Year: 2025
Trump announces 50% tariff on Brazil in retaliation for Bolsonaro trial, trade deficit
U.S. President Donald Trump answers questions during a multilateral lunch with African leaders in the State Dining Room of the White House July 9, 2025 in Washington, DC. Win McNamee | Getty Images President Donald Trump said Wednesday the U.S. will slap a 50% tariff on Brazil’s imports, partly in retaliation for the ongoing prosecution […]
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Amazon Web Services is building equipment to cool Nvidia GPUs as AI boom accelerates
The letters AI, which stands for “artificial intelligence,” stand at the Amazon Web Services booth at the Hannover Messe industrial trade fair in Hannover, Germany, on March 31, 2025. Julian Stratenschulte | Picture Alliance | Getty Images Amazon said Wednesday that its cloud division has developed hardware to cool down next-generation Nvidia graphics processing units […]
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Cereal maker WK Kellogg shares jump 50% on report of possible $3 billion deal with Ferrero
Boxes of various Kellogg’s cereals are displayed on shelves at a Walmart Supercenter on May 6, 2025 in Austin, Texas. Brandon Bell | Getty Images Shares of WK Kellogg soared more than 50% on Wednesday following a report that chocolate maker Ferrero is close to a roughly $3 billion deal to buy the cereal company. […]
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OpenAI to release web browser in challenge to Google Chrome
Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023. Dustin Chambers | Bloomberg | Getty Images OpenAI is close to releasing an AI-powered web browser that will challenge Alphabet’s market-dominating Google Chrome, three people familiar with the matter told Reuters. The browser is slated to launch […]
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Nvidia’s latest milestone shows this is still the AI bull market
Nvidia has shaken off concerns about tariffs and competition to hit a new Wall Street milestone, reinforcing that the artificial intelligence boom is still at the heart of this stock market rally. The chip giant briefly passed $4 trillion in market value on Wednesday, the first company ever to do so, and its shares are […]
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Most Fed officials see rate cuts coming, but opinions vary widely on how many, minutes show
Federal Reserve officials diverged at their June meeting about how aggressively they would be willing to cut interest rates, split between concerns over tariff-fueled inflation and signs of labor market weakness and economic strength. Minutes from the June 17-18 meeting released Wednesday showed that policymakers largely held to a wait-and-see position on future rate moves. […]
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Eli Manning says he’s no longer interested in buying a piece of the NFL’s Giants: ‘It’s too expensive for me’
Former New York Giants quarterback Eli Manning is no longer interested in buying a minority stake in his old team, telling CNBC Sport Wednesday that he’s been priced out. “Basically, it’s too expensive for me,” Manning told CNBC Sport in an interview. “A 1% stake valued at $10 billion turns into a very big number.” […]
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Oak View Group CEO Leiweke charged with bid rigging in U. of Texas arena project
Oak View Group CEO Tim Leiweke has been indicted on a federal criminal conspiracy charge related to his alleged role in rigging the bidding to develop, manage and operate the University of Texas’ basketball arena in Austin. Leiweke, 68, is accused in the indictment of conspiring with another would-be bidder on the $338 million Moody […]
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Perplexity launches AI-powered web browser for select group of subscribers
Perplexity AI on Wednesday launched a new artificial intelligence-powered web browser called Comet in the startup’s latest effort to compete in the consumer internet market against companies like Google and Microsoft. Comet will allow users to connect with enterprise applications like Slack and ask complex questions via voice and text, according to a brief demo […]
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Retailers log $7.9 billion in online sales in first 24 hours of Prime Day
A worker sorts packages on Amazon Prime Day in New York, US, on Tuesday, July 8, 2025. Klaus Galiano | Bloomberg | Getty Images U.S. online sales jumped 9.9% year over year to $7.9 billion on Tuesday, the kickoff of Amazon‘s Prime Day megasale, according to Adobe Analytics. At that level, it marks the “single […]
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