Tag: social media

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Jamie Dimon Defends Debanking, Says Politics Isn't the Reason

JPMorgan Chase CEO Jamie Dimon defends debanking practices, citing regulatory pressure rather than political motivations. President Trump calls on banks to open accounts for conservatives, while House Committee on Oversight and Government Reform investigates debanking of US customers.

Dollar Retreats After Trump Shies Away From Tariffs

The US dollar fell from near two-year highs Friday after President Trump said he would prefer not to impose tariffs on China. The dollar index, which measures the dollar's value relative to six other currencies, fell over 0.5% on Friday. Analysts believe the unknown of Trump's tariff policy will remain a key driver of the dollar's value in the months ahead.

Burman Family Faces Rival Bid for Religare Stake

Indian financial services company Religare Enterprises in takeover battle after proposal from American businessman to purchase 26% stake at a premium.

WH Smith Explores Sale of High Street Business

British retailer WH Smith exploring options including sale for its high street business

Meta Stock Analysts Hike Price Targets as AI Focus Intensifies

Meta Platforms Stock Outlook: Analysts Upgrade Following Focus on AI

Stocks Rally to Record Highs as Trump Jolts Market

Stocks climb for the week and notched the best start to a presidential term since Ronald Reagan in 1985, as investors bet on policies to boost the economy and lower taxes. Stay informed with Bloomberg Daybreak podcast and more.

US Oil and Gas Rig Count Falls to Lowest Since Dec. 2021

US energy firms reduce oil and gas rig count for a third week, signaling lower future output.

Bank Stocks Rise on Hopes of Deregulation Under Trump

Morgan Stanley CEO Predicts Deregulation, M&A Wave Under Trump, Benefitting Banks and Energy Companies

Meta Ups AI Ante With $60B Expansion Plan

Meta doubles down on AI, plans $60 billion spending spree and new data center

Stargate’s $500 Billion AI Project: Hype or Reality?

Trump White House's Stargate AI project faces scrutiny over funding, job promises. Elon Musk, critics raise concerns about feasibility and impact on communities.