Amid the rising oil prices as the Iran conflict continues to escalate, the Trump administration is considering the idea of suspending a key maritime law that requires American ships be used to transport between US ports.“In the interest of national defense, the White House is considering waiving the Jones Act for a limited period of…
Michael Burry attends “The Big Short” New York screening Ziegfeld Theater on Nov. 23, 2015 in New York City. Astrid Stawiarz | Getty Images Michael Burry urged investors to scale back exposure to surging technology stocks, saying the current market environment has reached historically dangerous extremes reminiscent of prior speculative bubbles. The famed investor, best…
If you bought Cisco Systems on March 27, 2000, you’re finally whole. After nearly 26 years in the wilderness, shares of Cisco have climbed above their dotcom bubble intraday peak, closing a long chapter for what was once the era’s ultimate poster child for internet excess. The stock eclipsed the record close it reached last…
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The administration of US President Donald Trump has added several major Chinese companies, including Alibaba and Baidu, to a Pentagon list of firms allegedly supporting China’s military, increasing pressure on Beijing ahead of an expected meeting between leaders of the two countries, according to a Reuters report.The Pentagon’s 1260H list does not directly impose sanctions…
Apple CEO Tim Cook (L) stands with Siemens CEO Roland Busch prior to the opening ceremony of the China Development Forum 2026 at the Diaoyutai State Guesthouse on March 22, 2026 in Beijing, China. China News Service | China News Service | Getty Images BEIJING — As corporate giants navigate U.S.-China tensions, more than 80…
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The Asian Infrastructure Investment Bank (AIIB) has launched a $10 billion fund facility to support member countries affected by the economic fallout of the ongoing Middle East conflict, PTI reported. India is the second-largest shareholder in the China-led multilateral lender after China.The Beijing-headquartered bank said the newly launched Energy, Food Security and Economic Resilience Facility…
Check out the companies making headlines in after-hours trading. Texas Instruments — The chipmaker jumped more than 9% after issuing better-than-expected guidance for the first quarter. Texas Instruments now sees earnings per share of between $1.22 and $1.48, and revenue between $4.32 billion and $4.68 billion. Analysts expected earnings of $1.26 per share on $4.42…
