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Fed cuts rates again but signals pause ahead
WASHINGTON (AP) — The Federal Reserve reduced its key interest rate by a quarter-point for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months, a move that could attract ire from President Donald Trump, who has demanded steep reductions to borrowing costs. In a statement [&hell[...]
Elon Musk says DOGE was only ‘somewhat successful’ and he wouldn’t do it again
Mega billionaire Elon Musk, in a friendly interview with his aide and conservative influencer Katie Miller, said his efforts leading the Department of Government Efficiency were only “somewhat successful” and he would not do it over again. The Tesla and SpaceX CEO, who also owns the social media platform X, still broadly def[...]
Paramount says China’s Tencent withdrew from its Warner Bros bid to avert national security issues
BANGKOK (AP) — Paramount Skydance says the Chinese gaming and social media giant Tencent Holdings withdrew from its bid to buy Warner Bros Discovery to avert a possible national security review. Paramount’s revised filing with the U.S. Securities and Exchange Commission of its takeover bid said the Chinese company had dr[...]
Philanthropist MacKenzie Scott gave $7.1 billion to nonprofits in 2025, a major increase
NEW YORK (AP) — The author and philanthropist MacKenzie Scott revealed $7.1 billion in donations to nonprofits in 2025 Tuesday, marking a significant increase in her annual giving from recent years. Writing in an essay on her website, Scott said, “This dollar total will likely be reported in the news, but any dollar amount i[...]
OpenAI names Slack’s Denise Dresser first chief of revenue
SAN FRANCISCO (AP) — OpenAI said Tuesday it has picked Slack CEO Denise Dresser as its first chief of revenue, a message to wary investors that the ChatGPT maker is serious about making a profit from its artificial intelligence technology. OpenAI said Dresser will oversee global revenue strategy and “will help more businesse[...]
Trump allows limited Nvidia chip sales to China
Trump will allow Nvidia to sell H200 AI chips to approved buyers in China, sparking praise from industry leaders and objections from Democratic senators.
Fed faces divided debate ahead of expected rate cut
A divided Fed heads into a contentious meeting as Chair Jerome Powell seeks support for a third rate cut amid weak hiring and high inflation.
U.S. job openings barely budged in October, coming in just below 7.7 million
U.S. job openings held at 7.7M in October as quits fell and layoffs rose, signaling a cooling labor market amid tariffs and Fed rate debates.
EU probes Google over possible AI antitrust violations
LONDON (AP) — Google faces fresh antitrust scrutiny from European Union regulators, who opened an investigation Tuesday into the company’s use of online content for its artificial intelligence models and services. The flurry of regulatory flexing by Brussels that has targeted Big Tech risks antagonizing President D[...]
Paramount launches $74B hostile bid for Warner Bros.
Paramount has made a $74.4B hostile bid for Warner Bros. Discovery, challenging Netflix’s $72B deal and escalating the fight for the studio.
Trump plans $12B aid for farmers hit by trade war
WASHINGTON (AP) — President Donald Trump is planning a $12 billion farm aid package, according to a White House official — a boost to farmers who have struggled to sell their crops while getting hit by rising costs after the president raised tariffs on China as part of a broader trade war. According to the official, who [...]
IBM to buy Confluent in $11B deal to boost AI strategy
IBM said Monday it’s buying data streaming platform Confluent in a deal worth $11 billion that will help bolster the technology company’s artificial intelligence strategy. The two companies said they signed a “definitive agreement” for IBM to acquire all of Confluent Inc.’s issued and outstanding common sto[...]
