Month: September 2025
Ken Griffin knocks Trump’s corporate deals, says ‘all of us lose’ when government starts picking winners
CEO of Citadel Ken Griffin is interviewed Chairman of the Milken Institute Michael Milken (not pictured) during the Milken Institute Global Conference 2025 in Beverly Hills, California, U.S., May 7, 2025. Mike Blake | Reuters Citadel CEO Ken Griffin on Thursday knocked the Trump administration for making deals with large corporations to avoid the full […]
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New car sales get surprising boost, for now, as consumers fear tariffs and higher prices
GMC SUVs parked outside a GMC Buick dealership in Edmonton, Alberta, Canada, on March 22, 2025. Artur Widak | Nurphoto | Getty Images DETROIT — Uncertainty surrounding U.S. regulations on tariffs, electric vehicles and other auto-related issues have given new car sales a surprising boost heading into the fourth quarter, according to a new industry […]
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Amazon reaches $2.5 billion settlement with FTC over ‘deceptive’ Prime program
The Amazon Prime logo is displayed on the side of an Amazon delivery truck in Richmond, California, on June 21, 2023. Justin Sullivan | Getty Images Amazon will pay $2.5 billion to settle Federal Trade Commission allegations that the company duped users into paying for Prime memberships, the regulatory agency announced Thursday. The surprise settlement […]
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Democrats double down on health care demands with government shutdown days away
House Minority Leader Hakeem Jeffries, D-N.Y., holds a news conference on the government funding deadline in the Will Rogers Corridor in the U.S. Capitol on Thursday, September 24, 2025. Bill Clark | Cq-roll Call, Inc. | Getty Images Washington, D.C., is at an impasse with just days to go before the federal government shuts down, […]
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Former Fed, Treasury chiefs urge Supreme Court to block Trump firing Lisa Cook
Lisa Cook takes the oath of office to serve as a member of the Board of Governors at the Federal Reserve System during a ceremony at the William McChesney Martin Jr. Building of the Federal Reserve May 23, 2022 in Washington, DC. Drew Angerer | Getty Images Every living former chair of the Federal Reserve, […]
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Former French President Sarkozy handed 5-year jail term in stunning downfall
Former French president Nicolas Sarkozy arrives for the verdict in his trial for illegal campaign financing from Libya for his successful 2007 presidential bid, at the Tribunal de Paris courthouse in Paris, on September 25, 2025. Julien De Rosa | Afp | Getty Images Former French president Nicolas Sarkozy was sentenced to five years in […]
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European banks seize on region’s nascent stablecoin market with new launch
A growing number of voices have warned about the impact that a “run” on stablecoins could have on traditional financial markets. Just_super | Istock | Getty Images Plans by a consortium of European banks to launch a new stablecoin could draw the region’s crypto-averse investors into the digital assets fold — and potentially speed up […]
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Existing home sales stall in August amid higher mortgage rates
A sold sign is posted in front of a home for sale on Aug. 27, 2025 in San Francisco, California. Justin Sullivan | Getty Images Sales of previously owned homes were essentially flat in August, coming in 4 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. That is […]
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Starbucks to close stores, lay off workers in $1 billion restructuring plan
In the message to employees Thursday, Niccol said the company had reviewed and identified stores where the company would be “unable to to create the physical environment our customers and partners expect, or where we don’t see a path to financial performance.” Starbucks executives had previously said that the company would be slowing new openings […]
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CoreWeave inks $6.5 billion deal with OpenAI
Michael Intrator, co-founder and chief executive officer of CoreWeave Inc., during an interview on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, Sept. 22, 2025. Michael Nagle | Bloomberg | Getty Images CoreWeave on Thursday announced a $6.5 billion deal with OpenAI, expanding its current agreement with the […]
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