Tag: Business
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Trump’s $2 billion income sits ‘unprecedented’ among US presidents
The White House has refuted claims that Trump is profiting off the presidency and said he doesn’t have any conflicts of interest.
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Jim Cramer says to use Wednesday’s market rotation to your advantage. Here’s how he’d play it
CNBC’s Jim Cramer said investors should use the latest market rotation to buy some of the biggest winners they may have missed.
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US Treasury picks BlackRock, Vanguard ETFs for Trump Accounts
July 1 : The U.S. Treasury has selected two BlackRock exchange-traded funds for Trump Accounts and named Vanguard as an alternate fund partner for the government’s new child savings program, which is set to launch on July 4.BlackRock’s iShares Core S&P 500 ETF (IVV) and iShares Core S&P Total U.S. Stock Marke
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Alibaba to pay $600 million to resolve US drug sales probe
WASHINGTON, July 1 : Chinese technology and e-commerce giant Alibaba and its U.S.-based payment processor have agreed to pay $600 million to resolve allegations that they failed to prevent illegal drug sales, the U.S. Justice Department said on Wednesday.The companies entered into non-prosecution agreement
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Exclusive-SoftBank renews talks for $10 billion loan against OpenAI stake, adds concessions, sources say
July 1 – SoftBank Group has reopened talks with a consortium of lenders for a $10 billion loan backed by its stake in OpenAI, after earlier attempts to secure a loan stalled over concerns about the difficulty of valuing private companies, two people familiar with the matter said.To make lenders more comfortab
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Nissan CEO’s US mission: shed rental-car image
July 1 : Nissan CEO Ivan Espinosa was pleased when the automaker reported Wednesday that its second-quarter U.S. vehicle sales ticked higher. But he knows there’s still a long way to go. Espinosa, who took the top job at the Japanese automaker in April 2025, has made the U.S. a core piece of his revival…
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Bridgewater’s flagship macro fund gains 8.1% in first half amid market volatility, sources say
NEW YORK, July 1 : Bridgewater Associates’ flagship Pure Alpha macro fund posted a gain of 8.1 per cent after braving a volatile market backdrop during the first half of the year, people familiar with the matter said on Wednesday. Top hedge funds have grappled with turbulence in financial markets this year o
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Chip stocks that notched record rallies in second quarter start Q3 with a dud
Memory maker Micron, which jumped over 240% in the second quarter, dropped 11% on Wednesday, wiping out nearly $200 billion of market capitalization.
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Alibaba, AUS Merchant Services to pay $600 million to resolve alleged illegal pharmaceuticals sales, DOJ says
WASHINGTON, July 1 : The U.S. Justice Department said on Wednesday that Alibaba and AUS Merchant Services have agreed to pay $600 million to resolve allegations that they failed to prevent illegal sales of pharmaceuticals.Alibaba did not immediately respond to a request for comment.
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Musk denies WSJ report that SpaceX showed AI handset prototype before IPO
July 1 : Elon Musk on Wednesday denied a Wall Street Journal report that SpaceX showed investors and other stakeholders a prototype of an AI-focused device ahead of its blockbuster IPO.”Utterly false,” Musk said in a post on X, without elaborating.The Journal had reported, citing people familiar with t
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