Author: Admin
Apple acquires video editing company MotionVFX to boost subscribers
Tim Cook, chief executive officer of Apple Inc., opens the door during the first day of in-store sales of Apple’s latest products at Apple’s Fifth Avenue store in New York, US, on Friday, Sept. 19, 2025. Kena Betancur | Bloomberg | Getty Images Apple has acquired video editing company called MotionVFX, which offers plugins, templates […]
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Apollo’s John Zito questions private equity’s software valuations: ‘All the marks are wrong’
Key Points Apollo executive John Zito said private equity firms are broadly misstating the value of their software holdings, telling UBS clients last month that “all the marks are wrong.” Zito warned that lenders to smaller software companies could recover as little as 20 to 40 cents on the dollar, implying deep losses. Apollo sought […]
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Iran war is the latest ‘worst-case scenario’ for travel, expert says. How to minimize the pain of future disruptions
People wait in long TSA lines as the partial government shutdown continues for several weeks at airports like Chicago O’Hare in Chicago, IL, United States on March 9, 2026 Peter Zay/ | Anadolu | Getty Images The first three months of the year have brought significant disruptions for travelers. The ongoing war in Iran, cartel […]
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White House chief of staff Susie Wiles diagnosed with ‘early stage breast cancer’: Trump
Susie Wiles, White House chief of staff, in the Oval Office of the White House in Washington, June 27, 2025. Yuri Gripas | Bloomberg | Getty Images White House chief of staff Susie Wiles has been diagnosed with “early stage breast cancer” but remains committed to her job while undergoing treatment, President Donald Trump said […]
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Oil crisis unlikely to lead to bear market, says CFRA’s Sam Stovall
Though oil prices have spiked in the aftermath during the Iran war, disruption in energy markets probably won’t lead to a major downturn in U.S. stocks, according to Sam Stovall at CFRA Research. The war – now in its third week – has brought about the biggest oil supply disruption in history by closing the […]
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Stocks making the biggest moves midday: Nvidia, Peloton, Meta, Dollar Tree & more
Check out the companies making the biggest moves in midday trading: Peloton — The connected fitness company, known for its at-home Bike and Tread products, announced a new commercial series for high-traffic gyms on Monday. Shares gained 4.5%. Meta — Shares of the Facebook parent rose more than 2% after Reuters reported that Meta anticipates […]
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Durbin and Raskin call for perjury investigation into DHS’ Kristi Noem
DHS Secretary Kristi Noem testifies during the House Judiciary Committee hearing titled “Oversight of the Department of Homeland Security,” in Rayburn building on Wednesday, March 4, 2026. Tom Williams | Cq-roll Call, Inc. | Getty Images The top Democrats on the House and Senate Judiciary committees are calling on Attorney General Pam Bondi to investigate […]
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Bessent says Treasury is not intervening in oil commodities markets and has no authority to do so
Treasury Secretary Scott Bessent said Monday that the administration has no plans to intervene in financial markets and may not have the authority to do so even if it wanted. In a CNBC interview, Bessent addressed rumors that the Treasury Department or some other arm of government might step in to try to lower oil […]
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Strait of Hormuz standoff puts supply of America’s generic drug prescriptions at risk
An employee monitors bottles as they move along the drug production line inside the packaging unit at the Lupin Ltd. pharmaceutical plant in Salcette, Goa, India, Bloomberg | Bloomberg | Getty Images The closure of the Strait of Hormuz by Iran is a military strategy with vast consequences for the global economy, not just in […]
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Oil’s war-driven volatility pulls in record retail money, fueling ‘meme-style’ trading
The Iran war news flow-driven oil moves are drawing retail investors into the world’s most traded commodity, further fueling volatility. Small investors have poured record sums into oil-linked exchange-traded funds in recent weeks as prices have whipsawed amid the Middle East conflict and fears of extended disruptions to crude flows through the Strait of Hormuz. […]
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