Month: April 2025
Trump dinner for meme coin buyers prompts senators to demand ethics probe
Jonathan Raa | Nurphoto | Getty Images WASHINGTON — Senators Adam Schiff and Elizabeth Warren are warning that President Donald Trump’s private dinner with holders of his meme coin may constitute “pay to play” corruption, and are calling for an ethics investigation. The Democratic senators, from California and Massachusetts, respectively, sent a letter on Friday […]
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California overhauling self-driving vehicle regulations. Tesla shares climb 10%
Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. Smith Collection/gado | Archive Photos | Getty Images New rules for testing and deployment of self-driving vehicles are on the way in the state of California. The California DMV announced on Friday […]
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Luigi Mangione pleads not guilty in federal court to murder of UnitedHealthcare CEO
Luigi Mangione, the suspect in the killing of UnitedHealth Group chief executive Brian Thompson, appears in Manhattan Supreme Court on New York state murder and terrorism charges in New York City, U.S., Feb. 21, 2025. Curtis Means | Via Reuters Luigi Mangione pleaded not guilty Friday in New York federal court to the murder of […]
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MercadoLibre CEO says US-China trade war is a big opportunity for Latin America
MercadoLibre CEO Marcos Galperin CNBC The CEO of Argentina’s MercadoLibre — often called the Amazon of Latin America — sees big opportunity for Latin America in the U.S.-China trade war. “If Latin America plays its cards well, I think could benefit from this volatility,” MercadoLibre CEO and founder Marcos Galperin told CNBC’s Robert Frank on […]
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Stocks making the biggest moves midday: T-Mobile, Alphabet, Tesla, Intel, Saia and more
Check out the companies making headlines in midday trading: T-Mobile — Shares pulled back 11% after the company’s wireless subscribers for the first quarter missed Wall Street estimates. T-Mobile reported 495,000 postpaid phone additions in the first-quarter, while analysts polled by StreetAccount were looking for 504,000. Alphabet — The Google parent company gained about 2% […]
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Buy now, stock up or delay: Here’s what consumers are snapping up or putting off in face of tariffs
In an aerial view, Ford Broncos are seen for sale on a lot at a dealership on April 18, 2025 in Austin, Texas. Brandon Bell | Getty Images At car dealerships across the country, consumers are rushing to buy new vehicles ahead of tariff-related price hikes. Some shoppers have also replaced iPhones early. Yet when […]
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Trump tariffs will hurt lower income Americans more than the rich, study says
Key Points Tariffs imposed by President Donald Trump are expected to raise costs on products for U.S. consumers. However, tariffs would hurt lower income households with a minimal impact on the top one percent of earners in 2026, according to an analysis by the Institute on Taxation and Economic Policy. Source
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Trump tariffs will hurt lower income Americans more than the rich, study says
Key Points Tariffs imposed by President Donald Trump are expected to raise costs on products for U.S. consumers. However, tariffs would hurt lower income households with a minimal impact on the top one percent of earners in 2026, according to an analysis by the Institute on Taxation and Economic Policy. Source
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Goldman estimates foreign investors were selling U.S. stocks big, but isn’t worried
While Goldman Sachs predicts that foreign investors have dumped more than $60 billion worth of U.S. stocks since March, the firm sees reasons to remain calm. The bank estimated that non-U.S. traders gave up around $41 billion of American stocks on net in March, followed by another $22 billion in April. Fund flow data suggests […]
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Former Rep. George Santos set for sentencing in New York federal fraud case
George Santos, who was expelled from the U.S. House of Representatives, arrives for the sentencing in his criminal corruption charges at Central Islip Federal Courthouse in Central Islip, New York, U.S., April 25, 2025. Shannon Stapleton | Reuters Former Rep. George Santos, whose web of lies about his life led to the New York Republican’s […]
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