Business - Page 79

2025-05-04

The Sweet Sorrow Of Warren Buffett's Parting

The Sweet Sorrow Of Warren Buffett's Parting Submitted by QTR's Fringe FinanceIt’s poetic that Warren Buffett is now stepping down at Berkshire Hathaway after one of the most extraordinary investing careers in modern history.I’ll save you the adulation for his investing acumen and commitment to high-quality American companies, as the financial news will be replete with these testimonials for the foreseeable future.I’ve occasionally tried to shine a slightly different light on Buffett because, in addition to being a savvy investor, he was also a tremendous beneficiary of monetary policy that simply kept markets moving higher over time. But don’t get me wrong: Buffett’s knack for outperforming the overall market undoubtedly solidifies him as legend.He’s also far more of a shark than most people believe him to be. Some of the stories that get passed around in the financial underworld paint a very different picture of Warren Buffett than the jolly old man happy to sit and laugh with Becky Quick. His patience was unmatched, and his ability to leverage his brand into extraordinarily favorable transactions with companies who desperately needed capital became the best self-fulfilling prophecy investment tool there ever was.Because Buffett had all the capital and all the brand equity in the world—and because his cheery demeanor belied his ruthless style—companies sought him out not only when they needed capital, but also a vote of confidence.As I reflect on it now, Buffett was the perfect balance of cutthroat investor and public relations polish. And whether his “never bet against America” shtick was honestly how he felt or not, it was instrumental in driving decades of goodwill toward the American financial system. He was the cornerstone of the list of reasons people globally wanted to invest in American exceptionalism.Buffett put an investing face to many of the greatest American companies in history. Names like Bank of America, Coca-Cola, McDonald’s, American Express, and Apple all became widely accepted as “blue chips,” with some measure of Warren Buffett’s help, as his image and likeness acted as liaison between major corporations and Main Street investors.But while many people will spend today celebrating his legendary career and speculating about the future of Berkshire Hathaway, to me the timing really does make it feel like sweet sorrow.As everybody knows, Berkshire is flush with almost $350 billion in cash. Media has harped on how large its cash position has gotten and everyone has speculated about how and when it said cash may be deployed. Ergo, one way to look at Berkshire today is that the company is waiting to pounce on the next great opportunity. But another way to look at it is that, sadly, there’s nothing worth buying. Buffett’s legacy will not be a couple of major parting investments in America, or in up-and-coming U.S. companies as he has preached, but rather a declaration that there simply isn’t anything out there that deserves his capital right now.At the same time, a broader debate is raging in the country about whether or not our productive capacity and manufacturing ethos have been stripped from our nation. There’s no more hotly contested topic right now than our nation’s major trade imbalance and our fiscal policy of exporting printed U.S. dollars while importing an unsustainably high quality of life—fueled by a growing debt pile and major fiscal deficits.🔥 Enjoying this article? Get 50% OFF FOR LIFE: Using this coupon entitles you to 50% off an annual subscription to Fringe Finance for life: Get 50% off foreverThe country that helped make Berkshire Hathaway early on was a country rooted in manufacturing and production. Early on, Buffett acquired Nebraska Furniture Mart, a family-run business, and See’s Candies, an American manufacturer and distributor of candies founded in California in 1921 — quintessential American manufacturing and sales.Before quantitative easing distorted markets to the point where they are expected to trade at 30x earnings at all times—for no reason other than “unlimited” fiat liquidity from lax central bank policy—companies actually needed to generate a profit and produce goods in order to be successful. And Buffett’s knack was identifying these fairly priced, cash-generative companies with great growth potential.Nowadays, all companies need to be successful is to get a semi-unvetted listing anywhere on any U.S. stock market through a SPAC, burn through tons of cash while lying about their future prospects, and sell as much equity as possible to financial institutions that will eventually be bailed out for their poor decisions. In the year 2025, the Fed is the rising liquidity tide lifting all dogshit company boats.When Berkshire was making the meaningful investments that turned it into the monolith it is today, money was sounder, markets were less distorted, and investing required far more calibration toward value and actual analysis. Now, the stock market has simply become an out-of-control casino where valuations, prices, and financial metrics don’t matter—and liquidity is, to quote Fed Governor Neel Kashkari, “infinite.”Austrian-focused market analysts like myself have argued that there will be a large price to pay for how distorted our public markets have become. I’ve also argued that the gutting of our nation’s productive capacity and manufacturing base, as well as our commitment to borrowing, can’t and won’t last forever.But as everybody has sat around waiting for us “broken clocks” to eventually be proven right by some exogenous, catastrophic financial unknown, the market has slowly been mutating into an entity that may never be “cheap” again—because all semblance of value investing and active management have been replaced in favor of bullshit CEO storytelling, a relentless passive bid and 0DTE option gamma acting as the tail that wags the market dog.Whether intentional or not, Buffett’s retirement personifies just how distorted our markets have become and how different the playing field is now than it was 50 years ago. Maybe it’s nothing more than a coincidence that Buffett is going out with a large cash pile and no new major investments at a time when manufacturing in our country has never been more on the ropes. But for me, I’m equal parts in a state of reverence for all Buffett accomplished, and saddened by the “between the lines” commentary his retirement makes about the state of the country and the market today.It’s easy to crown Buffett as the best that’s ever done it—I don’t think anybody will argue that. But there is an underlying Shakespearean-style tragic element to the timing of his stepping down — one that silently tugs at me in the background, suggesting that the days of investing exceptionalism and of true grit, promise, productivity, and manufacturing in America—are behind us.Now read:Is This the Man Who Created Covid-19 In Fauci’s US Lab?Is Bitcoin Ready To Retire Gold?Sweet Fictitious Ignorant BlissThe Assault on Substack Takes Predictable ShapeUncertainty Is "Paralyzing" For MarketsQTR’s Disclaimer: Please read my full legal disclaimer on my About page here. This post represents my opinions only. In addition, please understand I am an idiot and often get things wrong and lose money. I may own or transact in any names mentioned in this piece at any time without warning. Contributor posts and aggregated posts have been hand selected by me, have not been fact checked and are the opinions of their authors. They are either submitted to QTR by their author, reprinted under a Creative Commons license with my best effort to uphold what the license asks, or with the permission of the author.This is not a recommendation to buy or sell any stocks or securities, just my opinions. I often lose money on positions I trade/invest in. I may add any name mentioned in this article and sell any name mentioned in this piece at any time, without further warning. None of this is a solicitation to buy or sell securities. I may or may not own names I write about and are watching. Sometimes I’m bullish without owning things, sometimes I’m bearish and do own things. Just assume my positions could be exactly the opposite of what you think they are just in case. If I’m long I could quickly be short and vice versa. I won’t update my positions. All positions can change immediately as soon as I publish this, with or without notice and at any point I can be long, short or neutral on any position. You are on your own. Do not make decisions based on my blog. I exist on the fringe. The publisher does not guarantee the accuracy or completeness of the information provided in this page. These are not the opinions of any of my employers, partners, or associates. I did my best to be honest about my disclosures but can’t guarantee I am right; I write these posts after a couple beers sometimes. I edit after my posts are published because I’m impatient and lazy, so if you see a typo, check back in a half hour. Also, I just straight up get shit wrong a lot. I mention it twice because it’s that important. Tyler DurdenSun, 05/04/2025 - 10:30

2025-05-04

Americans Value Health & Family Above Everything

Americans Value Health & Family Above Everything Amid all the distractions offered by smartphones, social media and the constant stream of information we’re all inundated with these days, it’s sometimes hard to focus on the truly important things in life. But what are those things? While the answer to that question is highly individual, Statista's Felix Richter reports that there are some core values that unite many people. You will find more infographics at StatistaAccording to Statista Consumer Insights, Americans largely agree on family and health being among the most important things in life, while making money, personal growth and a career are also high on the list of thing Americans value most in life. Tyler DurdenSat, 05/03/2025 - 22:45

2025-05-04

Ukraine Says It Shot Down Russian Fighter Jet From Sea Drone For First Time

KYIV, May 3 (Reuters) – Ukraine destroyed a Russian Su-30 fighter jet using a missile fired from a seaborne drone, Ukraine’s GUR military intelligence agency announced on Saturday, in what it said was the...

2025-05-04

AP Business SummaryBrief at 10:36 p.m. EDT

Warren Buffett shocks shareholders by announcing his intention to retire at the end of the year

2025-05-04

Banksy's 'Broken Heart' painting defaced on a Brooklyn wall is up for sale

The family that owns the artwork says they are honoring their father, who died from a heart attack, by donating some proceeds to the American Heart Association.

2025-05-04

Employees at Austin Alamo Drafthouse Location Vote to Unionize

The SlaughterHouse United group called the election “the result of four months of hard work and outreach by organizers.”

2025-05-04

Nuclear Deterrence Requires Only Dozens Of Warheads - Not Thousands

Nuclear Deterrence Requires Only Dozens Of Warheads - Not Thousands Via Brian McGlinchey at Stark RealitiesOver the next decade, the US government plans to spend nearly $1 trillion on its nuclear arsenal — with the actual cost certain to run even higher than that. The huge outlay is driven in part by the sheer size of America’s doomsday-weapon collection, which comprises an estimated 3,700 deployed or stockpiled nuclear warheads, not counting another 1,500 that are purportedly “retired” and awaiting dismantlement.Though Americans have been conditioned to think it’s reasonable to maintain such a large arsenal, the idea that thousands of warheads are required to deter nuclear aggression rests on flawed thinking about the nature of deterrence. While defense contractors and military bureaucracies enriched by the status quo will tell you otherwise, the truth is that an adequate arsenal of nuclear warheads can be measured not in thousands, but mere dozens.During the Cold War, two successive doctrines guided nuclear war strategy. First came Massive Retaliation, which rested on the threat of a disproportionate, devastating nuclear response to either conventional or nuclear aggression. That gave way to Mutual Assured Destruction (MAD), in which any nuclear attack was guaranteed to escalate to the point where both countries are completely destroyed.Both doctrines shared a cornerstone premise -- that effective, credible deterrence requires the capability to completely destroy the opposing country. That’s the wrong yardstick. Deterrence is achieved by the ability to impose an intolerable level of retaliatory destruction on a country that’s contemplating a nuclear first-strike -- a threshold far lower than border-to-border annihilation.For perspective, in World War II, Russia and China each suffered roughly 20 million total civilian and military deaths. The same unfathomable fatality counts that spanned several years in World War II can be achieved in mere minutes with only 20 modern nuclear warheads -- 15 striking Russian cities and only five hitting the more densely-populated cities of China, according to calculations by University of Maryland professor Steve Fetter.If the United States chose to opt against the morally-repugnant targeting of population centers with little military significance (that is, cities similar to Hiroshima and Nagasaki), a second-strike could instead vaporize the enemy’s economy, targeting power generation, refinery complexes and vital ports (though even these nuclear attacks would inflict civilian death on a huge scale, not only from the blasts but also the economic destruction). Here, Fetter calculates 100 detonations would suffice.The fatalities and destruction associated with either of those two targeting scenarios that pursue some level of societal devastation -- so-called “countervalue targeting” -- are well beyond what any foreign ruler would consider tolerable, suggesting that the anticipation of even one or two second-strike warheads would be sufficient to deter an adversary from striking first.Note, this approach to deterrence, which focuses on the power to retaliate and inflict “intolerable” destruction, does not require adversaries with high moral character. It matters little whether an opposing ruler regards his citizens with loving empathy or depraved indifference. Rulers are ultimately driven by self-interest -- and no leader can expect his hold on power to survive a nuclear gamble that brings about the vaporization of cities or irreplaceable economic assets in his own country. (Indeed, there may be no “power” to hold on to.) As political scientist Kenneth Waltz wrote in a milestone 1990 paper that promoted the peacekeeping value of nuclear weapons while making the case that small arsenals are sufficient, “Rulers like to continue to rule.”Given these realities of deterrence, the size of an adversary’s nuclear arsenal has no bearing on the appropriate size of America’s. “So long as two or more countries have second-strike forces, to compare them is pointless,” wrote Waltz. “If no state can launch a disarming attack with high confidence, force comparisons become irrelevant...beyond a certain level of capability, additional forces provide no additional coverage for one party and pose no additional threat to others.”In contrast to countervalue targeting, “counterforce targeting” aims to inflict military defeat by destroying a large, diverse array of military targets, such as missile silos, bomber and submarine bases, command and control facilities, and conventional forces.Counterforce-targeting is what led both America and Russia to amass far larger arsenals than that of any other nuclear-armed country. Beyond the elevated general risk associated with securing, transporting, maintaining and training with these large volumes of warheads, the mutual targeting of nuclear weapon delivery platforms pursuant to counterforce doctrine encourages first strikes -- launched out fear that an opponent’s first strike would render one’s own weapons unusable.Aside from the heightened risk of miscalculations during crises and accidental explosions during peace, America’s outsized nuclear arsenal threatens national security in a way that has nothing to do with mushroom clouds -- by nudging the United States further along its path to financial catastrophe. As then-Chairman of the Joint Chiefs Mike Mullen warned in 2010, “The most significant threat to our national security is our debt.” His statement came when the national debt was only about a third of its current $36.8 trillion.Of the trillion dollars to be spent on nuclear weapons through 2034, $460 billion will be spent on a “modernization” program that encompasses warheads, missiles and silos and submarines. Of that, the Pentagon expects to spend $120 billion to replace the current generation of land-based, Minuteman III ICBMs with Sentinel ICBMs made by Northrop Grumman. Last year, the Air Force notified Congress that the Sentinel program would cost 37% more than the previous estimate, and take two years longer to implement. If the history of Pentagon weapon procurement is any guide, we can count on more such announcements in the coming years.Considered in the context of second-strike deterrence, the Sentinel program is particularly exasperating. Given their fixed locations in satellite-observable silos, land-based ICBMs represent the most vulnerable leg in the nuclear-arms triad, which also includes bombers and submarine-launched missiles. Put another way, it’s the leg that does the least to convince a nuclear adversary that the United States has a guaranteed second-strike capacity -- which is the only strike capacity that matters. At the same time, land-based ICBMs are a magnet for enemy missiles, with one study suggesting nuclear strikes on US ICBMs could kill 300 million people across North America. Hiding in plain sight: Land-based ICBMs -- like this one near Monarch, Montana -- comprise the most vulnerable leg in the nuclear triad (via Moose Radio 94.7)In February, President Trump expressed dismay at the ongoing development of new nukes:“There’s no reason for us to be building brand new nuclear weapons. We already have so many. You could destroy the world 50 times over, 100 times over. And here we are building new nuclear weapons, and they’re building nuclear weapons.”Trump’s remarks came as he expressed interest in opening new arms control negotiations with Russia and China. That’s a noble pursuit, but when a second-strike capability is all the United States needs for defense, a case can be made for blazing a unilateral path toward rational and frugal nuclear deterrence -- particularly when you consider the dangerously destabilizing nature of a huge arsenal built for counterforce targeting.“There is no compelling military or strategic rationale for linking the size of U.S. nuclear forces to those of other nuclear weapon states,” wrote Fetter. “As long as the United States has enough survivable warheads to deter and respond to nuclear attacks, it should not matter how many weapons other countries have.” That’s not to discount the risk-reducing value of a far smaller Russian arsenal.Ballistic missile submarines -- like the USS West Virginia -- do the most to assure an enemy of America's second-strike capability (US Navy)Alas, any move toward a dramatically slimmer US nuclear warhead inventory will face fierce opposition from those who benefit from today’s emphasis on numerical superiority. The status quo is a prime example of the principle of “concentrated benefits and diffused costs.” Via both taxation and inflation, the $1 trillion cost of sustaining and upgrading the arsenal over the next 10 years will be spread across hundreds of millions of Americans, including many who haven’t been born yet. Shuffled into the $90 trillion the US government is projected to spend over that same period, the cost flies under the radar of everyday Americans, precluding major political opposition.The financial benefits, on the other hand, accrue to a relatively small number of stakeholders, from arms manufacturers to Pentagon and Department of Energy bureaucracies. The enjoyment of concentrated benefits incentivizes these stakeholders to fiercely defend the status quo, deploying a formidable influence arsenal that includes lobbyists, campaign contributions, the promises of jobs in 50 states and hundreds of congressional districts, and financial sponsorship of national security think tanks that steer policy.While those who are enriched by America’s excessive nuclear arsenal have the upper hand, the status quo is so dangerous and wasteful that Americans of all political leanings should unite in challenging it.Stark Realities undermines official narratives, demolishes conventional wisdom and exposes fundamental myths across the political spectrum. Read more and subscribe for free at starkrealities.substack.com Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge* * * Tyler DurdenSat, 05/03/2025 - 22:10

2025-05-04

Warren Buffett to retire later this year, ending run for an investing titan - The Washington Post

Warren Buffett to retire later this year, ending run for an investing titan The Washington PostBusiness leaders react to Warren Buffett stepping down as CEO of Berkshire Hathaway: ‘Only G.O.A.T’ Fox BusinessGreg Abel is the successor to Warren Buffett at Berkshire Hathaway. Here's how he got there CNBCValley Metro seeks community input for connecting major expansion projects YahooDes Moines resident to become Berkshire Hathaway CEO by end of year, Warren Buffett says The Des Moines Register

2025-05-04

Bitcoin’s recovery on track! THIS signals BTC’s potential for $100K breakout - AMBCrypto

Bitcoin’s recovery on track! THIS signals BTC’s potential for $100K breakout AMBCryptoBitcoin, XRP, and Other Cryptos Rally. Is $100K Next? Barron'sBitcoin Approaches $100,000 After Breaking Through 10-Week High Bloomberg.com1 Bullish Trend That Could Get Bitcoin Back to All-Time Highs The Globe and MailBitcoin closes above $95k and targets $100k as Altcoins show mixed signals KITCO

2025-05-04

Sovereignty Wins the 151st Running of the Kentucky Derby Presented by Woodford Reserve

New All-Time Handle Record Set for the Kentucky Derby Race, Kentucky Derby Day Program, and Kentucky Derby Week Races New All-Time Handle Record Set for the Kentucky Derby Race, Kentucky Derby Day Program, and Kentucky Derby Week Races

2025-05-03

New Data On Fossil Fuel Industry Emissions Could Play Pivotal Role In Climate Litigation

Climate litigation in the US has been ongoing for well over a decade. Various states, countries, and cities have filed claims against fossil fuel companies, alleging they should be held responsible for the economic harm they have caused. Primarily, the various plaintiffs say that the carbon dioxide released when fossil ... [continued]The post New Data On Fossil Fuel Industry Emissions Could Play Pivotal Role In Climate Litigation appeared first on CleanTechnica.

2025-05-03

Central Texas Home Builders Association announces Parade of Homes winners

The Parade of Homes, a free tour showcasing different homes in the Central Texas area, will continue its annual tour new and improved homes this weekend all across Central Texas.

2025-05-03

Investors Are Piling Into This Hot New SPAC Stock Taking on MicroStrategy. Should You Follow Their Lead?

This company copies Strategy without the unnecessary burden of an actual business.

2025-05-03

Nvidia and AMD Just Got Amazing News From Meta Platforms and Microsoft

Meta Platforms and Microsoft reported strong demand for AI solutions.

2025-05-03

Ranked: Per Capita Beer Consumption by Country - Visual Capitalist

Ranked: Per Capita Beer Consumption by Country Visual Capitalist

2025-05-03

Berkshire shareholders are ‘stunned' as Warren Buffett announces plan to step down after 6 decades

OMAHA, Neb. — Berkshire Hathaway shareholders who came from around the world to Omaha for the conglomerate’s annual meeting this weekend had no idea how historic this year’s event would be.Warren Buffett, the billionaire and CEO who turned what was once a failing Massachusetts textile company into a $1.2 trillion titan, announced his intention to step down by the end of the year. The news astonished investors, whom Buffett has long characterized as partners in his value investing mission.“I’m stunned,” said Jim Ross, a bookstore manager and shareholder who lives four doors down from the “Oracle of Omaha” in the Dundee–Happy Hollow neighborhood of Omaha.Buffett ended the marathon-length question-and-answer session by saying he would ask to leave the chief executive post by the end of the year at Berkshire’s board meeting on Sunday. Buffett said he had only told two of his children who are also on the board before making the announcement on Saturday, and that it would be a surprise for other members.He had previously named Greg Abel, chief of Berkshire’s energy unit, as his successor. Buffett said he would remain with the business in some capacity.“I think the time has arrived where Greg should become the chief executive officer of the company at year end,” Buffett said, before adding that he has no intention to sell any Berkshire stock.CNBCWarren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025.A 60-year runIf the board approves Buffett’s request, it will mark the end of the 94-year-old’s six-decade tenure at the helm. This year’s meeting, which annually draws tens of thousands of shareholders from around the world, highlighted his leadership with an exclusive book on the history of the firm. Berkshire auctioned signed copies, with the proceeds benefiting a local charity focused on the homeless community in South Omaha.The summit also included key changes that brought Buffett’s longevity to mind for shareholders like Grant Macklem, a Colorado Springs-based software engineer. Berkshire announced that Buffett would take questions for a shorter period than usual, and with a quicker break in between segments. There was also no introduction video, a component of the day that investors have come to love over the years.Macklem, who’s been an investor for about 15 years, said he wanted to come this year to ensure he could see Buffett at the head of the company at least one more time.“We could kind of see it coming someday, just, I didn’t expect it this year,” he said. But, “it’s better to have some announcement, some flow, some time to prepare for the markets, rather than a worst-case scenario.”Macklem said he considered adding to his stake ahead of the meeting, but didn’t get around to it. The 44-year-old said he’d consider picking up additional shares, which hit an all-time high in Friday’s session, if there’s any pullback next week.End of an era?Others who closely follow the company saw the writing on the wall. David Kass, a finance professor at the University of Maryland — who once held private lunches for his students and Buffett — said it became more likely after the chief executive began walking with a cane.Buffett’s earlier acknowledgement in the 2024 shareholder letter that it “won’t be long” before Abel would take over writing the annual memo further raised suspicion. He also mentioned his use of the cane in the letter, which was released in February.“The announcement memorializes some of what we already knew,” said Bill Stone, CIO at the Glenview Trust Company and a longtime shareholder. “Greg has effectively been running the operating businesses day to day. But he will also now take over capital allocation decisions.”While Berkshire attracts individual traders, the firm’s focus on value investing has also garnered dollars from bigger names. For those employing others’ capital, Berkshire’s succession plan has been an existential question that has loomed particularly large since the death of Charlie Munger, Buffett’s longtime friend and business partner, in 2023.“Berkshire is no longer a stock picker with great cash flow. Now a group of well-known businesses with cash to reinvest,” said Bill Smead, CIO of Smead Capital Management. “Losing Charlie and age have ended the era for Warren.”‘Not just an investor’While questions about Buffett’s future have become a key part of discussions about the company in recent years, there’s no question of the love for the CEO among shareholders. Meeting attendees sported shirts featuring Buffett’s likeness and shared their affection for his investing acumen and life advice in interviews. After announcing his plans to step down, the arena full of attendees — some of whom began lining up in the early hours of the morning for a chance to be in the room — gave him a standing ovation.Alex Harring | CNBCPolliana Elena Varnier wears a black hoodie with a photo of Warren Buffett.“We love the way he thinks and the way he lives,” said Brazil native Polliana Elena Varnier, who donned a black hoodie with Buffett’s face on it. “He’s not just an investor, he’s almost a philosophy.”Should Buffett exit his post, he leaves behind a legacy as both an internationally recognized business mogul and a local hero. Ross, the Berkshire shareholder and neighbor, said it’s hard to imagine what Omaha would look like without Buffett’s family.Ross’ bookstore, which is currently closed as the airport it’s housed in is under construction, has seen novels related to Buffett and Berkshire as some of its best sellers. He said the impact of Berkshire being based in Omaha boosts the community year-round: In addition to the tourism from the annual meeting, he’s seen travelers coming into town for meetings and to visit Berkshire’s multiple holding companies based there.“It’s been phenomenal for the city,” Ross said of Buffett and his conglomerate’s role in Nebraska’s largest city. “Thank God he moved back here from New York in the late ’50s.”

2025-05-03

Buffett says US shouldn't use "trade as a weapon" as Trump has done with tariffs

Investor Warren Buffett told thousands of Berkshire Hathaway shareholders Saturday that the United States shouldn’t use “trade as a weapon” and anger the rest of the world like President Donald Trump has done with his tariffs that roiled global markets

2025-05-03

AP Business SummaryBrief at 10:37 a.m. EDT

Buffett says US shouldn't use "trade as a weapon" as Trump has done with tariffs

2025-05-03

Warren Buffett's profits fall on wildfire losses as thousands line up to listen to him Saturday

Warren Buffett's company reported just over one-third of last year's profit Saturday morning just as thousands of Berkshire Hathaway shareholders streamed into an Omaha arena to listen to the revered investor answer questions. The profit numbers were weighed down by...

2025-05-03

University Park mansion debuts at $18.5M, leads DFW's luxury home listings

Even in the world of luxury real estate, some sellers are adjusting their strategies, with one lavish mansion in Dallas' Preston Hollow neighborhood recently knocking more than $1 million off its asking price. Despite that, DFW continues to lead Texas' priciest home listings in April, with five in the top 10. Check out the homes that made the April list.

2025-05-03

War Between The US And Canada - Is It Now A Real Possibility?

War Between The US And Canada - Is It Now A Real Possibility? Authored by Brandon Smith via Alt-Market.us,Reality is absolutely downstream from fiction. Did the creators of South Park predict the future in their 1999 comedy film? I think we’re all suddenly realizing that prognostication is easy – Simply imagine the most absurd scenario possible and eventually it’s going to come true because we’re living in clown world.A war between Canada and the US opening up a portal to hell might be a bit of a stretch, but recent events lead me to believe that there are very real ingredients coming together that could trigger an active conflict with our neighbors to the north. Furthermore, these factors do NOT necessarily revolve around the trade war; the trade war is secondary.There is something explosive going on under the surface of US/Canada relations and it could very well end with a US invasion to the north.Most conservatives have viewed Trump’s rhetoric on Canada becoming the 51st state as a joke or a troll. At least, initially. Trump himself said it was a joke in the beginning, but now he thinks it might be a good idea. For today, lets imagine that this is a real agenda for the Trump Administration and consider the pros and cons.The Cons1) Trump looks like an “empire builder” which is widely considered poor form in the 21st Century. Most conservatives prefer that America stick to the American sphere and deal with American problems first before trying to change the geopolitical landscape.2) An annexation of Canada would mean welcoming millions of Canadian leftists into the US as voting citizens. Who knows how this would affect the election demographics. It’s better to leave Canada as a steam valve so that leftist LEAVE the US and live there instead. America has been suffering under the weight of increasing progressive control, and now that we are finally turning the tide we don’t want to screw it up by importing a bunch of socialists from across the border.3) On the global stage, the leftist establishment will claim that any US expansion is proof of a rising “fascist regime”. Not that most Americans really care what the rest of the world thinks, but we do still have to engage in diplomacy and alliances and trade to a point. The more the fascism narrative grows the harder it will be to engage with other countries on civil terms, fair or not fair.The Pros1) The US already pays for Canada’s defense anyway. Their proximity to us keeps them safe from invasion. Their defense budget is a tiny $27 billion, compared to America’s $997 billion. Their military is minuscule, with 63,000 active members and 22,000 reserve compared to America’s 2.86 million active duty troops and nearly 800,000 in reserve.Canada has never needed an army because the US is their daddy. If Canada was annexed, the billions expended to keep the country safe would make more sense in our modern post-cold war era.2) Though there is a risk of bringing millions of leftists into US citizenship if Canada became the 51st state, there is also a good chance most of those people would leave the country and move overseas. Frankly, the less leftists reside in North America, the better off we all will be, and taking Canada might run them all off to another part of the world.3) Bringing Canada into the fold would make tariffs unnecessary, allow for more efficient resource development and help dig Canada out of the desperate economic slump they are currently trapped in. But an even more important factor is keeping Canada out of the hands of the globalists within the European Union, who have been courting the nation for years and seeking far closer political ties. In military strategy this is called “area denial”.The War ScenarioThis brings us to what I believe is a potential build-up to war between the US and our neighbor. The election of Mark Carney basically seals the deal.The former central banker is a notorious high ranking member of the World Economic Forum and a devout globalist. He has called for a global digital currency system and supports the cashless society concept. He will no doubt increase tensions with the US on every front from trade to border controls and he WILL get friendly with governments that are hostile to America.Upon his election win his first act was to attack the US and Trump, hinting at closer connections with the EU, not to mention refusing to negotiate on trade.The EU issue, I believe, is a hot spark in a hay bale. As I’ve noted in recent articles, the EU is without any doubt going full blown authoritarian because they know they can. The vast majority of Europeans are disarmed making any rebellion much more difficult.They are locking up political opponents and citizens that speak out. They are instituting a vast online censorship apparatus. They are importing millions of third world migrants that can be used as enforcers to keep the native population in line. They are openly talking about forced military conscription and are courting the idea of war with Russia.European governments are the enemy of all free people. This can only lead to bloody conflict in the future.By extension, Mark Carney, head of the Bank of England from 2013 to 2020, has deep connections to the European elites and is loyal to the WEF. I would not be surprised if he immediately organizes a campaign for Canada to join the EU, or, creates policies which give the EU a geopolitical foothold in North America. The union’s treaty currently requires that a country be a geographical part of Europe before it can join. There are also a number of obstacles for inclusion, but as we have seen with Ukraine, the EU is happy to bend or change the rules if it suits them.If membership is formed or a defense pact signed, the EU’s ongoing plan to create a “European Army” would then extend to Canada and put the US and Canada/Europe in a framework for escalation. Canada is working on such a defense deal with the EU right now.It’s important to understand that this war would start out as economic and quickly become ideological. The progressives believe that populist, nationalist and conservative movements are a “threat to democracy” (which means they are a threat to the globalist order). They view American conservatives as the last obstacle to their “Great Reset” (an agenda which Carney avidly supports) and they will do everything in their power to remove that obstacle.Carney WILL invite the EU to take a more active role in Canadian affairs and seek out their “protection”, economically as well as strategically. This would only exacerbate the diplomatic situation with the US and invite an American invasion.The tariffs will become perpetual under Carney because it’s unlikely he will seek honest negotiations. Rather, he will seek to provoke. Around 76% of Canada’s exports are sold to the US and there is no realistic replacement for this market. Canada does not have the means to ship their goods overseas without raising prices exponentially. They would lose their competitive trade advantage. Around 30% of Canada’s GDP relies on export sales. Canada’s economy will be destroyed by long term tariffs.This will inevitably lead to extra-economic retaliation; meaning, Canada will seek a means to hurt the US beyond reciprocal tariffs because tariffs will not help them. They will try to cut off oil exports to the US even though they have no alternative buyers. They will cut off the hydropower that they sell to states like New York, Minnesota and Michigan. They will try to interfere with US shipping lanes that cross into Canadian controlled waters (Great Lakes and St. Lawrence Seaway).Again, this would elicit a war response from the US and victory would be swift. The existing Canadian government would have zero chance of staying in power.For those that think a conflict with Canada sounds ridiculous, I would remind them that times are changing rapidly. What you might think of as the status quo for geopolitics today is over. As globalism breaks apart we are entering the wild west, so saddle up and sack up. There’s no room for normalcy bias anymore.I predict that within the next two years there will be serious talk of portions of Canada (like Alberta) seceding over to the US as Carney crushes citizens with carbon taxation, increased censorship, continued mass immigration and gun bans. The new Primer Minister will make every effort to make Canada as draconian as Europe.More progressive parts of Canada will pursue EU membership. And, the idea of war will not sound so crazy anymore. In fact, I suspect it will be a common debate around the average American and Canadian dinner table.Again, with a globalist ghoul like Mark Carney in control of Canada the chances for heightened tensions are immense and unfortunately a large enough percentage of Canadians are gullible enough to follow his lead thinking they can win. Make no mistake, a war with the globalists is brewing and Canada is currently leaning globalist. This might very well mean a conflagration between Americans and Canadians in the near future.* * *If you would like to support the work that Alt-Market does while also receiving content on advanced tactics for defeating the globalist agenda, subscribe to our exclusive newsletter The Wild Bunch Dispatch. Learn more about it HERE.Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge. Tyler DurdenFri, 05/02/2025 - 22:35

2025-05-03

California the world’s fourth biggest economy? Not necessarily

Here's where California ranks in cost of living compared to the other states.e

2025-05-03

United Airlines axes dozens of daily flights at Newark Airport over delays, FAA walk-offs: ‘No other choice’

One flight from Boston to Newark was delayed over six hours.

2025-05-03

La última jornada de puertas abiertas de Holy Name Cemetery & Mausoleum les ofrece a las familias una última oportunidad para garantizar los precios de 2025

JERSEY CITY, N.J., 2 de mayo de 2025 /PRNewswire-HISPANIC PR WIRE/ -- A medida que avanza el año, se les exhorta a las familias a reflexionar sobre un tema importante: ¿Cómo serán recordados usted y sus seres queridos? Catholic Cemeteries of the Archdiocese of Newark invita a la comunidad...

2025-05-03

Teleflex Incorporated Announcement: If You Have Suffered Losses in Teleflex Incorporated (NYSE: TFX), You Are Encouraged to Contact The Rosen Law Firm About Your Rights

NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Teleflex Incorporated (NYSE:TFX) resulting from allegations that Teleflex may have issued materially misleading business information to the investing public.SO WHAT: If you purchased Teleflex securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=38855 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.WHAT IS THIS ABOUT: On February 27, ...Full story available on Benzinga.com

2025-05-03

Trump on if US will enter a recession: ‘Anything can happen’ - The Hill

Trump on if US will enter a recession: ‘Anything can happen’ The HillTrump calls on Fed once again to lower rates after solid April jobs report CNBCTrump downplays recession fears, saying the U.S. would be 'OK' in the long term NBC NewsJobs Report Today: Trump Calls Again for Rate Cuts After Strong April Hiring, Steady Unemployment Barron'sTrump says US in transition period, downplays impact of short-term recession reuters.com

2025-05-03

'I was just shocked' | Westwood resident gets help from city officials for expensive sidewalk repair bill

A Westwood resident facing $2,700 in sidewalk repairs gets help from city officials after a WCPO 9 News report highlighted his struggle with tree root damage.

2025-05-03

These Are All The Things People Use AI For In 2025

These Are All The Things People Use AI For In 2025 Thought leaders dubbed ChatGPT’s emergence - and subsequent generative AI proliferation - as the “fourth industrial age.”Whether it will re-shape the economy entirely still remains to be seen. But there’s no denying that most people are familiar with, and are actively using AI.What are they using it for?This ranking tracks the most popular AI use cases as sourced from an analysis done by Marc Zao-Sanders for Harvard Business Review. He examined thousands of forum posts over the last year in a follow-up to his 2024 analysis.The top 30 ranks from this report have been visualized in this graphic via Visual Capitalist's Pallavi Rao. Labels have been edited lightly from the source for readability. This visualization is part of Visual Capitalist’s AI Week, sponsored by Terzo.Here’s How Everyone is Using AI in 2025People are using AI for support (both professional and personal) in 2025In fact, the top three use cases (therapy, life organization, and finding purpose) all show that AI can assist humans in managing both emotions and their life.2024Use CaseCategory2025Use CaseCategory1Generate IdeasContentCreation1Therapy & CompanionshipSupport2Therapy & CompanionshipSupport2Organize LifeSupport3Specific SearchResearch& Analysis3Find PurposeSupport4Edit textContentCreation4Enhance LearningLearning &Education5Explore InterestsLearning &Education5Generate CodeTechnicalAssistance6Fun & NonsenseCreativity &Recreation6Generate IdeasContentCreation7TroubleshootTechnicalAssistance7Fun & NonsenseCreativity &Recreation8Enhance LearningLearning &Education8Improve CodeTechnicalAssistance9Personalize LearningLearning &Education9CreativityContentCreation10General adviceSupport10Healthy LivingSupport11Draft emailsContentCreation11Interview PreparationLearning &Education12ExplainersLearning &Education12Generate ImagesCreativity &Recreation13Write & Edit RésuméSupport13Specific SearchResearch& Analysis14Excel FormulasTechnicalAssistance14ExplainersLearning &Education15Email WritingContentCreation15Cooking GuidanceCreativity &Recreation16Evaluate CopyResearch& Analysis16TroubleshootTechnicalAssistance17Improve DecisionsResearch& Analysis17Personalize LearningLearning &Education18TranslationTechnicalAssistance18Boost ConfidenceSupport19Improve CodeTechnicalAssistance19Email WritingContentCreation20Draft DocumentContentCreation20Explain LegaleseTechnicalAssistance21NavigatePersonal DisputesSupport21Child EntertainmentCreativity &Recreation22Summarize ContentLearning &Education22Corporate LLMSupport23Make a ComplaintSupport23Student EssaysLearning &Education24RecommendationsCreativity &Recreation24Travel ItinerarySupport25Cooking GuidanceCreativity &Recreation25Childcare HelpCreativity &Recreation26Generate AppraisalsContentCreation26Medical AdviceSupport27CreativityContentCreation27Navigate Personal DisputesSupport28Medical AdviceSupport28Generate Legal DocumentContentCreation29GenerateLegal DocumentContentCreation29ConversationsSupport30Fix CodeTechnicalAssistance30Anti-trollingContentCreationAnd aside from therapy, these were not the top uses in 2024: which revolved around idea generation and search.Speaking of AI search, its popularity has fallen 10 spots. People are still interested in learning and making AI explain concepts or add context for them. But they’re not actively looking up information as much.(This may also be because of Gemini’s integration in Google Search).AI For Mental Health: Good or Bad?With mental health support severely underfunded and the Loneliness Epidemic only continuing, it’s no surprise AI has emerged as a viable outlet for people to get some support in their life.Experts say they can see its usefulness for teaching mindfulness or cognitive behavioral therapy to users.However, the problem occurs when AI is used as a replacement for actual human relationships, preventing deeper human connections, in turn exacerbating loneliness.Need More AI Insights? From our AI Week coverage, brought to you by Terzo, check out the Countries Accumulating the Most AI Patents and much more on the AI content hub and discover where the future of AI is going to emerge. Tyler DurdenFri, 05/02/2025 - 22:10

2025-05-03

The scoop on Portland’s new boozy ice cream shop

The "barlour" offers alcohol-infused ice cream in all forms, including a Portland-exclusive flavor of Marionberry Martini ice cream with Wild Root.

2025-05-03

San Jose: Man dies of injuries he suffered in 2023 crash

The two-vehicle collision happened at the intersection of Berryessa and Piedmont roads.

2025-05-03

United Airlines Cancels 35 Roundtrip Flights From Newark After ATC Staffers Take Leave - Simple Flying

United Airlines Cancels 35 Roundtrip Flights From Newark After ATC Staffers Take Leave Simple FlyingNewark Airport bogged down with flight delays, cancellations amid staffing issues; United canceling 35 round-trip flights ABC7 New YorkUnited Airlines Cancels Newark Flights Over FAA Staffing WSJUnited to cancel 35 roundtrip flights a day at EWR after ongoing FAA equipment, staffing issues: CEO NBC New YorkMajor delays at Newark Airport roll into fifth day as FAA cites air traffic control staffing issues CNN

2025-05-02

Hershey opens new chocolate plant as part of $1B supply chain upgrade

Dive Brief:Hershey opened a 250,000-square-foot chocolate processing facility in Hershey, Pennsylvania, the company's first new manufacturing plant in the city in more than 30 years, per an April 16 emailed press release.The Reese Chocolate Processing facility, named after brand founder H.B Reese, took nearly three years to complete. It will provide chocolate for brands such as Reese’s, Kit Kat and Hershey’s.The confection and salty snacks maker said the project is part of a multi-year, $1 billion investment that also includes the addition of 13 production lines and the upgrading of 11 existing lines across Hershey’s North American facilities.Dive Insight:As companies look to boost production and improve the efficiency of their existing supply chain, more are adding, expanding or even closing older facilities across their networks.The new Hershey’s plant is located on a 55-acre site that is part of the company’s existing Reese’s campus. The site has nearly 100 full-time employees and will add more positions as operations expand.“Our ability to make and deliver products both quickly and efficiently is a key component of our growth strategy,” Will Bonifant, vice president of supply chain strategy and manufacturing at Hershey, said in a statement. “We’ve made significant investments to speed production, increase capacity and develop our workforce for the future to make more of the iconic brands consumers love.”Hershey has recently stepped-up efforts to boost innovation across its portfolio that includes everything from Kisses and Reese’s to gummies and Dot’s pretzels. While Hershey has used M&A to expand its portfolio, a major part of its ability to innovate comes from efforts it has taken to grow production capacity.In 2023, for example, Hershey purchased two popcorn operations from a co-manufacturer to increase production capacity and flexibility for its SkinnyPop brand. And when it purchased Dot’s in 2021, a key part of that $1.2 billion deal was buying manufacturing locations to increase output as demand increased.

2025-05-02

Prime Focus Group Strikes Deal with Government of Maharashtra to Develop a New Global Entertainment Ecosystem in Mumbai

Prime Focus Group, in collaboration with Maharashtra Gov, proposes an investment of 3000crs (approx $400m USD) in infrastructure development in MumbaiInvestment will create the world's most technologically advanced and digitally connected content creation ecosystem at the heart of one of the world's oldest filmmaking industriesThe new hub, which will also feature world-class entertainment and lifestyle experiences, is designed to attract both domestic and international tourism The multi-year project is expected to create thousands of highly skilled jobs in the regionMUMBAI, India, May 02, 2025 (GLOBE NEWSWIRE) -- Prime Focus Group (‘the Group'), the world's largest independent integrated media services powerhouse, in collaboration with the Government of Maharashtra, announced today that it intends to develop a new global entertainment destination at the heart of India's filmmaking industry in Mumbai.The announcement outlines an investment of 3000crs (approximately $400m USD) in the development of a new entertainment ecosystem, creating a unique destination for content creators, tourists, and fans of entertainment from all over the world, and creating thousands of highly skilled jobs in the region.Prime Focus, established in 1997 by founder Namit Malhotra and listed on both the National and Bombay Stock Exchanges of India, is the parent company of the Prime Focus Group, which includes eight-time Academy Award©-winning visual effects and animation company DNEG, AI technology company BRAHMA, and content financing and production company Prime Focus Studios.The facilities proposed for the new site include:world-class production studios to facilitate high-end content ...Full story available on Benzinga.com

2025-05-02

AP Business SummaryBrief at 10:47 a.m. EDT

US robot makers hope to beat China in humanoid race. Tariffs could affect their ambitions

2025-05-02

Equinor Offloads Major Stake in Brazilian Oil Field In $3.35 Billion Exit

Equinor ASA (NYSE:EQNR) subsidiary, Equinor Brasil Energia, on Thursday, planned to sell its 60% operated interest in the Peregrino field in Brazil to Prio Tigris for $3.35 billion.The payment will be made in two tranches: $2.23 billion (plus a contingent of $166 million upon completion of the second part) for 40% and operatorship, and $951 million for the remaining 20% plus up to $150 million in interest could be added.The deal’s effective date is January 1, 2024, with the final cash payment adjusted accordingly.Equinor will continue to operate the Peregrino field until the transaction Veronica Coelho, Senior Vice President and Country Manager for Equinor Brazil, is finalized, at which point PRIO will assume operatorship.Philippe Mathieu, Executive Vice President for Exploration and Production International at Equinor, said, “Brazil will continue to be a core country for ...Full story available on Benzinga.com

2025-05-02

The 3 most common lead generation mistakes and how to avoid them

Generating high-quality leads isn’t easy, but it’s one of the most critical aspects of growing a successful business. Yet, even the best marketers can make mistakes in their lead-generation strategies that cost them potential customers.At the recent Developing a Winning B2B Lead Generation Strategy for 2025 virtual event, industry experts, former HubSpot Vice President of Revenue Marketing (now Vice President of Growth & Demand at Gong) Beau Vasquez, The Business Journals Content Studio Executive...

2025-05-02

VICTOR DAVIS HANSON: The Trump Counterrevolution And The Moral Ledger

'So, too, on trade, the Trump administration is in the right.'

2025-05-02

Employers added a surprising 177,000 jobs as job market shows resilience. Unemployment stays at 4.2%

American employers added a better-than-expected 177,000 jobs in April as the job market showed resilience in the face of President Donald Trump’s trade wars. Hiring was down slightly from a revised 185,000 in March and came in above economists’ expectations...

2025-05-02

Employers added a surprising 177,000 jobs as job market shows resilience

American employers added a better-than-expected 177,000 jobs in April as the job market showed resilience in the face of President Donald Trump’s trade wars.

2025-05-02

IRS unveils new HSA limits for 2026. Here's what investors need to know

A major footwear trade group sent a letter to President Donald Trump this week asking him to exempt shoes from his so-called “reciprocal tariffs.” Brands like Nike, Adidas and Skechers co-signed the letter. The letter claimed the tariffs pose an “existential threat” to footwear businesses and families and that under the scheme inventories would soon run low. America’s largest shoe brands are asking President Donald Trump for a tariff reprieve.The Footwear Distributors and Retailers of America trade group sent a letter to the White House this week asking for an exemption to Trump’s so-called “reciprocal tariffs,” which the association said pose an “existential threat” to the footwear industry. The letter is signed by 76 footwear brands, including Nike, Adidas, Skechers and Under Armour.“Many companies making affordable footwear for hardworking lower and middle-income families cannot absorb tariff rates this high, nor can they pass along these costs. Without immediate relief from the reciprocal tariffs they will simply shutter,” reads the letter, which is dated April 29.“Many orders have been placed on hold, and footwear inventory for U.S. consumers may soon run low,” the trade group said.Trump’s wide-sweeping tariffs, announced on April 2, included levies on several countries that are important sources for footwear suppliers, including China, Vietnam and Cambodia. While the initial tariff rates of over 45% for Vietnam and Cambodia were lowered to 10% for a 90-day period, the Trump administration has only ratcheted up duties on Chinese imports, which are now subject to an effective tariff rate of 145%.Trump’s higher tariffs on dozens of trade partners are set to resume in early July.Adidas previously warned this week that tariffs would lead to higher prices for American consumers. In late March, before the specific reciprocal tariff rates were announced, Nike’s finance chief said global levies and economic uncertainty would result in lower current-quarter sales.The footwear association’s letter said the industry had already been facing significant duties on products like children’s shoes before Trump announced his broad tariffs. In total, U.S. footwear companies will face tariffs ranging from 150% to about 220%, the trade group said.“This is an emergency that requires immediate action and attention. The American footwear industry does not have months to adjust business models and supply chains while absorbing this unprecedented and unforeseen tariff regime,” the association wrote.The group further warned that the tariffs won’t result in bringing manufacturing back to the U.S., as Trump has promised, because they erase the certainty that businesses require in order to invest in sourcing changes.The White House didn’t immediately respond to a CNBC request for comment.

2025-05-02

Most US-Bound iPhones Will No Longer Be Made in China, Says Apple

Apple CEO Tim Cook told investors in a second quarter earnings call that the company will import the bulk of its phones for the American market from India.

2025-05-02

MLC BREAKS GROUND ON NEW OPERATION IN BONNE TERRE, MO FOR DOLOMITIC LIME

ST. LOUIS, May 1, 2025 /PRNewswire/ -- Leaders from MLC and its parent company, HBM Holdings, broke ground on a historic investment at MLC's Bonne Terre, Mo. location for dolomitic lime. MLC is completely refurbishing the site, a project that...

2025-05-02

Resource centre hosts inaugural First Nation natural resource forum

The Saskatchewan First Nations Natural Resource Centre of Excellence announced the inaugural First Nations Energy and Natural Resource Forum, a three-day event [...]The post Resource centre hosts inaugural First Nation natural resource forum appeared first on Canadian Mining Journal.

2025-05-02

Cleveland's Celebrezze Federal Building slated for 'accelerated disposition'

The federal government has set its sights on a prominent Cleveland landmark as part of a broader initiative to streamline its real estate holdings.

2025-05-02

Trump's Newest Iran Sanctions Another Shot Across China's Bow

Trump's Newest Iran Sanctions Another Shot Across China's Bow Thursday saw President Trump and the US Treasury unleash a new sanctions pile-on against Iran, with a new rollout of secondary sanctions targeting Iranian oil and petrochemical products, sending crude prices higher on the day..."They will not be allowed to do business with the United States of America in any way, shape, or form," the President wrote on Truth Social in combination with a Treasury statement. It's as yet unclear precisely how such sanctions will be implemented, with the most extreme or 'nuclear option' being naval intervention against vessels transporting Iranian oil.Chinese Vice Premier Ding Xuexiang meets with Iran's Foreign Minister Seyed Abbas Araghchi in Beijing last month. Yin Bogu/Xinhua via Getty ImagesThe main warning and teeth behind it centers on the threat that any nation buying oil or petrochemicals from the Islamic Republic will be barred from doing any business with the US."Any Country or person who buys ANY AMOUNT of OIL or PETROCHEMICALS from Iran will be subject to, immediately, Secondary Sanctions," Trump stated in the post. Oil had quickly jumped 2% on the mid-afternoon announcement.Trump is clearly setting out to negotiate from a position of "strength" amid his maximum pressure campaign, aimed at getting Tehran to sign on to a fresh nuclear agreement.Talks have apparently hit some logistical hurdles, or perhaps Trump's new secondary sanctions have resulted in jitters and renewal of anger and lack of trust from Iranian leadership:A fourth round of Iran-US talks over Tehran's nuclear program has been postponed.Iran said the two countries, along with facilitators Oman, had jointly decided to postpone Saturday's meeting in Rome for "logistical and technical reasons". The US said the timing of the talks had not been confirmed in the first place.Is this an intentional stall?Surely it's also a shot across China's bow, given that it imports over a million barrels per day from Iran, and for years amid Tehran's isolation has been the biggest buyer of Iranian crude.As for when US-Iran talks might resume, after relatively 'positive' prior recent rounds, Iran's Foreign Minister Seyed Abbas Araghchi emphasized Thursday on X that Tehran's "determination to secure a negotiated solution" had not changed.Kpler & TankerTrackers.comHe wrote: "In fact, we are more determined than ever to achieve a just and balanced deal: guaranteeing an end to sanctions, and creating confidence that Iran's nuclear program will forever remain peaceful while ensuring that Iranian rights are fully respected." Tyler DurdenThu, 05/01/2025 - 22:35

2025-05-02

US stock futures turn positive as China signals potential trade talks - Investing.com

US stock futures turn positive as China signals potential trade talks Investing.comView Full Coverage on Google News

2025-05-02

Hubbell-Wiegmann plant to close by 2026; 110 workers to be laid off

More than 100 people in one Metro East community will soon be out of a job after their employer announced plans to close next year.Since 1958, the Hubbell-Wiegmann plant has been a staple in Freeburg. “They manufacture electrical boxes, like disconnect boxes for your air conditioner,” Freeburg Mayor Seth Speiser said. The company also makes larger electrical enclosures and power systems.Speiser admitted there have been multiple rumors over the years that the plant would close.“Recently,...

2025-05-02

CNBC Daily Open: Signs of weakness in Apple and Amazon's earnings

China said it is assessing overtures by U.S. authorities over negotiations for a trade deal. Apple reported second-fiscal-quarter earnings Thursday that beat expectations. Amazon reported better-than-expected results for the first quarter. Standard Chartered reported first-quarter earnings that exceeded analyst estimates. U.S. stocks advanced Thursday, boosted by jumps in Meta Platforms and Microsoft. Rallies in Microsoft and Meta have reignited enthusiasm over artificial intelligence.For the quarter that ended in March, Apple and Amazon reported top- and bottom-line numbers that beat analysts’ expectations, joining their fellow “Magnificent Seven” counterparts Alphabet, Microsoft and Meta Platforms on the podium. (Tesla’s long-promised full self-driving is still in the process of helping the electric vehicle company cross the line.)That said, the financial results of both Apple and Amazon had some weaknesses under the hood. Apple’s Services division, which comprises offerings such as advertising, iCloud and Apple TV+, fell short of estimates. That matters because it’s the second-highest revenue generator for Apple, trailing only its iPhone division. As for Amazon, its cloud division — the largest cloud provider in the world — failed to meet revenue expectations for the third time in a row, suggesting growth is slowing.CEOs of both companies also flagged the challenge in predicting how tariffs will affect not just the current quarter, but also the year ahead. Despite the excitement shown by investors over Microsoft and Meta — as seen in rallies in those companies’ shares Thursday — potholes still exist for Big Tech’s road ahead.Note: CNBC Daily Open will be away on May 5, Monday, for the holiday in Singapore. The newsletter will return May 6, Tuesday.What you need to know todayChina assessing U.S. offer to negotiateSenior U.S. officials have reached out recently “through relevant parties multiple times,” hoping to start negotiations with China on tariffs, a spokesperson for Beijing’s commerce ministry said in a statement Friday. Chinese authorities said they are evaluating the overtures, but reiterated their request for the U.S. to remove all unilateral tariffs. Analysts also cautioned that reaching a comprehensive deal will be complex and time-consuming.Apple’s Services earnings missed expectationsApple reported second-fiscal-quarter earnings Thursday that beat Wall Street expectations. However, the company’s closely watched Services division fell short of estimates, and CEO Tim Cook said it’s “very difficult” to predict the impact of tariffs beyond June. Separately, Apple said it would appeal after a court found that the company willfully violated a 2021 injunction that came out of the Epic Games trial.Cloud growth at Amazon slowsAmazon reported better-than-expected results for the first quarter. But revenue at Amazon Web Services grew at a slower pace than expected, a third straight revenue miss. The company issued light guidance, noting that “tariffs and trade policies” and “recessionary fears” could cause its forecast to change. Still, CEO Andy Jassy said he’s “optimistic” the company could emerge from the uncertainty stronger.Standard Chartered exceeds estimatesStandard Chartered reported Friday first-quarter earnings that beat profit expectations, thanks to strong growth in its wealth management, global markets. and global banking businesses. The bank’s profit before taxation for the three months ended March was $2.1 billion, up from $1.91 billion in the same period a year ago. Investors cheered the results, sending Hong Kong-listed Standard Chartered shares 2.75% higher.Big Tech stocks boost U.S. indexesU.S. stocks advanced Thursday, boosted by jumps in Meta Platforms and Microsoft shares after the companies reported rosy earnings. The S&P 500 gained 0.63%, the Dow Jones Industrial Average added 0.21% and the tech-heavy Nasdaq Composite climbed 1.52%. Asia-Pacific markets rose Friday. Hong Kong’s Hang Seng Index added roughly 1.7% on news that China is evaluating the prospect of talks with the U.S.[PRO] Is Big Tech back? A pair of strong earnings reports from Microsoft and Meta appears to have reignited excitement around the artificial intelligence trade and may be, at least temporarily, pushing tariff worries from investors’ minds. However, some market watchers think Microsoft’s breakout rally is unique.And finally...Sedat Suna | Getty Images News | Getty ImagesThe Roche Holding AG headquarters on April 11, 2025, in Basel, Switzerland.Inside the deal: Roche and Zealand Pharma’s $5.3 billion obesity drug gambitThe ballooning obesity drug market may have a new contender after Roche struck a $5.3 billion deal to develop Danish biotech Zealand Pharma’s “next generation” weight loss candidate.The deal, announced in March and set to close in the second quarter, marks the Swiss pharmaceutical company’s latest bid to compete with weight loss heavyweights Novo Nordisk and Eli Lilly. Roche has been building portfolio of obesity treatment drugs in recent years.Zealand Pharma’s petrelintide amylin analog could set the prospective drug apart. Amylin analogs, a nascent form of weight loss treatment, mimic a hormone co-secreted with insulin in the pancreas to increase satiety. This differs from currently prevalent GLP-1 obesity drugs such as Zepbound and Wegovy, which mimic incretin hormones produced in the gut to suppress appetite.

2025-05-02

Mining People: Argenta Silver, Cornish Metals, FPX Nickel, Homeland Uranium, Liberty Gold, Sonoran Desert Copper, ESGold, Integral Metals, NEO Battery Materials

Management changes announced this week: Argenta Silver appointed Joaquin Marias as the company’s new president and CEO. Aris Mining announced Richard Orazietti will [...]The post Mining People: Argenta Silver, Cornish Metals, FPX Nickel, Homeland Uranium, Liberty Gold, Sonoran Desert Copper, ESGold, Integral Metals, NEO Battery Materials appeared first on Canadian Mining Journal.

2025-05-01

Kohl’s fires CEO Ashley Buchanan for cause

Undisclosed conflicts of interest cited by the department store chain.

2025-05-01

A major change is coming to ChatGPT that users will hate

The team behind the popular chatbot is taking a major step that may be controversial.

2025-05-01

Can Spotify Get Back to Growth in 2025?

User growth was disappointing, but Spotify is still the best company in music.

2025-05-01

Charted: How Daily Incomes Have Changed in Top Economies (1994-2024) - Visual Capitalist

Charted: How Daily Incomes Have Changed in Top Economies (1994-2024) Visual Capitalist

2025-05-01

ABC Supply Roars into May with a $4 Million Goal—and a $1 Million Match—for Homes For Our Troops!

Taunton, MA, May 01, 2025 (GLOBE NEWSWIRE) -- Start your engines and get ready for the greatest spectacle in racing as we fuel the mission to support our nation's severely injured post-9/11 Veterans! For the fourth straight year, the national nonprofit Homes For Our Troops (HFOT) will be featured during the 109th running of the Indianapolis 500 presented by Gainbridge on Sunday, May 25, 2025!HFOT's Platinum Partner, ABC Supply Co. Inc., is racing towards a fundraising goal of $4 million and will also match all donations made to HFOT up to $1 million total for the entire month of May — also National Military Appreciation Month — from Thursday, May 1, through Saturday, May 31. ABC Supply is putting HFOT in the Indy 500 spotlight, gifting the livery of the No. 14 AJ Foyt Racing Chevrolet—a head-turning red-white-and-blue rocket piloted by fan-favorite Santino Ferrucci and sponsored by ABC Supply. Every lap Ferrucci runs amplifies HFOT's life-changing work: building and donating specially adapted custom homes so severely injured post-9/11 Veterans can rebuild their lives with dignity and independence. To date, ABC Supply has raised over $12 million for HFOT through its annual Indy 500 fundraiser."Homes For Our Troops' Platinum Partner ABC Supply is once again pledging their commitment to our nation's Veterans by spotlighting HFOT during the 109th running of the Indy 500 in 2025," says HFOT President and CEO Brigadier General (Ret) Tom Landwermeyer. "Their fundraising goal of $4 million with a $1 million match advances our mission of Building Homes and Rebuilding Lives, enabling us to get even more severely injured post-9/11 Veterans and their families ...Full story available on Benzinga.com

2025-05-01

Fichtner Home Exteriors Marks 14 Consecutive Years as Central Maryland's Most Trusted Roofer in "What's Up? Media's" Best of Annapolis Awards

ANNAPOLIS, Md., May 1, 2025 /PRNewswire/ -- Fichtner Home Exteriors, an Annapolis-based leader in roofing and exterior home improvements, has solidified its legacy as a cornerstone of trust and quality. For an extraordinary 14th consecutive year, the company has been voted #1 roofer,...

2025-05-01

Mene Inc. Reports Financial Results for the Fourth Quarter and Year Ended 2024

TORONTO, April 30, 2025 (GLOBE NEWSWIRE) -- Menē Inc. (TSX-V:MENE) (US:MENEF) (“Menē” or the “Company”), an online 24 karat jewelry brand, today announced financial results for the fourth quarter and year ended December 31, 2024. All amounts expressed herein reflect Canadian dollars unless otherwise noted.

2025-05-01

Trump Blames GDP Contraction On Biden 'Overhang': 'Nothing To Do With The Tariffs'

President Donald Trump deflects blame for the U.S. economy's 0.3% contraction in the first quarter onto his predecessor, despite clear evidence indicating otherwise.What Happened: On Wednesday, Trump posted on Truth Social, blaming former President Joe Biden for the country’s Gross Domestic Product (GDP) contracting by 0.3% during the first quarter. This marks the first GDP contraction for the country in three years.Trump, who assumed office on Jan. 20, 2025, claimed in the post that “This is Biden's stock market, not Trump's,” and insisted the contraction “has nothing to do with the tariffs.”Full story available on Benzinga.com

2025-05-01

AP Business SummaryBrief at 10:42 p.m. EDT

Trump company strikes Qatari golf resort deal in a sign it's not holding back from foreign business

2025-05-01

AP Technology SummaryBrief at 10:42 p.m. EDT

Visa wants to give artificial intelligence 'agents' your credit card

2025-05-01

Court sides with Fortnite maker Epic as Apple sanctioned for defying order in App Store case

A federal judge has found that Apple violated a court injunction in an antitrust case filed by Fortnite maker Epic Games. Judge Yvonne Gonzalez Rogers had ordered Apple to lower the barriers protecting its previously exclusive payment system for in-app...

2025-05-01

Microsoft to Continue Building Data Centers as Cloud and AI Lead Growth - PYMNTS.com

Microsoft to Continue Building Data Centers as Cloud and AI Lead Growth PYMNTS.comMicrosoft Q3 preview: Wall Street, amid tariff fears, is looking for proof AI is paying off Yahoo FinanceMicrosoft shares jump 9% on earnings and revenue beat, uplifting forecast CNBCMicrosoft Smashes March-Quarter Targets On Cloud, AI Gains Investor's Business DailyMicrosoft Flexes Muscle in Cloud, Office and Windows as Earnings Jump WSJ

2025-04-30

Trump says diversity initiatives undermine merit. Decades of research show this is flawed

US President Donald Trump declared earlier this year he would forge a "color blind and merit-based society."

2025-04-30

American car company takes drastic action in response to tariffs

The car company is feeling pain, but it did throw investors a lifeline Tuesday.

2025-04-30

Continental Pump Company and Integrity Pump & Motor Partner to Form Kinetiflo Group

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Apr 30, 2025--

2025-04-30

$1000 Invested In Jones Lang LaSalle 5 Years Ago Would Be Worth This Much Today

Jones Lang LaSalle (NYSE:JLL) has outperformed the market over the past 5 years by 3.17% on an annualized basis producing an average annual return of 16.98%. Currently, Jones Lang LaSalle has a market capitalization of $10.85 billion. Buying $1000 In JLL: ...Full story available on Benzinga.com

2025-04-30

Walmart is selling a $1,299 electric scooter for $330, and shoppers call it 'great' for everyday use

"This is the best scooter in the price range, hands down."

2025-04-30

InventHelp Inventor Develops New Shin Guards for Catchers (LJD-476)

PITTSBURGH, April 30, 2025 /PRNewswire/ -- "I wanted to create new shin guards that would provide added cushioning and protection for a catcher when squatting," said an inventor, from East Meadow, N.Y., "so I invented the RIVERA SHIN GUARD. My design reduces physical strain, and it...

2025-04-30

To Mark the End of Earth Month, Over 100 Nonprofits, Businesses, Philanthropists, & Cultural Leaders Pledge Renewed Commitment to Protecting & Advancing Climate Solutions

Commitment includes pledging to address climate leadership and investment gap widened by the Trump administration Read "We Heart People & Planet: Stand for Climate Justice" here.OAKLAND, Calif., April 30, 2025 /PRNewswire/ -- In a letter organized by The Solutions Project, over 100 nonprofits, businesses, foundations, and key cultural leaders have pledged a renewed commitment to protecting and advancing climate solutions that improve people's lives and promote healthy communities. This pledge demonstrates a commitment to addressing the climate leadership and investment gap widened by the current administration."It's time to make a renewed commitment to bold climate solutions that benefit all living beings and Mother Earth," the letter says. "We believe that we can come together to create the positive climate tipping point we need."The impact of community-led climate solutions is clear. In the last three years alone, community-led climate organizations serving over one million people across the U.S. and supported by The Solutions Project have secured dozens of climate policy and campaign wins. These successes, if defended, will benefit 106 million people by improving air and water quality, creating well-paying jobs, and providing energy efficient, affordable housing all while reducing carbon emissions and protecting the natural environment.Addressing climate change is not only necessary, it also has widespread public support. Survey after survey proves people want action on climate, including a transition to renewable energy, despite the election results. Still, the current federal administration has launched unprecedented attacks on climate solutions and environmental protection laws, including attempting to freeze or cancel critical investments and grants, close EPA's environmental justice ...Full story available on Benzinga.com

2025-04-30

MarketsandMarkets' 360Quadrants Recognizes Top Startups and SMEs in the Variable Frequency Drive (VFD) Quadrant Report 2025

DELRAY BEACH, Fla., April 30, 2025 /PRNewswire/ -- 360Quadrants has released its latest Variable Frequency Drive (VFD) Startups and SMEs Quadrant Report – 2025, recognizing key players, including both global giants and emerging innovators, for their excellence in market presence, product...

2025-04-30

CNBC Daily Open: Trump's first 100 days are historic — for all the wrong reasons

Trump said Tuesday that tariff negotiations with India are “coming along great,” and he thinks the U.S. will strike a trade deal with the country. Trump signed an executive order Tuesday softening some of the automotive tariffs his administration put into place earlier this month, as the car industry grapples with regulatory uncertainty and additional costs. China’s manufacturing activity fell more than expected to a near two-year low, sliding into contractionary territory in April. Investors have been piling into emerging market bonds as Treasurys’ long-held reputation as a safe haven took a beating.The term “shock and awe” is used to describe a military strategy where rapid dominance is achieved over an adversary by the initial imposition of overwhelming force and firepower. Said adversary is left reeling and unable to respond effectively, while onlookers are surprised and impressed. Now, U.S. President Donald Trump has definitely brought a lot of shock in the first 100 days of his presidency, taking an absolute hammer to trade links, alliances, and even his own government, but it can hardly be said to have left anybody impressed. The new tariffs have seen the previously sanguine inflation outlook in the U.S. called into question, while a hostile stance to traditional allies such as Canada and the NATO alliance has left multi-decade relationships in tatters. Most importantly, there has not been a single trade deal concluded with Trump’s administration — despite him claiming to have done “200 deals” (Fun fact: there are only 195 countries in the world), China is still striking a defiant tone on trade, and the war in Ukraine rages on. The president has also been forced to walk back on his “reciprocal tariffs.” In other words, Trump may have wanted his first 100 days to be historic — they might well be, but for all the wrong reasons. — Lim Hui JieWhat you need to know todayTrump claims to be close to India trade deal Trump said Tuesday that tariff negotiations with India are “coming along great,” and he thinks the U.S. will strike a trade deal with the country. “I think we’ll have a deal with India,” Trump said during brief remarks to reporters outside the White House. “The prime minister, as you know, was here three weeks ago, and they want to make a deal.” His comments come after Treasury Secretary Scott Bessent said the U.S. was “very close on India.”Trump signs order easing some auto tariffsTrump signed an executive order Tuesday softening some of the automotive tariffs his administration put into place earlier this month, as the car industry grapples with regulatory uncertainty and additional costs due to the levies. Tariffs of 25% on imported vehicles into the U.S. will continue, but the new measures aim to reduce the overall tariff level on vehicle imports that had resulted from separate levies — such as an additional 25% tariffs on steel and aluminum — “stacking” on top of one another.Markets climb on softer tariff stanceU.S. markets rose on Tuesday as the White House said a major trade deal was close to being announced. The blue-chip Dow Jones Industrial Average climbed 0.75%, while the S&P 500 gained 0.58%, ending at 5,560.83. Both indexes posted a sixth straight positive day, marking the longest win streak since July for the Dow and since November for the S&P 500. The Nasdaq Composite advanced 0.55%. Over in Asia, markets were mixed, with most indexes except the Kospi in positive territory..China’s factory activity drops to a near two-year low in AprilChina’s manufacturing activity fell more than expected to a near two-year low, sliding into contractionary territory in April as the escalating trade war with the U.S. hurts bilateral trade. The official purchasing managers’ index came in at 49.0 in April on Wednesday, falling below the 50-level threshold, which determines expansion from contraction, for the first time since January.Amazon scraps idea to display tariff cost after Trump complains to BezosTrump personally called Amazon founder Jeff Bezos to complain about a report that the online retail giant was considering displaying U.S. tariff costs on its product listings, a source familiar with the matter told NBC News. Within hours of the call, Amazon publicly downplayed the scope of its plan — and then announced that it had been scrapped entirely.Australia’s first-quarter inflation holds at 4-year low Australia’s first-quarter inflation rose 2.4% compared to the same period last year, staying at a four-year low and higher than a Reuters poll’s expectations of a 2.3% climb. Data from the Australian Bureau of Statistics said the most significant price rises this quarter were in housing, education, as well as food and non-alcoholic beverages.[PRO] Critical economic reports Wednesday to show how close the U.S. is to recessionA high-stakes batch of economic reports due Wednesday is expected to show the economy already was wobbling, though inflation was easing, before President Donald Trump slapped high tariffs on U.S. trading partners in April.And finally...Samuel Corum | Bloomberg | Getty ImagesThe seal of the U.S. Federal Reserve Board of Governors near the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Jan. 12, 2025.Investors turn to emerging market debt after Trump tariffs hit U.S. TreasurysInvestors have been piling into emerging market bonds as Treasurys’ long-held reputation as a safe haven took a beating following U.S. President Donald Trump’s “reciprocal” tariffs.Emerging market local currency bond yields slid by 13 basis points between April 2 — when Trump announced the tariffs — and April 25, according to the most recent data provided by JPMorgan. In contrast, the benchmark 10-year Treasury yield rose by more than 7 basis points during the same period.Brandywine Global Investment Management’s portfolio manager Carol Lye added that that Mexico, Brazil and South Africa were some of the countries that could see more demand for their bonds.Read more

2025-04-30

Meharry Medical College acquires Sanitas clinics, expands footprint into Memphis

The Memphis metro clinics are located in Germantown and Whitehaven and in the Crosstown and Wolfchase areas.

2025-04-30

Vietnam celebrates 50 years since war’s end and focuses on peace

Vietnam is celebrating the end of the war with the United States and the formation of its modern nation 50 years ago with a military parade and a focus on a future of peace. Thousands camped overnight on the streets...

2025-04-30

TD Bank has seen a rash of executive departures. Is it the start of an asset cap exodus?

Some familiar with the banking industry believe competitors smell blood in the water and are already circling TD Bank's top talent.

2025-04-30

Enova: SMB Loan Demand and Performance Remains Normal

Enova originated $1.2B in small business loans in Q1, a 27% increase year-over-year. Despite noise in the media about economic disruptions, Enova CEO David Fisher said during the earnings call that “We are monitoring both demand and portfolio performance even more closely than normal and continue to see the level of demand we would expect [...]

2025-04-30

READY CAPITAL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Ready Capital Corporation - RC

NEW YORK and NEW ORLEANS, April 29, 2025 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 5, 2025 to file lead plaintiff applications in securities class action lawsuits against Ready Capital Corporation (the "Company") (NYSE:RC), if they purchased the Company's shares between August 8, 2024 and March 2, 2025, inclusive (the "Class Period"). These actions are pending in the United States District Court for the Southern District of New York.What You May DoIf you purchased shares of Ready Capital and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn ...Full story available on Benzinga.com

2025-04-30

Trump Admin Blocked Around $430 Billion In Federal Funds, Top Democrats Say

Trump Admin Blocked Around $430 Billion In Federal Funds, Top Democrats Say Authored by Jack Phillips via The Epoch Times (emphasis ours),Congressional Democrats said on April 29 that the Trump administration has blocked about $430 billion in federal funding and that they are chronicling how it is stopping the flow of funds.Sen. Patty Murray (D-Wash.) and Rep. Rosa DeLauro (D-Conn.), the top Democrats on the Senate and House appropriations committees, released a tracker on April 29 to “shine a light on President Trump’s vast, illegal funding freeze and how it is hurting people in every zip code in America.”“Instead of investing in the American people, President Trump is ignoring our laws and ripping resources away,” said Murray and DeLauro. They said the funding that was cut or frozen by the Trump administration had been approved by Congress.The powerful Appropriations committees in the House and the Senate, where Republicans have majority control of both chambers, draft the annual funding bills that Congress passes and sends to the president’s desk for his signature to become law.Since taking office in January, Trump has said that he wants to reduce fraud, waste, and abuse in the federal government while seeking to terminate various programs that don’t align with his administration’s priorities.The Elon Musk-led Department of Government Efficiency (DOGE) was created via an executive order in January by the president and is tasked with those efforts. According to its website, DOGE says it has saved an estimated $160 billion, or around $993 per taxpayer.The White House, which has not responded to the Democrats’ claims, did not immediately respond to an Epoch Times request for comment.In a news release on Tuesday, Democrats highlighted some programs that were slashed under the Trump administration, including $1 billion for HeadStart, which provides early childhood education, health, and nutrition services.They noted $12 million in canceled funding for the Fair Housing Initiatives Program that gives grants to nonprofits to “prevent housing discrimination.” They also cited nearly $1 billion for the Green and Resilient Retrofit program; $10 million for the Citizen and Integration Grant program; $80 million in grants and contracts to the Centers for Disease Control and Prevention, and more.The Trump administration is in court fighting to keep many of the administration’s cuts to federal agencies.“The people voted for major government reform, and that’s what the people are going to get,” said Musk, a senior presidential adviser and special government employee, in an appearance at the White House in February. “That’s what democracy is all about.”This past week, after Musk’s electric vehicle company Tesla posted lower-than-expected profits and revenue for the first quarter of 2025, Musk told investors on a call that his work with DOGE will drop significantly in the next month or so. In any case, as a special government employee, Musk can work only 130 days for the government before departing.Musk said he will continue to support the Trump administration and DOGE “to make sure that the waste and fraud that we stop does not come roaring back.”In a statement released by the White House, Trump said that DOGE is designed to bring “accountability and transparency to federal spending, ensuring taxpayer dollars are spent wisely and effectively,” which he said, “has already saved taxpayers billions of dollars.”The Associated Press contributed to this report. Tyler DurdenTue, 04/29/2025 - 22:35

2025-04-30

Jura Announces Filing of Year End 2024 Financial Statements, MD&A and Reserves Report

CALGARY, Alberta, April 29, 2025 (GLOBE NEWSWIRE) -- Jura Energy Corporation ("Jura" or the "Company") (TSXV:JEC) today announced the filing on SEDAR+ of its consolidated annual audited financial statements and management's discussion and analysis for the years ended December 31, 2024 and 2023, as well as National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities, Form 51-101F1 Statement of Reserves Data and Other Oil and Gas Information as of December 31, 2024 (the "2024 Reserves Report").As disclosed previously, Jura's subsidiaries are involved in ongoing arbitrations (the "PEL Arbitrations") with Petroleum Exploration (Private) Limited ("PEL"), the operator of the Badin IV North and Badin IV South blocks (together the "Badin Blocks"). Despite a recent award in favour of Jura's subsidiaries, PEL has continued to refuse to provide information regarding the Badin Blocks to Jura and its independent reserves evaluators, therefore, no current information regarding the Badin Blocks appears in Jura's 2024 Reserves Report. For more information, see the 2024 Reserves Report and, in particular, "Significant Factors or Uncertainties – Exclusion of Reserves" in the Reserves Report available on SEDAR+. Upon resolution of the PEL Arbitrations and regularized access to operating and production information for the Badin Blocks, Jura anticipates being able to provide an update on the remaining reserves for the Badin Blocks.About Jura Energy CorporationJura is an international energy ...Full story available on Benzinga.com

2025-04-29

Corporate Canada is waking up disappointed by Carney win. It shouldn't

Prime Minister Mark Carney has promised to do most of what the "Friends of Free Enterprise in Canada" called for in their endorsement of Pierre Poilievre, David Olive writes.

2025-04-29

DOVRE GROUP OYJ:N VARSINAISEN YHTIÖKOUKSEN PÄÄTÖKSET

Dovre Group Oyj Pörssitiedote 29.4.2025 klo 17.45

2025-04-29

"Nothing Is Getting Better" - Texas Services Sector Outlook Slumps, Prices Soar

"Nothing Is Getting Better" - Texas Services Sector Outlook Slumps, Prices Soar Following yesterday's slump in a survey of Texas Manufacturing firms, the Dallas Fed released their survey of Texas Services sector firms today, and it was just a big a shitshow.Perceptions of broader business conditions deteriorated further in April. The general business activity index dropped eight points to -19.4. In addition, outlooks worsened as the company outlook index retreated to a 34-month low of -15.5. The outlook uncertainty index jumped 13 points to 40.5 - its highest level since mid-2022. Respondents’ expectations regarding future business activity continued to weaken in April.Under the hood, we saw further stagflationary signals with revenue forecast plunging as prices soar...Tariffs were top of mind for many, just as with the Texas Manufacturing survey, as respondents broadly speaking reflected: "Nothing is getting better."[Our concerns are] tariffs, tariffs, tariffs.We have high levels of anxiety as a result of the fast-moving changes in government restructuring and tariff policies. Although we are hoping for the best end results, the overall business environment is very volatile.Our major concern is the effect of tariffs.[We are concerned about] tariff uncertainty and price increases, mostly related to products from China; plus, we are experiencing longer lead times for orders.Potential supply chain impacts of proposed tariffs are being evaluated industrywide.All of the uncertainty is slowing private business.Tariffs are bringing a high level of uncertainty to our business. It is hard to tell what will happen in one week, let alone six monthsThe on-again, off-again psychodrama in Washington with respect to tariffs is upsetting to almost the entirety of the business community. If the unprecedented tariffs continue, the commercial real estate and construction industries will slow to a halt soon.The current tariffs in effect will increase our cost of goods due to increased produce prices and certain imported proteins.The almost daily shifts on tariffs create havoc.People are acting almost in a panic about the economy.Tariffs [are a concern].We are highly concerned about a downturn in activity from a recession caused by the tariffs.[We are] devastated. We are a trucking company specializing in transporting international shipping containers, and there is no other word that captures what we are facing.We are becoming increasingly pessimistic.We are experiencing an unexpected decline in business activity. I see customers becoming more price sensitive and cutting back on general expenditures.And finally, 'chaos', 'erratic', and 'turmoil' at The White House summed up many people's perspectives:President Donald Trump has a very chaotic style of dealing with the economy.Erratic leadership style in Washington has led to high levels of uncertainty impacting decision making and spending.The insane chaos that is running the White House makes it impossible to plan anything.Daily instability in D.C. continues to create chaos.The randomness of our current president is causing paralysis.Uncertainty in the markets is a killer. Erratic behavior of leadership is even worse.We are devoting so much time to mitigating the chaos this administration is creating that we have little time left to run our business.Not a pretty picture... and remember, this is Texans.However, we did find one silver lining comment:I'm not too worried about the new tariffs. I think other countries will soon be negotiating with President Trump, and six months from now the national discussion will have moved on.Is there hope?"Consumers are on the fence. This will turn eventually." Tyler DurdenTue, 04/29/2025 - 10:45

2025-04-29

Trump set to ease tariff impact on U.S. automakers with executive order Tuesday

It was not immediately clear the full impact of the move on Canada's auto industry.

2025-04-29

20 banks and thrifts with the most assets

The top five banks and thrifts had combined assets of more than $13 trillion as of Dec. 31.

2025-04-29

DECISIONS OF THE ANNUAL GENERAL MEETING OF DOVRE GROUP PLC

Dovre Group Plc Stock Exchange Release April 29, 2025, at 5:45 pm

2025-04-29

New Research Shows eSports Betting Market Primed For Breakout Year

A new report from Eilers Research projects that the esports betting market is a huge potential growth industry, with estimates of...The post New Research Shows eSports Betting Market Primed For Breakout Year appeared first on EsportsBets.com.

2025-04-29

Club Cafe in Pittsburgh Set for a Comeback with Fresh Management and New Features

Pittsburgh's Club Cafe is set to reopen under new management, Keystone Artist Connect, promising fresh energy and an expanded artist lineup.

2025-04-29

Harley-Davidson Sets the Record Straight on H Partners' Disingenuous and Harmful Claims

Highlights the Highly Qualified Board's Strong Governance and Effective Oversight of the Hardwire Strategic Plan, which is Delivering ResultsDetails the Facts Regarding H Partners' Profound Disregard for Good Corporate Governance and Their Attempt to Disenfranchise ShareholdersUrges Shareholders to Vote "FOR ALL" Harley-Davidson Nominees using the WHITE Proxy CardPresentations and Other Information Available at VoteHarleyDavidson.comMILWAUKEE, April 29, 2025 /PRNewswire/ -- Harley-Davidson, Inc. (the "Company" or "Harley-Davidson") (NYSE:HOG) has released two presentations detailing Harley-Davidson's execution of its strategic plan as well as its fit-for-purpose Board of Directors' strong governance and effective oversight. The presentations expose the misleading campaign being run by H Partners, which Harley-Davidson believes is destructive to the interests of all shareholders. As Harley-Davidson shareholders submit their votes for the May 14, 2025 Annual Meeting, these are the critical facts to consider:Harley-Davidson's Board is acting in the best interests of all shareholders by:Overseeing management's execution of an ambitious strategic plan that is building on Harley-Davidson's legacy and that we believe is transforming the business in the face of an extremely challenging operating environment (especially for discretionary products in the leisure/powersports sectors) and delivering value for all stakeholders well above the Company's peers.Leading a rigorous and comprehensive CEO search process, as well as ongoing Board refreshment efforts, that demonstrate strong governance practices.H Partners is taking the opposite approach. Despite having had every opportunity to address issues that were important to them during their three years on the Harley-Davidson Board – during which time they fully supported the Company's leadership and strategy and always voted with the Board on decisions1 – H Partners has decided to:Abruptly launch a disruptive campaign that we believe profoundly disregards good corporate governance, offers no constructive solutions that will benefit Harley-Davidson or its shareholders, and is in our view designed to enable H Partners to appoint unelected and unnamed Directors – including an H Partners representative after their representative just resigned from the Board – depriving shareholders of their right to choose their own representatives.Spread misleading claims regarding everything from appropriate peer groups, to Harley-Davidson's CEO's performance, to their own track record of support for the Company's strategy and for Directors while on the Board.The Company urges shareholders to protect their investment by voting "FOR ALL" of Harley-Davidson's highly qualified Directors, and visit www.VoteHarleyDavidson.com to view the presentations, which detail the following key points:Harley-Davidson's rigorous and comprehensive CEO search process, as well as its ongoing Board refreshment efforts, reflect good governanceIn September 2024, after Mr. Zeitz expressed interest in retiring in 2025, the Board asked Mr. Zeitz to provide an update on his interest in pursuing retirement at the December Board meeting. Shortly after the September 2024 Board meeting, the Board commenced a CEO search process by hiring a CEO succession expert. In December 2024, after Mr. Zeitz reaffirmed his interest in retiring, the Board began engaging with an executive search firm and formed a CEO search committee comprised of four Board members, including H Partners executive Jared Dourdeville.Despite the CEO Search Committee's process not being complete, the Board accommodated H Partners' demand to make a decision on H Partners' preferred CEO candidate before a deadline imposed by the candidate as the candidate supposedly had other job offers. The Board took extraordinary measures to accommodate H Partners, accelerating the Board's interviews of select top candidates. After careful evaluation by the independent Directors, H Partners' candidate failed to earn majority Board support as the Board determined the candidate lacked the skills and qualities needed to uphold Harley-Davidson's rich heritage and drive value for all stakeholders.Despite the threat of other job offers for H Partners' preferred CEO candidate as a reason to accelerate the Board's decision deadline, H Partners now asserts that their candidate remains available. And yet, H Partners refuses to reveal their candidate's identity while they simultaneously revealed the confidential identity of one of the Company's other CEO candidates. The gold standard and typical outcome of a CEO search process is unanimous support from the Board. Harley-Davidson shareholders should not have to settle for a CEO candidate who fails to receive even bare majority support.Harley-Davidson's Board also engages in a robust and thoughtful self-evaluation and refreshment process, which we believe ensures the Board and each Committee operate effectively and hold management accountable.The Board regularly conducts anonymous evaluations of Directors' contributions, performance and collective skills – a process in which Mr. Dourdeville was a consistent participant. In the Fall 2024 process, all Directors participated and no Director expressed concern with the current composition or performance of the Board.The Nominating and Corporate Governance Committee has a robust framework and process for identifying, vetting and interviewing Director candidates, which has resulted in one-third of the Board joining in the last four years, including the addition of two highly qualified Directors with excellent experience as sitting CEOs at publicly traded companies (assuming the election of Lori Flees at the upcoming annual meeting).H Partners' campaign seeks shareholder support for unnamed Directors (including an H Partners representative after their representative just resigned from the Board) and an unnamed CEO candidate, none of whom will be voted on by the shareholders – demonstrating what we believe is a blatant disregard for good governance principles and the right of shareholders to choose their own representatives.The ...Full story available on Benzinga.com

2025-04-29

How to Become a Utility Trailer Dealer

JINING, China, April 29, 2025 /PRNewswire/ -- Becoming a utility trailer dealer offers a rewarding opportunity for entrepreneurs looking to serve local businesses and build steady income. Drawing from years of real-world experience, James Ge, founder of Rhinotrail, shares the essential...

2025-04-29

Global brands bring state-of-the-art vehicles to Auto Shanghai

SHANGHAI, April 29, 2025 /PRNewswire/ -- A news report from german.shanghai.gov.cn Leading global and domestic brands, including industrial giants Volkswagen and BYD, are showcasing their latest models at the ongoing Auto Shanghai event. Among the domestic brands participating in the...

2025-04-29

Oil and gas execs criticize 'chaos' and 'uncertainty' of Trump administration

One of the most important industries in Texas had high hopes for Trump 2.0, but an early survey shows many of them are unhappy about what they've seen so far.

2025-04-29

Big homebuilder McBride, major contractor sever ties, head to court on claims of breach of contract, fraud

Big homebuilder McBride and one of its key contractors have cut ties and are trading accusations in court of breach of contract and fraud.

2025-04-29

Newark Airport equipment malfunction, FAA air traffic controller shortage leads to major disruptions - ABC7 New York

Newark Airport equipment malfunction, FAA air traffic controller shortage leads to major disruptions ABC7 New YorkAir-Traffic Tech Outage Grounds Newark Flights, Diverts Thousands of Travelers WSJCheck flight delays and cancellations at Newark Liberty and other NYC area airports NBC New YorkEmergency landing; ground stop reported in separate incidents at Newark Airport Monday Bergen RecordFAA equipment outage grounds flights at Newark airport causing ripple-effect delays FOX Weather

2025-04-29

CleanTechnica Checks Out the EVs at the New York Auto Show

I logged 14,405 steps visiting the 2025 New York Auto Show at Jacob Javits Center in Manhattan while moving around all the car displays. I put a lot of attention on the EVs and hybrids, naturally. The 125th edition of this show provided a comprehensive look at the electric vehicle ... [continued]The post CleanTechnica Checks Out the EVs at the New York Auto Show appeared first on CleanTechnica.

2025-04-29

David Sacks Warns DOGE Will All Be For Nothing, Unless...

David Sacks Warns DOGE Will All Be For Nothing, Unless... AI & Crypto Czar David Sacks warns that Elon Musk’s efforts to expose waste and abuse at the Department of Government Efficiency (DOGE) may be futile unless Congress significantly reduces federal spending.“What we really need is for Congress to now embrace all of the corruption that Elon has found and eliminate it from the budget, because at the end of the day, in order to capture the savings here, we do need those appropriations eliminated from the budget,” Sacks said on the All-In podcast. .@DavidSacks: "What we really need is for Congress to now embrace all of the corruption that @elonmusk has found and eliminate it from the budget, because at the end of the day, in order to capture the savings here, we do need those appropriations eliminated from the budget." pic.twitter.com/BJbk4GSm0A— Josh Caplan (@joshdcaplan) April 26, 2025Sacks warned that the real danger isn’t Musk backing down, but Congress slipping back into its entrenched pattern of reckless spending.“These old bulls in Congress who control the appropriations process—are they going to basically backslide and just put the spending back in because it’s easier to engage in this logrolling, or do we take advantage of this?” he asked.Sacks emphasized the immense personal cost Musk has borne to reveal systemic corruption, citing the widespread protests targeting Tesla properties.“This has cost him enormously. One of the reasons why Tesla is down is because you've had crazy leftists engaging in terrorism, firebombing Tesla dealerships,” the Trump official said. “We’ve basically learned that this whole NGO thing is a giant scam where the people in government give enormous amounts of money to their friends, probably with the expectation that when they leave government, they're going to be next in line at the trough.”Since Musk took the helm at DOGE, Tesla has been under siege from a wave of protests and brazen acts of vandalism across the U.S. and beyond, with far-left activists resorting to arson, gunfire, and defacing dealerships, vehicles, and charging stations with hateful graffiti. The so-called "Tesla Takedown" movement has orchestrated demonstrations at hundreds of Tesla locations, pushing an anti-DOGE agenda to tank Musk’s company by calling for mass sell-offs of Tesla stock and boycotts of the brand.Sacks then stressed that while Musk has laid bare the government’s dysfunction, without decisive action from Congress to slash spending, his efforts risk being squandered.“Elon's done an enormous service exposing this. But it's not entirely up to him. In order for us to realize the benefit, we need Congress now to act on that. I’m afraid that’s not going to happen,” he warned.In March, President Donald Trump threw his support behind a rescission package to implement major spending cuts spearheaded by DOGE. “It would be great. I think we’re going to do that,” Trump told reporters.According to a memo from the Office of Management and Budget (OMB) obtained by the New York Post, the administration is pushing two proposals to slash $9.3 billion. “The first includes a rescission of $8.3 billion in wasteful foreign aid spending (out of $22 billion) that does not expire in Fiscal Year (FY) 2025. The second is a separate rescission of all Federal funding for the Corporation for Public Broadcasting (CPB) — which funds the politically biased public radio and public television system,” the Post said. Tyler DurdenMon, 04/28/2025 - 22:35

2025-04-29

Minivan crashes into Winkler Walmart - PembinaValleyOnline

Minivan crashes into Winkler Walmart PembinaValleyOnline

2025-04-29

CNBC Daily Open: U.S. consumers are starting to feel the pinch of Trump tariffs

Stocks globally inched up. HSBC announced a $3 billion share buyback. Deutsche Bank’s first-quarter profit jumped. China denied that it is in talks with the U.S. over a tariff deal, as Treasury Secretary Scott Bessent said “it’s up to China to de-escalate.” Chinese e-tailer Temu has started adding “import charges” in response to tariffs. IBM said it will invest $150 billion in the U.S. over the next five years. Canada Prime Minister Mark Carney’s Liberal Party is projected to win the country’s national election. Apple, Meta Platforms and Microsoft report earnings this week.Tariffs unleashed — and temporarily, almost capriciously, paused — by U.S. President Donald Trump have given governments across the world a headache as they figure out how to minimize disruptions to their economies. But the U.S. consumer, ironically, could be the real victim of tariffs.During the weekend, Temu, a Chinese e-tailer known for offering wallet-friendly items, hiked prices, citing “import charges.” Analysis by CNBC’s Gabrielle Fonrouge and Annie Palmer found that those fees can cost more than the items themselves and eventually double the price of a typical order.Something worse than price increases is when daily necessities are unavailable for purchase. Some U.S. stores could see empty shelves in a few weeks as the impact of tariffs on China begins filtering into the economy, according to asset management firm Apollo.It’s true that China exports far more to the U.S. than it imports from the country, as U.S. Treasury Secretary Scott Bessent pointed out. But the implication of that trade relationship is that the U.S. consumer has more to lose when China’s exports slow to a trickle.What you need to know todayStocks globally register mild risesU.S. stocks traded mixed Monday. The S&P 500 was up a marginal 0.06% and the Dow Jones Industrial Average rose 0.28%. The Nasdaq Composite, however, slipped 0.1%. Asia-Pacific markets mostly inched up Tuesday. South Korea’s Kospi index added roughly 0.4%. The country’s auto stocks rose on news that the Trump administration will reduce some import duties for automakers.European banks beat estimatesHSBC announced on Tuesday first-quarter results that beat expectations. Profit before tax of Europe’s largest lender soared nearly 317% from the previous quarter to $9.48 billion. HSBC also announced a $3 billion share buyback. Hong Kong-listed shares of HSBC rose 1.7%. The same day, Deutsche Bank posted a better-than-expected net profit of 1.775 billion euros ($2.019 billion) for its first quarter. The figure is 39% higher than the same period a year earlier and the bank’s “best quarterly profit for fourteen years,” said Deutsche Bank CEO Christian Sewing.China-U.S. trade war still simmeringChinese Foreign Ministry spokesman Guo Jiakun said at a press conference Monday that Beijing isn’t in talks with the U.S. over a tariff deal, and he isn’t aware of Chinese President Xi Jinping speaking with U.S. President Donald Trump, contrary to what the latter has claimed. Treasury Secretary Scott Bessent on Monday told CNBC that “it’s up to China to de-escalate, because they sell five times more to us than we sell to them.”Tariffs drive Temu to hikes pricesChinese e-tailer Temu has started adding “import charges” of about 145% in response to Trump tariffs. The fees, which apply to U.S. customers and kicked in the weekend after price hikes went into effect on Friday, could be higher than a product’s cost. “Items imported into the U.S. may be subject to import charges,” Temu wrote on its website. $150 billion investment by IBMIBM on Monday announced it will invest $150 billion in the U.S. over the next five years, including more than $30 billion to advance American manufacturing of its mainframe and quantum computers. Separately, Microsoft President Brad Smith wrote Monday that the U.S. “cannot afford to fall behind” China in the race to design and manufacture a working quantum computer.Canada’s Liberal Party projected to win electionCanada Prime Minister Mark Carney’s Liberal Party is projected to win the country’s national election, although it is too early to determine if the party will garner enough seats to form a majority government, according to the Canadian Broadcasting Corp. That means Carney will remain as prime minister of the country. The victory of the Liberals in the polls is due, in part, to Trump’s aggressive rhetoric toward Canada, which caused public sentiment of the Conservative Party to dip.[PRO] Earnings expectations this weekThe busiest week of the earnings season is here — more than 160 S&P 500 constituents are slated to report, including Apple, Meta Platforms and Microsoft. Investors will be looking for guidance on how tariffs could impact those companies’ bottom lines. Take a look at CNBC Pro’s breakdown of what’s expected from this week’s key reports.And finally...Spencer Platt | Getty Images News | Getty ImagesTraders work on the floor of the New York Stock Exchange on March 11, 2025.The worst (and best) stocks during Trump’s tough first 100 daysSome stocks have made major swings in the days since Trump returned to the White House.He has put U.S. investors on alert with market-moving plans such as tariffs and federal government spending cuts. The S&P 500 is slated to record its worst first 100 days of a presidency since Richard Nixon’s second tenure in the 1970s.Underneath the hood, some names are seeing outsized moves. CNBC screened the S&P 500 to see which stocks have performed the best and worst since Trump came back to the Oval Office in January.

2025-04-29

Canada’s new prime minister will have his work cut out for him. Here are the immediate challenges - Toronto Star

Canada’s new prime minister will have his work cut out for him. Here are the immediate challenges Toronto StarCanada’s election signals rejection of Trump-style policies: what’s next for the new PM? Invezz

2025-04-29

ENERGIZER HOLDINGS, INC. DECLARES QUARTERLY DIVIDEND ON ITS COMMON STOCK

ST. LOUIS, April 28, 2025 /PRNewswire/ -- Energizer Holdings, Inc. (NYSE: ENR) announced that its Board of Directors declared a dividend on its common stock of $0.30 per share. The dividend will be payable on June 11, 2025 to shareholders...

2025-04-29

Developers to see permit fees rise in Dallas this summer

The Dallas City Council will raise commercial remodel permitting fees for large developments starting July 1.

2025-04-29

Canada Rebukes Trump & Tariffs With Big Election Win For PM Carney & Once Flailing Liberals

In a near unprecedented political comeback and a very clear elbows up to Donald Trump and his tariffs, Canada’s ruling Liberals will continue to reign following tonight’s Great North election results. While the incumbents were once presumed heading for a huge defeat when Justin Trudeau was Prime Minister, the now Mark Carney-led Liberals secured a [...]

2025-04-28

CPS Technologies Corp. Conference Call Notification

NORTON, Mass., April 28, 2025 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (Nasdaq:CPSH) today released instructions for its first quarter 2025 investor conference call which will be held on Thursday May 1, 2025 at 9:00 A.M. (Eastern). Brian Mackey, President and CEO and Chuck Griffith, Chief Financial Officer will discuss the Company’s financial results for the quarter ended March 29, 2025.