PayPal accused of racial bias against Asian Americans in funding program
By Jonathan Stempel NEW YORK (Reuters) – PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to Black and Hispanic applicants, costing…
FBI says suspect in Cybertruck blast had no animosity towards Trump, had PTSD
WASHINGTON (Reuters) – The FBI said on Friday that the suspect in the Tesla (NASDAQ:TSLA) Cybertruck that exploded outside the Trump International Hotel in Las Vegas had no animosity towards President-elect Donald Trump and likely had post-traumatic stress disorder. The…
MicroStrategy aims to raise $2b via preferred stock sale
Investing.com — MicroStrategy, a business intelligence company, has revealed plans to raise up to $2 billion through one or more offerings of perpetual preferred stock. The purpose of the offering is to allow MicroStrategy to continue to strengthen its balance…
Fannie Mae, Freddie Mac shares surge after federal agencies reveal privatization path
By Niket Nishant and Manya Saini (Reuters) -Shares of Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC), the mortgage giants under U.S. government control since 2008, surged to multi-year highs on Friday after federal agencies revealed a framework for their “orderly”…
DOJ urges Supreme Court to reject Trump request to delay TikTok ban law
(Corrects paragraph 5 to remove extraneous ‘not’) By David Shepardson WASHINGTON (Reuters) – The U.S. Department of Justice asked the Supreme Court late on Friday to reject President-elect Donald Trump’s request to delay implementation of a law that would ban…
Asian stocks rise, dollar at two-year high as US rates, Trump in focus
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks rose on Friday, aiming to shrug off a lacklustre start to 2025, while the dollar was perched at a two-year high against a basket of currencies as investors fret about U.S. rates…