Browsing: Business

Trump Media & Technology Group, the company behind the president’s Truth Social app, is calling on the SEC on Thursday to immediately investigate a British hedge fund for taking a $105 million short position against it. The company, in a memo sent to the SEC, said the bet on Trump Media’s shares dropping is “suspicious” and a “potential manipulation” of its stock price. Trump Media is questioning why the hedge fund, Qube Research & Technologies, recently disclosed its roughly six million-share short position in Trump Media only in Germany; Trump Media trades on the Nasdaq exchange in the U.S. under the symbol DJT. “Neither Nasdaq, NYSE Texas, nor any other source has been able to confirm when the trades disclosed by Qube were conducted or if they were conducted at all,” the memo said. Trump Media added: “The above factors, especially when combined with the history of suspicious trading surrounding DJT stock — including DJT appearing on Nasdaq’s Regulation SHO Threshold Security List continuously for more than

Apple CEO Tim Cook has once again managed to shield the company’s flagship products from steep U.S. tariffs, thanks to his ongoing relationship with President Donald Trump. After Trump announced a 145% tariff on goods imported from China, Cook began working behind the scenes to secure exemptions for Apple devices assembled overseas. The strategy worked.…

American Express released Q1 earnings Thursday. The credit card company beat earnings estimates and maintained its guidance for 2025.

Thanks to decentralized finance, investors and borrowers are enjoying a new kind of fast and accessible financial freedom. Most platforms rely solely on code and crypto assets, but 8Lends takes things further. The site backs loans with real-world collateral. This concept isn’t just another lending protocol. It’s also a bold… Continue reading Bridging DeFi with Real-World Collateral: The 8Lends Mission

WASHINGTON — Internet giant Google was slapped with a loss in federal court Thursday when a judge ruled the company unfairly dominated digital marketing. The ruling gives federal prosecutors the authorization they would need to break up the company’s advertising products. The lawsuit filed by the Justice Department and 17 states accuses Google of antitrust violations through its digital ad marketing strategies. It says Google “rigged the rules of auctions” for online ads by leaving web publishers, advertisers and general consumers few other options. The department says Google packaged its technology for placing digital ads with other services to force advertisers to use more of its products. Competitors did not have the same degree of control over the online ad technology, the Justice Department argued. Google reported annual revenue of $348 billion in 2024. Roughly 80% of it came from advertising sales on its sites and affiliated network. Much of the rest comes from apps and other products it sells. The stat

Cutting corners: A new report has reignited the debate over how much tax the world’s largest technology companies pay, revealing that the so-called “Silicon Six” – Amazon, Apple, Alphabet, Meta, Microsoft, and Netflix – have paid nearly $278 billion less in corporate income tax over the past decade than would be expected if their profits…

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The chipmaker beat earnings and revenue estimates in the first quarter. Also, its outlook for Q2 was better than expected.

Apple accessories come with a premium price tag, but some limited-time deals can score you big savings. I rounded off the best Apple gear deals available right now. Whether you’re looking for a premium docking station for your Mac or protective cases for your iPhone, one or two items are bound to pique your interest.…

Hedge fund manager Bill Ackman took a large stake in Hertz, the car rental company. The stock soared some 50% on Thursday as a result.