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• Bill Gates-linked $23.4 million Florida mansion goes up for sale

  12-04-2025 15:10 via foxbusiness.com
  
  A mansion that reportedly has a past connection to Microsoft cofounder Bill Gates has gone up for sale in South Florida.The seller is seeking a whopping $23.5 million for the nearly 9,500-square-foot waterfront home on Florida’s Jupiter Island, its listing held by Susan Hemmes of ONE Sotheby’s International Realty showed.Inside the massive U-shaped home, there are a total of four bedrooms and seven full bathrooms.Its "expansive" master suite comes replete with "separate master bathro
  
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• Air Canada ordered to pay passengers $10M in damages after class action over ticket prices

  23-04-2025 20:17 via cbc.ca
  
  The Quebec Court of Appeal is ordering Air Canada to pay passengers more than $10 million in damages in a class-action lawsuit that alleged they were charged higher amounts than the ticket price advertised.
  
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• TGI Fridays' US footprint has shrunk to 85 restaurants across the country

  23-04-2025 19:33 via foxbusiness.com
  
  TGI Fridays’ footprint in the U.S. has been significantly diminished. The chain’s website listed 85 restaurants across the country, less than a third of the number that operated in the U.S. at the start of 2024, when there were some 270, CNN reported Tuesday. In November, as TGI Fridays Inc. entered Chapter 11 bankruptcy proceedings, over 160 were scattered across America, according to the outlet. There have been closures and sales of TGI Fridays restaurants since then
  
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• Trump takes Powell off the chopping block: Why it matters to markets

  23-04-2025 19:00 via foxbusiness.com
  
  President Donald Trump, after days of trolling Federal Reserve Chairman Jerome Powell for missing the window to cut interest rates and signaling he may lose his job, clarified his plan for the head of the U.S. central bank on Tuesday. "I have no intention of firing him," he told reporters at the White House.His remarks gave the U.S. stock market – which had seen steep downswings on the potential removal of Powell – a boost on Wednesday. Experts say it may not be possible for Tru
  
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• AT&T leans on bundled plans to beat estimates for subscriber additions

  23-04-2025 18:01 via foxbusiness.com
  
  AT&T beat Wall Street estimates for wireless subscriber additions in the first quarter on Wednesday, driven by steady demand for its plans that bundled high-speed fiber services and 5G mobile offerings.The U.S. wireless carrier's focus on bundling to fend off intense competition in a saturating market and aggressive trade-in offers helped it gain 324,000 net monthly bill-paying wireless phone subscribers.That compared with FactSet estimates of 258,300 additions for the quarter.After flagging
  
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• Trump hints at cutting China tariffs ‘substantially’ from 145%

  23-04-2025 17:35 via foxbusiness.com
  
  President Donald Trump said on Tuesday that the hefty tax rate of 145% Americans must currently pay for Chinese imports will likely be reduced significantly. While Trump said the rate "won’t be zero," he expressed optimism over a potential trade deal with Chinese President Xi Jinping."One hundred forty-five percent is very high, and it won’t be that high," Trump said to reporters in the Oval Office. "It will come down substantially, but it won’t be zero."White House spokes
  
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• Treasury Secretary Bessent says there's an opportunity for a 'big deal' with China

  23-04-2025 17:00 via foxbusiness.com
  
  Treasury Secretary Scott Bessent on Wednesday said that there's an opportunity for a "big deal" with China to lower tariffs if Beijing is willing to take steps to rebalance its economy.Bessent delivered keynote remarks at the Institute of International Finance (IIF) and participated in a question-and-answer session in which he said the U.S. and China could make a deal on tariffs if China is willing to adjust its economy toward more consumption and less of a reliance on manufacturing exports."The
  
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• US Court of International Trade sides with Trump in tariff case

  23-04-2025 16:39 via foxbusiness.com
  
  In a win for the Trump administration, the U.S. Court of International Trade rejected a request from a group of small businesses to immediately halt President Donald Trump's sweeping tariffs from taking force.Judges on the three-member panel for the U.S. Court of International Trade (CIT) ruled that the plaintiffs failed to show a likelihood that they would suffer "immediate and irreparable harm" as a result of the tariffs – the standard courts require to grant a temporary restraining orde
  
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• Kevin O'Leary claims three-ingredient 'witches' brew' holds the secret to jumpstarting market growth

  23-04-2025 16:06 via foxbusiness.com
  
  Kevin O'Leary says a three-part "witches' brew" is just what markets need to break through volatility – and it all starts with a meaningful trade deal.Speaking on "Mornings with Maria," the O'Leary Ventures chairman said the White House is moving in the right direction by reviewing multiple trade proposals, but warned that things could remain shaky unless an actual deal is signed. "We need more than just the job-owning 18-paper deals. We need to sign one. India would be good," he told
  
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• Montreal-based retailer Frank and Oak to close all stores, sell intellectual property

  23-04-2025 15:35 via cbc.ca
  
  Clothing retailer Frank and Oak is closing all 14 of its stores in the coming weeks and selling its intellectual property to a Montreal-based company as part of ongoing restructuring efforts.
  
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• EU fines Apple 500M euros, Meta 200M euros for breaking competition rules

  23-04-2025 15:30 via cbc.ca
  
  The companies were fined in separate cases as the European Union steps up enforcement of its Digital Markets Act, a sweeping rulebook that amounts to a set of do's and don'ts designed to prevent Big Tech "gatekeepers" from cornering digital markets.
  
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• Bilt Rewards launches new program to help with student debt

  23-04-2025 15:07 via foxbusiness.com
  
  Bilt, a loyalty program designed to help members utilize their largest expenses for rewards points and build a path toward homeownership, is now tackling student debt.On Wednesday, Bilt launched two new initiatives that would assist with two of the most significant financial burdens facing students: loans and college housing.Bilt members will now be able to redeem the points they have earned on student loans serviced by Nelnet, MOHELA, Sallie Mae, Aidvantage and Navient, though additional servic
  
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• Tesla investors react positively to Musk pledge to step back from U.S. government role

  23-04-2025 13:30 via cbc.ca
  
  Tesla shares surged about five per cent in premarket trading on Wednesday after Elon Musk said he would spend less time working for the U.S. administration, kindling hopes that the billionaire CEO would devote more time to the struggling EV maker's brand and sales.
  
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• U.S. auto industry warns new auto parts tariffs will hike prices, cut sales

  23-04-2025 13:29 via cbc.ca
  
  A coalition of U.S. auto industry groups on Tuesday urged President Donald Trump not to impose 25 per cent tariffs on imported auto parts, warning they would cut vehicle sales and raise prices.
  
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• Trump's tariffs could drive up auto repair costs, experts say

  23-04-2025 13:00 via foxbusiness.com
  
  President Donald Trump's tariffs on the auto industry aren't just expected to push car prices higher. These levies could also drive up the cost of repairs, too, according to industry experts. Ever since Trump imposed a 25% tariff in April on all imported passenger vehicles, car experts have been concerned that the cost of new vehicles across the industry would take a massive hit. The National Automobile Dealers Association issued concerns this year, saying that "matching customers with vehi
  
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• Think venture capital is just a Silicon Valley game? Think again

  23-04-2025 13:00 via foxbusiness.com
  
  Venture capital is an increasingly national industry, with investments fueling innovation and job creation in all 50 states. From coast to coast, VC-backed companies are reshaping how we live, work, and connect – think SpaceX revolutionizing space travel, Airbnb transforming hospitality, Waymo advancing autonomous vehicles, Cava reimagining fast-casual dining, and Instacart changing how millions shop for groceries.But to unlock the full potential of the American entrepreneurial econom
  
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• Key court wins power American energy infrastructure

  23-04-2025 13:00 via foxbusiness.com
  
  The Department of Justice’s Environment and Natural Resources Division (ENRD) has touted several recent federal court decisions as "wins" for America’s oil and natural gas. The ENRD said late last week that recent federal court decisions in four legal cases centered on the Dakota Access Pipeline, a natural gas pipeline in Tennessee, an oil-export facility in Texas and the export of liquefied natural gas from a planned terminal in Alaska were legal "wins" that "underpin the inten
  
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• Ex-Trump advisor warns firing Fed Chair Powell now would spark market chaos

  23-04-2025 12:00 via foxbusiness.com
  
  As President Donald Trump doubles down on his opposition to Federal Reserve Chair Jerome Powell, one former economic advisor of the president’s is advising "Mr. Too Late" to finish the rest of his term."I've changed my opinion on this because we've got such a turbulent stock market right now, and I think firing him, the markets would react negatively to that," Heritage Foundation economist and former senior Trump economic advisor Stephen Moore told Fox News Digital."It would be more chaos
  
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• Tesla earnings fall short; Elon Musk says DOGE time will 'drop significantly'

  23-04-2025 00:12 via foxbusiness.com
  
  Tesla reported a revenue loss from its electric vehicles fall year over year in the first quarter.The electric vehicle maker, run by CEO Elon Musk, generated $13.97 billion in automotive revenue in the first three months of 2025, marking a drop of nearly 20% from the same quarter last year, according to its earnings release. During the earnings call, Elon Musk said his "time allocation to DOGE will drop significantly." DOGE, the Department of Government Efficiency, has been spearheaded by M
  
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• Foreign and domestic investments totaling over $5T under Trump, adds 451k jobs for Americans

  22-04-2025 23:48 via foxbusiness.com
  
  FIRST ON FOX: U.S. investment under President Donald Trump's administration has reached more than $5 trillion, and is expected to generate hundreds-of-thousands of jobs, according to an analysis of company announcements and reports from industry experts. In total, through both domestic and foreign investments from four different countries, various U.S. industries and manufacturers have garnered roughly $5.2 trillion in investments since January 20. In turn, these commitments are estimated t
  
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• Americans trimming back wage expectations for new jobs: NY Fed

  22-04-2025 22:45 via foxbusiness.com
  
  American workers are lowering their expectations of the pay rate they want to take a new job, according to research by the Federal Reserve Bank of New York.The New York Fed's Survey of Consumer Expectations found that the so-called reservation wage for a new job declined to $74,236 in March from $82,135 in November, which was the highest level in the data series. The report found that the lowered wage expectations were driven by men and workers over the age of 45.With last month's decline,
  
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• Los Angeles sees continuing decline in film and television production

  22-04-2025 22:23 via foxbusiness.com
  
  Los Angeles has seen a decline in local film and TV production, causing some to worry the city could face the same fate as Detroit did with the auto industry several decades ago. "As the auto industry left Detroit, it really hollowed out that city, and now there’s some concern that the same thing could be happening here in Los Angeles and in Hollywood as movie productions move out of town," FOX Business correspondent Max Gorden reported Tuesday. In a report released last wee
  
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• IMF warns Trump's tariffs will slow U.S., global economies as we enter 'a new era'

  22-04-2025 21:18 via cbc.ca
  
  The U.S. and global economies will likely slow significantly in the wake of U.S. President Donald Trump's tariffs and the uncertainty they have created, the International Monetary Fund said Tuesday.
  
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• White House says Trump administration has 18 trade proposals 'on paper'

  22-04-2025 20:55 via foxbusiness.com
  
  White House press secretary Karoline Leavitt said the Trump administration now has "18 proposals on paper" for trade deals following the implementation of its latest tariffs. "I spoke to our entire trade team this morning. There is a lot of progress being made. We now have 18 proposals on paper that have been brought to the trade team. Again, these are proposals on paper that countries have proposed to the Trump administration and to our government," Leavitt told reporters Tuesday. "Yo
  
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• Halliburton warns of tariff impact, lower North America oilfield activity

  22-04-2025 20:29 via foxbusiness.com
  
  Halliburton on Tuesday warned of a second-quarter earnings impact from tariffs and lower oilfield activity in North America as producers evaluate drilling and completions at weak oil prices, sending shares of the oilfield service producer down about 6%.Halliburton is the first of the Big Three U.S. oilfield services providers and among the first large oil company to report earnings as U.S. crude prices hover under $64 a barrel. Many companies say they cannot drill profitably if oil prices fall u
  
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• 3M beats first-quarter estimates, flags potential tariff hit on 2025 profit

  22-04-2025 20:05 via foxbusiness.com
  
  U.S. industrial conglomerate 3M Co. on Tuesday beat Wall Street expectations for first-quarter profit on cost cutting, sending its shares up 7% even as it warned of a potential hit to 2025 earnings from trade tensions.Bill Brown, who succeeded Mike Roman as CEO in May, laid out a restructuring plan in July focused on reining in spending and redirecting funds from mitigating legal liabilities.In February, 3M said it was targeting an operating margin of about 25% by 2025. In the first quarter, adj
  
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• Bessent believes China impasse over tariffs will de-escalate

  22-04-2025 19:44 via foxbusiness.com
  
  Treasury Secretary Scott Bessent told an investor summit on Tuesday that he expects the U.S. and China will de-escalate the impasse over tariffs because it's unsustainable for both countries, FOX Business has learned.Bessent said that while negotiations haven't started, a deal is possible, a source who attended the investor summit told FOX Business. The summit was closed to the media and public and hosted by JPMorgan Chase. Bloomberg first reported the news.The treasury secretary added that thos
  
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• China asks South Korea not to export rare earth products to US defense, warns companies could be sanctioned

  22-04-2025 19:39 via foxbusiness.com
  
  Beijing has asked South Korean companies to cease exporting products containing Chinese-originated heavy rare earth metals to U.S. defense firms, warning that Seoul could face sanctions. China’s Ministry of Commerce sent official notices to at least two South Korean companies recently, the Korea Economic Daily reported on Tuesday, citing sources in the South Korean transformer industry.The outlet said the letters did not specify what type of penalties South Korean companies could face
  
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• Anthropic anticipates AI virtual employees coming in next year, security leader says

  22-04-2025 18:10 via foxbusiness.com
  
  Anthropic – the company behind the artificial intelligence platform Claude – anticipates that digital AI employees will appear on corporate networks in the next year, the organization's top security leader informed Axios.Jason Clinton, Anthropic's chief information security officer, noted that these virtual workers could mark the next area of innovation in the AI space, the outlet reported. The AI entities would have "memories," parts to play within the business, and company acc
  
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• FTC could be in trouble as Meta antitrust trial enters second week, expert says

  22-04-2025 18:00 via foxbusiness.com
  
  The Federal Trade Commission (FTC) could face an uphill battle in its antitrust case against Meta as the agency and tech giant continue to lay out their arguments in court.The trial began on April 14, with the FTC alleging that Meta "has engaged in anticompetitive acquisitions to protect its dominant position" in personal social networking.The agency's lawsuit takes particular issue with Meta's purchase of Instagram and WhatsApp and calls for the tech company to divest or reconfigure its busines
  
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