Month: April 2026
Marvell pops on report it will help Google with custom AI chips. Broadcom shares sink
Marvell Technology Group Ltd. headquarters in Santa Clara, California, on Sept. 6, 2024. David Paul Morris | Bloomberg | Getty Images Shares of Marvell Technology gained nearly 6% on Monday amid reports that Google will use the chip design firm for two new chips to power artificial intelligence workloads. Until now, Google has relied on […]
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Amazon ‘strong-armed’ Levi’s, Hanes to hike prices on rival sites, California DA says
Packages with the logo of Amazon are transported at a packing station of a redistribution center of Amazon in Horn-Bad Meinberg, western Germany, on Dec. 9, 2024. Ina Fassbender | Afp | Getty Images Amazon pressured major brands like Levi Strauss & Co and Hanes to inflate prices of listings on rival online marketplaces as […]
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Tariff refunds begin on Monday. These retailers are due big paydays
U.S. importers, ranging from Target to Walmart, are due more than $160 billion in tariff refunds following a February Supreme Court decision as the Trump administration launches its claims filing portal Monday. Hopes are high for a smooth launch of the system that will facilitate the refunds, but companies and Wall Street analysts are tempering […]
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Hormuz disruptions hit China’s Christmas capital — and holiday spending
Christmas is still eight months away, but artificial tree maker Lou Liping is already worried about a bad holiday season due to the Iran war. Lou’s company, Kitty Christmas Factory, has been making artificial trees for the U.S. and European markets for nearly three decades. Her facility is based in the city of Yiwu, known […]
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How Trump’s psychedelics executive order could unlock stalled cannabis reform
Advocates attend a news conference about the “impact of incarcerating those charged with marijuana-related offenses,” and policy reform ideas, outside the U.S. Capitol on April 20, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images A White House executive order on psychedelics, signed by President Donald Trump on Saturday, aims to speed up research […]
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Chair nominee Kevin Warsh says Fed must ‘stay in its lane’ to maintain independence
Federal Reserve chair nominee Kevin Warsh said Monday the central bank must be largely independent of political influence but also should stay focused on its primary goals. In remarks to be delivered Tuesday to the Senate Banking Committee, Warsh also expressed firm commitment to fighting inflation with only one mention of the labor market. “Simply […]
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Trump threatens Iran again as ceasefire deadline looms, U.S. gears up for peace talks
US President Donald Trump speaks to the press before departing from the South Lawn of the White House in Washington, DC, on April 16, 2026. Brendan Smialowski | AFP | Getty Images President Donald Trump on Monday again threatened Iran with overwhelming military force, saying “lots of bombs [will] start going off” if no deal […]
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Strait of Hormuz ship traffic briefly rose and then slowed after weekend attacks
Commercial ship traffic through the Strait of Hormuz briefly jumped over the weekend before slowing to a trickle again after several attacks on vessels. At least 20 ships transited the strait on Saturday ranging from oil tankers to dry bulk and container ships, according to data from LSEG. The big oil tanker FPMC C Lord […]
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Stocks making the biggest moves midday: Stanley Black & Decker, American Airlines, Dow, Marvell Technology & more
Check out the companies making the biggest moves in midday trading: Stanley Black & Decker — The power toolmaker jumped more than 4% after it said recent changes to Section 232 tariffs aren’t supposed to have a material impact on its full-year forecast . Section 232 tariffs set a general 50% rate on aluminum, steel […]
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Eric Swalwell resignation over sexual misconduct prompts rare House Ethics panel comments
U.S. House impeachment manager Rep. Eric Swalwell (D-CA) delivers part of the impeachment managers’ opening argument in the impeachment trial of former President Donald Trump on charges of inciting the deadly attack on the U.S. Capitol, on the floor of the Senate chamber on Capitol Hill in Washington, February 10, 2021. U.S. Senate TV via […]
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