Posts with tag: social issues
President Trump fires Rohit Chopra as Director of the Consumer Financial Protection Bureau. Chopra, an Obama administration holdover, had been criticized by Republicans and the financial industry for his regulatory actions.
Published on: February 01, 2025, 05:01 PM UTC
Apple beats earnings estimates, but iPhone sales in China decline. Analysts remain bullish, citing Tim Cook's explanation of the decline and the company's strong AI capabilities.
Published on: January 31, 2025, 08:02 PM UTC
Smaller firms look to hunt larger prey in improving environment for deals. Consolidation through M&A prevalent as companies seek to bulk up and achieve cost-cutting. Stock rallies and low interest rates fuel bolder acquisitions, with all-stock deals gaining traction.
Published on: January 31, 2025, 02:01 PM UTC
US stocks surged on Thursday afternoon as investors digested earnings from major tech companies and anticipated Apple (AAPL) results for insights into the prospects of the tech industry.
Published on: January 31, 2025, 01:02 PM UTC
The US Justice Department is suing to block Hewlett Packard Enterprise's $14 billion acquisition of Juniper Networks, citing concerns that the deal would harm competition in the market for enterprise wireless equipment.
Published on: January 30, 2025, 07:00 PM UTC
Whirlpool's Q4 loss beats estimates, North American sales drop, slashes stake in Indian subsidiary; shares plunge 17%
Published on: January 30, 2025, 04:05 PM UTC
Stocks dropped on Wednesday, led by tech companies, after the Federal Reserve left interest rates unchanged and removed a reference to progress against inflation. Nasdaq led the decline, with Nvidia pressured by concerns over chip exports to China. Meta and Microsoft stocks declined after earnings results. Tesla rose in after-hours trading despite missing earnings estimates. Fed Chair Powell downplayed a change in language in the Fed's statement on inflation, stating it was "language cleanup" rather than a signal. IBM and Big Tech earnings will be released after the bell.
Published on: January 29, 2025, 10:02 PM UTC
Sony Group President Hiroki Totoki will become CEO on April 1, while Kenichiro Yoshida will remain as chairman. Tao Lin will succeed Totoki as CFO.
Published on: January 29, 2025, 02:00 AM UTC
Founder of DeepSeek, Liang Wenfeng, presents China's AI tech advancements and open-source initiatives to potentially disrupt the global AI landscape following US export controls.
Published on: January 28, 2025, 01:07 PM UTC
Global stocks fell as Chinese AI startup DeepSeek threatens US dominance; posing a challenge to industry leaders like Nvidia and their valuations.
Published on: January 27, 2025, 09:00 AM UTC