Month: November 2024
Republicans gear up for the coming battle over $5 trillion tax cut’s costs
As Republicans on Capitol Hill lay the groundwork for extending the 2017 tax cuts, cracks are already emerging on one of the biggest questions: how to handle the cost. Extending the tax provisions is estimated to increase the deficit by $5 trillion, according to the nonpartisan Congressional Budget Office. Yet many lawmakers are quick to […]
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Kohl’s CEO Tom Kingsbury to step down in January, to be replaced by Michaels CEO Ashley Buchanan
Incoming Kohl’s CEO Ashley Buchanan and current CEO Tom Kingsbury. Courtesy: Michael’s | Kohl’s Kohl’s is getting a new CEO, its third since 2018. The off-mall department store’s current CEO Tom Kingsbury is stepping down effective Jan. 15. He will leave the position he held first on an interim basis starting in late 2022, and […]
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San Francisco Mayor-elect Daniel Lurie taps OpenAI’s Sam Altman and other business leaders for help with transition
Mayor- Elect Daniel Lurie speaks in St. Mary’s square a day after winning the Mayoral race in San Francisco on Friday, Nov. 8, 2024. Gabrielle Lurie | San Francisco Chronicle | Hearst Newspapers | Getty Images San Francisco’s Mayor-elect Daniel Lurie has begun tapping tech heavyweights and business leaders to help with his goal of […]
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Starbucks baristas can’t view their schedules after ransomware attack on vendor
The Starbucks logo is displayed above one of its cafes in London on Aug. 13, 2024. Hollie Adams | Reuters A ransomware attack on one of Starbucks‘ software vendors has disrupted how the coffee chain’s baristas view and manage their schedules, the company said Monday. Starbucks said it is working closely with the vendor to […]
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State Farm signs JuJu Watkins and increases investment in women’s sports
State Farm has signed USC star JuJu Watkins to an NIL deal as it increases its investment in women’s sports. State Farm is furthering its investment in women’s sports with two new deals. The insurance giant announced on Monday that it had signed college basketball star JuJu Watkins to an NIL, or “name, image and […]
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Wall Street launches new ways to bet on bitcoin
For years, bitcoin won by being boring. Investors weren’t able to do all that much with it besides buy and hold it. But that was precisely why the world’s largest cryptocurrency was valuable. It was a commodity, like gold — or corn. It didn’t get too fancy on its offerings. In fact, bitcoin’s core team […]
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Expect a Santa rally and new highs into year-end, says Stock Trader’s Almanac
A Santa Claus rally and a strong seasonal month for stocks can push them to new all-time highs by year-end, according to the Stock Trader’s Almanac. Stocks continued to rise Monday — with the Dow Jones Industrial Average and S & P 500 each hitting all-time highs to start off the final trading week of […]
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Analyst Dan Clifton breaks down why the stock market rallied the way it did after the election
There’s one key reason the U.S. stock market rallied after this month’s presidential election, and it wasn’t necessarily because of the outcome, according to Dan Clifton of Strategas. “What we saw was that the market was pricing in a 50-50 election. [Investors] didn’t know who was going to win,” Clifton, the firm’s head of Washington […]
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Jack Smith files to drop Jan. 6 charges against Donald Trump
Special Counsel Jack Smith makes a statement to reporters about the 37 federal charges returned by a grand jury in an indictment of former U.S. President Donald Trump on charges of unauthorized retention of classified documents and conspiracy to obstruct justice as Smith speaks at his offices in Washington, U.S. June 9, 2023. Leah Millis […]
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Deutsche Bank sees the S&P 500 hitting 7,000 in 2025 on the back of rising risk appetite
The bull market is poised to extend through 2025, boosted by solid demand for stocks from investors as well as strong corporate activities, such as buybacks and other spending, according to Deutsche Bank, which is calling for the S & P 500 to rise as high as 7,000. Binky Chadha, Deutsche Bank chief global strategist, set a year-end 2025 […]
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