Tag: education

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Vietnam manufacturers likely to lay off workers if US imposes tariffs: survey

Survey shows most US manufacturers in Vietnam would lay off workers if Trump imposes tariffs on exports.

Exact Sciences Reports Q4 Loss Exceeding Expectations

Exact Sciences reports Q4 loss of $864.6 million, exceeding analyst expectations. Revenue came in at $713.4 million, and full-year revenue is expected to be between $3.03 billion and $3.09 billion.

Bank CEO Pay Raises: Fraser's Surge, Wells Fargo's Lag

CEO Jane Fraser of Citigroup (C) received the largest pay increase among Wall Street bank executives, with a 33% rise to $34.5 million for her role in improving the bank's safety and profitability.

Gas Prices Set to Rise as Refineries Face Maintenance and Outages

Gas prices are expected to jump 25 to 60 cents in the next few weeks, with the West Coast seeing the biggest increases due to refinery maintenance and outages.

Microsoft Touts New Quantum Chip as Game-Changer for Quantum Computing

A new quantum computing chip, Majorana 1, is supposed to make quantum computers useful in years, not decades. Microsoft says its new chip uses a new type of material that takes advantage of a new state of matter.

AheadComputing Raises $21.5 Million in Seed Funding to Build Chips Based on RISC-V Architecture

AheadComputing raises $21.5 million in seed funding to develop CPU technology based on RISC-V architecture for artificial intelligence.

Biden-Era Merger Standards to Remain in Place Under Trump's New FTC Chair

FTC Chair Andrew Ferguson upholds Biden-era merger guidelines, signaling continued antitrust scrutiny for US companies.

KKR Offers $5 Billion for Majority Stake in Thames Water

Investment firm KKR offers £4 billion for a majority stake in Thames Water, expanding the pool of potential buyers for the beleaguered utility.

U.S. Stocks Open Lower as Investors Eye Tariffs, Fed Minutes

US stocks opened lower amid trade concerns and ahead of the release of Federal Reserve minutes. The S&P 500 and Nasdaq Composite each dropped roughly 2%, while the Dow Jones Industrial Average fell 0.3%. Investors await the Fed minutes for insights into the potential impact of tariffs and the chances of rate cuts.

The End of US "Exceptional Performance"?

A call for US stock market exceptionalism in 2023 seems to be fading. Now, investors see outperformance in global stocks, gold, and European equities.