Month: May 2025
Nissan considering plant closures in Japan, overseas, sources say
Vehicles are offered for sale at a Nissan dealership on December 18, 2024 in Libertyville, Illinois. Scott Olson | Getty Images Nissan is considering plans to shut two car assembly plants in Japan and overseas factories, including in Mexico, sources said on Saturday, as part of a cost-cutting plan the company flagged earlier this week. […]
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Audio of interview confirms Biden memory lapses
Former U.S. President Joe Biden speaks at a conference hosted by the Advocates, Counselors, and Representatives for the Disabled (ACRD) on April 15, 2025 in Chicago, Illinois. Scott Olson | Getty Images Newly released audio of a special counsel interviewing then-President Biden confirms memory lapses that White House officials denied at the time, including a […]
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Trump administration working on plan to move 1 million Palestinians to Libya
The Trump administration is working on a plan to permanently relocate up to 1 million Palestinians from the Gaza Strip to Libya, five people with knowledge of the effort told NBC News. The plan is under serious enough consideration that the administration has discussed it with Libya’s leadership, two people with direct knowledge of the plans and a former […]
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Tesla limits investors’ ability to sue over breach of fiduciary duties
Tesla CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai on Jan. 7. Aly Song | Reuters In a regulatory filing out Friday, Elon Musk-led automaker Tesla announced a change to its corporate bylaws that will limit shareholders ability to sue the company if investors believe the company’s […]
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Supreme Court rules against Trump administration in Alien Enemies Act case
A person walks past the U.S. Supreme Court in Washington, D.C., U.S., April 21, 2025. Kevin Lamarque | Reuters The Supreme Court on Friday granted a request by Venezuelan nationals seeking to block their removal from the United States under the Alien Enemies Act. In a 7-2 decision, the court said the Trump administration had not […]
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This money manager won’t follow Warren Buffett’s path with these two stocks Berkshire’s buying
New regulatory filings showed that Warren Buffett ‘s Berkshire Hathaway doubled its position in beer and wine producer Constellation Brands last quarter. But at least one investor doesn’t agree with the “Oracle of Omaha’s” investment. Main Street Research’s Chief Investment Officer James Demmert joined CNBC’s ” Power Lunch ” on Friday to offer his take […]
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Moody’s downgrades United States sovereign credit rating, citing growth in government debt
Kent Nishimura | Los Angeles Times | Getty Images Moody’s Ratings cut the United States’ sovereign credit rating down a notch to Aa1 from the Aaa, the highest possible, citing the growing burden of financing the federal government’s budget deficit and the rising cost of rolling over existing debt amid high interest rates. “This one-notch […]
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Alabama man sentenced to 14 months in prison for role in SEC bitcoin announcement hack
A judge on Friday sentenced an Alabama man to 14 months in prison for his role in the January 2024 hack of the Securities and Exchange Commission’s X account, which was used to send out a tweet that briefly spiked the price of bitcoin by more than $1,000, the Justice Department said. The man, Eric […]
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Nvidia and Tesla ripped higher this week, boosted by Trump’s Middle East tour
(COMBO) This combination of pictures created on January 31, 2025 shows (L) Nvidia CEO Jensen Huang in Las Vegas, Nevada on January 6, 2025, and US President Donald Trump in the Oval Office of the White House in Washington, DC on January 31, 2025. Jensen Huang, CEO of AI chip giant Nvidia, met January 31, […]
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Nvidia, Cisco and OpenAI are backing the UAE Stargate data center project
NVIDIA CEO Jensen Huang attends an ‘Investing in America’ event held by U.S. President Donald Trump in Washington, D.C., U.S., April 30, 2025. Leah Millis | Reuters U.S. tech giants Nvidia, Cisco and OpenAI are supporting the “UAE Stargate” artificial intelligence data center announced this week, a source familiar with the deal confirmed Friday. AI chip […]
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