Month: November 2024
Elon Musk is no Kissinger, but may help improve U.S.-China relations, experts say
Elon Musk embraces Donald Trump during a campaign rally in Butler, Pennsylvania on Oct. 5, 2024. Anna Moneymaker | Getty Images Elon Musk’s relationship with Donald Trump has fueled expectations that he could soften the U.S. President-elect’s policy stance toward Beijing, but experts caution against putting too much stock into the Tesla CEO. The billionaire […]
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S&P 500 futures are little changed after stocks close at record highs: Live updates
Traders work at the New York Stock Exchange (NYSE), Friday, November 8, 2024. Source: NYSE Stock futures are near flat early Tuesday as Wall Street continued analyzing which sectors to pour money into amid a postelection rally that’s sent equities to record levels. Futures tied to the Dow Jones Industrial Average lost 57 points, or […]
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Trump expected to choose Sen. Marco Rubio for secretary of state
Senator Marco Rubio (R-FL) speaks on Day 2 of the Republican National Convention (RNC), at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 16, 2024. Mike Segar | Reuters President-elect Donald Trump is expected to name Sen. Marco Rubio of Florida as secretary of state for his administration in the coming days, according to three sources familiar with the […]
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China’s state-owned tobacco behemoth is booming, defying global trends and anti-smoking efforts
Photo of cigarettes sold in Shanghai on March 7, 2022. Cfoto | Future Publishing | Getty Images China is bucking global smoking trends as cigarette sales surge in the country, powered by “the biggest tobacco company most people have never heard of.” The China National Tobacco Corporation, commonly known as China Tobacco, has a near […]
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This Australian quit her job at 24 and started a business out of her parents’ garage—now, it brings in over $100 million a year
Jane Lu, founder and CEO of Showpo. Courtesy of Jane Lu. Growing up, Jane Lu dreamt of waking up every morning and putting on a power suit to go to work at a fancy corporate finance job in one of the tall city buildings. Today, the 38-year-old is the founder and CEO of online fashion […]
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Trump picks Rep. Mike Waltz to serve as his national security adviser
Representative Michael Waltz (R-FL) speaks on Day 3 of the Republican National Convention (RNC), at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 17, 2024. Mike Segar | Reuters President-Elect Donald Trump has picked Rep. Mike Waltz, R-Fla., to serve as his national security adviser, according to four sources familiar with the decision. Waltz is a Green Beret veteran […]
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Bitcoin is closing in on $90,000 for the first time ever
Bitcoin was trading just shy of $90,000 Monday night after breaching $80,000 just a day earlier. The flagship cryptocurrency was last higher by 12% at $89,100, according to Coin Metrics. Earlier Monday, it rose as high as $89,623.00. Its price is expected by many investors to continue making fresh records on its way up to […]
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European Google rivals partner on search engine infrastructure to counter Big Tech
A Google logo displays on a smartphone screen and the European flag on a computer screen. Nikolas Kokovlis | Nurphoto | Getty Images LISBON, Portugal — Ecosia and Qwant, two search engines competing with Google, announced a partnership Tuesday to build a European search index and reduce their dependence on U.S. Big Tech firms. The two […]
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Asia-Pacific investors exercise caution despite U.S. postelection rally
Sydney Building take from Cremorne Point. Brook Attakorn | Moment | Getty Images Asia-Pacific markets were mixed on Tuesday, with investors exercising caution even as the Dow Jones Industrial Average’s post-election rally continued to gain momentum to close at a record high. Australia’s S&P/ASX 200 was 0.37% lower in its first hour of trade. Japan’s […]
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Want to cash in on China’s stimulus? Here’s what the pros expect next
Chinese markets are back in the spotlight after a slew of government stimulus measures over recent weeks. Friday’s news of a five-year 10 trillion Chinese yuan ($1.4 trillion) debt swap program disappointed investors, however, falling short of calls for more direct support for the economy. For many market participants — including Pella Funds’ Jordan Cvetanovski […]
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