Oil executives are warning that President Donald Trump’s tariffs and “drill, baby, drill” message have created uncertainty in energy markets that is already affecting investment. The executives, shielded by anonymity, bluntly criticized Trump in their responses…
Category:
Business
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Chinese tea chain Chagee filed for a U.S. initial public offering on Tuesday, seeking to trade on the Nasdaq using the ticker “CHA.” The IPO filing comes as the company prepares to open its first…
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Business
Dollar Tree says it’s winning over higher-income shoppers and may offset tariffs with price hikes
Dollar Tree said Wednesday that it’s gaining market share with higher-income consumers and could raise prices on some products to offset President Donald Trump’s tariffs. The discount retailer’s CEO, Michael Creedon, said the company is seeing “value-seeking behavior…
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Business
Berkshire Hathaway employee wins $1 million in Warren Buffett’s March Madness bracket challenge
For the first time in nearly 10 years, a Berkshire Hathaway employee claimed Warren Buffett’s $1 million grand prize for his company’s NCAA bracket contest. An anonymous employee from aviation training company FlightSafety International, a subsidiary of Buffett’s…
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Fintech lender Affirm said Tuesday that it’s reached an agreement with JPMorgan Chase to offer its buy now, pay later loan services to merchants on the bank’s payments network. U.S. merchants who use JPMorgan to handle payments can soon…
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DoorDash and Klarna are joining forces to let users pay for meal deliveries with installment loans, calling it “essential to meeting our customers’ needs.” Not everyone sees it that way. The announcement has drawn a…
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Bitcoin is more closely correlated to the Nasdaq than it is to gold most of the time, and investors could benefit from viewing it as another big tech stock, says Standard Chartered. Bitcoin’s correlation with the…
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Embattled genetic testing company 23andMe, once valued at $6 billion, filed for Chapter 11 bankruptcy protection in Missouri federal court on Sunday night. The company’s CEO, Anne Wojcicki, has resigned from her role as chief executive…
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Business
Nvidia CEO says he was wrong about timeline for quantum, surprised his comments hurt stocks
Nvidia CEO Jensen Huang on Thursday walked back comments he made in January, when he cast doubt on whether useful quantum computers would hit the market in the next 15 years. At Nvidia’s “Quantum Day” event,…
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Investors have closely watched Nvidia’s week-long GPU Technology Conference (GTC) for news and updates from the dominant maker of chips that power artificial intelligence applications. The event comes at a pivotal time for Nvidia shares. After…