Year: 2025
Asia-Pacific markets trade mixed after Fed’s Powell signals no urgency to lower rates
Yusuf Gandhi | 500Px | Getty Images Asia-Pacific markets opened mixed Wednesday after Federal Reserve Chair Jerome Powell signaled there was no urgency to cut rates. Powell on Tuesday re-emphasized the central bank’s focus on curbing inflation and signaled that policymakers were not in a rush to push interest rates lower. Australia’s S&P/ASX 200 traded […]
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Appeals court rejects Trump administration bid to reinstate funding freeze
U.S. President Donald Trump speaks in the Oval Office of the White House in Washington, D.C., U.S., Feb. 11, 2025. Kevin Lamarque | Reuters A federal appeals court on Tuesday rejected the Trump administration’s bid to pause a lower court’s order that temporarily halted a massive freeze in federal funding. A judge in Rhode Island on Monday […]
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Stock futures are little changed as traders brace for January consumer inflation report: Live updates
Orange juice futures extend losing streak Orange juice futures (MAR) were lower again Tuesday, marking their eighth consecutive negative session. OJ hit a low of 385.50 cents per pound, its lowest level since May 9, 2024. This pullback comes despite futures reaching all-time highs in mid-December. Market observers are surprised by the recent downturn, given […]
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Tesla drops 6% after BYD partners with DeepSeek, Musk adds to DOGE distractions with OpenAI bid
Tesla and SpaceX CEO Elon Musk joins U.S. President Donald Trump during an executive order signing in the Oval Office at the White House on Feb. 11, 2025 in Washington, DC. Andrew Harnik | Getty Images Tesla shares dropped 6% on Tuesday after Chinese rival BYD announced plans to develop autonomous vehicle technology with DeepSeek, […]
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White House bars AP reporter from Oval Office because of AP style policy on ‘Gulf of America’
U.S. President Donald Trump speaks to reporters after signing a proclamation renaming the Gulf of Mexico to the Gulf of America, while flying over the gulf aboard Air Force One en route to New Orleans to attend the Super Bowl, February 9, 2025. Kevin Lamarque | Reuters The White House blocked an Associated Press reporter […]
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Bank stocks set to do ‘pretty well’ under Trump 2.0, investor says, naming his favorites
Investment bank stocks are set to benefit from the Trump presidency, according to investor Kingsley Jones, who said it was time for financials to “step up.” Speaking to CNBC’s Martin Soong, the Australian investor struck a bullish tone on the outlook for stocks as U.S. President Donald Trump’s second term gets underway. “Wall Street, in […]
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Super Micro ‘confident’ it will meet SEC deadline and reach $40 billion next fiscal year
Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024. Annabelle Chih | Bloomberg | Getty Images Super Micro Computer gave optimistic commentary for its fiscal 2026 and delayed annual report that overshadowed its slashed fiscal 2025 revenue guidance in Tuesday’s preliminary second-quarter results. CEO Charles Liang said […]
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Stocks making the biggest moves after hours: DoorDash, Lyft, Upstart, Super Micro Computer and more
Check out the companies making headlines in extended trading. DoorDash — The food delivery stock traded nearly 6% higher after better-than-expected revenue for the fourth quarter. DoorDash reported revenue of $2.87 billion in its most recent quarter, while analysts surveyed by LSEG forecast $2.84 billion. Gilead Sciences — The biopharmaceutical stock advanced 4% after fourth-quarter […]
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Musk says DOGE is ‘what democracy is all about’ during Oval Office visit
Elon Musk on Tuesday defended his “Department of Government Efficiency” against critics, saying the unaccountable cost-slashing task force represents the will of American voters who elected President Donald Trump. “That’s what democracy is all about,” said Musk, who contributed more than $250 million to getting Trump elected. Musk, with one of his young sons in tow, stood alongside Trump in the […]
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Amazon opens beauty and personal care store in Italy, as part of brick-and-mortar expansion
Amazon is opening a beauty and health products store in Milan, marking the company’s latest brick-and-mortar experiment. The store is located in the city center of Milan, Italy, and features a range of beauty and personal care items, as well as non-prescription drugs, Amazon said in a blog post. The first store, which is called […]
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