Month: June 2025
Danny Moses of ‘The Big Short’ breaks down why he likes the unloved energy sector now
Investor Danny Moses, who made a killing betting against mortgage-backed debt before the 2008 crash, revealed he is bullish on the unloved energy sector. The Moses Ventures founder pointed out that energy stocks’ weighting in the S & P 500 benchmark is only 3% right now, compared to their historical average of 7%. “I don’t […]
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WWDC25 live updates: Apple to announce iOS 26, AI developments
Apple brings together its operating system names to simply 26 Thomas Fuller | SOPA Images | Lightrocket | Getty Images Apple is changing the style of its names of operating systems for all of its devices. To reflect the majority of the year when these software updates will be available to customers, the company will […]
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OpenAI hits $10 billion in annual recurring revenue fueled by ChatGPT growth
OpenAI Chief Executive Officer Sam Altman appears on screen during a talk with Microsoft Chairman and Chief Executive Officer Satya Nadella at the Microsoft Build 2025 conference in Seattle, May 19, 2025. Jason Redmond | AFP | Getty Images OpenAI has hit $10 billion in annual recurring revenue less than three years after launching its […]
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California Gov. Newsom plans to sue Trump over National Guard deployment to LA protests
California Governor Gavin Newsom (R) speaks as California Attorney general Rob Bonta looks on during a news conference at Gemperle Orchard on April 16, 2025 in Ceres, California. Justin Sullivan | Getty Images California Gov. Gavin Newsom said Monday that he will sue President Donald Trump for his deployment of the National Guard to deal […]
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CEO recession expectations decline from April scare, survey says
Alexander Spatari | Moment | Getty Images Business leaders are walking back recessionary expectations for the U.S. that initially spiked in the aftermath of President Donald Trump’s tariff announcement, according to data released Monday. Less than 30% of CEOs forecast either a mild or severe recession over the next six months, per Chief Executive Group’s […]
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Warner Bros. Discovery split throws the future of TNT Sports into question
David Zaslav attends the world premiere of “The Flash”, in Hollywood, Los Angeles, California, U.S., June 12, 2023. REUTERS/Mike Blake Mike Blake | Reuters Earlier this year, Warner Bros. Discovery Chief Executive Officer David Zaslav ended his company’s long relationship with the National Basketball Association. Now, he may be setting the stage to end his […]
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Stocks making the biggest moves midday: Warner Bros. Discovery, TopGolf Callaway, EchoStar, Apple & more
Check out the companies making the biggest moves midday: Warner Bros. Discovery – Shares jumped 7% after Warner said it will split into two publicly traded companies by next year. One company will host WBD’s streaming services and movie properties, while the other will include its cable networks such as CNN and TNT Sports. Universal […]
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‘Trump accounts’: CEOs to unveil investments for newborns at White House
US President Donald Trump gives a thumbs up as he exits Marine One and walks to board Air Force One at Joint Base Andrews, Maryland, on June 6, 2025. Andrew Caballero-Reynolds | AFP | Getty Images The CEOs of Uber, Dell, Goldman Sachs and more are expected to announce Monday that they will collectively invest […]
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Photos show Waymo vehicles on fire during LA protests as company cuts service
A row of Waymo vehicles burn on a street during an anti-ICE protest in downtown Los Angeles, California, on June 8, 2025. Benjamin Hanson | Afp | Getty Images Several Waymo autonomous vehicles were set ablaze in downtown Los Angeles on Sunday amid widespread protests against President Donald Trump’s immigration crackdown. A spokesperson for the […]
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Walmart is using its own fintech firm to provide credit cards after dumping Capital One
Key Points Walmart’s majority-owned fintech startup OnePay said Monday that it was launching a pair of new credit cards for customers of the world’s biggest retailer. To do so, OnePay is partnering with Synchrony, a major behind-the-scenes player in retail cards, which will issue the cards and handle underwriting decisions starting in the fall, the companies […]
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