Month: May 2025
U.S. Chamber of Commerce asks Trump for tariff exclusions to ‘stave off a recession’
The U.S. Chamber of Commerce is urging the Trump administration to immediately implement a “tariff exclusion process” in order to keep the U.S. economy from falling into a recession and inflicting “irreparable harm” on small businesses. In a letter first obtained by CNBC, the massive business lobbying group asked key Trump trade officials to automatically […]
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Eli Lilly CEO says company can help ‘respond’ to national security concerns around essential drugs as tariffs loom
CEO of Eli Lilly and Company David Ricks speaks at the Economic Club of New York on March 12, 2024 in New York City. Spencer Platt | Getty Images Eli Lilly CEO Dave Ricks on Thursday said the drugmaker can help “respond” to national security concerns around cheaper essential medicines as pharmaceutical-specific tariffs loom. The […]
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Court finds Apple, executive lied under oath in Epic Games trial
Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York on Aug 1, 2018. Lucas Jackson | Reuters Apple willfully violated a 2021 injunction that came out of the Epic Games case, Judge Yvonne Gonzalez Rogers said in a court filing on Wednesday. She wrote that Apple […]
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Sam Altman’s eye-scanning ID project launches in U.S. with six locations
Worldcoin co-founders Sam Altman and Alex Blania. Worldcoin OpenAI CEO Sam Altman’s eye-scanning venture officially makes its U.S. debut Thursday. Altman co-founded “World” in 2019 — known as Worldcoin until last year — to create a global identity verification system for people, using iris scans and the blockchain to ideally fight against fraud and bots. Here’s […]
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Stocks making the biggest moves premarket: Microsoft, CVS Health, Meta Platforms, Qualcomm and more
Check out the companies making headlines before the bell. Microsoft — The tech giant jumped nearly 9% after beating Wall Street’s earnings and revenue expectations driven by its Azure cloud business. Microsoft issued strong guidance for the year. Meta Platforms — Shares popped 6% after the social media company reported first-quarter earnings of $6.43 on […]
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How wealthy horse owners finance their passion and potentially earn millions
Mystik Dan #3, ridden by jockey Brian J. Hernandez Jr. (R), crosses the finish line ahead of Sierra Leone #2, ridden by jockey Tyler Gaffalione and Forever Young, ridden by jockey Ryusei Sakai to win the 150th running of the Kentucky Derby at Churchill Downs on May 04, 2024 in Louisville, Kentucky. Michael Reaves | […]
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Trump rewrites crypto rules in first 100 days, industry celebrates ‘180 pivot’ from Biden years
People walk past an advertisement feature Donald Trump with Bitcoin in Hong Kong. May James | Lightrocket | Getty Images As President Donald Trump hit the 100-day mark this week for his second term in office, his approval numbers were lower than for any administration at this point in over seven decades. Don’t tell that […]
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Tesla denies report that the EV maker is looking to replace Elon Musk
Tesla CEO Elon Musk walks to board Air Force One with U.S. President Donald Trump (not pictured) as they depart for Philadelphia, Pennsylvania, from Morristown Municipal Airport in Morristown, New Jersey, U.S., March 22, 2025. Nathan Howard | Reuters Shares of Tesla were flat in premarket trading Thursday after the EV maker denied a Wall Street […]
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CVS tops estimates, hikes guidance as insurance business shows some improvement
CVS Pharmacy logo is seen in Washington DC, United States on July 9, 2024. Jakub Porzycki | Nurphoto | Getty Images CVS Health on Thursday reported first-quarter earnings and revenue that topped estimates and hiked its guidance, as its troubled insurance business showed some improvement during the period. The company now expects full-year adjusted earnings […]
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Lloyds first-quarter profit drops, sets aside $133 million for tariff impact
A Lloyds Banking Group Plc bank branch in London, UK, on Monday, Oct. 21, 2024. Bloomberg | Bloomberg | Getty Images Lloyds Banking Group’s profits fell 7% in the first-quarter, hit by higher costs and impairment charges, and it set aside 100 million pounds ($133 million) for the impact of trade tariffs imposed by U.S. […]
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