Month: May 2025
Trump says it is ‘such an honor’ that Vatican elected first U.S. pope
President Donald Trump congratulated Robert Francis Prevost after his election as pope Thursday, making him the first American-born pontiff in the history of the Roman Catholic Church. Prevost, 69, of Chicago, will be known as Pope Leo XIV. “It is such an honor to realize that he is the first American Pope,” Trump wrote on […]
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Josh Brown on the UK trade deal rally and how he’s playing it
CNBC Pro contributor Josh Brown brushed off President Donald Trump’s U.K. trade deal plan that’s sent the market higher on Thursday and warned that the recent upswing could lose steam. “Against all odds, the U.S. managed to make a trade deal with its greatest ally of the last 200 years,” Brown, CEO of Ritzholtz Wealth […]
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This stock tied to crypto is breaking out as bitcoin retests $100,000 level, according to the charts
Shares of Coinbase (COIN) are demonstrating constructive technical characteristics going into today’s quarterly earnings report. With bitcoin retesting the “ultimate resistance” at $100,000 , and news this week of Coinbase acquiring crypto options firm Deribit, the recent rally may just be the beginning of a new bullish phase. The daily chart of COIN features a […]
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American Robert Prevost chosen to be Pope Leo XIV
White smoke rises from the chimney on the Sistine Chapel, indicating that a new pope has been elected at the Vatican, May 8, 2025. Dylan Martinez | Reuters Roman Catholic cardinals selected a new pope on the second day of their conclave Thursday, signaling the election with plumes of white smoke billowing from a chimney […]
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Bill Gates doubles giving to $200 billion, says philanthropists can’t cover government cuts
Bill Gates arrives for a press conference to launch the Global Polio Eradication Initiative at the European Commission’s Berlaymont headquarters in Brussels on October 11, 2023. Simon Wohlfahrt | Afp | Getty Images Billionaire Bill Gates announced on Thursday that he will double his charitable giving to $200 billion over the next 20 years. In […]
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Stocks making the biggest moves midday: AppLovin, Carvana, MercadoLibre, Crocs and more
Check out the companies making headlines in midday trading. AppLovin — The mobile ad tech company jumped 12% after first-quarter results that beat analyst expectations. AppLovin also announced it would sell its mobile gaming business in a $400 million deal. Carvana — Shares jumped more than 11% after the online used car marketplace posted better-than-expected […]
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Bitcoin jumps above $100,000 for first time since February
Harun Ozalp | Anadolu | Getty Images Bitcoin on Thursday hit its highest level since February, climbing back above the key $100,000 level. The price of the flagship cryptocurrency was last higher by more than 4% at $100,801.04, according to Coin Metrics. The move began overnight after President Donald Trump first teased an announcement between […]
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Trump says he’s pulling nomination of Ed Martin for top D.C. federal prosecutor
U.S. President Donald Trump makes an announcement about a trade deal with the U.K., in the Oval Office at the White House in Washington, D.C., U.S., May 8, 2025. Leah Millis | Reuters President Donald Trump said Thursday that he will pull his controversial nomination of Ed Martin to be the top federal prosecutor for […]
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Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook
Justin Sullivan | Getty Images News | Getty Images Krispy Kreme stock plunged 24% on Thursday morning after the doughnut chain said it is “reassessing” its rollout with McDonald’s and pulled its full-year outlook in part due to economic “softness.” Krispy Kreme is not planning to launch its doughnuts in any additional McDonald’s locations in […]
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Trump says 10% is floor for tariffs; ‘Some will be much higher’
President Donald Trump on Thursday said that 10% will be the floor for his tariffs on imports from other countries that seek to reach trade agreements with the United States. “Some will be much higher because they have massive trade surpluses and in many cases they didn’t treat us right,” Trump told reporters at the […]
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