Day: May 22, 2025
Asia-Pacific markets set to mostly climb as investors await slew of economic data
The upscale shopping district of Ginza in Tokyo, Japan, on Saturday, May 4, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were set to mostly climb Friday as investors await a slew of economic data in the region. Japan’s benchmark Nikkei 225 is set to open higher with the futures contract in Osaka last trading […]
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Amazon shareholders reject proposal to split CEO and chair roles
Amazon CEO Andy Jassy speaks during an unveiling event in New York on Feb. 26, 2025. Michael Nagle | Bloomberg | Getty Images Amazon shareholders rejected a proposal to adopt a policy that would require the company’s CEO and board chair roles to remain separate. Vote totals disclosed in a filing Thursday show about 82% […]
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Firm tapped to modify Qatar jet for Trump admin agrees to $62 million settlement in false claims case
Jaque Silva | Nurphoto | Getty Images Defense contractor L3Harris Technologies will pay $62 million to settle allegations that it lied about the prices of equipment it sold to the U.S. military years earlier, the Justice Department said Thursday. L3Harris was recently tapped to help modify a luxury Boeing 747 jet from Qatar’s royal family that President […]
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Top $TRUMP holders head to crypto dinner with president that Democrats call ‘orgy of corruption’
Jonathan Raa | Nurphoto | Getty Images Nick Pinto is a marketing director at his family’s law firm in New Jersey. He’s also a crypto trader who spent enough money on Donald Trump’s meme coin to win a spot at a private black-tie dinner with the president scheduled for Thursday night. “I was kind of […]
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Microsoft employees say emails with ‘Gaza,’ ‘Palestine,’ or ‘genocide’ won’t send
Security officers block entrance doors after pro-Palestinian protesters attempted to enter the Microsoft Build conference at the Seattle Convention Center Arch building in Seattle, Washington on May 19, 2025. Jason Redmond | Afp | Getty Images Microsoft employees are concerned that the company has been blocking Outlook emails containing the words “Palestine,” “Gaza,” “genocide,” “apartheid” […]
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Trump’s $600 million war chest: How he plans to wield his power in the midterms and beyond
Behind bulletproof glass, former US President and Republican presidential candidate Donald Trump arrives to speak during a campaign rally at Gastonia Municipal Airport in Gastonia, North Carolina, on November 2, 2024. Peter Zay | Afp | Getty Images Between a barrage of executive orders, foreign trips and norm-shattering proclamations, Donald Trump has also been busy […]
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Insurers brace for impact as NOAA predicts above-average hurricane season
John Cangialosi, Senior Hurricane Specialist at the National Hurricane Center, inspects a satellite image of Hurricane Beryl, the first hurricane of the 2024 season, at the National Hurricane Center on July 1, 2024 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Government scientists on Thursday released a forecast for the 2025 […]
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Supreme Court insulates Federal Reserve while backing Trump firing of agency leaders
The U.S. Supreme Court building in Washington, July 19, 2024. Kevin Mohatt | Reuters The Supreme Court on Thursday strongly suggested that Federal Reserve board members would have greater protection against being fired by a president in a ruling that for now allows President Donald Trump to fire two members of other federal agencies’ boards. […]
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Stocks making the biggest moves after hours: Intuit, Workday, Ross Stores, Deckers and more
Check out the companies making headlines in extended trading. Ross Stores — Shares pulled back more than 11%. Ross withdrew its earlier full-year guidance . The off-price retailer said that it expects second-quarter earnings to range from $1.40 to $1.55 per share, while analysts polled by LSEG sought $1.65 per share. Ross also said that […]
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OpenAI CFO says AI hardware will boost ChatGPT subscriptions in ‘new era of computing’
OpenAI is betting a new “era” of computing will justify the company’s decision to spend billions of dollars on bespoke hardware to go with it, Chief Financial Officer Sarah Friar said. The artificial intelligence startup, best known for the ChatGPT chatbot, announced plans on Wednesday to buy iPhone designer Jony Ive’s devices startup io for […]
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