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Trump launches memecoin that quickly crosses $10 billion market cap

President-elect Trump launched his own $TRUMP memecoin on Friday and it quickly exploded past $10 billion

TheStreet 1 hour ago

Bitcoin Push Pits SNB’s Orthodoxy Against Swiss Crypto Crowd

(Bloomberg) -- Switzerland is set for some self-reflection on its relationship with money, if the country’s Bitcoin evangelists get their way. Most Read from BloombergNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesThese Homes Withstood the LA Fires. Architects Explain WhyScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunIn a City of Sprawl, Wildfire Evacuation Is Getting HarderWill Americans Ever Lose Their Taste for Telework?Amid intensified global interest in the cr

Ex-Archegos CFO, US Agree He Should Get Eight Years in Prison

(Bloomberg) -- Archegos Capital Management’s Patrick Halligan and federal prosecutors have agreed he should be sentenced to eight years in prison for his role in the 2021 collapse of the $36 billion hedge fund, according to a court filing by his lawyer.Most Read from BloombergNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesThese Homes Withstood the LA Fires. Architects Explain WhyScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunIn a City of Sprawl, Wildfire Evacuation

EV startup Canoo files for bankruptcy, to cease operations

Canoo said on Friday it would file for Chapter 7 bankruptcy and cease operations, effective immediately. The EV startup has been dealing with rapid cash burn and has struggled to raise additional funding amid uncertain demand for its microbus-inspired cargo vans.

Gensler’s Gray Area: Will Trump Bring Clarity to Crypto?

Starbucks plans to announce corporate layoffs by early March

Three key announcements came from Starbucks this week as a major transformation is underway.

Elon Musk's trillion-dollar efficiency commission has Trump's support, but needs Congress' help

Many budget hawks have tried and failed to streamline the government and reduce gigantic annual deficits. Musk's efficiency commission will only succeed if forces a reluctant Congress to finally act.

'It's going to hurt': Real estate expert discusses how Trump's deportation plans could affect housing

In a recent episode of Financial Freestyle, Matt Garland (aka the Mortgage Guy) explained how a mass deportation policy could upend construction and homebuilders.

America's green energy boom will survive — and maybe even thrive — under Trump 2.0

The green energy transition is booming, even if government assistance dries up.

Tesla stock jumps amid speculation Musk could buy TikTok

Tesla stock jumped amid speculation that CEO Elon Musk could potentially buy TikTok.

Retail CEOs wrestle with potential rising costs as new Trump tariffs loom

Retailers are trying to figure tariffs out. It's not easy.

Donald Trump loves to use the stock market as a scoreboard. Interest rates will be the judge of that.

High interest rates have been weighing on the stock market rally, and there may be little Donald Trump can do to remedy that issue.

GM facing safety probe into 870,000 SUVs and pickups. How bad is it?

GM is potentially facing a large warranty issue as the National Highway Traffic Safety Administration (NHTSA) opened a preliminary investigation into engine failure affecting 877,710 GM SUVs and trucks.

Trump will try to extend his 2017 tax cuts this year. When — and how — that happens is up in the air.

Washington expects a deal to extend Donald Trump's 2017 tax cuts. The question is how quickly it happens.

Trump says TikTok ban 'ultimately goes up to me.' Any leniency could alienate some of his closest allies.

TikTok's fate in the US is now formally set to be an early test of the incoming Trump administration after a rapid series of events Friday confirmed that the issue would be a top one for Trump's early days in office.

China’s Record Capital-Account Outflows Pile Pressure on Yuan

(Bloomberg) -- As if the yuan wasn’t already under pressure from the weak Chinese economy, a surging dollar and the prospect of higher US tariffs, the currency faces an additional downdraft: a flood of money looking to invest overseas.Most Read from BloombergNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesThese Homes Withstood the LA Fires. Architects Explain WhyScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunIn a City of Sprawl, Wildfire Evacuation Is Getting Harder

US FTC finalizes consent order for $53 billion Chevron-Hess merger

The U.S. Federal Trade Commision (FTC) said on Friday it had approved a consent order to resolve antitrust issues concerning Chevron's $53 billion takeover of Hess. According to the order, John Hess, CEO of the oil and gas producer, will be barred from joining the combined company's board over allegations that he communicated with oil producers' group OPEC during its efforts to curtail production. Though the proposed takeover has cleared the FTC's antitrust review, one last hurdle remains - Exxon Mobil's challenge to the deal.

Wintry Blast to Unleash Snow, Test Grids From Midwest to NYC

(Bloomberg) -- An extended run of bone-chilling cold is poised to send demand for power and natural gas surging across much of the US this weekend, with snow expected in the Northeast by Sunday and a chance of snow or sleet along the Gulf Coast early next week. Most Read from BloombergNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesThese Homes Withstood the LA Fires. Architects Explain WhyScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunIn a City of Sprawl, Wildfire E

Biden vs. Trump: Who Had the Better Stock Market?

The S&P 500 Gained More Than 50% During Biden's Presidency

United Airlines donates $1 million to Trump inaugural fund

United Airlines said on Friday it is donating $1 million to President-elect Donald Trump's inaugural committee and said CEO Scott Kirby plans to attend various events over the long holiday weekend. Kirby will attend dinners on Saturday and Sunday but not the actual inauguration itself that was moved inside due to extreme cold forecasted. Other major companies donating $1 million to the Trump inaugural fund include Delta Air Lines, Hyundai Motor U.S. unit, Chrysler-parent Stellantis, Boeing, General Motors, Ford Motor, Microsoft, Amazon.com, Alphabet and Facebook-parent Meta.

Kimberly-Clark Tissue Business Draws Interest From RGE, Suzano, APP

(Bloomberg) -- Kimberly-Clark Corp.’s potential sale of its international tissue business has attracted interest from companies including Royal Golden Eagle Pte, Brazil’s Suzano SA and Asia Pulp & Paper Co., according to people familiar with the situation.Most Read from BloombergNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesThese Homes Withstood the LA Fires. Architects Explain WhyScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunIn a City of Sprawl, Wildfire Evacuat