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The new CEO of the Philippines’ largest telco says his Nigeria and India experience taught him to ‘never underestimate’ any market

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Carl Raymond Cruz, the incoming CEO of Globe Telecom, has experience with the “pecularities” of different markets. The Philippines’ native has worked in several different markets, including Sri Lanka, India and Nigeria. Cruz just took over the Filipino telco as its new chief executive, replacing Ernest Cu, who’s run the Southeast Asia 500 company for … Read more

World’s largest sovereign wealth fund reports $40 billion loss in first quarter on tech downturn

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The facade of Norway’s central bank, also known as Norges Bank, in Oslo, Norway. Bloomberg | Bloomberg | Getty Images Norges Bank Investment Management — the largest sovereign wealth fund in the world — on Thursday reported a first-quarter loss of 415 billion kroner ($40 billion), citing weakness in the tech sector. “The quarter has been … Read more

American consumers are still buying like crazy, but the largest credit card companies are stashing funds away for a rainy day

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As President Donald Trump’s trade policies have contributed to stock market unrest, the fallout from his so-called “Liberation Day” tariffs has yet to hit the quarterly financial reports of the country’s largest lenders where consumer spending patterns are often first to emerge Earnings reports for credit card companies remained strong as consumers borrowed, spent, and … Read more

Bitcoin futures saw the largest liquidity increase in the past year with $5.34b in positions

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CryptoQuant analyst Axel Adler Jr noted that the Bitcoin futures market saw a total of 57,000 BTC positions in the past three days, around the same time BTC surpassed the $93k threshold. In a recent post, CryptoQuant analyst Axel Adler Jr. said that traders have opened BTC (BTC) positions amounting to 57,000 BTC in the … Read more

Detroit’s eastside is being turned into a forest of sequoias native to California—the world’s largest trees

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Arborists are turning vacant land on Detroit’s eastside into a small urban forest, not of elms, oaks and red maples indigenous to the city but giant sequoias, the world’s largest trees that can live for thousands of years. The project on four lots will not only replace long-standing blight with majestic trees, but could also … Read more

Trump’s ‘punitive’ China tariffs could end trade between the world’s two largest economies—and that would be painful, volatile, and dangerous

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Trade between the world’s two largest economies—a link that defined the world economy for two decades—is on life support. U.S. tariffs on China now stand at 145%; China’s tariffs on the U.S. now stand at 125%. And that’s just the baseline, not including additional tariffs on specific goods like steel (in the case of the … Read more

America’s largest egg producer saw profits triple last quarter after raking in millions in government assistance

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Even though the White House says egg prices are coming back down to earth, the nation’s largest egg producer is still raking in profits.  Cal-Maine, America’s largest egg producer in both revenue and flock size, saw its profits triple in the first three months of the year, according to the company’s quarterly financial report. The … Read more

Headcount at the world’s largest real estate brokerage is shrinking, and two lawsuits claiming sexual assaults inside the company may offer clues as to why 

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eXp Realty founder Glenn Sanford built the largest independent real estate brokerage in the world, with about 83,000 agents, by promising to share the company’s revenue with his staff. But a decline in agents on his watch for the first time ever suggests the revenue-sharing model that put eXp Realty on the map might now … Read more

Microsoft turns 50 as the world’s second largest company—trying not to fall behind on AI

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Microsoft has been at the heart of computing for half a century, becoming a tech stalwart almost taken for granted as lifestyles embraced the internet. As the company, founded with a vision of putting computers in every home and office, celebrates its 50th anniversary on Friday, it is looking to boost its fortunes by being … Read more

Trump sets auto tariffs at 25%, drawing swift backlash. ‘The tariffs announced today will harm—not help,’ says world’s largest business association.

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President Trump pushed ahead with new tariffs on foreign-made cars and light trucks of 25%, he announced from the Oval Office on Wednesday. The new tariffs will launch on April 2 “and we’ll start collecting on April 3,” said Trump, adding the levies would not hit cars built in the U.S.  “This is going to … Read more

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