Month: May 2025
Expect China to help Trump on fentanyl, TikTok and midterm elections, says Evercore ISI strategist
U.S. President Donald Trump could have the upper hand in subsequent trade talks with China as the nations hammer out further negotiations, according to Neo Wang, lead China economist and strategist at Evercore ISI. The U.S. negotiated a long-awaited deal this weekend with China, resulting in both trade partners suspending most tariffs on each other’s goods. […]
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Perplexity AI wrapping talks to raise $500 million at $14 billion valuation
Perplexity AI is in late-stage talks to raise $500 million at a $14 billion valuation, a source familiar with the situation confirmed to CNBC Monday. Accel, the Palo Alto-based venture capital firm, will lead the round, according to the source, who spoke anonymously because the round is not yet finalized. The Wall Street Journal first […]
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Deputy attorney general who defended Trump in hush money trial named acting librarian of Congress
Former U.S. President Donald Trump, with attorney Todd Blanche, speaks to reporters as jurors are released to begin deliberations for his criminal trial at the Manhattan Criminal Court in New York, NY on Wednesday, May 29, 2024. Jabin Botsford | Reuters Deputy Attorney General Todd Blanche, who represented President Donald Trump during his 2024 criminal […]
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Stocks making the biggest moves midday: Amazon, Alibaba, Merck, Five Below, Nike and more
Check out the companies making headlines in midday trading: Drugmakers — Pharmaceutical stocks bounced back from earlier losses after an executive order aimed at bringing down drug prices was deemed not as bad as feared for the industry. Merck jumped 5%, while Pfizer , Bristol-Myers Squibb and Eli Lilly all rose more than 2%. However, […]
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NBC taps Michael Jordan as NBA contributor
Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, walks the grid prior to the NASCAR Cup Series Straight Talk Wireless 400 at Homestead-Miami Speedway in Homestead, Florida, on Oct. 27, 2024. James Gilbert | Getty Images Sport | Getty Images NBC is adding Michael Jordan to its National Basketball Association coverage. The […]
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Trump hails Qatar’s ‘nice gesture’ of Air Force One replacement, blaming Boeing delays
U.S. Air Force One upon arrival at the at Fiumicino Airport on April 25, 2025 in Rome, Italy. Marco Mantovani | Getty Images News | Getty Images President Donald Trump on Monday said Qatar had made a “very nice gesture” in offering the U.S. a 747 jet to act as Air Force One, blaming the […]
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Trump says he talked to Apple CEO Tim Cook after China tariff rollback
Apple CEO Tim Cook, center, watches during the inauguration ceremonies for President Donald Trump, right, and Vice President JD Vance, left, in the rotunda of the U.S. Capitol in Washington, Jan. 20, 2025. Shawn Thew | Afp | Getty Images President Donald Trump said Monday that he talked to Apple CEO Tim Cook after the […]
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European stocks close higher after U.S.-China deal to cut tariffs
European stocks close higher European stocks closed higher Monday following news that the U.S. and China had reached an agreement to cut tariffs. The Stoxx 600 climbed 1.1% with mining stocks rallying nearly 5% to lead the gains. The U.K.’s FTSE 100 was 0.6% higher as France’s CAC 40 moved up 1.4% and Germany’s DAX climbed […]
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GM hires ex-Tesla, Aurora exec as chief product officer
The 2026 Cadillac Vistiq EV. Cadillac DETROIT – General Motors has hired Sterling Anderson, a former Tesla executive and cofounder of autonomous vehicle company Aurora Innovation, as its chief product officer. In the newly created position, Anderson will oversee the “end-to-end product lifecycle for both gas- and electric-powered vehicles, including hardware, software, services, and user […]
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Trump’s willingness to accept a luxury jet from Qatar sparks criticism. Here’s why
In this February 15, 2025 a Boeing 747 sits on the tarmac of Palm Beach International airport after US President Donald Trump toured the aircraft on February 15, 2025. Roberto Schmidt | Afp | Getty Images U.S. President Donald Trump’s willingness to accept a lavish jumbo jet from the royal family of Qatar has sparked […]
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