Month: June 2025
UBS gives 3 key AI stocks to own from here
UBS thinks Nvidia , Broadcom and Micron will continue to win big as artificial intelligence demand ramps up. In a note published Thursday, UBS highlighted three major pillars that will drive AI demand going forward: Model training for providers such as OpenAI, Google and Meta Consumer-facing products such as ChatGPT and AI overviews The building […]
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Bank investors bet on looser regulation under Trump. They are starting to see it
The first domino has fallen in the Trump administration’s bid to loosen regulations on Wall Street’s biggest banks. The Federal Reserve proposed changes Wednesday that would lower capital requirements for large U.S banks that were implemented in the years following the 2008 financial crisis. Tweaks to these rules, known as the enhanced supplementary leverage ratio, […]
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Microsoft says goodbye to the Windows blue screen of death
Digital boards are seen due to the global communications outage caused by CrowdStrike, which provides cyber security services to US technology company Microsoft, it was observed that some digital billboards in Times Square in New York City, United States, displayed a blue screen and some screens went completely black on July on 19, 2024. Selçuk […]
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Apple reveals complex system of App Store fees to avoid EU fine of 500 million euro
Omar Marques | Sopa Images | Lightrocket | Getty Images Apple Thursday made changes to its App Store European policies, saying it believes the new rules will help the company avoid a fine of 500 million euro ($585 million) from the EU for violating the Digital Markets Act. The new policies are a complicated system […]
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Trump’s war against the Powell Fed has taken another political turn
Key Points Federal Reserve Chair Jerome Powell now heads into his next challenge: a potential threat that President Donald Trump could undermine his authority by soon naming his pick to head the central bank. In the wake of the intense criticism, Wall Street has been buzzing over the potential for a “shadow chair,” or someone […]
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Tesla head of manufacturing Omead Afshar fired by Elon Musk
Elon Musk, chief executive officer of Tesla Inc., and Omead Afshar, left, leave an event at the site of the company’s manufacturing facility in Shanghai, China, on Monday, Jan. 7, 2019. Qilai Shen | Bloomberg | Getty Images Tesla CEO Elon Musk has fired Omead Afshar, the automaker’s vice president of manufacturing and operations, CNBC […]
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Trump trade deadline of July 9 ‘not critical’: White House
President of the United States Donald Trump arrives at Huis ten Bosch Palace for a dinner ahead of the Nato Summit 2025 on June 24, 2025 in The Hague, Netherlands. Patrick Van Katwijk | Getty Images President Donald Trump could extend his upcoming self-imposed tariff pause deadlines, the White House said Thursday. Asked if Trump […]
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Trump now wields sweeping veto power over U.S. Steel. Here’s how the ‘golden share’ works
U.S. President Donald Trump walks as workers react at U.S. Steel Corporation–Irvin Works in West Mifflin, Pennsylvania, U.S., May 30, 2025. Leah Millis | Reuters President Donald Trump now personally holds sweeping veto power over U.S. Steel’s decisions in key areas, according to an amended corporate charter filed with the Securities and Exchange Commission. U.S. […]
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Stocks making the biggest moves midday: Micron, Penn Entertainment, Equinix, Core Scientific & more
Check out the companies making the biggest moves midday: Micron Technology — The chipmaker slipped nearly 2% even after its fiscal third-quarter financial results topped expectations . Micron’s adjusted earnings were $1.91 per share, versus the $1.60 expected from analysts polled by LSEG. Revenue was $9.3 billion, above the $8.87 billion consensus estimate. Core Scientific […]
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How the Republican megabill targets immigrant finances
Key Points Republican legislation known as the “One Big Beautiful Bill Act,” which has President Donald Trump’s backing, would make the financial lives of immigrants more difficult, experts said. That includes both immigrants who are here lawfully and unlawfully. The GOP would strip access to the child tax credit from certain immigrant households. Lawmakers would […]
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