Day: September 4, 2024
Amazon is ‘joint employer’ of some contracted delivery drivers, labor group says
A group of Amazon delivery drivers hold a labor strike at the DAX7 Amazon Sortation Center in South Gate. The police became involved due to the hold up of Amazon vehicles. Zoe Cranfill | Los Angeles Times | Getty Images Amazon should be considered a “joint employer” of some of its contracted delivery drivers, a […]
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Fund manager reveals his top stock picks that rose during the market sell-off
Shares of Visa hold significant growth potential and could even help investors weather market volatility, according to fund manager Freddy Lait at Latitude Investment Management. Lait, who is also a managing partner at the firm, pointed to Visa’s 0.8% gain on Monday — despite a very risk-off mood in the broader market — as a […]
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Goldman Sachs just refreshed its conviction lists of global stocks — giving one 64% upside
Goldman Sachs has refreshed its lists of top global stock picks for September, adding some and removing others. The stocks are featured in the investment bank’s “Conviction List – Directors’ Cut,” which aims to offer investors a “curated and active” list of 15 to 25 buy-rated stocks. Stocks on the list are selected by a […]
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Chinese consumer companies have a ‘disproportionate’ advantage over Asian peers in winning the global market
Pictured here in Nov. 2023 is a storefront for Chinese retailer Miniso in London. Peter Dazeley | Getty Images News | Getty Images BEIJING — Chinese brands turning to global markets for growth have a major advantage over the first wave of Asian businesses that went global: a large ethnic Chinese diaspora. That’s according to […]
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U.S. safety regulator calls for probe of Temu, Shein over ‘deadly baby and toddler products’
Global online shopping platform Temu. Bloomberg | Bloomberg | Getty Images Two U.S. Consumer Product Safety Commission members are urging the agency to probe safety practices of “foreign-owned” e-commerce platforms such as Shein and Temu, specifically the alleged sale of “deadly baby and toddler products.” In a letter late Tuesday, CPSC Commissioners Peter Feldman and […]
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Beyond Meat to launch new steak alternative as it focuses on health
Beyond Meat in El Segundo, California, on May 30, 2024. Christina House | Los Angeles Times | Getty Images Beyond Meat will introduce a whole-muscle steak alternative as part of its pivot to win over health-conscious consumers. CEO Ethan Brown said on Wednesday that the rollout will likely include a partnership with a restaurant chain […]
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Harris unveils plan for 28% capital gains tax, softening Biden’s proposal for 40% rate
Vice President Kamala Harris boards Air Force Two at Joint Base Andrews in Maryland on September 4, 2024. Erin Schaff | The New York Times | Via Reuters Vice President Kamala Harris on Wednesday proposed a 28% tax on long-term capital gains for households with an annual income of $1 million or more, lower than […]
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Nvidia says it didn’t receive antitrust subpoena from DOJ
Nvidia’s headquarters in Silicon Valley. Andrej Sokolow | Picture Alliance | Getty Images Nvidia on Wednesday denied reports it received a subpoena from the Department of Justice over antitrust concerns. “We have inquired with the U.S. Department of Justice and have not been subpoenaed,” an Nvidia representative told CNBC. “Nonetheless, we are happy to answer […]
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Trump Media shares erase 2024 gains as key DJT sale date nears
Anna Barclay | Getty Images Trump Media shares on Wednesday closed below where they stood at the end of 2023, as the Truth Social maker’s stock continued to slide ahead of the date when majority-owner Donald Trump can begin selling his stake. The DJT slump, which followed a brief surge in mid-July spurred by the […]
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Cramer names the No. 1 underappreciated megacap to buy in the recent tech stock sell-off
Microsoft’s generative artificial intelligence prospects are impressive. But the stock has more to offer investors than just the new tech. Jim Cramer said Microsoft shares could bottom Wednesday — and out of all the megacap tech stocks, this Club name is the one to buy. Microsoft closed at a record high of $467 on July […]
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