump’s comments on the daily revenue generated by […]
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Powell indicates tariffs could pose a challenge for the Fed between controlling inflation and boosting growth
Federal Reserve Chair Jerome Powell expressed concern in a speech Wednesday that the central bank could find itself in a dilemma between controlling inflation and supporting economic growth. With uncertainty elevated over what impact President Donald Trump’s tariffs will have, the central bank leader said that while he expects higher inflation and lower growth, it’s […]
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