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FICO Reports 18.6% Rise in First-Quarter Profit

Fair Isaac Corporation (FICO) announces a rise in Q1 profit of 18.6%, growth in scores and software segments, and expected demand boost due to Trump's tax cuts and deregulation.

Elon Musk Sues OpenAI Over Conversion to For-Profit Company

Elon Musk sues OpenAI, alleging the company has betrayed its founding aims as a nonprofit research lab. A federal judge weighs Musk's request for a court order to block OpenAI's transition to a for-profit company.

Robinhood's Sports Event Contracts Blocked by CFTC

Robinhood's event contracts for Super Bowl LIX halted by CFTC request; shares gain 1% despite setback.

Willis Towers Watson Beats Earnings Estimates

Willis Towers Watson reports Q4 profit of $1.25 billion, above expectations, with adjusted EPS of $8.13, but revenue missed at $3.04 billion.

Tariffs Drive Market Volatility as Certainty Vanishes

The market is volatile as investors try to gauge the impact of Trump's tariff policy. While some think the tariffs will be a short-lived step toward a negotiated settlement, others believe they could weigh on S&P 500 earnings growth. Only time will tell which scenario plays out.

Chipotle Earnings: Sales Growth May Slow but Remain Strong

Chipotle battles headwinds as sales growth slows amidst tariff concerns and restaurant industry challenges.

Apollo Boasts Record Wealth Capital, Targets $1.5 Trillion in Managed Assets

Apollo Global Management reported a 50% increase in assets under management from its wealth business. In 2023, the firm raised $12 billion from this sector and expects to reach $150 billion by 2029.

Panasonic Raises Energy Unit Forecast, Sets Profitability Target

Panasonic raises earnings forecast for energy unit supplying Tesla batteries, seeks group profitability improvement

China Tightens Grip on Critical Minerals with New Export Controls

China imposes sweeping export controls on tungsten, indium and other metals used in defence, clean energy and other sectors, amid ongoing trade tensions with the US.

Shein's Planned London Listing in Doubt as Trump Moves to Scrap De Minimis Exemption

Shein's planned £50bn London listing in doubt after Donald Trump moves to close tax loophole. The move could see the Chinese fast fashion company face hundreds of millions of dollars in additional import duties.