The US trade deficit hit a record high in March as companies accelerated imports of products, including pharmaceuticals, ahead of anticipated tariffs by the Trump administration. This surge […]
Markets
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S&P 500 Declines as Palantir, Pharmaceuticals Weigh on Market
The S&P 500 dropped for a second consecutive day as investors processed corporate earnings and awaited updates on tariffs and the Federal Reserve’s interest rate decision. The index […]
Banks
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Retail Investors Flood Into Berkshire Hathaway Amid Buffett’s Leadership Transition
Retail investors poured over \$24 million into Berkshire Hathaway’s Class B stock on Monday, signaling confidence in incoming CEO Greg Abel despite Warren Buffett’s announcement that he plans […]
Uncategorized
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Rite Aid’s Store Closures and Sales: What Customers Can Expect
Rite Aid customers should anticipate changes as the drugstore chain undergoes another bankruptcy filing. The company plans to sell customer prescription files, inventory, and other assets while closing […]
Technology
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AMD Reports First Quarter 2025 Financial Results
SANTA CLARA, Calif., May 06, 2025 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD) announced its financial results for the first quarter of 2025. The company reported a revenue of $7.4 […]
Technology
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OpenAI’s For-Profit Conversion Plans Face Uncertainty
Microsoft’s stock fell following reports that OpenAI dropped its for-profit move. OpenAI’s planned overhaul to become a for-profit entity remains uncertain, as indicated by Bloomberg and The Wall […]
Technology
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IBM CEO Discusses AI’s Impact on Workforce
IBM’s CEO has stated that artificial intelligence (AI) has replaced hundreds of jobs within the company but has also created new roles in programming and sales. IBM and […]
Banks
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Fed Meeting Begins Amid Trump’s Calls for Rate Cuts
The Federal Reserve is holding its meeting this week to decide on interest rates, with economists and investors expecting no changes despite President Trump’s repeated demands for rate […]
Markets
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S&P 500 Futures Little Changed Ahead of Fed Policy Meeting Amid Tariff Uncertainty
S&P 500 futures showed little change on Monday night as investors braced for the Federal Reserve’s upcoming policy meeting. Futures tied to the Dow Jones Industrial Average were […]
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Rite Aid Closing All Remaining New York Stores After Second Bankruptcy Filing
Rite Aid is shutting down all its remaining New York stores following prolonged financial difficulties. The drugstore chain, which still operates 178 stores in the state, filed for […]