When President Trump singled out Brad Gerstner during his State of the Union address in February, the venture capitalist rose to a standing ovation. Trump called him “a very tremendous guy” who was “behind it right from the beginning” — a reference to Trump Accounts, the federal child savings program that launched in July and Read More…
When two of the world’s biggest trading partners start throwing around 50% tariffs, most investors see trouble. “Shark Tank” investor Kevin O’Leary sees a sale. The Canadian businessman said the escalating U.S.-Canada trade fight could be creating an unusually attractive entry point for investors willing to look past the political noise. Speaking on Fox Business Read More…
Snowflake, the cloud-data company based in Bozeman, delivered one of its strongest quarters in recent years, sending shares sharply higher as investors responded to accelerating growth and stronger demand for its artificial-intelligence products. Shares of Snowflake jumped about 17% after the company reported fiscal second-quarter revenue of $1.55 billion, up 35% from a year earlier. Read More…
The U.S. economy added 162,000 jobs in August, a stronger-than-expected showing that offered fresh evidence of resilience in the labor market as manufacturing and construction hiring picked up. The unemployment rate held steady at 4.1%. August payroll growth was well above the average monthly gain over the previous year. The White House pointed to the Read More…
Warren Buffett, the legendary investor known as the “Oracle of Omaha,” celebrated his 95th birthday Tuesday in typically understated fashion, surrounded by close family and friends in his hometown. Buffett, chairman and chief executive of Berkshire Hathaway, has long avoided lavish celebrations. Instead, those close to him said the billionaire spent the day with a Read More…
U.S. stocks slipped this week, closing out August on a mixed note as investors balanced encouraging inflation data, strong corporate earnings, and fresh trade developments against concerns of political and technological volatility. The S&P 500 finished the week down 0.1%, while the Dow Jones Industrial Average and Nasdaq Composite each shed about 0.2%. The Russell Read More…
Since President Donald J. Trump took office, U.S. manufacturing, production, and innovation have seen a surge in domestic investment, with corporations and foreign entities pledging trillions of dollars to expand operations on American soil. Major technology, automotive, pharmaceutical, and industrial companies have announced multi-billion-dollar investments in the United States during President Trump’s second term. Highlights Read More…
U.S. stocks closed the week within striking distance of all-time highs, buoyed by renewed expectations that the Federal Reserve will begin cutting interest rates in September and a flurry of upbeat corporate and economic news. The Dow Jones Industrial Average rose roughly 1% for the week, briefly touching a fresh intraday record on Friday before Read More…
Eastman Kodak Co. is facing heightened scrutiny after its latest 10-Q filing flagged a “going concern” risk tied to more than $470 million in term loan and preferred stock obligations due within the next 12 months. The disclosure, while required under accounting rules, signals that the company’s existing cash position is insufficient to cover upcoming Read More…
The S&P 500 rose 2.3% for the week, its best five-day stretch since early June. The Nasdaq Composite surged 3.1%, driven by blowout results from Alphabet (GOOGL) and Tesla (TSLA), while the Dow Jones Industrial Average added a more modest 1.4%, hampered by lagging industrials and healthcare names. Tech Earnings Deliver — and Then Some Read More…
Small business owners across the nation are showing renewed confidence in the economy, according to CNBC’s latest Small Business Survey, coinciding with the implementation of President Donald J. Trump’s landmark One Big Beautiful Bill and his broader pro-growth policies. The survey reveals a significant upswing in optimism: Nearly half of small business owners now rate Read More…
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Goldman Sachs has decided to scrap a second round of planned job cuts this year after its investment banking unit produced stronger-than-expected results in the second quarter, according to a report.. A surge in investment banking fees and another stellar performance by the David Solomon-led lender’s traders convinced the bank’s top brass to pause plans Read More…
Tesla shares plunged as much as 10% in early trading Thursday after the company posted its steepest sales drop in more than a decade – and CEO Elon Musk warned the slump may not end anytime soon. The embattled electric carmaker reported that revenue from car sales fell 16% to $16.7 billion in the second Read More…
Former President Biden has sold his presidential memoir for a $10 million advance – far less than the lucrative deals won by the Obamas and Bill Clinton, according to a report. Biden, 82, made a deal with Hachette Book Group for an advance of around $10 million, people familiar with the matter told the Wall Read More…
Meghan McCain is calling for CNN Chief White House Correspondent Kaitlan Collins to have her press credentials revoked, calling her an “absolute imbecile” and a “pure partisan hack” following a tense exchange during a White House press briefing. McCain’s criticism comes after Collins clashed with Director of National Intelligence Tulsi Gabbard and White House Press Read More…
Once viewed by wealthier vacationers as mass market, déclassé venues for watery cocktails, garish waterslides, buffet stampedes and Norovirus outbreaks, cruises are now chic. Everyone from Martha Stewart and Tom Brady to Kendall Jenner and Dakota Johnson was onboard the Ritz’s recent launch of Luminara, the hotel brand’s new ship, which has been floating around the Mediterranean. Savvy investors and luxury brands are Read More…
Uber announced a “Women’s Preferences” on Wednesday that would allow women riders and drivers in the US to only be connected with other women for their trips through the ride-sharing service. The pilot program will begin in the next few weeks in Los Angeles, San Francisco, and Detroit. The company does not yet have a launch Read More…
Amazon billionaire Jeff Bezos has been weighing a possible acquisition of CNBC, The Post has learned. The 61-year-old e-commerce magnate has signaled interest to business associates in buying the cable network — home to “Squawk Box” and “Mad Money with Jim Cramer” — after it is spun off by NBCUniversal parent Comcast later this year, Read More…
Bari Weiss has been shopping her start-up news outlet The Free Press for as much as $250 million, according to a report. Weiss, who quit the New York Times opinion page over its woke policies and launched the outlet in 2022, had reportedly met with Skydance Media CEO David Ellison at the high-powered Allen & Read More…
Tesla says it has started production of a more affordable model and expects volume production in the second half of the year. The company reported the steepest decline in quarterly revenue in more than a decade, with a 12% fall, as it battles strong competition from cheaper electric vehicles and a backlash against CEO Elon Musk’s Read More…
Can Ozzy Osbourne be resurrected? If you’d like to give it a try, purchase a can of this while supplies last. The legendary “Prince of Darkness” who died on Tuesday at 76 partnered last month with Liquid Death – the canned water brand known for its heavy metal aesthetic – to sell special-edition cans of Read More…
Target is dropping its price-matching policy with rivals Walmart and Amazon after more than a decade as the company aims to reposition itself amid slowing sales and competitive pressure. Under its new Price Match Guarantee policy, taking effect July 28, customers of the Minneapolis-based retail giant will be able to price match other Target products in the Read More…
The J.R. Simplot Company and Clarebout Potatoes announced this week Simplot’s intention to acquire the operating business of Clarebout, in a move that unites two family-owned leaders in the frozen potato industry. The transaction, expected to close in 2025 pending regulatory approvals, will significantly expand Simplot’s footprint in Europe and enhance its global processing and Read More…
Daktronics, Inc. (NASDAQ: DAKT), a leading provider of electronic scoreboards, LED video displays, and digital signage, announced it will release its fourth quarter and full fiscal year 2025 financial results on Wednesday, June 25, 2025, before the market opens. The company will host a conference call and webcast at 10:00 a.m. CT the same day Read More…
The U.S. stock market delivered a gripping performance this week, propelled by tech sector strength, a solid jobs report, and flickers of optimism in U.S.-China trade talks, though tariff jitters and uneven economic data kept investors on their toes. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average eked out gains, closing a turbulent Read More…
(The Center Square) – American colleges are not preparing students for the workforce, according to a recent poll, with hiring managers saying many graduates are entitled, easily offended, and on their phones too much. A May release on the Resume.org poll said that “the class of 2025 college graduates [are] entering a difficult job market. Read More…
Daktronics, Inc. (Nasdaq: DAKT), a dynamic video communication displays and control systems company, announced today that Interim Chief Executive Officer Brad Wiemann and Acting Chief Financial Officer Howard Atkins will represent the company at the Craig-Hallum Capital Group’s 22nd Annual Institutional Investor Conference. The event will take place on Wednesday, May 28, 2025, in Minneapolis, Read More…
Berkshire Hathaway, the conglomerate helmed by legendary investor Warren Buffett, has become the largest private holder of short-term U.S. government debt — and now holds more Treasury bills than even the U.S. Federal Reserve. In its latest earnings report released Saturday, Berkshire revealed it now holds $314.1 billion in short-term Treasuries as of March 31, Read More…
Microsoft the technology titan that reshaped personal computing, celebrated its 50th anniversary on April 4, 2025, reflecting on a storied legacy while charting an ambitious path forward in artificial intelligence and cloud computing. Founded in 1975 by Bill Gates and Paul Allen, the company has evolved from a scrappy software startup to a $3 trillion Read More…
Billionaire investor Bill Ackman, through his hedge fund Pershing Square Capital Management, has made a significant move by investing $900 million in Howard Hughes Holdings Inc. (NYSE: HHH), increasing his stake to 46.9% and positioning the real estate developer as a platform for a diversified holding company modeled after Warren Buffett’s Berkshire Hathaway. The announcement, Read More…
DHL Express, the international shipping division of Germany’s Deutsche Post, will suspend global business-to-consumer shipments valued over $800 to individuals in the United States starting April 21. The move comes in response to recent changes in U.S. customs regulations that have increased processing times for high-value shipments. The announcement was posted on the company’s website, Read More…
U.S. banking regulators on Friday approved Capital One’s $35.3 billion acquisition of Discover Financial Services, clearing the way for the creation of the nation’s eighth-largest bank by assets insured by the federal government. The merger, one of the largest in the financial sector in recent years, has drawn sharp criticism from consumer advocates and lawmakers Read More…
Billionaire hedge fund manager Bill Ackman, known for his outsized bets and outspoken commentary, has been a lightning rod in 2025, navigating a turbulent market landscape while wielding influence in both finance and politics. His Pershing Square Capital Management’s portfolio is down nearly 14% year-to-date, a rare stumble for the activist investor, yet his high-profile Read More…
The U.S. stock market endured another turbulent week, with major indexes grappling with persistent volatility driven by ongoing trade policy uncertainties, particularly surrounding President Donald Trump’s tariff announcements. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all posted losses, reflecting investor concerns over the economic fallout from escalating global trade tensions. The week Read More…
The U.S. Federal Trade Commission has taken a preliminary step toward potentially reversing boardroom restrictions imposed on Chevron and Exxon Mobil as part of their recent major acquisitions, signaling a shift from policies enacted under the Biden administration. The restrictions, which were key conditions for approving the oil giants’ multi-billion-dollar mergers, barred specific executives from Read More…