Month: April 2025
Capital One and Discover merger approved by Federal Reserve
Key Points Capital One Financial’s application to acquire Discover Financial Services has officially been approved by the Federal Reserve and the Office of the Comptroller of the Currency. Capital One announced plans to acquire Discover in an all-stock transaction valued at $35.3 billion in February 2024. It will also indirectly acquire Discover Bank through the transaction. Source
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Trump will study whether to fire Fed Chair Powell, adviser says
President Donald Trump, right, speaks as Jerome Powell, Trump’s nominee as chairman of the Federal Reserve, listens during a nomination announcement in the Rose Garden of the White House in Washington, D.C., Nov. 2, 2017. Olivier Douliery | Bloomberg | Getty Images White House economic adviser Kevin Hassett said on Friday that President Donald Trump […]
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U.S. proposes lighter sanctions on Russia as part of peace plan with Ukraine: Bloomberg
Ukrainian servicemen operate a tank on a road near the border with Russia, in the Sumy region of Ukraine, on August 14, 2024. The Ukrainian army entered Russia’s Kursk region on August 6, capturing dozens of settlements in the biggest offensive by a foreign army on Russian soil since World War II. Roman Pilipey | […]
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Nintendo Switch 2 retail preorder to begin April 24 following tariff delays
An attendee wearing a Super Mario costume uses a Nintendo Switch 2 game console while playing a video game during the Nintendo Switch 2 Experience at the ExCeL London international exhibition and convention centre in London, Britain, April 11, 2025. Isabel Infantes | Reuters Nintendo on Friday announced that retail preorder for its Nintendo Switch […]
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More rich Americans are opening Swiss bank accounts fearing U.S. risks
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. A growing number of wealthy Americans are opening bank accounts in Switzerland as part of the “de-Americanization” of their portfolios, according […]
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Canadian small businesses are taking Trump’s tariffs personally
Close-up of ‘Shop Canadian’ poster displayed in a local storefront in Edmonton, Alberta, Canada, on April 4, 2025. Artur Widak | Nurphoto | Getty Images Just across the U.S.-Canada border, some small businesses are taking tariffs personally. President Donald Trump has said his wide-sweeping tariffs, even on some of the country’s closest trade partners, will […]
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How quantum could supercharge Google’s AI ambitions
Inside a secretive set of buildings in Santa Barbara, California, scientists at Alphabet are working on one of the company’s most ambitious bets yet. They’re attempting to develop the world’s most advanced quantum computers. “In the future, quantum and AI, they could really complement each other back and forth,” said Julian Kelly, director of hardware […]
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U.S. will abandon Ukraine peace push if no progress ‘within a matter of days,’ Rubio says
U.S. Secretary of State Marco Rubio attends a press conference with Suriname’s President Chan Santokh (not pictured), in Paramaribo, Suriname, March 27, 2025. Nathan Howard | Reuters U.S. President Donald Trump will walk away from trying to broker a Russia-Ukraine peace deal within days unless there are clear signs that a deal can be done, U.S. Secretary […]
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Ukraine says it has signed the outline of a minerals deal with the U.S.
Ukrainian Minister of Economic Development and Trade, Yulia Svyrydenko and the US Secretary of Treasury, Scott Bessent (not seen) sign the outline of a rare earth minerals deal over an online call, in Kyiv, Ukraine on April 17, 2025. Anadolu | Anadolu | Getty Images Ukraine said Thursday that it had signed the basis of […]
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Where ‘Made in China 2025’ missed the mark
Smart robotic arms work on the production line at the production workshop of Changqing Auto Parts Co., LTD., located in Anqing Economic Development Zone, Anhui Province, China, on March 13, 2025. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images BEIJING — China missed several key targets from its 10-year plan to […]
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