Year: 2025
China’s electric car boom is expected to slow down in 2025
Key Points China’s electric car market is headed for a sharp slowdown in 2025, according to analyst predictions, increasing pressure on companies trying to survive. Strong sales volumes have enabled “strugglers and stragglers” to hang on despite falling margins, Yuqian Ding, head of China autos research at HSBC, said in a report last week. China’s […]
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SEC charges Robinhood with securities violations, brokerage to pay $45 million penalty
Scott Olson | Getty Images Two Robinhood broker-dealers agreed to pay $45 million in combined penalties to settle administrative charges by the Securities and Exchange Commission that they violated more than 10 separate securities law provisions related to their brokerage operations. The violations by Robinhood Securities LLC and Robinhood Financial LLC related to failures to […]
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Trump plans limited inauguration festivities despite massive fundraising haul
A member of the U.S. Army Herald Trumpets participates in a rehearsal for inauguration on the West Front of the U.S. Capitol on January 12, 2025 in Washington, DC. Kevin Dietsch | Getty Images Donald Trump’s presidential transition team on Monday released a schedule of official parties, gatherings and other events that will surround his […]
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Netflix and Comcast among companies donating to LA wildfire relief effort
Evacuees from the Eaton Fire dwell among heaps of clothes displayed on the ground at a donation center in Santa Anita Park, Arcadia, California, on Jan. 13, 2025. Etienne Laurent | AFP | Getty Images As Los Angeles continues to battle wildfires that have destroyed parts of the city and killed at least 24 people, […]
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IAC approves spinoff of home improvement marketplace Angi
Joey Levin, CEO of IAC. Anjali Sundaram | CNBC Barry Diller’s IAC said Monday that its board approved the spinoff of Angi, the home improvement marketplace the company acquired in 2017. IAC said it expects the transaction to close in the second quarter of the year. The two companies will post their respective fourth-quarter results […]
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There’s a popular tech stock washout Monday as Palantir, Nvidia and Rigetti Computing drop
Dominika Zarzycka | Nurphoto | Getty Images Technology stocks popular with retail investors tumbled Monday as investors took profits on their 2024 winners and dumped the more speculative names in an environment of rising interest rates. Nvidia slumped 2%. Palantir dropped 4%, while quantum computing winner Rigetti Computing plunged about 33%. Last year’s Nasdaq winner […]
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Quantum computing stocks sell-off accelerates as Zuckerberg becomes latest tech CEO to temper sector enthusiasm
Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Quantum computing stocks sold off Monday after Meta Platforms CEO Mark Zuckerberg cautioned that uses for computers with these capabilities remain years away. “I’m […]
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As TikTok faces potential U.S. ban, China’s RedNote tops Apple app store
U.S., Chinese flags, TikTok logo and gavel are seen in this illustration taken Jan. 8, 2025. Dado Ruvic | Reuters Chinese social media app RedNote has skyrocketed to the top of Apple’s app store, underscoring concerns that TikTok will soon be effectively banned in the U.S. RedNote, or Xiaohongshu as it’s known in China, is […]
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Trump Media shares jump more than 21% ahead of presidential inauguration
Jakub Porzycki | Nurphoto | Getty Images Shares of Trump Media jumped more than 21% in midday trading Monday, ahead of President-elect Donald Trump’s inauguration next week. The stock, which trades under the DJT ticker, is now on pace for its best day since Nov. 18, when shares surged 16.65% following news that the company […]
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Watch live: Biden delivers his final foreign policy speech
[The stream is slated to start at 2 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Joe Biden is delivering an address aimed at highlighting his foreign policy achievements in office. The Democratic president’s speech at the State Department in Washington is billed as a […]
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