News - 2025-02-20

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The layoffs at the Internal Revenue Service came alongside additional firings at the Transportation Security Administration and the C.I.A.

Argentina's president gifted Elon Musk a chainsaw to symbolise cuts to bureaucracy.

The Justice Department had sued SpaceX in 2023, accusing the company of violating federal law by refusing to hire refugees and people granted asylum in the United States.

Chief executives haven't been this confident in their business outlook in three years.

President Donald Trump is embracing an idea for a "DOGE dividend," the latest example of how the administration continues to shift the goals of Elon Musk’s cost-cutting group.

Analysts say the Alibaba founder's re-emergence could signal a policy change in Beijing.

Quantum computers will be able to crack existing encryption and threaten critical infrastructure.

Delta Air Lines said it would pay passengers onboard the Minneapolis-to-Toronto flight that crash-landed $30,000 a piece, with no strings attached.

Mercedes-Benz CEO Ola Källenius spoke to reporters after the company's quarterly earnings report and signaled the automaker is open to investing more in the U.S.

Thursday's retreat from recent highs sharply narrowed the S&P 500's weekly gain.

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Cohen's sizable stake in Alibaba is a bullish bet on China's economic growth in the long run, The Wall Street Journal said.

Trump policy is in strong focus as tariffs and governmental cost cuts roll on.

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St. Louis Fed president Alberto Musalem on Thursday became the latest central bank official to strike a note of caution, airing concerns about inflation amid talk of higher tariffs and changing immigration policies from the Trump administration.

Investors are eager for Walmart's 2025 outlook to see if the momentum can continue.

Dozens of major news organizations, including some conservative outlets, urged the Trump administration to stop blocking The Associated Press from press events.

The European airline maker, which is Boeing’s chief rival, said it would adapt to any new tariffs, including passing on costs to its customers.

The British family that has for decades held complete control over everything involving the globe-trotting superspy is relinquishing it to Amazon.

A.I. tools from Microsoft and other companies are helping write code, placing software engineers at the forefront of the technology’s potential to disrupt the work force.

Mortgage rates fell for a fifth week in a row but remain elevated near 7%, Freddie Mac said on Thursday. The average rate on a 30-year fixed mortgage is 6.85%.

A directive calling for oversight over the central bank’s regulatory and supervisory responsibilities sets off alarm.

Howard Lutnick explains how the U.S. economy can be lifted up by ridding of the IRS, cutting taxes and focusing on tariff policy.

The Trump administration has reassigned or forced out several dozen government employees who had been working to fight foreign interference in U.S. elections at multiple agencies, according to current and former officials.

Palantir stock fell more than 10% again Thursday following a report the Trump administration is planning deep cuts to the defense budget.

The Treasury set a March 21 deadline to report "beneficial ownership information" after a Texas court lifted a block on enforcement.

President Donald Trump's new Federal Trade Commission Chairman Andrew Ferguson outlined the new administration's plans for antitrust enforcement and regulation.

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Still recovering from heavy spending during the pandemic, hospitals are squeezed by a slumping economy and government efforts to curb health care spending.

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Tech start-ups typically raised huge sums to hire armies of workers and grow fast. Now artificial intelligence tools are making workers more productive and spurring tales of “tiny team” success.

Trump policy is in strong focus as tariffs and governmental cost cuts roll on.

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Alibaba stock surged Thursday after the company reported quarterly earnings ahead of Wall Street’s expectations and highlighted the results of its aggressive push into the artificial intelligence space.

The firm wanted to claim protection under copyright law, to stop rivals selling copycat versions of its shoes.

President Trump floated giving taxpayers a piece of any savings that Elon Musk’s cost-cutting generates, which could reignite inflation.

Trump policy is in strong focus as tariffs and governmental cost cuts roll on.

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A drive to audit Fort Knox has gained steam recently from comments by Elon Musk on X.

Walmart reported strong quarterly results, continuing to benefit from an increase in higher earners who were purchasing more groceries and discretionary items.

The retail giant continues to attract shoppers from across the income spectrum, but faces headwinds from the squeeze of stubborn inflation and risk of tariffs.

The S&P 500 notched another all-time high. But at the same time, the market mood isn't particularly great. For good reason.

Investors are eager for Walmart's 2025 outlook to see if the momentum can continue.

Charities and energy providers have criticised plans to change the way standing charges on gas and electricity bills are paid.

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The U.S. was home to plenty of lively housing markets in January, but several locales emerged as the hottest, according to Realtor.com.

With the Trump administration reversing support for low-carbon power, the business case for making wind, solar and electric vehicle parts gets weaker.

The dollar’s strength against the euro, the yen and other foreign currencies means bargains for U.S. travelers.

(Bloomberg) -- A flood of retail investor cash into the most speculative corners of the stock market should be a warning for US equity bulls, according to Morgan Stanley Investment Management’s Andrew Slimmon. Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $830 Million Bond Vote

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The banking group has more than tripled the amount it is setting aside, knocking its profits for the year.

US president says he is looking for alternatives because Boeing is taking too long to build new planes