Tag: family

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Cash-strapped Wattbike seeks new backers to avoid funding crunch

Wattbike, supplier of premium exercise bikes to elite athletes, faces financial strain amid declining sales and seeks new investors to avoid a cash crunch.

Musk's Plunging Popularity: From Billionaire Savior to Political Provocateur

Elon Musk's unpopular role as head of President Trump's government efficiency commission has drawn criticism, with a recent poll showing a decline in support for his influence within the administration.

RGA Q4 profit trails estimates, revenue beats

Reinsurance Group of America (RGA) reported Q4 net income of $148 million ($2.22 per share), below estimates of $5.24 per share. Revenue of $5.24 billion exceeded forecasts of $5.46 billion. For the year, the company reported profit of $717 million ($10.73 per share) and revenue of $22.85 billion.

Bank's Forecasts Contradict UK Chancellor's Growth Plans

The Bank of England's latest economic forecasts contradict Chancellor Rachel Reeves' plans to boost UK growth, predicting a slowdown, rising inflation, and a potential recession. This poses challenges for Reeves as she attempts to repair public finances and improve business sentiment.

Trump's Biggest Moves Fall Short of Addressing Americans' Top Concerns

President Trump's actions in office have diverged from voter priorities. Instead of addressing inflation and economic concerns, he has focused on import tariffs, immigration, and foreign aid. Economists argue that his policies could harm economic growth and worsen Americans' financial situation. Experts suggest Trump could address pressing issues like food inflation, housing affordability, and insurance costs, but he has not taken significant action on these matters.

Vanguard Makes Massive Fee Cuts, Now Lowest in the Industry

Vanguard Lowers Fees Again, Boosting Long-Term Returns for Investors

Ferrari Stock Climbs on Strong Earnings, EV Unveiling

Ferrari stock surged after the luxury automaker reported Q4 results that beat expectations, driven by strong sales of its Purosangue SUV, Roma Spider, and 296 GTS sports cars.

Pfizer Q4 Earnings Beat; Weak Outlook Sends Stock Down

Pfizer Q4 Earnings Beat Estimates But Stock Falls on Downsizing Plans

US Stocks Plunge as Trump's Tariffs Spark Market Selloff

US stocks plummeted on Monday due to President Trump's tariffs on China, Mexico, and Canada. The tech-heavy Nasdaq Composite (^IXIC) fell more than 2%, while the S&P 500 (^GSPC) spiraled down 1.6%. The Dow Jones Industrial Average (^DJI) tumbled 1.2%, or over 550 points.

Bill Gates Reflects on His Life and Legacy in 'Source Code'

In a candid interview, Bill Gates opens up about his early life, his drug use as a teenager, and the success of Microsoft and the Gates Foundation.