Year: 2025
Biden administration looks for ways to keep TikTok available in the U.S.
A view shows the office of TikTok after the U.S. House of Representatives overwhelmingly passed a bill that would give TikTok’s Chinese owner ByteDance about six months to divest the U.S. assets of the short-video app or face a ban, in Culver City, California, March 13, 2024. Mike Blake | Reuters President Joe Biden’s administration […]
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Apple fourth-quarter iPhone shipments in China drop 25% as Huawei closes in, Canalys data shows
Apple opened its 54th flagship store in Greater China in the city of Wuhan in May. The iPhone company warned in late April that supply chain disruptions from China’s Covid controls would likely hurt sales in the current quarter by $4 billion to $8 billion. Sopa Images | Lightrocket | Getty Images Apple’s smartphone shipments in China plunged 25% in the fourth […]
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Asia-Pacific markets track Wall Street gains; South Korea unexpectedly keeps rates unchanged
People walk inside the Korea Exchange (KRX) building, as stock markets in Asia as a whole have been affected by the intensifying political turmoil over president Yoon Suk Yeol’s role in martial law, in Seoul, South Korea, on Dec. 9, 2024. Daniel Ceng | Anadolu | Getty Images Asia-Pacific markets climbed Thursday, after U.S. markets […]
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Tesla is offering Cybertruck discounts as EV market gets crowded
A soldier walks next to a Tesla Cybertruck, which was donated to the National Guard, after powerful winds fueling devastating wildfires in the Los Angeles area forced people to evacuate, in the Pacific Palisades neighborhood on the west side of Los Angeles, California, U.S. Jan. 13, 2025. Daniel Cole | Reuters Tesla started offering discounts […]
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Biden argues ‘oligarchy,’ social media are threats to democracy in farewell speech
President Joe Biden on Wednesday night kicked off his farewell speech from the Oval Office, zeroing in on perceived threats to democracy and society, including an “oligarchy,” climate change and aspects of technology. He urged the country to ensure that artificial intelligence is safe and trustworthy, and lambasted how misinformation and disinformation spreads on social platforms. The president criticized […]
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Goldman Sachs CEO Solomon says IPO market is ‘going to pick up’ along with dealmaking
David Solomon, CEO of Goldman Sachs, speaks during the Reuters NEXT conference, in New York City, U.S., December 10, 2024. Mike Segar | Reuters Goldman Sachs CEO David Solomon says there’s an end in sight to the multi-year IPO drought. “It’s going to pick up,” Solomon said on Wednesday, in an on-stage interview with Cisco […]
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Bank of Korea leaves rates unchanged at 3% in a surprise move
The Bank of Korea (BOK) in Seoul on Dec. 28, 2024. Kim Jae-Hwan | Lightrocket | Getty Images South Korea’s central bank Thursday held its benchmark policy rate at 3% in a surprise move, having delivered two back-to-back cuts in its previous meetings amid a slowing economy. Economists polled by Reuters had estimated a 25-basis-point […]
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Stock futures are little changed after S&P 500 posts best day since November: Live updates
Traders work on the floor of the New York Stock Exchange on Jan. 15, 2025 in New York City. David Dee Delgado | Getty Images U.S. stock futures are little changed Wednesday night after the S&P 500 posted its best day since November, on the back of a tame inflation report and blowout bank results. […]
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Cushion your portfolio in 2025 with these fixed income assets. Where to put your cash to work
Investors are facing the prospect of “higher for longer” interest rates, and that presents an opportunity for those who want to build up portfolio income. The Federal Reserve dialed back its expectations for 2025 rate cuts at its December meeting, penciling in only two reductions this year – down from the four predicted in September. […]
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Who’d buy Ubisoft? Top potential suitors for beleaguered Assassin’s Creed maker
With Ubisoft’s latest Assassin’s Creed game facing delays and independent board members reviewing strategic options, analysts are speculating on whether the gaming giant may finally put itself up for sale. The beleaguered French publisher last week postponed the launch of its upcoming “Assassin’s Creed Shadows” game by another month and appointed advisors to review its […]
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