Former U.S. President and Republican presidential candidate Donald Trump looks on as former Republican presidential candidate Vivek Ramaswamy speaks at a rally by Trump, in advance of the New Hampshire primary election in Laconia, New Hampshire, U.S. January 22, 2024. Mike Segar | Reuters Former GOP presidential hopeful Vivek Ramaswamy has an 8% stake in … Read more
Budrul Chukrut | Lightrocket | Getty Images Amazon is upgrading its decade-old Alexa voice assistant with generative artificial intelligence and plans to charge a monthly subscription fee to offset the cost of the technology, according to people with knowledge of Amazon’s plans. The Seattle-based tech and retail giant will launch a more conversational version of … Read more
U.S. President Joe Biden delivers remarks regarding student loan debt forgiveness in the Roosevelt Room of the White House on Wednesday August 24, 2022. Demetrius Freeman | The Washington Post | Getty Images The Biden administration said on Wednesday that it would forgive $7.7 billion in student loans for more than 160,000 borrowers, its latest … Read more
Federal Reserve Governor Christopher Waller, citing a string of data showing that inflation appears to be easing, said Tuesday that he does not think further interest rate increases will be necessary. However, the policymaker added he will need some convincing before he backs cuts anytime soon. “Central bankers should never say never, but the data … Read more
ExxonMobil CEO Darren Woods speaks during the APEC CEO Summit at Moscone West on November 15, 2023 in San Francisco, California. Justin Sullivan | Getty Images Exxon Mobil‘s months-long battle with two environmentally focused activist investors has cost the company the support of the California Public Employees Retirement System. CalPERS, the $484 billion pension fund … Read more
A view shows the U.S. Capitol in Washington, U.S., May 9, 2024. Kaylee Greenlee Beal | Reuters Government debt that has swelled nearly 50% since the early days of the Covid pandemic is generating elevated levels of worry both on Wall Street and in Washington. The federal IOU is now at $34.5 trillion, or about … Read more
Boaz Weinstein, founder and chief investment officer of Saba Capital Management, during the Bloomberg Invest event in New York, US, on Wednesday, June 7, 2023. Jeenah Moon | Bloomberg | Getty Images Boaz Weinstein, the hedge fund investor on the winning side of JPMorgan Chase’s $6.2 billion, “London Whale” trading loss in 2011, is now … Read more
The Amgen headquarters in Thousand Oaks, California. Eric Thayer | Bloomberg | Getty Images The Food and Drug Administration on Thursday approved Amgen‘s therapy for patients with the most deadly form of lung cancer. The agency cleared the drug, which will be marketed under the name Imdelltra, as a second or later line of treatment … Read more
A logo at the Roche Holding AG headquarters in Basel, Switzerland, on Thursday, Feb. 1, 2024. Bloomberg | Getty Images Roche on Thursday said its experimental weight loss drug showed promising results in an early-stage trial, boosting the company’s bid to compete in the booming market for those treatments. The Swiss company joined a slate of … Read more
President Joe Biden delivers remarks on canceling student debt on February 21, 2024 in Culver City, California. Mario Tama | Getty Images News | Getty Images The U.S. Department of Education is giving borrowers more time to meet a key student loan forgiveness deadline. Those who request a so-called loan consolidation by June 30 — … Read more
