Month: June 2025
Britain wants to lift a ban on a key crypto product — and catch up to the U.S.
LONDON — The U.K. is set to lift a ban on a key type of crypto debt security in a bid to catch up to the U.S. and other financial hubs as it looks to become a global hub for digital assets. On Friday, the Financial Conduct Authority, the U.K.’s main regulator for financial services, […]
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Trump ‘not interested’ in call with Musk, White House official says
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images President Donald Trump is “not interested” in a call with Tesla CEO Elon Musk to resolve their feud, a senior White House official […]
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Musk vs. Trump drama dominated in DC, but Germany’s Merz quietly walked away with a win
President Donald Trump gestures toward the press as he greets German Chancellor Friedrich Merz upon arrival at the West Wing of the White House in Washington, DC, on June 5, 2025. Saul Loeb | Afp | Getty Images German Chancellor Friedrich Merz’s meeting with U.S. President Donald Trump was dramatically overshadowed by the U.S. leader’s […]
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Stocks making the biggest premarket moves: Tesla, Circle, Broadcom, Lululemon and more
Check out the companies making the biggest moves in premarket trading: Tesla —The EV maker added nearly 5%, a day after plunging 14% as CEO Elon Musk and President Donald Trump publicly feuded . Broadcom — Shares of the chipmaker slipped about 2% before the opening bell, on the heels of lackluster free cash flow […]
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Why millions of Americans would lose health insurance under House GOP megabill
Key Points Federal funding cuts in the House of Representatives’ One Big Beautiful Bill Act may prompt millions of Americans to lose insurance under Medicaid and the Affordable Care Act. With the Senate now poised to consider the legislation, here’s who experts say could be most vulnerable to getting dropped from health care coverage. Source
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At WWDC, Apple’s AI strategy comes into question
One year ago, Apple announced Apple Intelligence, its response to the wave of sophisticated chatbots and systems kicked off by the arrival of ChatGPT and the age of generative AI. Analysts said Apple’s installed base of more than 1 billion iPhones, the data on its device and its custom-designed silicon chips were advantages that would […]
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Russia lowers interest rates to 20% in first cut since 2022 as inflation pressures ease
A Moscow shopping mall pictured earlier this year. Anadolu | Anadolu | Getty Images Russia’s central bank on Friday cut its sky-high interest rates for the first time since September 2022, in a sign that inflation pressures — not long ago described by President Vladimir Putin as “alarming” — are beginning to ease. The Bank […]
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Russian ruble: The curious case of the world’s best-performing currency this year
A Russian ruble coin with a U.S. dollar bill and a quarter dollar coin in Moscow, on Oct. 10, 2023. Alexander Nemenov | AFP | Getty Images In the midst of a long-drawn war, declining oil prices, stiff sanctions, and an economy that’s on the downhill, Russia’s ruble has been rising. In fact, it is […]
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What the Musk-Trump feud could mean for Tesla stock
The spat between U.S. President Donald Trump and Elon Musk, the world’s richest person, entered new territory on Thursday — with Tesla getting caught up in the fallout. What began with Musk publicly slamming Trump’s spending bill has evolved into a full-blown row between the two, with the president threatening to withdraw billions of dollars’ […]
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Tesla jumps 5% in premarket trading as stock reels from Trump-Musk drama
A Tesla car dealership stands on June 5, 2025 in the Brooklyn borough of New York City. Spencer Platt | Getty Images Tesla shares climbed in U.S. premarket trading Friday after tensions between CEO Elon Musk and President Donald Trump fueled a $152 billion rout for the stock a day earlier. Shares of Tesla were […]
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