President-elect Donald Trump announces 10% tariffs on Chinese goods and 25% tariffs on imports from…
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Trump will Impose Tariffs on China, Mexico, and Canada
President-elect Donald Trump announces 10% tariffs on Chinese goods and 25% tariffs on imports from Mexico and Canada, citing immigration and drug concerns. 3 Key Points: Details: In a bold move to reshape U.S. trade policy, President-elect Donald Trump announced new tariffs targeting major trading partners. He plans a 10% increase in duties on Chinese […]
Amazon Invests Additional $4 Billion in AI Startup Anthropic
By UBS News Staff | November 21, 2024 Amazon is doubling down on artificial intelligence, investing another $4 billion in Anthropic, a San Francisco-based AI safety and research company. This move brings Amazon’s total investment in the startup to $8 billion since last year, solidifying its efforts to compete in the AI arms race alongside […]
Home Sales Surge in October Amid Declining Mortgage Rates
Published Thu, Nov 21, 2024, 10:00 AM EST Home sales rebounded in October, rising 3.4% from September to an annualized rate of 3.96 million units, according to the National Association of Realtors (NAR). Sales also marked a 2.9% annual increase—the first in over three years—driven by falling mortgage rates earlier this year. Inventory climbed to […]
Adani Group Faces U.S. Bribery Charges in Massive Fraud Scheme
U.S. prosecutors have indicted Adani Group executives, including Gautam Adani, alleging a $265 million bribery scheme to secure inflated energy contracts in India. Accusations include misleading U.S. investors to raise $3 billion and obstructing investigations. Adani Group denies the allegations, calling them “baseless,” while share prices and bond values plummet. The scandal casts a shadow […]
Comcast to Spin Off Cable Networks Amid Declining TV Subscriptions
By UBS News Staff | November 20, 2024 Comcast announced plans to spin off several cable networks, including CNBC, MSNBC, and E!, into a new entity temporarily named “SpinCo.” The process is expected to take about a year, according to a company memo. Notably, Bravo will remain part of NBCUniversal to bolster its streaming platform, […]
Target Shares Plunge 20% After Missing Earnings Forecast
By UBS News Staff | Nov. 20, 2024 Target’s stock dropped over 20% on Wednesday, marking its largest earnings miss in two years. The retailer reported third-quarter earnings of $1.85 per share, falling short of analysts’ expectations of $2.30. Revenue also missed, coming in at $25.67 billion versus $25.90 billion expected. Despite significant price cuts […]
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