Month: June 2025
U.S. preparing to partially evacuate Iraq embassy over regional security risks: Reuters sources
US and French soldiers stand guard at Union III Camp in the Green Zone of the Iraqi capital Baghdad on May 22. Ahmad Al-Rubaye | AFP | Getty Images The United States is preparing a partial evacuation of its Iraqi embassy and will allow military dependents to leave locations around the Middle East due to […]
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Oracle shares climb 8% as earnings, revenue top estimates
From left, former Fox Corp Executive Chairman Rupert Murdoch and Larry Ellison, Oracle’s co-founder, chief technology officer and executive chairman, listen as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House in Washington on Feb. 3, 2025. Anna Moneymaker | Getty Images News | Getty Images Oracle shares rose […]
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Small retailers on ‘vacation from hell’ as they seek clarity on Trump’s China tariffs
A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images When Matt Kubancik, a small business owner in Louisville, Kentucky, cast his ballot for Donald Trump in November, he was hoping that the Republican nominee’s return to the White House would provide […]
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Small cap stocks are finally catching a bid as tariff and inflation fears ease
The S & P 500 may be close to a new record high, but small cap stocks might prove the star of the week. The Russell 2000 is up 0.8% week to date, outpacing the S & P 500 , Nasdaq and Dow . This puts the long-suffering small cap index on track for its […]
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Google adds chief AI architect to accelerate development of AI products
VCV | Visual China Group | Getty Images Google on Wednesday added a chief AI architect to its leadership ranks as the company continues to prioritize artificial intelligence and add the technology to more of its products. The company tapped Koray Kavukcuoglu, Google DeepMind’s chief technology officer, for the new senior vice president position, the […]
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Bessent floats extending tariff pause for countries in ‘good faith’ trade talks
U.S. Treasury Secretary Scott Bessent testifies before the House Ways and Means Committee in the Rayburn House Office Building on June 11, 2025 in Washington, DC. Bessent testified on the priorities of the Treasury Department. Kevin Dietsch | Getty Images Treasury Secretary Scott Bessent signaled the Trump administration’s openness on Wednesday to extending President Donald […]
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Chime’s IPO will test public market appetite for fintech as companies line up to exit
Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images There’s a mini-boom happening in fintech. After a multi-year IPO slowdown triggered by rising rates and valuation resets, some of the emerging players in online stock trading, banking, lending and crypto-related services are hitting the public market, or at least preparing for a debut. The […]
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Americans pay trillions in rent, but few get credit score boost for it
An estimated $1.4 trillion is paid to landlords of residential properties every year in America, but only 20% of those landlords choose to report the rent paid. That has big implications for the credit scores and credit histories of millions of Americans. Reporting rent paid on time to credit bureaus can significantly boost credit scores, […]
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Howard Schultz says he ‘did a cartwheel’ when Starbucks CEO Niccol coined ‘back to Starbucks’ strategy
Former Starbucks CEO Howard Schultz drinks from a Starbucks mug while testifying before a Senate Health, Education, Labor, and Pensions Committee hearing to answer questions about the company’s compliance with labor law on Capitol Hill in Washington., U.S., March 29, 2023. Julia Nikhinson | Reuters LAS VEGAS, NEV. — Former Starbucks CEO Howard Schultz said […]
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U.S. budget deficit hit $316 billion in May, with annual shortfall up 14% from a year ago
The U.S. Department of the Treasury building is seen in Washington, D.C., Jan. 19, 2023. Saul Loeb | Afp | Getty Images The U.S. government drifted further into red ink during May, with a burgeoning debt and deficit issue getting worse, the Treasury Department reported Wednesday. After running a short-lived surplus in April thanks to […]
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