Tag: business news
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SpaceX has even more room to run after AI coding deal, Oppenheimer says
SpaceX shares are likely to get a boost from the aerospace company’s acquisition of Cursor and its popular AI coding application, according to Oppenheimer.
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GOP Rep. Steil pushes bill curbing members of Congress from prediction market betting
The new proposal on limits on members of Congress making such bets come as scrutiny increases on prediction markets like Kalshi and Polymarket.
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Trump bid to fire Fed’s Lisa Cook cost her more than $1M in legal, security costs: Filing
A financial disclosure from Federal Reserve Governor Lisa Cook details large legal and security expenses
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UBS traders say it’s time to ‘reduce risk meaningfully’ on tech
The dangers of being heavily exposed to tech are getting bigger, according to UBS traders.
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California’s counting on an IPO tax windfall. Several factors are complicating the equation
The IPOs of SpaceX, OpenAI and Anthropic could create a tax windfall for the state of California. But experts say the revenue impact may be blunted.
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Gas prices fall below $4 per gallon as oil supply fears ease after Iran deal
Gas prices are still 30% higher compared to what drivers paid before the U.S. and Israel attacked Iran on Feb. 28.
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Women have better retirement savings habits but lower 401(k) balances than men, Vanguard finds
While women tend to save more of their paycheck for retirement, they have lower 401(k) balances due to other factors, including wages that trail men’s earnings.
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KBW says buy the dip on CME Group shares, says perpetual futures fears are overblown
The investment firm upgraded the exchange name to outperform from market perform.
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This AI infrastructure stock has soared nearly 500% in a year. Jefferies says it can go higher
The investment bank initiated the stock at buy.
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Bank of England holds interest rates at 3.75% amid Iran war peace prospects
The Bank of England’s Monetary Policy Committee voted 7-2 to keep rates on hold.
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