Author: Admin

Check out the companies making headlines before the bell: Under Armour — The sportswear company slid 14% after posting a loss of 3 cents on revenue of $1.17 billion. Analysts polled by LSEG were anticipating a loss of 2 cents on revenue of $1.68 billion. GameStop , eBay — Shares of GameStop dropped more than 4% after online retailer eBay turned down a $56 billion takeover bid Tuesday from the electronics retailer over doubts over the financing of the deal. Shares of Ebay were slightly lower. On Holding — The running shoes maker fell 5% in the premarket even after…

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U.S. President Donald Trump (L) listens as Nvidia CEO Jensen Huang speaks in the Cross Hall of the White House during an event on “Investing in America” on April 30, 2025 in Washington, DC.Andrew Harnik | Getty ImagesBEIJING — Nvidia CEO Jensen Huang said it would be “a great honor” to travel to China with Donald Trump. But he isn’t among the executives joining the U.S. president to meet Chinese President Xi Jinping — a sign the chipmaker’s sales in one of its most important markets are unlikely to recover soon.Huang has visited China multiple times in the last 18…

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A-Cube, an innovative technology partner specializing in automated digital tax compliance, has successfully secured a €4million investment round. The funding round was led by P101 SGR, a prominent Italian venture capital firm with an international focus, which will also provide strategic operational support as the startup embarks on its next phase of development. Sella Direct Ventures, an investor specializing in fintech and financial services technologies, also participated in the round and intends to leverage its global network to further accelerate A-Cube’s scale-up efforts. This new capital injection is designed to consolidate A-Cube’s footprint across key European markets while accelerating the…

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Check out what’s clicking on FoxBusiness.com. Spring & Mulberry is expanding its recall of select chocolate bars to include all 12 of its product lines over concerns of possible salmonella contamination, according to federal regulators. The Friday announcement marks the second widening of the recall affecting the North Carolina-based company, a brand known for sweetening its chocolate bars exclusively with dates.The U.S. Food and Drug Administration said the move follows an investigation that identified a batch of dates as the likely source of the contamination. “The investigation has now identified a single lot of date ingredient used in the production…

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Case for euro stablecoins ‘weaker than it appears’, says Lagarde – Central Banking Skip to main content End of drawer navigation content ECB president says settlement in tokenised markets must be anchored in central bank money Christine Lagarde Christine Lagarde has come out against euro-denominated stablecoins, arguing that settlement in tokenised financial markets must be anchored in central bank money. In a speech on May 8 at the Bank of Spain’s LatAm Economic Forum, the European Central Bank president said stablecoins were reshaping monetary demand and transforming settlement infrastructure through the use of distributed ledger technology (DLT). The case for promoting euro-denominated stablecoins…

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By Jeff Horwitz May 11 (Reuters) – California’s Santa Clara County has sued Meta Platforms, alleging it has profited from Facebook and Instagram ads promoting scams in violation of California’s false advertising and unfair business ‌practices laws. The lawsuit – filed Monday in Santa Clara County Superior Court on behalf of all California residents – ‌accuses the social media giant of tolerating fraudulent advertising on a global basis. The suit seeks restitution, civil damages and an order prohibiting ​Meta from engaging in unfair business practices. Citing leaked internal documents first reported by Reuters last year, the complaint alleges that the…

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