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Stellantis takes massive $26B hit after moving away from EVs18:05 Stellantis shares plunged after announcing a massive writedown, raising questions about whether EV struggles stem from market issues or vehicle appeal. SEC chairman warns of China-linked ramp-and-dump activity17:33 SEC halts trading in suspected ramp-and-dump stocks with potential China links as Chairman Paul Atkins launches crackdown to protect U.S. investors. California's 'billionaire tax' will be 'disastrous' and cause wealthy to flee, economist predicts12:10 An economic expert is warning that California s billionaire tax proposal could devastate the economy and lead to an exodus of high-income earners. US, Argentina strike sweeping trade deal cutting tariffs, opening markets to US exports4:03 Argentina and U.S. sign trade agreement cutting tariffs on American exports including medicines, machinery and agricultural goods in new partnership. President launches TrumpRx.gov website offering Americans discounted prescription drug prices: ‘Historic’4:03 President Donald Trump unveils TrumpRx.gov with 16 pharmaceutical companies slashing prescription drug prices, including Wegovy, dropping from $1,300 to $199 monthly. Fanatics Sportsbook sees major spike in downloads from Kendall Jenner's viral Super Bowl ad campaign2:28 Kendall Jenner s viral Fanatics Sportsbook Super Bowl ad invoking the "Kardashian Kurse" exceeded expectations, driving massive downloads and engagement, CEO Matt King says. Fans bemoan 'childhood memories' as beloved juice brand ends 80-year run0:21 Minute Maid will soon discontinue frozen juice concentrates, sparking nostalgic reactions from fans who grew up with the 80-year-old products. Homebuyers gain upper hand in 3 major cities as inventories grow23:49 Housing inventory surges in major American metro areas as buyers gain more choices. Seattle leads with 32.4% increase in homes for sale. Mortgage rates tick higher but remain near 6%23:49 The average rate on a 30-year fixed mortgage rose this week to 6.11%, according to the latest Freddie Mac data released on Thursday. That is up from last week s reading of 6.10%. Citi to match federal government's $1K Trump Account contributions for employees' children23:49 Citi announced it will match the federal government s $1,000 deposits to Trump Accounts for children born to U.S. workers between January 2025 and December 2028. DEI disclosure participation plummets among major companies as corporate pullback continues23:17 A major shift is occurring in corporate America, as two-thirds fewer Fortune 500 companies submitted diversity policies, signaling a retreat from public DEI commitments. Google plans to spend big as AI race with rivals intensifies21:09 Google said returns from its AI push are strengthening growth in search, cloud and enterprise products, as Alphabet signals a major increase in AI-related capital spending. Trump to unveil TrumpRx website where Americans can purchase prescription drugs20:38 President Donald Trump is set to unveil a government website on Thursday that will help Americans buy prescription drugs at lower costs. January layoffs rose to the highest level for the month since 200918:30 Major employers including UPS and Amazon announced significant job cuts in January, with transportation and tech sectors leading the nationwide layoffs surge. Betting company Polymarket opens NYC's first free grocery store in downtown Manhattan18:30 Polymarket will open Manhattan s first free grocery store from February 12 to 16, offering everything from produce to Oreos at no cost in a bold marketing move. |
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