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Amazon Sees Earnings Double In Q4 2024 But Weak Guidance Causes Shares To Drop

Amazon.com (NASDAQ: AMZN) has delivered its fourth-quarter and full-year 2024 financial results, with total quarterly net sales reaching $187.8 billion—a 10% increase from $170.0 billion in the same quarter last year—and, when stripping out a $0.9 billion adverse impact from foreign exchange fluctuations, the growth rate edged up to 11%. The company’s North America business generated $115.6 billion in […]

EPA Warns 1,000 Workers of Possible Immediate Dismissal

More than 1,000 Environmental Protection Agency workers received notice they could be fired immediately, union officials said, as the Trump administration pursues federal workforce cuts. The agency sent emails last week to workers identified as being on “probationary/trial period” status, informing them they could be terminated immediately, according to an email reviewed by CNN. “No […]

White House Plan Forces Major Job Cuts at Science Agency

The National Science Foundation will cut up to half its workforce by April, threatening America’s largest basic research funding program. Engineering Directorate head Susan Margulies announced the cuts Tuesday, telling staff the agency must eliminate 25% to 50% of positions. The Trump administration’s push to shrink federal agencies has prompted the reductions. Federal employees must […]

Wilkinson Seeks Deeper US Trade Links as Provinces Urge Local Focus

Canada’s energy minister proposed joint US-Canada investment in critical minerals and energy projects on Tuesday, even as provinces push to reduce dependence on US trade after recent tariff threats. Energy Minister Jonathan Wilkinson told the Atlantic Council that such collaboration would help the US reduce reliance on Russia and China for materials like uranium, germanium, […]

Will A Third Impeachment Attempt On Donald Trump Succeed?

A renewed push to impeach President Donald Trump has emerged on Capitol Hill led by Democrat Rep. Al Green. The lawmaker, a vocal critic of Trump, rose in the House to lay out his rationale in a fiery speech denouncing what he calls the president’s plan for “ethnic cleansing” in Gaza. Trump recently proposed that […]

EU Weighs Tech Restrictions in Response to US Tariff Threat

The European Union could restrict US tech companies’ access to European users if President Donald Trump imposes threatened tariffs on the bloc, the Financial Times reported Wednesday. The EU might deploy its anti-coercion mechanism, a trade defense tool introduced in 2023, to counter anticipated Trump tariffs. Brussels suspects Trump aims to pressure the EU into […]

Cannabis Banking Splits Senate Panel as Industry Seeks Relief

Cannabis banking access dominated a Senate hearing Wednesday as lawmakers debated financial services for the marijuana industry. Sen. Elizabeth Warren highlighted how “lawful cannabis businesses have been unable to open accounts and employees of those businesses have been debanked.” The Massachusetts Democrat called for investigation into those responsible. Committee Chairman Tim Scott emphasized examining “federally […]

Cruise Ends Robotaxi Ops: “We Will Not Be Relaunching Our Ridehail Service”

Customers of Cruise, General Motors’ (NYSE: GM) self-driving ride-hail unit, reportedly received notices announcing the end of the company’s robotaxi operations. The emails—marked by a mix of gratitude and regret—explained that Cruise would not relaunch its service. “It is with a mix of gratitude and regret that we share some significant news: Cruise’s robotaxi service […]

Fake News! Panama Rejects White House Assertions of Free Canal Passages

The goodwill gained from the recent visit to Panama has been tarnished after the country firmly denied making any concessions to grant free transit rights for U.S. government vessels through the Panama Canal—contradicting the White House’s claims of a victorious deal. In a post on X, the US State Department declared that American government vessels […]

BCE Hits 16.1% Q4 Profit Jump As Operating Revenues Fall

BCE Inc. (TSX: BCE) has released its Q4 and full-year results for 2024, reporting operating revenues of $6.42 billion, which was a 0.8% decrease compared to the same period in 2023. On a full-year basis, revenue also declined 1.1% to $24.41 billion from $24.67 billion. This softening in the top line partially reflected lower service […]