Day: May 15, 2025
Walmart’s former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its ‘doom and gloom’ commentary
Fast Money Walmart’s former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its ‘doom and gloom’ commentary Published Thu, May 15 20257:47 PM EDTUpdated 37 Min Ago Stephanie Landsman@stephlandsman WATCH LIVE Source
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Cerebras CEO says chipmaker’s ‘aspiration’ is to hold IPO in 2025
Toronto , Canada – 20 June 2024; Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024. Ramsey Cardy | Sportsfile | Collision | Getty Images Cerebras CEO Andrew Feldman said his hope is to take his company public in 2025 now that the chipmaker has […]
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Why this German automaker will benefit from the U.K.-US trade deal
British businesses are still hashing out exactly what the recently-unveiled U.K.-U.S. trade deal — the first under President Donald Trump’s tariff-first , negotiate-later regime — means for them. The European Union is yet to strike its own deal. Despite this, one automaker from the bloc’s biggest economy is about to see benefits due to its […]
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Bitcoin RICO: Feds say $265 million crypto theft ring blew $13M on exotic cars, nightclubs
Malone Lam, a defendant in a $230 million bitcoin heist, in a booking photo from the Broward County Sheriff’s Office in Florida. Broward County Sheriff’s Office Federal prosecutors in Washington, D.C., charged 13 men in what court records describe as a wide-ranging conspiracy to identify victims with substantial holdings of cryptocurrency, steal those assets, and […]
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Trump’s military parade cost: Up to $45 million for D.C. march
Members of the military stand as US President Donald Trump reviews the troops in Emancipation Hall during inauguration ceremonies at the US Capitol in Washington, on January 20, 2025. Jim Watson | AFP | Getty Images An upcoming military parade in Washington, D.C., to celebrate the U.S. Army’s 250th anniversary — which coincides with President […]
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Stocks making the biggest moves after hours: Applied Materials, Take-Two Interactive, Cava and more
Check out the companies making headlines in after-hours trading: Applied Materials — Shares fell nearly 5% in extended trading. The maker of semiconductor manufacturing equipment reported $7.10 billion in revenue in its fiscal second quarter, which was slightly lower than analysts’ expectations of $7.13 billion, according to LSEG. Semiconductor revenue of $5.26 billion for the […]
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Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth
A customer exits a Cava restaurant in New York City on June 22, 2023. Brendan McDermid | Reuters Cava on Thursday reported better-than-expected sales in its latest fiscal quarter, shaking off the malaise the broader restaurant industry has felt as consumers have cut back on dining. The Mediterranean chain said its same-store sales grew 10.8% […]
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The U.S. has struggled for crypto clarity. Canada may have the answer
TORONTO — Canada has quietly become a global leader in digital assets. Canada was among the first countries to enact rules for crypto, starting with anti-money laundering guidelines in 2014. The country has repeatedly evolved its regulatory guidance in recent years, while U.S. lawmakers remain stuck in gridlock — even with a pro-crypto White House […]
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Trump’s Qatar jet gift ‘rife with political espionage’ issues, Republican Sen. Collins warns
US Senator Susan Collins, Republican from Maine, questions Secretary of Health and Human Services Robert F. Kennedy Jr., during a Senate Committee on Health, Education, Labor, and Pensions hearing on the President’s proposed budget request for fiscal year 2026 for the Department of Health and Human Services, on Capitol Hill in Washington, DC, May 14, […]
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White House announces AI data campus partnership with the UAE
UAE President Sheikh Mohamed bin Zayed Al Nahyan (R) welcomes his US counterpart Donald Trump upon arrival at the presidential terminal in Abu Dhabi on May 15, 2025. Anadolu | Anadolu | Getty Images The U.S. and United Arab Emirates are partnering on a massive artificial intelligence campus touted as the largest such facility outside […]
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