Toronto , Canada – 20 June 2024; Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024. Ramsey Cardy | Sportsfile | Collision | Getty Images Cerebras CEO Andrew Feldman said his hope is to take his company public in 2025 now that the chipmaker has…
Walmart‘s business is strong enough to withstand tariff headwinds without increasing its prices, according to the discount retailer’s former U.S. CEO. Bill Simon, who ran Walmart U.S. from 2010 to 2014, suggests the company may be overstating challenges tied to tariffs. “If you look down deep and dig into the details of their earnings release…
Commercial and residential buildings at dusk in the Minato district of Tokyo, Japan. Bloomberg | Bloomberg | Getty Images Japan’s economy contracted 0.2% quarter-on-quarter in the quarter ended March, a sharper fall than expected, preliminary government data showed Friday. The GDP figure was a larger drop than the 0.1% contraction expected by economists polled by…
Jacob Wackerhausen | Istock | Getty Images House Republicans’ child tax credit plan The Tax Cuts and Jobs Act, or TCJA, of 2017, temporarily boosted the maximum child tax credit to $2,000 from $1,000, an increase that will expire after 2025 without action from Congress. If enacted, the House bill would make the $2,000 credit…
UAE President Sheikh Mohamed bin Zayed Al Nahyan (R) welcomes U.S. President Donald Trump upon arrival at the presidential terminal in Abu Dhabi on May 15, 2025. Anadolu | Anadolu | Getty Images The U.S. and United Arab Emirates are partnering on a massive artificial intelligence campus touted as the largest such facility outside the…
A Youtube podcast microphone is seen at the Variety Podcasting Brunch Presented By YouTube at Austin Proper Hotel in Austin, Texas, on March 8, 2025. Mat Hayward | Variety | Getty Images YouTube is solidifying its place in podcasts. The company on Thursday announced the launch of a weekly top podcast shows chart, rivaling those…
Bloomberg | Bloomberg | Getty Images Shares of UnitedHealth Group plunged more than 18% on Thursday following a report that the Department of Justice is conducting a criminal investigation into the health-care giant over possible Medicare fraud. The DOJ is focusing on the company’s Medicare Advantage business practices, but the exact nature of the potential…
FILE PHOTO: A view of the U.S. Supreme Court in Washington, U.S., July 19, 2024. Kevin Mohatt | Reuters President Donald Trump on Thursday again argued for an end to birthright citizenship in the United States, hours before the Supreme Court is set to hear arguments on whether lower-court judges can impose national injunctions blocking…
Artwork for Ubisoft’s upcoming “Assassin’s Creed Shadows” game. John Keeble | Getty Images Shares of Ubisoft sank 18% on Thursday after the French video game firm reported full-year earnings that disappointed investors. Ubisoft reported a 20.5% drop in net bookings for the fiscal year ending March 31, 2025, as a strong performance of the company’s…
The Persian Gulf Star gas condensate refinery in Bandar Abbas, Iran, on Jan. 9, 2019. Ali Mohammadi | Bloomberg | Getty Images Oil prices fell sharply on Thursday on expectations that the U.S. and Iran may soon reach a deal over Tehran’s nuclear program. International benchmark Brent crude futures with July expiry were last seen…
