Category: Market

The Trump administration announced Friday that The Associated Press is now barred indefinitely from both the Oval Office and Air Force One. The AP, one of the largest news organizations in the world, was specifically targeted by the White House earlier in the week over its continued use of the term “Gulf of Mexico.” Last…

Shares of Roku surged 14% on Friday, reaching a new 52-week high following earnings that exceeded Wall Street expectations. In an interview, CEO Anthony Wood stated that more than half of U.S. broadband households now use Roku for TV streaming. Wood highlighted that the company gained over four million new streaming households in the most…

As President Donald Trump continues to threaten increased tariffs on U.S. trading partners, the most significant impact on the auto industry outside North America would be additional levies on South Korea and Japan. According to data, these two East Asian nations accounted for a combined 16.8% of vehicles sold in the U.S. last year. South…

The Federal Communications Commission has informed Comcast Corp. that it will launch an investigation into the company’s diversity, equity, and inclusion (DEI) initiatives. In a letter dated Tuesday, the FCC, which oversees the media and telecommunications industries, announced its intention to scrutinize Comcast and NBCUniversal. Comcast operates broadband, mobile, and cable TV services under the…

A relatively unknown biotech company made waves in the biopharmaceutical industry last spring by claiming an “unprecedented” breakthrough: its experimental cancer drug appeared to outperform Merck’s Keytruda in a clinical trial. The company, Summit Therapeutics, obtained the drug through a licensing agreement with Chinese firm Akeso Inc. In October, a consortium of life science investors…

Bank of America CEO Brian Moynihan said Wednesday that robust consumer spending so far this year suggests the Federal Reserve will likely delay cutting its benchmark interest rate. According to Moynihan, the bank’s retail customers have spent approximately 6% more in the first 40 days of this year compared to the same period in 2024.…

Zelle, the payments network operated by bank-owned Early Warning Services (EWS), surpassed $1 trillion in total transaction volume last year, marking what it described as a record for a peer-to-peer platform. On Wednesday, the company reported that its user base grew by 12% in 2024, reaching 151 million accounts, while the total dollars sent through…

General Motors believes it can offset up to 50% of the potential tariffs that President Donald Trump has threatened to impose on imports from Canada and Mexico, CEO Mary Barra said on Tuesday. The Detroit automaker has contingency plans in place should tariffs be applied to auto parts and vehicles entering the U.S. from these…

The Philadelphia Eagles weren’t the only big winners at the Super Bowl. The National Football League’s championship game drew a record-breaking 127.7 million viewers on Sunday, according to Nielsen Media Research. This massive live audience was particularly valuable to advertisers who invested heavily to showcase their brands during the event. Live television rarely attracts such…

President Donald Trump is unlikely to completely dismantle the landmark process that enables Medicare to negotiate drug prices with manufacturers, even as he works to undo many of Joe Biden’s major policy achievements. However, Trump is expected to introduce modifications to the negotiation process, potentially without requiring congressional approval. “Trump is looking to nibble around…