Day: May 7, 2025

Trump crypto advisor David Bailey launching 0 million bitcoin investment company
Technology

Trump crypto advisor David Bailey launching $300 million bitcoin investment company

Vcg | Visual China Group | Getty Images David Bailey, CEO of media group BTC Inc., and a key crypto advisor to President Donald Trump, has raised $300 million to launch a publicly traded bitcoin investment company, CNBC has confirmed. The deal, which has been in the works since January, consists of $200 million in […]

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Carvana’s record quarterly results top Wall Street expectations
Business

Carvana’s record quarterly results top Wall Street expectations

Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023. Brandon Bell | Getty Images DETROIT — Carvana’s first-quarter results easily topped Wall Street’s expectations as the company reported record sales driven by higher-than-expected industry demand amid fears of price increases due to automotive tariffs. Carvana CEO and co-founder Ernie […]

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Saudi sovereign wealth fund deepens investment in women’s professional golf
Business

Saudi sovereign wealth fund deepens investment in women’s professional golf

PIF will become the title sponsor of revamped golf series. Severn Images Saudi Arabia is deepening its investment in women’s professional golf. The Public Investment Fund, the sovereign wealth fund of Saudi Arabia, announced on Wednesday that it will become the title partner of five events that will take place on the the Ladies European […]

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Stocks making the biggest moves after hours: AppLovin, Arm Holdings, Flutter Entertainment, Fortinet and more
Finance

Stocks making the biggest moves after hours: AppLovin, Arm Holdings, Flutter Entertainment, Fortinet and more

Check out the companies making headlines in after-hours trading. AppLovin – The AI-powered marketing platform saw shares rallying 13% in extended trading after the company reported stronger-than-expected quarterly results. AppLovin’s posted an EPS of $1.67, higher than an LSEG consensus estimate of $1.45 per share. Revenue of $1.48 billion also came in above expectations. The […]

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Trump pulls surgeon general nominee Janette Nesheiwat after questions about medical education
Politics

Trump pulls surgeon general nominee Janette Nesheiwat after questions about medical education

US Vice President JD Vance, from left, Pam Bondi, US attorney general, Chris Wright, US energy secretary, Janette Nesheiwat, US surgeon general nominee for US President Donald Trump, and Lee Zeldin, administrator of the US Environmental Protection Agency (EPA), during a cabinet meeting at the White House in Washington, DC, US, on Wednesday, Feb. 26, […]

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Billionaire Ken Griffin calls tariffs a ‘painfully regressive tax,’ hitting working class Americans the hardest
Finance

Billionaire Ken Griffin calls tariffs a ‘painfully regressive tax,’ hitting working class Americans the hardest

Citadel CEO Ken Griffin speaks during the Semafor World Economy Summit 2025 at Conrad Washington on April 23, 2025 in Washington, DC. Kayla Bartkowski | Getty Images Billionaire Ken Griffin, founder and CEO of the Citadel hedge fund, said working class Americans will bear the brunt of President Donald Trump’s punitive tariffs on U.S. trading partners. “Tariffs […]

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Trump’s ambassador to China sworn in ahead of high-stakes talks in Switzerland
World

Trump’s ambassador to China sworn in ahead of high-stakes talks in Switzerland

U.S. President Donald Trump shakes hands with former U.S. Senator David Perdue during Perdue’s swearing-in ceremony to be the new U.S. ambassador to China, at the White House in Washington, D.C., U.S., May 7, 2025. Leah Millis | Reuters President Donald Trump’s pick for U.S. ambassador to China was sworn in on Wednesday, days before […]

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AppLovin shares pop on earnings beat as it announces sale of mobile gaming business
World

AppLovin shares pop on earnings beat as it announces sale of mobile gaming business

Thomas Fuller | SOPA Images | Lightrocket | Getty Images AppLovin shares soared as high as 15% in extended trading after the company reported earnings and revenue that beat expectations and announced the sale of its mobile gaming business. Here’s how the company did compared to LSEG consensus estimates: Earnings: $1.67 per share vs $1.45 […]

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Microsoft wins appeal in FTC challenge to  billion Activision Blizzard deal
World

Microsoft wins appeal in FTC challenge to $69 billion Activision Blizzard deal

An Activision Blizzard’s Call of Duty: Modern Warfare video game is inserted into Microsoft’s Xbox One video game console. Michael Ciaglo | Bloomberg | Getty Images A federal appeals court on Wednesday rejected a legal challenge by the Federal Trade Commission to Microsoft‘s $69 billion purchase of “Call of Duty” maker Activision Blizzard. The San […]

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Arm shares drop on weak forecast
Technology

Arm shares drop on weak forecast

Rene Haas, CEO of chip tech provider Arm Holdings, holds a replica of a chip with his company’s logo on it, during an event in which Malaysia’s Prime Minister Anwar Ibrahim officially announces a $250 million deal with the company, in Kuala Lumpur, Malaysia March 5, 2025. Hasnoor Hussain | Reuters Arm shares dropped more […]

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