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1 week ago | 
newsmax.com | Lee Barney
Apple can no longer claim to be the biggest U.S. company by market capitalization, Barron’s reports. Microsoft now has a market cap of $3.19 trillion, according to Dow Jones Market Data, surpassing Apple’s $3.16 trillion. Nivida is third runner-up, with a valuation of $2.76 billion. Microsoft shares soared Thursday after its financial results beat Wall Street estimates and it provided a strong outlook for AI-driven cloud growth.
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1 week ago | 
newsmax.com | Lee Barney
The U.S. Chamber of Commerce President Suzanne Clark is urging President Trump to exempt small American businesses from tariffs, warning that if the negotiations continue for even a month or two, there is a strong risk the country will fall into a recession.
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2 weeks ago | 
newsmax.com | Lee Barney
Real estate developers The Trump Organization, Qatari Diar and Dar Global announced Wednesday they will build Qatar's first Trump-branded project, the $5.5 billion, 80-story Trump International Hotel & Tower, Dubai. The tower will be inspired by the iconic Trump Tower on Fifth Avenue in New York. The beachside development, 40 minutes north of the Qatari capital Doha, will also include the 18-hole Trump International Golf Course, Trump Villas, and a Land of Legends theme park.
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2 weeks ago | 
newsmax.com | Lee Barney
Slate, an electric vehicle startup backed by Jeff Bezos, has introduced its first EV, with prices starting at $20,000 after U.S. tax credits, Fortune reports. “The definition of what’s affordable is broken,” said Slate CEO Chris Barman in a statement. “Slate exists to put the power back in the hands of customers who have been ignored by the auto industry.
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2 weeks ago | 
newsmax.com | Lee Barney
The Trump Store, the official retail site of the Trump Organization, is selling a “Trump 2028” ballcap, only weeks after President Donald Trump told NBC News he is “not joking” about possibly running for a third term, Forbes reports. In the style of Trump’s “Make America Great Again” iconic red caps, the hats are selling for $50.
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4 weeks ago | 
newsmax.com | Lee Barney
JPMorgan Chase CEO Jamie Dimon has sold $31.5 million worth of the bank’s shares, according to a regulatory filing.
Last year, Dimon sold $180 million worth of JPMorgan stock (JPM), the first time Dimon had unloaded any of the bank’s shares since taking over the top role 19 years ago in 2006, the New York Post reports. In 2024, Dimon’s compensation package increased by 8.3% to $39 million.
JPMorgan reported last week that its first-quarter net income soared 9% to $14.6 billion.
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1 month ago | 
newsmax.com | Lee Barney
With tariffs set to raise food prices 2.8% to 4%, consumers are stocking up on canned goods at big box retailers including BJ's, Costco and Target, a report from Consumer Edge found.
In the two days following the announcement of the Trump administration’s tariffs, April 3 and April 4, sales of canned and jarred vegetables rose 29%, instant coffee sales spiked 21%, ketchup sales were up 18%, and beer, 3%, from the Thursday and Friday the week prior.
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1 month ago | 
newsmax.com | Lee Barney
JPMorgan Chase CEO Jamie Dimon warned Friday the U.S. economy faces “considerable turbulence,” Yahoo Finance reports.
Dimon made the remarks as JPMorgan reported net income rose 9% to $14.6 billion in the first quarter, beating Wall Street’s profit and revenue targets. It was JPMorgan’s best quarter since the COVID pandemic.
“We continue to believe it is prudent to maintain excess capital and ample liquidity in this environment,” Dimon said.
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1 month ago | 
newsmax.com | Lee Barney
The steep 28% drop in oil prices from a year ago, coupled with President Donald Trump’s commitment to lower U.S. energy prices, will benefit the economy, economists believe.
On Thursday alone, oil prices retreated nearly 3% as fears of a deepening U.S.-China trade war.
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1 month ago | 
newsmax.com | Lee Barney
Microsoft founder Bill Gates thinks leaving his three children just 1% of his $101 billion net worth is the right decision, the New York Post reports.
“It’s not a dynasty,” the 69-year-old computer pioneer said on the “Figuring Out With Raj Shamani” podcast.
Gates, who shares his children, Jennifer, 28, Rory, 25, and Phoebe, 22, with ex-wife Melinda French Gates, said he would like to see them forge their own success in life.
