Business & Economy
Insights into financial markets, business trends, and economic shifts.
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eToro rises nearly 29% on first trading day in upbeat sign for IPO market
Shares of the trading app eToro Group soared 29% on Wednesday after pricing at a higher-than-expected $52. eToro’s impressive debut,…
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Microsoft layoffs hit coders hardest with AI costs on the rise
Microsoft Corp.’s recently announced job cuts fell hardest on the people who build the company’s products, showing that even software…
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Two bullish signs: S&P 500 tips positive for the year and the Nasdaq sees a successful IPO
Markets on Wednesday continued the week’s steady upward climb following earlier news of a tariff truce between the U.S. and…
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Boeing marks comeback from crisis with record Qatar Air deal
A year after Boeing Co. slogged through a deep executive shakeup and prolonged existential crisis, the US planemaker just landed…
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RFK Jr. defends slashing almost a quarter of all staff at the health department: ‘When we consolidate them, Democrats say they’re eliminating them’
WASHINGTON (AP) — Republicans and Democrats alike on Wednesday questioned the deep staffing cuts, research funding freezes and drastic policy…
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Banks are sitting on $500 billion in unrealized losses, and stagflation could cause another Silicon Valley Bank-like crisis
Banks got caught “chasing yield” and took big losses when the Federal Reserve dramatically hiked interest rates to fight inflation.…
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An AI-powered Coca-Cola ad campaign mistakenly invented a book by a famous author
A new ad campaign from Coca-Cola appears to mistakenly attribute a non-existent J.G. Ballard work to the author. The section…
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Fed’s Goolsbee says it’s ‘not realistic’ to expect business or central banks to make major decisions
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RFK Jr. is about to get grilled by the Senate health committee for the first time since he was confirmed
WASHINGTON (AP) — Republican Sen. Bill Cassidy wanted an assurance from Robert F. Kennedy Jr. before he would vote to put him…
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Tesla chair Robyn Denholm’s $180 million stock sales come under scrutiny
Robyn Denholm has pocketed roughly $180 million selling shares over the past six months and still has plenty of options…
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