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Wall Street indexes end split amid mixed earnings, crude slides as trade deadline looms  ReutersView Full Coverage on Google News Source link

President Trump with Jerome Powell after nominating him as chair in 2017. Drew Angerer/Getty Images North America hide caption toggle caption Drew Angerer/Getty Images North America President Trump indicated on Tuesday he would let Jerome Powell serve out his term as Federal Reserve chair, saying “he’s going to be out pretty soon anyway.” The comment comes as the president has …

LOS ANGELES (AP) — Dr. Patrick Soon-Shiong, the billionaire owner of the Los Angeles Times since 2018, said this week that he intends to take the newspaper public in the coming year. During an interview on Monday’s “The Daily Show With Jon Stewart,” Soon-Shiong said the move would allow the Times “to be democratized and allow the public to have …

By Trevor Hunnicutt and Andrea Shalal WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell is a “numbskull” who has kept interest rates too high, but he will be out in eight months, President Donald Trump said at a news conference on Tuesday. “I think he’s done a bad job, but he’s going to be out pretty soon anyway. In eight …

In-N-Out owner responds to backlash over her comments about California  SFGATE In-N-Out C.E.O. Says She Is Moving to Tennessee and Opening an Office There  The New York Times Californians turn on In-N-Out’s billionaire chief after she revealed plans to move company’s HQ out of state  Yahoo Home In-N-Out owner Lynsi Snyder says she is leaving California  Los Angeles Times ‘We’re not leaving’: In-N-Out responds …

OpenAI is seeking capital from new and existing investors, two people familiar with the company’s plans tell WIRED. The fundraising effort is part of a $40 billion round announced in March. The round will reopen on Monday, July 28, according to one of the sources, who has direct knowledge of the fundraising effort. The $40 billion round announced earlier this …

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The Chevrolet display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC While Tesla remains the No. 1 electric vehicle manufacturer in the U.S. by a wide margin, General Motors said on Tuesday it has secured the No. 2 position and believes it has an “inherent advantage” when it comes to EVs. …

Adam Feuerstein is a senior writer and biotech columnist, reporting on the crossroads of drug development, business, Wall Street, and biotechnology. He is also a co-host of the weekly biotech podcast The Readout Loud and author of the newsletter Adam’s Biotech Scorecard. You can reach Adam on Signal at stataf.54. Sarepta Therapeutics, the maker of a gene therapy for Duchenne …

(Reuters) -Elon Musk, who most recently served as a senior adviser to President Donald Trump, may return to U.S. politics, Bloomberg News reported on Tuesday, citing SpaceX documents and people familiar with the content. The company added the language laying out such “risk factors” in paperwork sent to investors discussing a tender offer, according to Bloomberg. It was the first …