Tag: education

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Trump Accuses US Banks of De-Banking Conservatives

Trump confronts banks over claims they're 'de-banking' conservatives amid GOP takeover of Washington. Bank of America and JPMorgan deny allegations.

Trump Scraps Biden's $2 Generic Drug Plan for Medicare

President Trump reversed a Biden administration executive order to lower drug prices, including a plan to provide generic drugs for $2 to Medicare patients.

Wall Street Closes Higher, S&P 500 Hits Record as Investors Digest Trump's Davos Remarks

US stocks closed higher on Thursday, with the S&P 500 closing at a fresh record as investors digested remarks from President Donald Trump at the World Economic Forum in Davos. The S&P 500 gained 0.53%, the Dow Jones Industrial Average rose 0.92%, and the Nasdaq Composite finished 0.22% higher. Trump said he will "demand that interest rates drop immediately" and that he will ask OPEC to bring down the price of oil.

CNN Lays Off 200, Invests $70 Million in Digital Transformation

CNN is laying off 6% of its workforce as part of a broader plan to invest $70 million in its digital operations and pivot to a digital-first strategy.

Dr. Doom Sounds Alarm on Humanoid Robots at World Economic Forum

Dr. Doom warns of potential job loss and inflation as humanoid robots and tariffs loom large at the World Economic Forum in Davos.

AI's Rise: Out of Control or Ready for Regulation?

At the World Economic Forum, leaders debate the control and impact of artificial intelligence (AI) on business and society. While some believe AI is not yet out of control, others argue it requires regulation or guardrails. The tech industry is particularly concerned about the potential risks of AI in areas such as social media. The World Economic Forum predicts that by 2030, AI will transform 86% of businesses, leading to the creation of new jobs but also the loss of existing ones.

Indian Software Firm Mphasis Posts Strong Q3 Earnings

Indian software services company Mphasis posts a profit surge in third-quarter earnings, supported by strong performance in its banking segment and technology, media, and telecom sectors.

Big Tech Earnings Season: AI Revenue, Trump Factor, and TikTok's Fate

Big Tech's earnings season kicks off next week with AAPL, META, and MSFT reporting. Expect updates on AI revenue and spending, the impact of the Trump administration, and the fate of TikTok.

Cass Information Systems reports fourth-quarter profit of $4.6 million

Cass Information Systems reports Q4 profit of $4.6 million, or 33 cents per share, on revenue of $50.4 million.

Independent Bank Corp. beats estimates in Q4

Independent Bank Corp. reports Q4 net income of $18.5 million, exceeding Wall Street expectations with earnings of 87 cents per share on revenue of $86.1 million.