GENEVA — A blue diamond weighing nearly 10 carats has sold at auction in Switzerland for 20.5 million Swiss francs ($26.6 million) including fees. The pear-shaped 9.51-carat “Mellon Blue” — named for the late American arts patron Rachel “Bunny” Mellon — had been expected to fetch $20-$30 million at the Christie’s auction on Tuesday. The…
A proposal for a 50-year mortgage wasn’t fully vetted by top Trump administration officials and wasn’t ready to be made public, sources told CBS News. Over the weekend, top federal housing official Bill Pulte floated the idea with President Trump, who then approved a Truth Social post. Some Trump officials this week vented their frustration…
Summary Company Announcement Date: November 11, 2025 FDA Publish Date: November 11, 2025 Product Type: Food & Beverages Foodborne Illness Reason for Announcement: Recall Reason Description Potential Foodborne Illness – Clostridium botulinum Company Name: ByHeart Inc. Brand Name: Brand Name(s) Product Description: Product Description Whole Nutrition Infant formula 24 oz cans and 0.6oz packets Company…
President Trump’s Fox News interviewers are sometimes so promotional and deferential that little gets challenged, and almost no news is ever made. However, Laura Ingraham was more strategic than that. On Monday, she sat down with Trump and scrutinized several of his policy proposals, channeling dissension within the pro-Trump ranks — and seemingly catching the…
ByHeart, a manufacturer of organic baby formula, recalled all of its products sold nationwide Tuesday, days after some batches were recalled in an expanding outbreak of infant botulism. At least 15 babies in 12 states have been sickened in the outbreak since August, with more cases pending, according to state and federal health officials. All…
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Emer MoreauBusiness reporter Shutterstock Vinted users have been reacting angrily after an update resulted in items being listed as the wrong size. The second-hand shopping app has revised its sizing categories for women’s and children’s clothes but did not contact all users about the change. Many shoppers and sellers have taken to social media saying…
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Did Tesla just make Musk the world’s first trillionaire? Almost certainly not. But that’s not what his colossal new deal is really about. No, Elon Musk is not getting a trillion dollars from Tesla. It’s not happening. Not a real thing. I’m sorry. I know you’ve seen a lot of news suggesting his new pay…
As Americans observe Veterans Day 2025 on Tuesday, restaurants and service chains across the United States are rolling out free meals, discounts, and special offers to honour veterans and active-duty personnel. From Texas Roadhouse Veterans Day deal 2025 to offers at Wendy’s, McDonald’s, IHOP, Dunkin’, and Starbucks, a wide array of establishments are extending gratitude…
Two of the world’s biggest data center developers have projects in Nvidia Corp.’s hometown that may sit empty for years because the local utility isn’t ready to supply electricity. In Santa Clara, California, where the world’s biggest supplier of artificial-intelligence chips is based, Digital Realty Trust Inc. applied in 2019 to build a data center. Roughly six years later, the development…
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Michael Burry attends the New York premiere of “The Big Short” at the Ziegfeld Theater in New York City on Nov. 23, 2015. Jim Spellman | WireImage | Getty Images Michael Burry, the investor made famous by “The Big Short” who recently roiled the market with a tech short bet, is accusing some of America’s…
‘Don’t Rush In Before Robotaxi Data Arrives,’ Says Jed Dorsheimer on Tesla Stock – TipRanks.com Advertisement Much has been made of Tesla (NASDAQ:TSLA) CEO Elon Musk’s potential $1 trillion compensation package, but one market watcher doesn’t understand what all the fuss is about. Meet Your ETF AI Analyst William Blair’s Jed Dorsheimer, an analyst who…
NEW YORK (AP) — Big Tech and other superstars of the U.S. stock market got back to rallying on Monday, and Wall Street recovered most of its loss from last week. The S&P 500 climbed 1.5% and clawed back nearly all its drop from last week, which was its first weekly loss in four. The…
CoreWeave reported third-quarter 2025 earnings, posting US$1.36 billion in sales and a net loss of US$110.12 million, alongside announcements of major new commercial agreements with CrowdStrike and VAST Data to strengthen its AI cloud capabilities. These developments highlight CoreWeave’s rapid progress in broadening its partnerships and solidifying its position in the expanding AI infrastructure market….
WASHINGTON (AP) — The longest federal government shutdown in U.S. history appears to be nearing an end, but not without leaving a mark on an already-struggling economy. About 1.25 million federal workers haven’t been paid since Oct. 1. Thousands of flights have been canceled, a trend that is expected to continue this week even as…
Warren Buffett—long known as one of the world’s most successful investors and committed philanthropists—is rethinking how his fortune will be spent. Though he no longer holds the title of world’s richest man, Buffett’s net worth sits around $150 billion, according to Bloomberg’s Billionaires Index. And at 95, he’s acknowledging that some of his earlier ambitions…
Legendary investor and Berkshire Hathaway CEO Warren Buffett will retire at year’s end after an epic 60 years in leadership. In a letter published Monday, Buffett said he’ll be “going quiet,” and will no longer write Berkshire’s annual report, nor talk “endlessly” at the annual meeting. But before he leaves, he recounted his life and…
As the everyday use of AI has exploded in recent years, so have the energy demands of the computing infrastructure that supports it. But the environmental toll of these large data centers, which suck up gigawatts of power and require vast amounts of water for cooling, has been too diffuse and difficult to quantify. Now,…
Kevin Hassett, director of the National Economic Council, took questions outside the White House on Monday, where CNN’s Kaitlan Collins asked him about the rising costs Americans continue to face. “Inflation is way down,” Hassett replied, repeating a familiar bit of Trump misinformation. “Grocery prices are up,” Collins noted. “Well, not everything. I mean, egg…
CoreWeave needed a lot of things to go right on Monday as it released third-quarter financial results, and one of the most critical was showing that its contracted future revenues could hit a $50 billion target Wall Street had set as a benchmark for the AI data-center and infrastructure operator. In its announcement, CoreWeave confirmed…
Tech companies have invested so much money in building data centers in recent months, it’s actively driving the US economy—and the AI race is showing no signs of slowing down. Meta chief Mark Zuckerberg told President Donald Trump last week that the company would spend $600 billion on US infrastructure—including data centers—by 2028, while OpenAI…
TITUSVILLE, Fla. — A Brevard County community is mourning an 18-year-old student who died on a Carnival Cruise ship over the weekend. Anna Kepner, a senior at Temple Christian School in Titusville, was traveling on a cruise from Miami to the Caribbean when she died. The circumstances surrounding her death have not been disclosed. Kepner’s…
President Donald Trump went on a lying spree about inflation last week. Grocery prices. Gas prices. Prescription drug prices. Overall prices. Over just three days, Trump made false claims about all of them. Trump was discussing the issue of “affordability” after Democrats won state and local elections Tuesday in part by campaigning on the cost…
Warren Buffett, the billionaire investor who turned an aging textile mill into a more than $1 trillion conglomerate, said he’s “going quiet,” marking the end of an era for one of the business world’s most-watched investing gurus. In a letter disclosing that he’s donating more than $1.3 billion to four family foundations, the 95-year-old investor,…
Suranjana TewariAsia Business Correspondent Reuters In late September, the Dutch government invoked a Cold War-era emergency law to take control of a Chinese-owned chip company that has operations in the country. The extraordinary move set off a chain of events that sent shock waves through the global motor industry – already battered by US tariffs…
People often think about tech bubbles in apocalyptic terms, but it doesn’t have to be as serious as all that. In economic terms, a bubble is a bet that turned out to be too big, leaving you with more supply than demand. The upshot: It’s not all or nothing, and even good bets can turn…
Soybean farmers, caught in the middle of a trade war between the world’s two biggest superpowers, are starting to feel the consequences as China uses its crop purchasing power as political leverage. As China’s economy has improved, the country has sought out more growth-boosting, high-protein soybean to feed its growing number of livestock such as…
Paramount‘s third-quarter revenue fell shy of Wall Street analysts’ consensus forecast, but the company issued rosy 2026 projections and upped its target for cost savings from the Skydance merger. Revenue for the period from July to September totaled $6.7 billion, flat on a pro forma basis, while analysts were expecting $7 billion. The current management…
Wendy’s plans to close hundreds U.S. restaurants over the next few months in an effort to boost its profit and make its remaining stores more appealing. The Dublin, Ohio-based chain said during a conference call with investors Friday that it planned to begin closing restaurants in the fourth quarter of this year. The company said…
Traders work on the floor of the New York Stock Exchange (NYSE) on Oct. 13, 2025, in New York City. Spencer Platt | Getty Images The Dow Jones Industrial Average rallied to a fresh closing record Tuesday, while the Nasdaq Composite struggled as investors moved money away from technology stocks into other parts of the…
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