Day: May 9, 2025
Google agrees to pay $1.4 billion data privacy settlement to Texas
A Google corporate logo hangs above the entrance to the company’s office at St. John’s Terminal in New York City on March 11, 2025. Gary Hershorn | Corbis News | Getty Images Google agreed to pay nearly $1.4 billion to the state of Texas to settle allegations of violating data privacy rights of the state’s […]
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Virtual chronic care company Omada Health files for IPO
Omada Health smart devices in use. Courtesy: Omada Health Virtual care company Omada Health filed for an IPO on Friday, the latest digital health company that’s signaled its intent to hit the public markets despite a turbulent economy. Founded in 2012, Omada offers virtual care programs to support patients with chronic conditions like prediabetes, diabetes […]
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Trump taps CFPB director nominee Jonathan McKernan for Treasury post
Jonathan McKernan testifies during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 27, 2025. Annabelle Gordon | Reuters President Donald Trump plans to nominate Jonathan McKernan to be undersecretary of domestic finance at the Treasury Department, months after the president tapped McKernan to lead the […]
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Affirm shares drop 13% on weak forecast, concerns over CEO’s bet on 0% loans
Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Drew Angerer | Getty Images Affirm shares plunged on Friday after the fintech company issued a weak forecast, and investors questioned CEO […]
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Google would need to shift up to 2,000 employees for antitrust remedies, search head says
Liz Reid, vice president, search, Google speaks during an event in New Delhi on December 19, 2022. Sajjad Hussain | AFP | Getty Images Testimony in Google‘s antitrust search remedies trial that wrapped hearings Friday shows how the company is calculating possible changes proposed by the Department of Justice. Google head of search Liz Reid […]
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Trump administration ‘looking at’ suspending habeas corpus, Stephen Miller says
White House deputy chief of staff for policy Stephen Miller speaks to the media outside the White House in Washington, D.C., U.S., May 9, 2025. Kent Nishimura | Reuters White House deputy chief of staff for policy Stephen Miller said Friday that the Trump administration is “actively looking at” suspending the writ of habeas corpus, […]
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The number of ‘tariff’ mentions soar past ‘AI’ on earnings calls as Trump’s trade fight alters outlook
Move over artificial intelligence. There’s a new hot topic on corporate earnings calls in 2025: tariffs. The word “tariffs” has come up on more than 350 earnings calls of S & P 500 -listed companies reporting first quarter results, according to a CNBC analysis of call transcripts compiled by AlphaSense. By contrast, the term “AI” […]
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Bitcoin holds above $100,000 while ether rockets to its best week since 2021
Cryptocurrencies extended their rally to end the week, with bitcoin holding steady above the $100,000 level while ether rallied to its best week since 2021. The price of bitcoin was higher by nearly 2% at $103,144.27 on Friday, according to Coin Metrics. Earlier, it rose as high as $104,324.65, its highest level since Jan. 31. For […]
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Newark mayor arrested for alleged trespass at New Jersey ICE detention facility
Mayor Ras Baraka of Newark speaks to the press near ICE agents at a demonstration outside an immigrant detention centre in Elizabeth, New Jersey May 7, 2025. Timothy A. Clary | AFP | Getty Images Newark Mayor Ras Baraka was arrested Friday for allegedly trespassing inside a U.S. Immigration and Customs Enforcement detention center in […]
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3-Stock Lunch: Palantir, Lyft and Expedia
Will McGough, Prime Capital Financial director of investments, joins ‘Power Lunch’ to discuss stock plays for three stocks. Source
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