Business News
Amazon CEO Andy Jassy warns Americans cheap prices of everyday goods could be a thing of the past
New York Post - 11 Apr 2025 02:54
"I'm guessing that sellers will pass that cost on," Jassy said of the cost of tariffs.
Asia markets and US futures sink as the tariffs story is 'far from over'
Business Insider - 11 Apr 2025 04:46
Despite President Donald Trump's 90-day pause on most tariffs, markets are not out of the woods.
The Pentagon just killed $5.1 billion in IT and consulting contracts with firms like Accenture and Deloitte, calling it 'wasteful spending'
Business Insider - 11 Apr 2025 03:59Wells Fargo reports stronger-than-expected earnings, CEO calls for 'timely' trade resolution
CNBC - 11 Apr 2025 15:30
Net interest income, a key measure of what a bank makes on loans, fell 6% year over year to $11.50 billion,
US stocks fall after China slaps 125% tariff on US imports, escalating trade war
New York Post - 11 Apr 2025 15:20
After Trump added a 125% tariff on China, bringing the total rate to 145%, the nation responded on Friday morning with a total 125% tax on US imports.
How Tariffs Could Cause Car Insurance Costs to Rise
The New York Times - 11 Apr 2025 15:00
New tariffs are expected to push up prices of vehicles and car parts, and that could raise premiums as much as 16 percent. Here are some tips on how to try to keep costs down.
As Trump Upends Global Trade, Europe Sees an Opportunity
The New York Times - 11 Apr 2025 14:56
Ursula von der Leyen is trying to ensure that if the international trading system is remade, the E.U. is at the center of what comes next.
TikTok deal becomes casualty of Trump's trade war with China
New York Post - 11 Apr 2025 14:43
Trump's U-turn on reciprocal tariffs Wednesday that put the trade war on pause for the entire world except China is making a deal all but impossible, sources told On The Money.
Wall Street bigwigs think it's too early to dive back into stock market -- despite tariffs pause
New York Post - 11 Apr 2025 14:34
Yeah, there are some stocks of great companies beaten down by the tariff tantrums that look cheap, but overall the market faces a huge problem of being overvalued.
Block Fined $40M Over Cash App's Crypto Compliance Failures and 169K Ignored Alerts
Bitcoin.com - 11 Apr 2025 04:30
New York hits Block with a $40 million fine and mandates independent oversight after major compliance failures in Cash App’s bitcoin and fiat transaction monitoring. NY Regulator Unleashes Oversight Blitz on Block Afte...
Challenge to Trump's Tariffs Funded by Groups Linked to Charles Koch and Leonard Leo
The New York Times - 11 Apr 2025 03:39
The legal organization behind a lawsuit challenging President Trump's tariffs is funded by groups linked to Charles Koch and Leonard A. Leo.
Trump administration adds immigrants to Social Security dead list to encourage self-deportation
Market Watch - 11 Apr 2025 03:05Verizon Launches My Biz Plan with Custom Options and Industry-First Price Lock for Small Businesses
Small Business Trends - 11 Apr 2025 23:47
Verizon has launched My Biz Plan, a customizable wireless plan for small businesses featuring an industry-first three-year price lock and flexible add-ons.
CFPB looks to rescind nonbank registry, ignore compliance
American Banker - 11 Apr 2025 23:38
The Consumer Financial Protection Bureau said it will not enforce or supervise nonbank financial firms that miss upcoming compliance deadlines for the nonbank registry of repeat offenders.
US Senate bill threatens crypto, AI data centers with fees -- Report
Coin Telegraph - 11 Apr 2025 23:32
Draft legislation in the US Senate threatens to hit data centers serving blockchain networks and artificial intelligence models with fees if they exceed federal emissions targets, according to an April 11 Bloomberg repor...
What we know about why a tourist helicopter crashed into the Hudson River
Business Insider - 11 Apr 2025 23:31Bridging TradFi and DeFi: Keyrock, Centrifuge Report Touts Tokenization's $50B Bull Case
Bitcoin.com - 11 Apr 2025 23:30
The tokenization of real-world assets (RWAs) is accelerating a fundamental shift in global finance, with blockchain-based U.S. Treasuries, equities, commodities, and private credit poised for exponential growth this year...
Wells Fargo benefits from improved credit quality
American Banker - 11 Apr 2025 23:27
Lower credit costs and better expense control helped the San Francisco-based titan offset the impact of lighter-than-expected revenue.
We trimmed our Wells Fargo price target after mixed earnings. But that's not the whole story
CNBC - 11 Apr 2025 21:21
We're willing to look through these results because of a key catalyst on the horizon.
Now it's TikTok parent ByteDance's turn for a reasoning AI: enter Seed-Thinking-v1.5!
Venture Beat - 11 Apr 2025 21:08
It achieved an 8.0% higher win rate over DeepSeek R1, suggesting that its strengths generalize beyond just logic or math-heavy challenges.
Our 2 chip stocks are the portfolio's biggest winners in one of Wall Street's most volatile weeks
CNBC - 11 Apr 2025 20:46
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Mortgage rates surge over 7% as tariffs hit bond market
CNBC - 11 Apr 2025 19:55
Mortgage rates surged over 7% to end the week, after massive volatility in bond markets surrounding President Donald Trump's tariff agenda.