UK inflation surged in the year leading to January, primarily driven by rising food prices, air fares, and an increase in private school fees. The unexpected rise to […]
Banks
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HSBC to save $1.8 billion over two years under new CEO
HSBC reported annual profits that exceeded estimates, driven by growth in wealth and markets businesses, while unveiling cost-cutting targets under its new CEO Georges Elhedery. The bank announced […]
Economy
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Trump suggests 25% tariffs on autos, pharma and semiconductors that could go even higher
Former President Donald Trump proposed expanding U.S. tariffs to include automobiles, pharmaceuticals, and semiconductors, with duties starting at 25% and potentially increasing substantially over a year. The tariffs […]
Economy
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Nikola, Electric Truck Maker, Files for Bankruptcy
Nikola, an electric vehicle start-up that aimed to become a leader in heavy trucks, filed for bankruptcy protection on Wednesday. Founded in 2015, the company promised hydrogen and […]
Real Estate
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United Rentals to walk away after H&E receives ‘superior’ takeover bid from Herc
Shares of H&E Equipment Services rose 13% after Herc Holdings made a superior takeover offer valued at $104.59 per share, surpassing United Rentals’ previous bid of $92 per […]
Markets
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S&P 500 Gains and Losses Today: Intel Stock Pops on TSMC, Broadcom Deal Report
U.S. equity indexes saw minor gains in the first trading session after Presidents Day, with the S&P 500 closing up 0.2% following a late-session rally. The Dow and […]
Real Estate
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Fast-food giant KFC leaves Kentucky home for Texas
KFC, formerly known as Kentucky Fried Chicken, is relocating its U.S. corporate headquarters from Louisville, Kentucky, to Plano, Texas, according to Yum Brands. The move will affect around […]
Economy
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Elon Musk expresses interest in sending out DOGE checks
Elon Musk has expressed interest in a proposal to send Americans rebate checks, representing a portion of savings from slashing federal government costs. This follows an idea by […]
Economy
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Target’s DEI Rollback Sparks Significant Backlash
Nearly a month after Target announced the scaling back of some of its diversity, equity, and inclusion (DEI) programs, the company is encountering backlash from customers, descendants of […]
Economy
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US to impose new tariffs on autos, chips and pharmaceuticals as early as April, Trump says
President Donald Trump announced plans to impose tariffs of approximately 25% on auto imports, semiconductors, and pharmaceuticals shipped to the United States, with the measures set to take […]