Topline Microsoft CEO Satya Nadella said that Microsoft canât compete with Google and that the search engineâs market share is so large the internet has basically become the âGoogle webâ Monday during more than three-and-a-half hours of testimony in Googleâs antitrust trial, according to multiple news organizations. In this photo illustration, a Google logo is More
Topline Two employees of former President Donald Trump moved boxes of papers the day before Federal Bureau of Investigation agents searched for and removed classified documents from Trumpâs Florida home in an unannounced raid in August 2022, the Washington Post reported Thursday, days after reports circulated that Special Counsel Jack Smith was wrapping up his More
Topline Brookfield Corp., one of the largest public real estate companies in the world, has defaulted on $161.4 million worth of office building mortgages, according to a report from Bloomberg, as high office vacancy and interest rate hikes have contributed to a string of defaults this year and fueled concerns of a commercial real estate More
Topline The Mega Millions jackpotâestimated at $785 million entering its next drawing in 2023âis the fourth-largest total in its history, the lottery said, as it continues to grow since its last winning drawing in October. Mega Millions’ $785 million jackpot is the fourth-largest in its history.Getty Images Key Facts The $785 million jackpot trails a More
Topline The Australian government has reversed its predecessorâs decision to recognize West Jerusalem as the capital of Israel, provoking diplomatic outrage between the two nations and leaving the U.S. increasingly isolated on the world stage in its approach to the controversial issue. Australia’s government reversed an earlier decision to recognize West Jerusalem as the capital… More
Topline Fed officials on Thursday reiterated calls for aggressive policy to combat stubbornly high inflationâfueling expectations for bigger rate hikes amid a stock-market selloff thatâs seen major indexes hit new lows for the yearâand some analysts project that the losses could only deepen. Morgan Stanley’s bear case scenario? Another 18% plunge.getty Key Facts Real interest… More
Topline Shares of Hong Kong fintech firm AMTD Digital continued to plunge on Thursday, crashing for a second day in a row after rising more than 21,000% since its July IPO, with experts calling it a new meme stock and warning investors to stay away from the stock as its valuation looks like âan absolute… More
Topline Then President Donald Trump was frustrated that metal detectors were slowing down armed people from entering a rally of his supporters on January 6, 2021, according to former White House aide Cassidy Hutchinson, who recalled Trump demanding the metal detectors be removed because he believed the crowd was “not there to hurt me.” US… More
Topline Home prices, which have been shooting up since last year, grew at a slower pace in April, showing signs of a potential cool down in the red-hot housing market, according to new data from S&P Case-Shiller on Tuesday. Home prices are up significantly from last year but could cool by later in 2022 thanks… More
Topline Stocks fell and rates on government bonds surged on Wednesday as investor concerns about a slowdown in economic growth continued to weigh on markets, while oil jumped to a 13-week high on the back of climbing U.S. gas prices. Stocks will struggle for direction until there are âclear signsâ that the Fed is taming… More
Topline Billionaire investor Warren Buffett continues to see opportunities in the stock market despite a selloff in recent months, recently snapping up more shares of energy company Occidental Petroleum, as some of his biggest holdings continue to outperform despite surging volatility this year. Some of the billionaire investorâs big bets in energy and consumer-related stocks… More
Topline Digital assets firm Jump Crypto said Thursday it replaced the $325 million worth of tokens allegedly stolen from its portfolio company Wormhole Portal, a platform that helps users transfer cryptocurrency between the Solana and Ethereum blockchains, in one of the biggest hacks ever to hit the boomingâand largely unregulatedâdecentralized finance space. Blockchain platform Wormhole… More
Topline Shares of Facebook parent Meta fell over 25% on Thursdayâerasing over $230 billion in market value for its worst trading session in historyâafter the companyâs dismal quarterly earnings report showed declining users and surging expenses related to the companyâs metaverse project. Facebookâs stock had its biggest drop ever, losing a quarter of its value… More
Topline The Federal Reserve on Thursday released its highly anticipated report on the prospect of minting a central bank digital currency, or CBDCâoutlining potential benefits and drawbacks of what could be a “highly significant innovation in American money,” but stopping short of taking a position on its implementation without the help of lawmakers. Jerome Powell,… More
Topline A Michigan man accused of storming the U.S. Capitol building on January 6 cannot fly to Jamaica for 10 days later this month, a federal judge said in a scathing order Thursday, exactly one year after a mob of hundreds of Trump supporters breached the building. A person waves a Trump 2020 flag as… More
