ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailMariana Zobel de Ayala of Ayala Corporation says expanded public-private partnerships in infrastructure will be critical to achieving the Philippine government’s goal of boosting tourism’s share of the economy. Source link
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The U.S. Department of the Treasury building is seen in Washington, D.C., on Jan. 19, 2023.Saul Loeb | Afp | Getty ImagesThe U.S. government drifted further into red ink in May, with a burgeoning debt and deficit issue getting worse, the Treasury Department reported Wednesday.After running a short-lived surplus in April thanks to tax season receipts, the deficit totaled just more than $316 billion for the month, taking the year-to-date total to $1.36 trillion.The annual tally was 14% higher than a year ago, though the May 2025 total was 9% less than the May 2024 shortfall.Surging financing costs were again…
The ‘Fast Money’ traders talk if the energy trade is back on track. Source link
Ali Ghodsi, co-founder and CEO of Databricks, speaks at the company’s Data and AI Summit in San Francisco on June 11, 2025.Jordan Novet | CNBCDatabricks, a data analytics software vendor, said on Wednesday that it expects to generate $3.7 billion in annualized revenue by July, with year-over-year growth of 50%.CFO Dave Conte delivered the numbers at a briefing for investors and analysts tied to the company’s Data and AI Summit in San Francisco on Wednesday. Growth in the October quarter was 60%, Databricks said in late 2024.Databricks is one of the most highly valued tech startups, announcing in December that…
Elon Musk, during a news conference with President Donald Trump on May 30, 2025 inside the Oval Office at the White House in Washington. Tom Brenner | The Washington Post | Getty ImagesElon Musk’s official role in the Trump administration recently came to an end. Many Republicans won’t be sad to see less of him, according to the results of Quinnipiac University’s latest public opinion survey.While a majority of Republicans still hold a favorable view of Musk, the number fell to 62% in the poll out Wednesday, down from 78% in March, Quinnipiac said.Overall, the Quinnipiac poll found that 30%…
A man stocks shelves at a grocery store in Brooklyn on May 13, 2025 in New York City. Spencer Platt | Getty Images Consumer prices in the U.S. have been benign since February, and the May reading continues that trend, according to the Bureau of Labor Statistics’ consumer price index report released Wednesday. Meanwhile, the May jobs report, while better than expected, revised downward the figures for March and April, exposing some weaknesses in the labor market. In ordinary times, the scenario of muted inflation and a job market that’s starting to wobble would make cutting interest rates — a move…
CNBC’s Eamon Javers joins ‘Fast Money’ to talk the latest on Sec. Scott Bessent’s testimony on trade. Source link
FILE PHOTO: Mahmoud Khalil speaks to members of media about the Revolt for Rafah encampment at Columbia University during the ongoing conflict between Israel and the Palestinian Islamist group Hamas in Gaza, in New York City, U.S., June 1, 2024. Jeenah Moon | ReutersThe federal judge presiding over Mahmoud Khalil’s case ruled that the Trump administration, for now, cannot deport or detain the Columbia University activist based on a determination by U.S. Secretary of State Marco Rubio.The judge’s order will not take effect until Friday, allowing the government time to appeal.Rubio has cited an obscure provision of the Immigration and Nationality Act of 1952…
U.S. President Donald Trump and U.S. House Speaker Mike Johnson react during an Invest America Roundtable in the State Dining room, at the White House, in Washington, U.S., June 9, 2025. Evelyn Hockstein | ReutersThe House on Wednesday moved a step closer to approving President Donald Trump’s $9.4 billion spending cut package, which would codify some cuts originally proposed by the Department of Government Efficiency.The package would grant permission to the White House not to spend billions of dollars that had already been approved by Congress. The money would be clawed back from specific agencies like the U.S. Agency for…
Voyager Technologies Chairman and CEO Dylan Taylor and Matthew J. Kuta, President and Co-Founder, ring the opening bell to celebrate the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., June 11, 2025. NYSEVoyager Technologies secured a valuation of $3.8 billion after the defense and space firm’s shares more than doubled in their U.S. debut, signaling strong interest in the sector expected to thrive under the Trump administration.The Denver, Colorado–based company’s stock opened 125% higher on Wednesday at $69.75 apiece, above the $31 offer price. Voyager raised $382.8 million by selling nearly 12.4 million shares in an upsized IPO.The space…
