business news
Trump family gets 75% of crypto coin revenue, has no liability, new document reveals
Donald Trump’s crypto project, World Liberty Financial, published a 13-page document on Thursday, describing its mission, how tokens can be allocated, and indicating that the Republican presidential nominee and his family could take home 75% of net revenue. In what it calls the “World Liberty Gold Paper,” WLF said the Trump family will receive 22.5 […]
Read More
Chinese robotaxi firm Pony AI files for U.S IPO
Chinese tech giant Baidu’s robotaxis have grabbed about 10% of the ride-hailing market in a Beijing suburb, the company said Tuesday Vcg | Visual China Group | Getty Images China-based autonomous driving firm Pony AI, backed by automaker Toyota, filed for an initial public offering in the U.S. on Thursday, in another sign of growing investor interest in new […]
Read More
Teen tobacco use falls to 25-year low as fewer pick up e-cigarettes
In this photo illustration, ZYN nicotine cases and pouches are seen on a table on January 29, 2024 in New York City. Michael M. Santiago | Getty Images Tobacco product use among middle and high school students has dropped to a 25-year low, the Centers for Disease Control and Prevention and the U.S. Food and […]
Read More
Musk’s win on India satellite spectrum raises prospect of price war with Ambani
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, arrives to pay his last respect to Indian industrialist Ratan Tata at the National Centre for the Performing Arts (NCPA) ahead of its cremation in Mumbai on October 10, 2024. Punit Paranjpepunit Paranjpe | AFP | Getty Images Having just lost a battle with Elon Musk […]
Read More
Pennsylvania Republican House candidate touts union ties in must-win race
In his campaign’s TV ads, Pennsylvania Republican House candidate Rob Bresnahan talks about being a third-generation union contractor. His brochures claim he has created well paying union jobs. These union ties are a key part of Bresnahan’s pitch to voters as he campaigns in the hopes of unseating incumbent Democratic Rep. Matt Cartwright. It’s not […]
Read More
Google CEO names new search and ads boss, slides predecessor to role of chief technologist
Google is replacing Prabhakar Raghavan, the company’s search and ads boss, with longtime Google executive Nick Fox. The move was announced by Alphabet CEO Sundar Pichai, who said in a blog post on Thursday that Raghavan will be moving into the role of chief technologist after 12 years of leading teams across the search company. […]
Read More
These companies reporting earnings next week have a history of beating expectations
Several companies are due to report earnings next week, including some potential standouts. Earnings season is ramping up, with 22% of S & P 500 members expected to post their quarterly results next week. So far, most of the constituents that have reported third-quarter earnings have exceeded earnings and revenue expectations, according to FactSet. Against […]
Read More
Amazon makes first foray into live news with election night special hosted by Brian Williams
Brian Williams. Lloyd Bishop | NBC | Getty Images Amazon said Thursday it plans to host an election night special anchored by Brian Williams, marking the company’s first foray into live news coverage. The one-night special will provide election results and analysis on Prime Video starting at 5 p.m. ET on Nov. 5, the company […]
Read More
Crypto crooks: Kidnapping, huge bar bills and exotic cars are linked to one of the biggest bitcoin thefts in U.S. history
Jakub Porzycki | NurPhoto via Getty Images Two young men accused of committing one of the largest person-to-person crypto thefts in U.S. history went on a brazen spending spree that included buying exotic cars, a $2 million wristwatch, renting mansions and running up nightclub tabs of hundreds of thousands of dollars apiece, new court records […]
Read More
Hedge fund manager Daniel Loeb believes Trump’s chances are increasing and he’s betting accordingly
Third Point’s Daniel Loeb believes the odds are rising that former President Donald Trump will win the U.S. presidency this November over Vice President Kamala Harris, and the influential hedge fund manager is increasing positions that would benefit under a Republican administration and Congress. “We believe that the likelihood of a Republican victory in the […]
Read More