Year: 2025
Harvard’s battle with the Trump administration is creating a thorny financial situation
Harvard University’s Dunster House in Cambridge, Massachusetts. Blake Nissen for The Boston Globe via Getty Images Harvard’s brewing conflict with the Trump administration could come at a steep cost — even for the nation’s richest university. On April 14, Harvard University President Alan Garber announced the institution would not comply with the administration’s demands, including […]
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Trump administration threatens to bar Harvard from enrolling foreign students
U.S. President Donald Trump hosts Italian Prime Minister Giorgia Meloni and her visiting officials in the Cabinet Room at the White House on April 17, 2025 in Washington, DC. Win Mcnamee | Getty Images The Trump administration is threatening to revoke Harvard University’s ability to enroll international students, ratcheting up its clash with the Ivy […]
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These stocks could be primed for strong gains even as tariff volatility persists
Investors may have parted too soon and too fast from a handful of stocks, indicating they may be due for a rebound ahead. Stocks were lower again on Thursday , following a sharp pullback one day earlier and ahead of a long three-day weekend and market holiday. U.S. equities have been whipsawed in April following […]
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Stocks making the biggest moves midday: Eli Lilly, Alphabet, Hertz, UnitedHealth and more
Check out the companies making headlines in midday trading: Alphabet — Shares of the megacap technology name pulled back 1.2% after a federal judge ruled that Google has illegally monopolized online advertising technology , namely the markets for publisher ad servers and ad exchanges. Hertz — The rental car company surged 50% to a 52-week […]
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Should investors dump U.S. stocks for international equities? Here’s what experts are saying
Key Points U.S. stocks had been outperforming the world for years heading into 2025. Now, some investors are changing their investment strategy to boost their international exposure. Although global diversification may be a good move as U.S. markets come under pressure, CNBC Financial Advisor Council members caution against chasing returns. Source
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American Express’s wealthy cardholders are mostly untouched by tariff jitters
American Express‘s affluent cardmembers are showing few signs of curbing their spending, and younger customers drove growth in first-quarter transaction volumes, Chief Financial Officer Christophe Le Caillec told CNBC. Billed business on AmEx cards rose 6% in the period, or 7% when adjusted for the impact of leap year, the company reported Thursday, which shows that the […]
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Tax attorneys say IRS has become a ‘zombie’ as agency cuts staff and halts audits of the wealthy
People walk in the rain past the Internal Revenue Service (IRS) building in Washington, D.C., U.S., April 11, 2025. Jonathan Ernst | Reuters A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. […]
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Global Payments shares plunge 17% after company announces $24 billion Worldpay deal
The Global Payments Company logo seen displayed on a smartphone. Igor Golovniov | LightRocket | Getty Images Global Payments shares tumbled 17% on Thursday after the company said it’s buying Worldpay for more than $24 billion while simultaneously selling its Issuer Solutions business to Fidelity National Information Services. The company said that in acquiring Worldpay, […]
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Chinese tea chain Chagee soars 30% in stock market debut
People are shopping at a CHAGEE store in Shanghai, China, on October 18, 2023. Costfoto | Nurphoto | Getty Images Shares of Chinese tea chain Chagee soared 30% during its public market debut on Thursday, as the company plans a U.S. launch despite trade tensions between Washington and Beijing. The stock, which is trading on […]
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Netflix earnings are after the bell. Here’s what to expect
Beata Zawrzel | Nurphoto | Getty Images Netflix is due to report first-quarter earnings after the closing bell Thursday. The report marks the first time that the streaming giant isn’t disclosing quarterly subscriber data as it shifts its strategy to focus on revenue and other financial metrics as performance indicators. Netflix’s earnings also come as […]
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