Year: 2025
Microsoft pauses hiring in U.S. consulting unit as part of cost-cutting plan, memo says
Executive Chair and CEO of Microsoft Corporation Satya Nadella speaks during the “Microsoft Build: AI Day” event in Jakarta, Indonesia, on April 30, 2024. Ajeng Dinar Ulfiana | Reuters Microsoft plans to pause hiring in part of its consulting business in the U.S., according to an internal memo, as the company continues seeking ways to […]
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Biden administration finalizes crackdown on Chinese vehicles
Chinese made BYD passenger battery electric vehicles and plug-in hybrid electric vehicles collectively known as new energy vehicles in China in a compound in Sheerness, Kent. Issue date: Thursday April 4, 2024. Gareth Fuller | Pa Images | Getty Images President Joe Biden’s outgoing administration is finalizing rules on Tuesday that will effectively bar nearly […]
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Mark Wiedman, a top BlackRock exec thought to be Fink’s successor, is leaving the company
In this article BLK Follow your favorite stocksCREATE FREE ACCOUNT Mark Wiedman, Head of the Global Client Business of BlackRock, attends the Global Financial Leaders’ Investment Summit, in Hong Kong, China Nov. 8, 2023. Tyrone Siu | Reuters Mark Wiedman, a senior BlackRock executive with a tenure that spans more than 20 years, is leaving […]
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Budget deficit rose in December and is now 40% higher than it was a year ago
A view from the United States Department of the Treasury building in Washington DC, United States on December 30, 2024. The US Treasury Department was cyberattacked by a Chinese state-sponsored actor in early December. Celal Gunes | Anadolu | Getty Images The federal budget sank further into red ink during December, leaving the first fiscal […]
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Biden administration will announce it’s lifting state sponsor of terrorism designation for Cuba
A man with a tattoo depicting late revolutionary hero Ernesto ‘Che’ Guevara wears a T-shirt with colors of the U.S. flag in downtown Havana, Cuba, October 18, 2024. Norlys Perez | Reuters The Biden administration on Tuesday is expected to lift the U.S. designation of Cuba as a state sponsor of terrorism, according to U.S. […]
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Crypto ETFs have big innovation opportunity in 2025, but demand may be weak
Omer Taha Cetin | Anadolu | Getty Images Crypto ETFs may be entering a year of innovation, with new funds and new approaches, but don’t expect demand to match what was seen in the first year of bitcoin ETFs. Bitcoin exchange-traded funds debuted a year ago and have been hailed as one of the most […]
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FDA proposes putting nutrition info on the front of food packages
Nutrition labels are seen on food packaging in Miami, Florida. Joe Raedle | Getty Images The Food and Drug Administration on Tuesday proposed a new rule for nutrition labels on packaged food and drinks that’s intended to help Americans make healthier choices at a glance. Under the new rule, which shoppers could see as early as 2028, […]
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Elon Musk, Mark Zuckerberg and Jeff Bezos will attend Trump inauguration, NBC reports
Elon Musk embraces Donald Trump during a campaign rally in Butler, Pennsylvania on Oct. 5, 2024. Anna Moneymaker | Getty Images Tesla and SpaceX CEO Elon Musk, Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos will attend President-elect Donald Trump’s inauguration, NBC News reported on Tuesday. They will be seated on the platform near […]
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Morgan Stanley notes another threat to the market besides rates and gives stocks that are immune
With 2025 having just begun, the U.S. dollar has already emerged as the topic du jour for the new year. The greenback has strengthened in value over the last few months, spurred by President-elect Donald Trump’s proposed economic tariffs. Since the November election, the U.S. dollar index — which measures the U.S. currency against a […]
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Stocks making the biggest moves midday: Eli Lilly, Applied Digital, Boeing and more
Check out the companies making headlines in midday trading. Eli Lilly – The drugmaker’s shares tumbled more than 7% after the firm said demand for its weight loss and diabetes drugs would not meet its lofty expectations . Eli Lilly said it now expects full-year 2024 revenue of about $45 billion, lower than the $45.4 […]
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