Berkshire Hathaway’s shares gained momentum as operating earnings surged, but the company’s investment gains from its portfolio slowed significantly in the fourth quarter, dropping to $5.2 billion from […]
Banks
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Robinhood Escapes SEC Penalties in Crypto Probe
Robinhood has announced that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the company’s crypto business without taking any enforcement action. The fintech firm, […]
Markets
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Dow futures jump 300 points as traders look to recover from Friday’s sell-off: Live updates
Stock market futures moved higher early Monday as Wall Street aimed to recover from a decline late last week. Futures for the Dow Jones Industrial Average rose by […]
Uncategorized
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Starbucks lays off 1,100 corporate employees as coffee chain streamlines
Starbucks has announced plans to lay off 1,100 corporate employees globally as part of a restructuring effort led by new Chairman and CEO Brian Niccol. In a letter […]
Markets
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Robinhood says SEC dismissed crypto unit investigation in latest sign of easier regulation for industry
The Securities and Exchange Commission (SEC) has dropped its investigation into Robinhood’s crypto arm, the company revealed Monday. Robinhood received a letter from the SEC’s Enforcement Division on […]
Economy
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Germany election – Complicated coalition negotiations ahead – economic outcome scenarios
An early-week note from ING on the German election outcome highlights “Complicated coalition negotiations ahead.” ING concludes that fiscal policy will be shaped by trade-offs between tax relief, […]
Economy
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Steve Cohen Warns of Slower Economic Growth and Potential Market Correction
Billionaire investor Steve Cohen has warned of an impending slowdown in U.S. economic growth, coupled with a “significant correction” in the markets. Speaking at the Future Investment Initiative […]
Markets
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Key Highlights Before the Stock Market Opens
U.S. stock futures are trending higher as investors anticipate a market recovery following last week’s declines. Among the key developments, Apple (AAPL) announced a $500 billion investment in […]
Uncategorized
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Starbucks to Lay Off 1,100 Corporate Employees Amid Sales Decline
Starbucks announced on Monday that it will lay off 1,100 corporate employees and leave several hundred open positions unfilled, according to CEO Brian Niccol. The layoffs will not […]
Technology
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Apple to Invest $500 Billion in U.S. Facilities Amid Tariff Concerns
Apple announced on Monday a commitment to invest $500 billion in expanding U.S. facilities over the next four years, a move that could help mitigate the impact of […]