Month: May 2025
Trump’s tariffs won’t lead to a resurgence of U.S. manufacturing jobs, Wells Fargo analysis says
President Donald Trump’s tariffs are designed to provide incentives to bring manufacturing jobs back to the United States, but the goal isn’t as feasible as it appears, according to an analysis from Wells Fargo. Moving factory work back to the U.S would mean a significant increase in labor costs, which many companies simply could not […]
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OpenAI, Oracle and NVIDIA will help build Stargate UAE AI campus launching in 2026
Technology giants OpenAI, Oracle, Nvidia and Cisco are joining forces to help build a sweeping Stargate artificial intelligence campus in the United Arab Emirates. “AI is the most transformative force of our time,” said Nvidia CEO Jensen Huang in a release Thursday. “With Stargate UAE, we are building the AI infrastructure to power the country’s […]
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U.S. Treasury yield spike has investors rethinking the rest of the world
Traders work on the floor of the New York Stock Exchange on May 21, 2025, in New York City. Spencer Platt | Getty Images A U.S. Treasury selloff is prompting some market watchers to reassess their stance on fixed income allocation, after “relentless” action from yields on long-dated Treasurys saw those bonds surpass a key […]
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April home sales dropped to the slowest pace for that month since 2009
A “Sale” sign in front of a home in Washington, DC, US, on Thursday, May 8, 2025. Nathan Howard | Bloomberg | Getty Images The spring housing market continues to struggle amid high interest rates and low consumer confidence. Sales of previously owned homes in April fell 0.5% from March to a seasonally adjusted, annualized […]
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Picklr, the world’s largest pickleball franchise, to open 20 clubs in Japan
The Picklr facility in Salt Lake City, Utah Packlr The world’s largest pickleball franchise is coming to Japan. The Picklr, a network of indoor pickleball clubs, will open 20 new locations in the Japanese market over the next five years, the company said on Thursday. The expansion will take place through a strategic partnership with […]
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How UnitedHealthcare became the face of America’s health insurance frustrations
Flags fly at half staff outside the United Healthcare corporate headquarters in Minnetonka, Minnesota, Dec. 4, 2024. Stephen Maturen | Getty Images News | Getty Images It took six months, countless hours on hold and intervention from state regulators before Sue Cover says she finally resolved an over $1,000 billing dispute with UnitedHealthcare in 2023. […]
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U.S. tariffs pose a ‘real challenge’ to Europe, Barclays CEO says
Barclays CEO C. S. Venkatakrishnan speak during the Barclays Sustainable Finance conference in New York City, U.S., March 19, 2024. Brendan McDermid | Reuters Washington’s protectionist trade policies are posing a “real challenge” to European nations as they seek to raise their security contributions, according to Barclays CEO C. S. Venkatakrishnan. “I think Europe has […]
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Stocks making the biggest moves premarket: Advance Auto Parts, Snowflake, Humana, Lumen Technologies and more
Check out the companies making headlines before the bell: Advance Auto Parts — Shares surged more than 30% after Advance Auto Parts topped first-quarter expectations. The auto parts company posted an adjusted loss of 22 cents per share, narrower than the loss of 82 cents per share analysts polled by LSEG had anticipated. Revenue of […]
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Person shot outside CIA headquarters by security guards
Guards at CIA headquarters opened fire on an individual early Thursday morning in what the agency called a “security incident.” Source
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Exclusive look at the making of High NA, ASML’s new $400 million chipmaking colossus
Behind highly secured doors in a giant lab in the Netherlands, there’s a machine that’s transforming how microchips are made. ASML spent nearly a decade developing High NA, which stands for high numerical aperture. With a price tag of more than $400 million, it’s the world’s most advanced and expensive chipmaking machine. CNBC went to […]
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