Page 145 - Bloomberg

Trump's plan to ditch the penny comes with a twist, it may not save much

The penny, a staple of US currency since since 1793, costs more than 3 cents to make, costing the government a net loss of $85 million, per the US Mint's 2024 annual report

Meta starts eliminating jobs in shift to find AI talent to dominate race

Meta workers who were let go were notified via email, and the company is offering US-based employees severance packages that include 16 weeks of salary, in addition two weeks for each year of service

Morgan Stanley sets $3 billion X loan to tap into Elon Musk mania

The sales mark a surprising turnaround for what had initially been seen as an ill-fated financing of Musk's 2022 takeover of Twitter Inc., as the site was then called

SoftBank chief Son explores debt-heavy financing for $500 billion AI push

The Japanese billionaire is looking at a technique called project financing that is sometimes linked with oil and gas projects, according to people familiar with the matter

Australian PM Albanese gets Prez Trump to consider exemption on tariffs

Albanese, who must hold an election by May 17, has been under intense pressure from local lawmakers and executives to secure tariff exemptions for Australia's steel and aluminum exports to the US

Two private jets crash at Arizona airport; 1 dead, several others injured

Scottsdale Fire Captain Dave Folio told reporters that at least five people were involved in the crash. Two were transported to hospital trauma centers, while another remains in stable condition

Donald Trump says Palestinians won't have right of return in Gaza plan

Trump's Gaza plans are expected to be among the topics when Jordan's King Abdullah II holds a scheduled meeting with him in Washington on Tuesday

LNG buyers including IOC negotiate US deals ahead of PM Modi-Trump summit

India's buyers will hold meetings with suppliers over the next few days, during the India Energy Week conference in Delhi

Goldman Sachs sees Trump immigration moves shaving US economic growth

The analysts see net immigration to the US plummeting to 750,000 a year, shaving 30-40 basis points (0.3-0.4 percentage points) off potential gross domestic product growth this year

Indian stock market braces for over $4 billion of expiring IPO lockups

Lockups on FirstCry operator BrainBees Solutions Ltd., Ceigall India Ltd., Ola Electric Mobility Ltd. and Unicommerce eSolutions Ltd. end today

Trump plans to announce 25% tariffs on steel, aluminum imports today

The president also said he would announce reciprocal tariffs this week on countries that tax US imports

DeepSeek sparks hope for renaissance in China's technology megacaps

Market watchers are increasingly touting how the AI model will be a game changer for Chinese tech companies and their stocks

Honda, Nissan results likely to highlight flaws as deal set to fail

A deal would have created one of the world's biggest carmakers, giving the combined company the scale it needs to compete with EV makers

Trump suggests Musk's DOGE found irregularities in effort at Treasury

Musk's DOGE has sought access to Treasury Department payments data, but Musk's statements on social media have largely concerned payments to contractors and grant recipients, not bondholders

Don't use TikTok personally, not interested in buying its US biz, says Musk

He made the comments - his first on the topic of him buying TikTok - at a conference in Germany hosted by Mathias Doepfner

PlayStation network outage affects thousands of gamers, Sony informs on 'X'

Downdetector data showed users of popular titles such as Call of Duty and Fortnite began reporting outages since Friday. At one stage the number of PlayStation incident reports reached over 14,000

PM Modi's agenda during US visit to focus on trade, defence, meeting Musk

India's Ministry of External Affairs and Ministry of Commerce and Industry didn't immediately respond to emails requesting further information

Govt counts on tax, interest rate cut to revive economy; investors cautious

The decision by India's central bank on Friday to reduce its key rate for the first time in five years comes less than a week after Modi's government unveiled historic tax cuts in its federal budget

Here's why Donald Trump wants Canada's wealth of critical minerals

Canada is rich in nearly three dozen critical minerals essential to modern technology and produces more than 60 minerals and metals including nickel, potash, aluminum and uranium

Here's how to enable Apple's iCloud encryption at heart of UK privacy fight

The mechanism, called Advanced Data Protection, upgrades the standard security used for most iCloud features