Day: July 27, 2024
Justice Department claims TikTok collected U.S. user views on issues like abortion and gun control
In a fresh broadside against one of the world’s most popular technology companies, the Justice Department is accusing TikTok of harnessing the capability to gather bulk information on users based on views on divisive social issues like gun control, abortion and religion. Government lawyers wrote in documents filed late Friday to the federal appeals court […]
Read More
Climate change is gentrifying neighborhoods. In Miami, residents fear high prices — and a lost soul
Key Points Gentrification occurs when an area experiences a rapid rise in residents’ average incomes and rents. The typical outcome: The white population increases, and people of color are priced out. Climate change is accelerating this dynamic in some parts of the U.S., a trend known as “climate gentrification.” In Miami neighborhoods such as Allapattah, […]
Read More
Trump’s Bitcoin speech aims to lock down crypto support as Harris gains momentum
Republican presidential nominee and former U.S. President Donald Trump walks off stage after speaking at a campaign rally at the Van Andel Arena in Grand Rapids, Michigan, on July 20, 2024. Anna Moneymaker | Getty Images NASHVILLE — Former president Donald Trump headlines the biggest bitcoin conference of the year on Saturday afternoon, as the race to capture the votes and the […]
Read More
Going for gold — Three ‘Big Short’ traders say the precious metal is a major long
“The Big Short” traders Danny Moses, Vincent Daniel and Porter Collins are focused on one of their top long bets: gold. “I just don’t think Americans have enough gold in their portfolio,” Collins said on CNBC’s ” Fast Money ” in an exclusive interview this week . The three investors are known for their successful […]
Read More
Buy top tech stocks like Apple ahead of their results before it’s too late, Bank of America says
There’s still plenty of buying opportunities among technology stocks, according to Bank of America. The investment bank says stocks like Apple are table-pounding buys ahead of quarterly results this week. CNBC Pro combed through Bank of America research to find buy-rated tech stocks with more room to run. They include: Microsoft, Apple , Micron Technology, […]
Read More
How the EV boom led Chinese companies to take over Indonesia’s nickel industry
Nickel mining in Indonesia has surged, making it the world’s top producer of the metal. With over 14 active mines, Indonesia supplies more than 40% of global nickel demand, driven by its crucial role in electric vehicle (EV) batteries. “Nickel is needed for the development of the electric vehicle sector, which is going to benefit […]
Read More
Food delivery fees are rising, and everyone’s feeling the pinch
A food delivery messenger is seen in Manhattan. Luiz C. Ribeiro | New York Daily News | Tribune News Service | Getty Images Food from the restaurant of your choosing, delivered right to your door — at what cost? Third-party food delivery is becoming the norm for American consumers, as delivery apps like Grubhub, DoorDash […]
Read More
China’s industrial profits post faster gains in June despite faltering economy
A Chinese flag in Pudong’s Lujiazui Financial District in Shanghai, China, on Sept. 18, 2023. Raul Ariano | Bloomberg | Getty Images China’s industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers’ sentiment amid a shaky economic recovery. A 3.6% […]
Read More
U.S. union and Apple reach tentative labor agreement
People line up outside the New York Apple Store on February 2, 2024, as the Vision Pro headset is released in US Apple stores. The Vision Pro, the tech giant’s $3,499 headset, is its first major release since the Apple Watch nine years ago. Angela Weiss | AFP | Getty Images The International Association of […]
Read More
Biden will announce Supreme Court reform plans on Monday, Politico reports
U.S. President Joe Biden meets with Israeli Prime Minister Benjamin Netanyahu (not pictured) in the Oval Office at the White House in Washington, U.S., July 25, 2024. Elizabeth Frantz | Reuters U.S. President Joe Biden will announce plans to reform the Supreme Court on Monday, Politico reported citing two people familiar with the matter, adding he was likely to back term limits for justices and an enforceable code […]
Read More