Month: April 2025
Chinese tea chain Chagee soars 30% in stock market debut
People are shopping at a CHAGEE store in Shanghai, China, on October 18, 2023. Costfoto | Nurphoto | Getty Images Shares of Chinese tea chain Chagee soared 30% during its public market debut on Thursday, as the company plans a U.S. launch despite trade tensions between Washington and Beijing. The stock, which is trading on […]
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Netflix earnings are after the bell. Here’s what to expect
Beata Zawrzel | Nurphoto | Getty Images Netflix is due to report first-quarter earnings after the closing bell Thursday. The report marks the first time that the streaming giant isn’t disclosing quarterly subscriber data as it shifts its strategy to focus on revenue and other financial metrics as performance indicators. Netflix’s earnings also come as […]
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Brain implant cleared by FDA for Precision Neuroscience, a Musk Neuralink rival
Precision Neuroscience’s Layer 7 Cortical Interface Courtesy of Precision Neuroscience Neurotech startup Precision Neuroscience on Thursday announced that a core component of its brain implant system has been approved by the U.S. Food and Drug Administration, a major win for the four-year-old company. Precision is building a brain-computer interface, or a BCI, which is a […]
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Taiwan Semiconductor posted a first-quarter earnings beat. Here’s what analysts are saying
Tariff headwinds do not seem to be hurting Taiwan Semiconductor Manufacturing Company for now. The semiconductor company posted revenue of 839.25 billion New Taiwan dollars, beating the NT$835.13 billion analysts polled by LSEG had expected. The company’s net income of NT$361.56 billion also exceeded the NT$354.14 billion forecast. U.S.-listed shares of the semiconductor giant traded […]
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Eli Lilly shares surge on new obesity pill data. What it means for the stock from here
Eli Lilly is tightening its grip on the lucrative weight-loss market as it moves into a new, more convenient phase that promises to broaden the appeal of its breakthrough drugs. The news Club name Lilly said its daily obesity pill was successful in a late-stage trial for Type 2 diabetes — sending shares soaring more […]
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Musk’s SpaceX is frontrunner to build Trump’s ‘Golden Dome’ missile shield: Reuters
FILE PHOTO: Elon Musk gives a tour to U.S. President-elect Donald Trump and lawmakers of the control room before the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, U.S., November 19, 2024 . Brandon Bell | Via Reuters Elon Musk’s SpaceX and two partners have emerged as frontrunners to […]
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Judge finds Google holds illegal online ad tech monopolies
Alphabet‘s Google illegally dominated two markets for online advertising technology, a federal judge said on Thursday, dealing another blow to the tech titan in an antitrust case brought by the U.S. U.S. District Judge Leonie Brinkema in Alexandria, Virginia, ruled that Google unlawfully monopolized markets for publisher ad servers and the market for ad exchanges […]
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Markets will ‘crash’ if Trump can fire Fed’s Powell, Elizabeth Warren warns
Sen. Elizabeth Warren, D-Mass., warned Thursday that U.S. markets will “crash” if Federal Reserve Chairman Jerome Powell can be fired by President Donald Trump. The comment from Warren, a frequent Powell critic, on CNBC’s “Squawk on the Street” came hours after Trump griped that the Fed chair’s “termination cannot come fast enough!” “I have tangled […]
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UnitedHealth’s stock is plunging on higher medical costs. That may mean trouble for more insurers
The logo of UnitedHealth appears on the side of one of its office buildings in Santa Ana, California, on April 13, 2020. Mike Blake | Reuters UnitedHealth Group‘s stock sank 20% on Thursday after the company slashed its annual profit forecast, citing higher-than-expected medical costs in its privately run Medicare plans. Those bleak results from […]
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Turkey’s central bank surprises with 350-basis-point rate hike
Cityscape at sunset on March 4, 2024 in Istanbul, Turkey. Dia Images | Getty Images News | Getty Images Turkey’s central bank surprised markets on Thursday when it raised its key interest rate, the one-week repurchase rate, from 42.5% to 46%, ending the easing cycle it began in December of last year. The decision comes […]
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