Year: 2025
Elon Musk must face lawsuit claiming he ran illegal $1 million election lottery
Elon Musk, chief executive officer of Tesla Inc., during a meeting between US President Donald Trump and Cyril Ramaphosa, South Africa’s president, not pictured, in the Oval Office of the White House in Washington, DC, US, on Wednesday, May 21, 2025. Jim Lo Scalzo | Bloomberg | Getty Images Elon Musk was ordered on Wednesday […]
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Microsoft’s gutting of discounts for some clients likely baked into guidance, analyst says
Microsoft CEO Satya Nadella speaks at Axel Springer Neubau in Berlin on Oct. 17, 2023 Ben Kriemann | Getty Images Microsoft said last week that it plans to stop providing discounts on enterprise purchases of its Microsoft 365 productivity software subscriptions and other cloud applications. Since the announcement, analysts have published estimates on how much […]
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Asia markets set for muted start as investors assess S&P 500’s four-day losing streak
Evening view of Marine Drive, Queen’s necklace, Juhu and Chowpatty beaches Grant Faint | The Image Bank | Getty Images Asia-Pacific markets were poised for a muted start to the day as investors assessed the four-day losing streak for the S&P 500, led by declines in tech stocks. Investors in the region are awaiting India’s HSBC Composite […]
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Alibaba says smart car spinoff Banma plans to list shares in Hong Kong
Alibaba’s global headquarters in Hangzhou, Zhejiang Province, China, on May 9, 2024. Nurphoto | Nurphoto | Getty Images Alibaba-backed Banma, a provider of technology for smart cars, is planning to list shares on the Hong Kong Stock Exchange, according to a filing. In a filing dated Aug. 21, Alibaba said it currently owns about 45% […]
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Fewer people are drinking — and that’s changing how they travel
Peter Shankman, an American, said he looked forward to free drinks when he flew business class for work. The entrepreneur would have a drink, then a few more, sleep, then land. All was well, he said. Until it wasn’t. “Eventually, I realized that I wasn’t fine,” he said. “I was tired, cranky … [it] wasn’t […]
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Stock futures are flat after a 4-day losing streak for S&P 500: Live updates
A trader works on the floor of the New York Stock Exchange on Aug. 4, 2022. Source: NYSE Stock futures were little changed in overnight trading Wednesday following a four-day losing streak for the S&P 500 as tech names dragged the broader market lower. Futures on the Dow Jones Industrial Average were flat. S&P 500 […]
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As Target chases a comeback, its new CEO must take on skeptical investors and customers
People walk by a Target store in midtown Manhattan in New York City, March 21, 2025. Kylie Cooper | Reuters When Target’s new CEO Michael Fiddelke steps into the role in early February, he will inherit a company facing slumping sales, faltering customer loyalty and skeptical investors. Its fiscal second-quarter results posted Wednesday illustrated the […]
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Judge calls Trump DOJ’s request to release Epstein grand jury records a ‘diversion’
Portrait of American financier Jeffrey Epstein, left, and Donald Trump as they pose together at the Mar-a-Lago estate in Palm Beach, Florida, in 1997. Davidoff Studios Photography | Archive Photos | Getty Images A federal judge on Wednesday refused to unseal grand jury materials in Jeffrey Epstein’s criminal case, while slamming the Trump administration’s request […]
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Divided Fed worried about tariffs, inflation and the labor market, minutes show
Key Points The meeting summary depicted a divergence of opinion among the central bankers, whose vote to hold their key rate steady came despite objections from two Fed governors who argued in favor of cutting. “Participants generally pointed to risks to both sides of the Committee’s dual mandate, emphasizing upside risk to inflation and downside […]
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Here’s what has happened to the stock market in the past after the Fed cut rates at record highs
The Federal Reserve is expected to lower interest rates in September for the first time since December, at a time when the stock market has rallied to consecutive record highs. Here’s what tends to happen to stocks in this unique backdrop. The fed funds futures market is indicating an 87% chance for a quarter-point rate […]
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