US judge says halt of $100m in funds allotted by Congress for scholars, writers and research illegal and discriminatory A federal judge ruled on Thursday that the terminations of hundreds of humanities grants last year by the Trump administration ’s so-called “department of government efficiency” (Doge) were unconstitutional and involved “blatant” discrimination. In April last year, Donald Trump ’...
US judge says halt of $100m in funds allotted by Congress for scholars, writers and research illegal and discriminatory A federal judge ruled on Thursday that the terminations of hundreds of humanities grants last year by the Trump administration ’s so-called “department of government efficiency” (Doge) were unconstitutional and involved “blatant” discrimination. In April last year, Donald Trump ’s administration terminated more than 1,400 grants, representing more than $100m in congressionally appropriated funds awarded to scholars, writers, research institutions and other humanities organizations. The terminations were part of a cost-cutting drive that billionaire Elon Musk was leading at Doge. Continue reading...
US President Donald Trump filed an appeal on Friday after the latest legal setback to his signature tariff policy, piling on more chaos and global uncertainty and setting up a new tussle over billions of US dollars in refunds. The appeal follows a decision on Thursday by the US Court of International Trade that invalidated his use of a Section 122 trade provision that saw him slap 10 per cent impo...
US President Donald Trump filed an appeal on Friday after the latest legal setback to his signature tariff policy, piling on more chaos and global uncertainty and setting up a new tussle over billions of US dollars in refunds. The appeal follows a decision on Thursday by the US Court of International Trade that invalidated his use of a Section 122 trade provision that saw him slap 10 per cent import taxes on nearly every country on earth. In its ruling, the court found that he failed to meet the...
The Trade Desk (NASDAQ:TTD) , which provides a self-service, cloud-based ad-buying platform, closed Friday at $23.06, down 1.83%. The stock is sliding after a mixed Q1 2026 report and a wave of analyst downgrades. Investors are watching margin trends and revenue guidance. Trading volume reached 41.1 million shares, about 103% above its three-month average of 20.2 million shares. The Trade Desk IPO...
The Trade Desk (NASDAQ:TTD) , which provides a self-service, cloud-based ad-buying platform, closed Friday at $23.06, down 1.83%. The stock is sliding after a mixed Q1 2026 report and a wave of analyst downgrades. Investors are watching margin trends and revenue guidance. Trading volume reached 41.1 million shares, about 103% above its three-month average of 20.2 million shares. The Trade Desk IPO'd in 2016 and has grown 666% since going public. The S&P 500 rose 0.82% to 7,397, while the Nasdaq Composite gained 1.71% to finish at 26,247. Among advertising agency peers, PubMatic closed at $10.74, up 4.88%, and Magnite finished at $14.13, rising 0.93% as investors weighed ad-tech earnings and product updates. The Trade Desk’s Q1 earnings were quite underwhelming. While its 12% sales growth snuck past analysts’ expectations, it came up shy on adjusted EPS. The biggest issue with The Trade Desk’s report was its weak guidance for just 8% sales growth in Q2, as it expects $750 million in revenue, versus Wall Street’s consensus of $770 million. Continue reading
Safepoint Holdings Inc. , an underwriter of specialty homeowners and commercial insurance, filed for an initial public offering, disclosing growing profit and revenue. The Tampa, Florida-based firm had net income of $48 million on revenue of $168 million for the first three months of the year, compared with net income of $16.6 million on revenue of $112 million in the corresponding period a year e...
Safepoint Holdings Inc. , an underwriter of specialty homeowners and commercial insurance, filed for an initial public offering, disclosing growing profit and revenue. The Tampa, Florida-based firm had net income of $48 million on revenue of $168 million for the first three months of the year, compared with net income of $16.6 million on revenue of $112 million in the corresponding period a year earlier, according to its filing Friday with the US Securities and Exchange Commission. Founded in 2013, Safepoint focuses on insurance in coastal markets such as Florida and Louisiana, the filing shows. It owns an insurance company, Safepoint Insurance Co., and three Bermuda-based reinsurance captives. Safepoint has grown its business as competitors have retreated from US Gulf Coast markets. It has assumed policies from other private insurers and depopulation programs of state-sponsored insurers, as well as attracting new business, the filing shows. The company has increased gross written premiums to $927.2 million in 2025 from $188 million in 2021. The filing comes as the US IPO market is picking up. Listings have raised $18.9 billion on US exchanges this year, excluding blank-check companies and other financial vehicles, versus $10.4 billion in the same period a year ago, data compiled by Bloomberg show. Read More: Flurry of US IPOs Race to Tap Market Ahead of SpaceX Debut For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . The offering is being led by Deutsche Bank AG and Morgan Stanley . The company expects its shares to trade on the New York Stock Exchange under the symbol SFPT.
Rocket Lab (NASDAQ:RKLB), a launch services and space systems provider, closed Friday at $105.55, up 34.32%. The stock jumped after record Q1 revenue beat expectations and guidance pointed to another record quarter. Investors are watching how its expanding backlog converts into s
Rocket Lab (NASDAQ:RKLB), a launch services and space systems provider, closed Friday at $105.55, up 34.32%. The stock jumped after record Q1 revenue beat expectations and guidance pointed to another record quarter. Investors are watching how its expanding backlog converts into s
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Kestra Investment Management CIO Kara Murphy, Precision Neuroscience CEO Michael Mager, Carlyle’s Jason Thomas, Fmr. National Economic Council Dir. Gene Sperling, Envestnet’s Dana D’Auria, DraftKings CEO Jason Robins, NBA Hall...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Kestra Investment Management CIO Kara Murphy, Precision Neuroscience CEO Michael Mager, Carlyle’s Jason Thomas, Fmr. National Economic Council Dir. Gene Sperling, Envestnet’s Dana D’Auria, DraftKings CEO Jason Robins, NBA Hall of Famer Shaquille O’Neal & Authentic Brands CEO Jamie Salter, Toms Founder Blake Mycoskie, Milk Bar CEO Christina Tosi & Jade Leaf Matcha GM Daniel Woldar, & gamma. CEO Larry Jackson. (Source: Bloomberg)
Ambev (NYSE:ABEV), a Latin American beverage producer, edged up 0.30% on Friday to finish at $3.29, extending the week’s gains. It reported better-than-expected earnings early in the week, and investors are watching how beer demand and an expanded product range can shape its earn
Ambev (NYSE:ABEV), a Latin American beverage producer, edged up 0.30% on Friday to finish at $3.29, extending the week’s gains. It reported better-than-expected earnings early in the week, and investors are watching how beer demand and an expanded product range can shape its earn