Business

Senate Finance Committee approves President Trump's pick for top trade negotiator, Jamieson Greer, along party lines, despite criticism from Democrats over Trump's trade policies.

Published on: February 12, 2025, 08:00 PM UTC

Brazil's Vale to invest $12.2 billion in iron ore, copper mining expansion

Published on: February 12, 2025, 08:00 PM UTC

The Consumer Financial Protection Bureau (CFPB), established by Congress to regulate financial institutions, has been halted by the Trump administration. The CFPB, responsible for protecting consumers from unfair practices, has faced scrutiny over its funding and regulatory authority. Critics argue it lacks sufficient oversight while supporters highlight its bipartisan watchdog mission. The Biden administration's rules capping overdraft fees and removing medical debt from credit reports are now on hold. Industry groups welcome the administration's actions, while consumer advocates express concern about increased vulnerability to fraud and predatory practices.

Published on: February 12, 2025, 07:04 PM UTC

Air India delays decision on Boeing jet options amid production backlog

Published on: February 12, 2025, 07:04 PM UTC

Amazon stock remains supported by investors despite a mediocre fourth quarter, with experts highlighting strong AWS performance and promising investments in generative AI for retail.

Published on: February 12, 2025, 07:03 PM UTC

Meta's (META) fundamentals, including user engagement and advertising improvements, drive stock performance, not the relationship between Mark Zuckerberg and former President Trump.

Published on: February 12, 2025, 07:02 PM UTC

Meta's strong start to 2023 contrasts with struggles faced by other tech giants. The social media company's investments in AI are paying off, driving growth in ad sales and user engagement. Meta's open-source approach to AI models is also attracting attention, with the potential for future revenue streams.

Published on: February 12, 2025, 07:01 PM UTC

Reddit earnings preview: Analysts expect another beat amid AI-fueled ad revenue growth

Published on: February 12, 2025, 07:01 PM UTC

Canada to retaliate against U.S. tariffs on steel and aluminum, says PM Trudeau. The tariffs could cost 75,000 U.S. jobs and hurt U.S. growth, Trudeau says.

Published on: February 12, 2025, 06:05 PM UTC

Chevron plans to cut 15%-20% of its global workforce, impacting up to 9,000 employees, as part of a cost reduction strategy aiming for $2-$3 billion in savings by 2026 to enhance efficiency and competitiveness.

Published on: February 12, 2025, 06:04 PM UTC