Month: April 2025
Magnificent Seven stocks are attracting some interest after falling to pre-ChatGPT valuations
The Magnificent Seven stocks — which have underperformed in 2025 after a two-year monster run — are starting to attract interest again now that they’re trading at or below valuations from before the unveiling of ChatGPT, which accelerated the AI boom. On a trailing 12-month basis, Amazon is trading at a 32 price-to-earnings ratio — […]
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Russia and Ukraine accuse each other of failing to pause strikes after U.S. envoy leaves Moscow
ANTALYA, TURKIYE- APRIL 12: Russian Foreign Minister Sergey Lavrov speaks on the second day of the diplomatic forum on April 12, 2025 in Antalya, Türkiye. The Antalya Diplomacy Forum 2025 (ADF), organized for the fourth time in Antalya under the auspices of President Recep Tayyip Erdoğan and hosted by Foreign Minister Hakan Fidan, started on […]
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Japan policymaker wants stronger yen, says Tokyo shouldn’t sell Treasuries
View of the headquarters of the Bank of Japan in Tokyo. Sopa Images | Lightrocket | Getty Images TOKYO, April 13 (Reuters) – Japan must strengthen the yen, such as by helping boost the country’s industrial competitiveness, as the currency’s weakness has pushed up households’ living costs, the ruling party’s policy chief said on Sunday. […]
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U.S. won’t say whether it’s facilitating return of mistakenly deported man, despite judge’s order
U.S. military personnel escort alleged members of the Venezuelan gang Tren de Aragua and the MS-13 gang recently deported by the U.S. government to be imprisoned in the Terrorism Confinement Center (CECOT) prison, as part of an agreement with the Salvadoran government, in San Luis Talpa, El Salvador, in this handout image obtained March 31, […]
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Iran and U.S. envoys hold 1st negotiation over Tehran’s nuclear program, and talk face-to-face
Iran and the United States will hold more negotiations next week over Tehran’s rapidly advancing nuclear program, Iranian state television reported Saturday at the end of the first round of talks between the two countries since President Donald Trump returned to the White House. American officials offered no immediate comment on the talks. However, Iran’s […]
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Apple, Google, Cash App alums ditch Big Tech to build on bitcoin, fueled by VC money and friendly White House
AUSTIN — On a Friday morning last spring, Mark Suman called out sick from his job as a senior engineering project manager at Apple and made his way downtown to a place called the Bitcoin Commons, a sort of clubhouse for enthusiasts of the world’s largest cryptocurrency, situated a few blocks south of the Texas […]
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Trump tariffs on China will soon bring ‘irreversible’ damage to many American businesses
Container vessels and shipping containers at Yangshan Deep-Water Port on Oct. 18, 2024, in Shanghai, China. Vcg | Visual China Group | Getty Images Apple’s iPhone and other technology hardware, from chips to PCs, received a China tariff reprieve from President Trump on Saturday, but for much of the U.S. economy and small business owners, […]
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Trump exempts phones, computers, chips from new tariffs
Smartphones and computers will be exempted from President Donald Trump’s reciprocal tariffs, according to new guidance from U.S. Customs and Border Protection. The guidance comes after Trump earlier this month imposed 125% tariffs on products from China, a move that was poised to take a toll on tech companies like Apple, which make most of […]
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Trump’s ongoing 25% auto tariffs expected to cut sales by millions, cost $100 billion
Autoworkers at Nissan’s Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs more than 7,000 people and produces a variety of vehicles, including the Leaf EV and Rogue crossover. Michael Wayland / CNBC DETROIT — As President Donald Trump’s 25% tariffs on imported vehicles remain in effect despite a pullback this week […]
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Tokenization of the market, from stocks to bonds to real estate is coming, says BlackRock CEO Larry Fink, if we can solve one problem
Bitwise Spot Bitcoin ETF (BITB) signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Thursday, Jan. 11, 2024, with trading commencing on the first US exchange-traded funds that invest directly in the biggest cryptocurrency. Bloomberg | Bloomberg | Getty Images If the vision of Larry Fink — CEO […]
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