Month: April 2025
Fund manager owns just one Mag 7 stock after dumping Meta stake: ‘You have to pick the stock you really believe in’
Nvidia is in — and Meta is out. That’s according to Stephen Yiu, co-founder and lead fund manager of London’s Blue Whale Growth Fund. The fund held 29 stocks as of the end of March this year, with top holdings including Apollo , Nvidia, Broadcom and TSMC , and more than a third of its […]
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Oracle engineers caused days-long software outage at U.S. hospitals
Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld 2018 conference in San Francisco, California, U.S., on Monday, Oct. 22, 2018. David Paul Morris | Bloomberg | Getty Images Oracle engineers mistakenly triggered a five-day software outage at a number of Community Health Systems hospitals, causing the facilities to temporarily […]
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Trump administration targets Harvard Law Review with race-based discrimination investigation
People walk through Harvard Yard on the Harvard University campus in Cambridge, Massachussetts, on April 15, 2025. Joseph Prezioso | AFP | Getty Images The Trump administration on Monday announced the opening of two investigations into Harvard University and the Harvard Law Review after reports that the prestigious legal journal was selecting articles for publication […]
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China insists no tariff talks underway with Trump and Xi or top aides, despite U.S. claims
U.S. President Donald Trump answers reporters’ questions after exiting Marine One at the White House in Washington, D.C., on April 27, 2025. Ken Cedeno | Reuters China on Monday once again denied that it is in talks to resolve its tariff war with the U.S., after a series of statements by President Donald Trump and […]
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NXP Semi shares sink on tariff concerns, CEO Kurt Sievers to step down
Kurt Sievers, CEO of NXP Semiconductors, during the Federation of German Industries conference in Berlin, Germany, on June 19, 2023. Liesa Johannssen-Koppitz | Bloomberg | Getty Images NXP Semiconductors fell about 7% on Monday after the chip company announced CEO Kurt Sievers would step down and released first-quarter earnings for fiscal 2025. Sievers will retire […]
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Stocks making the biggest moves after hours: Leggett & Platt, NXP Semiconductors, Cadence Design Systems and more
Check out the companies making headlines in extended trading. Leggett & Platt — The manufacturer of bedding products surged about 17% after reaffirming full-year guidance. Management said the company should benefit overall from President Donald Trump’s tariff plans, but cautioned that the levies can hurt consumer confidence and discretionary demand for products, while also pushing […]
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Donald Trump Jr. co-founds new private members club, Executive Branch, with a $500,000 fee
A new private membership club in Washington, D.C., co-founded by Donald Trump Jr., is charging a $500,000 membership fee — and there’s already a waiting list. The club, called Executive Branch, held a launch party on Saturday night that included at least a half dozen members of President Donald Trump’s administration as well as wealthy […]
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Microsoft says U.S. can’t afford falling behind China in quantum computers
Microsoft President Brad Smith speaks during signing ceremony of cooperation agreement between the Polish Ministry of Defence and Microsoft, in Warsaw, Poland, February 17, 2025. Kacper Pempel | Reuters The U.S. cannot afford to fall behind China in the race to a working quantum computer, Microsoft President Brad Smith wrote Monday. President Donald Trump and […]
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U.S. House panel proposes moving FTC antitrust work to DOJ in budget package
The U.S. Capitol building is seen on April 28, 2025 in Washington, DC. Kayla Bartkowski | Getty Images The U.S. House of Representatives Judiciary Committee on Monday said it proposed transferring the Federal Trade Commission’s antitrust work to the Department of Justice as part of a budget reconciliation package. The proposal would allocate funds for […]
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Empty shelves, trucking layoffs lead to a summer recession in Apollo’s shocking trade fight timeline
The Washington Post | The Washington Post | Getty Images The economic impact of the tariffs imposed by the Trump administration will soon become apparent to everyday Americans and lead to a recession this summer, according to Apollo Global Management. Torsten Slok, chief economist at Apollo, laid out a timeline in a presentation for clients […]
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