Donald J. Trump
Palantir is soaring while its tech peers are sinking. Here’s why
Alex Karp, chief executive officer of Palantir Technologies Inc., speaks during the AIPCon conference in Palo Alto, California, US, on March 13, 2025. David Paul Morris | Bloomberg | Getty Images Tech stocks have struggled in 2025, as recession and trade war fears sap investor appetite for riskier assets. Palantir is the exception. Against a […]
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Musk’s DOGE cuts helped his companies avoid over $2 billion in legal liabilities, new Senate report alleges
Elon Musk may skirt more than $2 billion in possible financial liabilities by exercising his influence over the federal government, a new report from Senate Democratic committee staffers out Monday alleges. Musk’s ‘Department of Government Efficiency’ has brought sweeping changes to Washington with its slash-and-burn campaign to gut agencies and purge the federal workforce. President […]
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Musk’s DOGE cuts helped his companies avoid over $2 billion in legal liabilities, new Senate report alleges
Elon Musk may skirt more than $2 billion in possible financial liabilities by exercising his influence over the federal government, a new report from Senate Democratic committee staffers out Monday alleges. Musk’s ‘Department of Government Efficiency’ has brought sweeping changes to Washington with its slash-and-burn campaign to gut agencies and purge the federal workforce. President […]
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Temu adds ‘import charges’ of about 145% after Trump tariffs, more than doubling price of many items
Jaque Silva | Nurphoto | Getty Images Chinese e-tailer Temu has started adding “import charges” of about 145% in response to President Donald Trump’s tariffs. The fees, which began cropping up over the weekend after price hikes went into effect on Friday, cost more than the individual products consumers are buying and can more than […]
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Wealthy consumers upped their spending last quarter, while the rest of America is cutting back
Key Points Lower-income earners are reining in their transactions to focus on essentials, while the wealthy continue to spend freely on perks including dining out and luxury travel, according to first-quarter results from U.S. credit card lenders. Synchrony, which provides store cards for retail brands including Lowe’s and T.J. Maxx, spending fell 4% in the […]
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PayPal kicks off fintech earnings as investors fear impact of Trump tariffs on consumer spending
FILE PHOTO: A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021. Dado Ruvic | Reuters PayPal, Block and Affirm are all closely tied to the health of the consumer, which has investors on edge headed into their earnings reports. Markets broadly have been jittery to […]
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Cloud software vendors Atlassian, Snowflake and Workday are betting on security startup Veza
From left, Veza founders Rob Whitcher, Tarun Thakur and Maohua Lu. Veza Tech giants like Google, Amazon, Microsoft and Nvidia have captured headlines in recent years for their massive investments in artificial intelligence startups like OpenAI and Anthropic. But when it comes to corporate investing by tech companies, cloud software vendors are getting aggressive as […]
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IBM pledges $150 billion to boost U.S. tech growth, computer manufacturing
Arvind Krishna, chief executive officer of International Business Machines Corp. (IBM), during a Bloomberg Television interview at the World Governments Summit in Dubai, United Arab Emirates, on Tuesday, Feb. 11, 2025. Christopher Pike | Bloomberg | Getty Images International Business Machines Corporation on Monday announced it will invest $150 billion in the U.S. over the […]
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Meta’s AI spending comes into focus amid Trump’s tariff policies
Meta CEO Mark Zuckerberg looks on before the luncheon on the inauguration day of U.S. President Donald Trump’s second Presidential term in Washington, U.S., Jan. 20, 2025. Evelyn Hockstein | Reuters Mark Zuckerberg’s plan is to make Meta the market leader in artificial intelligence. Investors will want to know how President Donald Trump’s tariffs-heavy trade […]
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Trump’s approval ratings fall as he nears 100 days in office, polls show
U.S. President Donald Trump speaks to members of the media as he departs for Rome, Italy, to attend Pope Francis’ funeral, at the White House in Washington, D.C., U.S., April 25, 2025. Leah Millis | Reuters President Donald Trump’s approval rating is dipping as he nears 100 days in office and Americans grow skeptical of […]
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