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Spirit Airlines rejected the latest acquisition offer from Frontier Group.
Published on: February 12, 2025, 04:00 AM UTC
President Trump is nominating Brian Quintenz, the head of policy at Andreessen Horowitz's a16z crypto arm, to lead the Commodity Futures Trading Commission. Quintenz served as a Republican commissioner at the CFTC during the first Trump administration before joining the venture capital firm.
Published on: February 12, 2025, 03:01 AM UTC
Temu is shifting to a "half-custody" framework in response to Trump's tariffs, which threatens to increase prices on the budget shopping app as merchants lose economies of scale and incur higher delivery costs. The shift may also result in fewer Chinese suppliers selling on the platform, especially smaller merchants unable to command favorable shipping rates or devote resources to managing logistics.
Published on: February 12, 2025, 03:00 AM UTC
Foxconn Chairman says cooperation with Nissan is the aim, not acquisition.
Published on: February 12, 2025, 03:00 AM UTC
US stocks closed mixed on Tuesday as investors assessed more tariff policy shifts from President Donald Trump and looked ahead to upcoming inflation data. Traders also digested the start of Federal Chair Jerome Powell's two-day testimony in Congress.
Published on: February 12, 2025, 02:02 AM UTC
Meta stock surges to record high after 16 consecutive days of gains amid AI spending plans and positive earnings.
Published on: February 12, 2025, 02:01 AM UTC
Crypto Powerhouse World Liberty Financial Launches Token Reserve to Bolster Bitcoin and Ethereum
Published on: February 12, 2025, 02:00 AM UTC
Jinjiang International Group signs joint venture framework agreement with Warner Bros to develop a Harry Potter theme park in Shanghai, set to open in 2027.
Published on: February 12, 2025, 02:00 AM UTC
Mexican airport operator, GAP, announced a $2.53B investment plan over 5 years to boost capacity at its airports in Mexico by 50%.
Published on: February 12, 2025, 01:00 AM UTC
Despite a 25% tariff on aluminum imports, Coca-Cola expects minimal price increases and plans to innovate with new can sizes and designs. The company reported strong Q4 earnings that exceeded expectations, and analysts remain bullish due to solid organic sales growth and conservative guidance.
Published on: February 12, 2025, 12:03 AM UTC