Month: November 2024
Elon Musk is $70 billion richer since Trump victory due to Tesla stock surge
Elon Musk on stage before Republican presidential nominee former President Donald Trump speaks at a rally at Madison Square Garden in New York, NY on Sunday, October 27, 2024. The Washington Post | The Washington Post | Getty Images Elon Musk spent $44 billion to buy Twitter, now known as X, and at least $130 […]
Read More
Trump’s ‘border czar’ could have more power, fewer hurdles on deportation policy
President Donald Trump (C) holds a law enforcement roundtable on sanctuary cities, in the Roosevelt Room at the White House on March 20, 2018 in Washington, D.C. Trump was joined by Attorney General Jeff Sessions (L), and Homeland Security Secretary Kirstjen Nielsen, and Thomas Homan, acting director of Immigration and Customs Enforcement. Kevin Dietsch | […]
Read More
How the ultra wealthy travel in Dubai
Dubai went from a sleepy gulf port to a glittering jewel in a single generation. The so-called City of Gold attracts over 17 million visitors a year, but only a select few get to experience the truly over-the-top glitz and glamour it has to offer – until now. Dubai went from a sleepy gulf port […]
Read More
The stock market is about to do something extremely rare in its history
The S & P 500 is on pace to deliver a second straight year of gains above 20%. Historical data shows how uncommon that really is. After last week’s postelection rally, the S & P 500 is now up by about 26% on the year. That comes after the broad index climbed more than 24% […]
Read More
IAC exploring spinoff of home improvement marketplace Angi
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images IAC said Monday it’s exploring a spinoff of Angi, an online platform that connects consumers with a marketplace of home improvement service providers in their area, like electricians and landscapers. Angi stock price was down nearly 4% in after-hours trading on Monday. IAC shares […]
Read More
Trump taps Lee Zeldin as EPA chief, Rep. Elise Stefanik for UN ambassador
Former U.S. President and Republican presidential candidate Donald Trump reacts as former U.S. Representative Lee Zeldin speaks at a rally ahead of the New Hampshire primary election in Concord, New Hampshire, U.S. January 19, 2024. Elizabeth Frantz | Reuters President-elect Donald Trump said that he would appoint former Rep. Lee Zeldin of New York as […]
Read More
Mattel pulls thousands of ‘Wicked’ dolls off shelves after printing adult web address on packaging
Still from the film “Wicked” Source: Universal Studios Thousands of Mattel’s “Wicked”-branded fashion dolls are flying off shelves, but not because of consumer demand. The toy company has been forced to pull its line of character dolls after a package misprint. Instead of listing the website for Universal’s “Wicked” movie, boxes featured a link to […]
Read More
Who Trump picks to fight his trade battles is apparently important to financial markets
Chatter that President-elect Donald Trump could appoint former U.S. Trade Representative Robert Lighthizer to oversee trade policy is moving markets, from the dollar on currency exchanges to stocks that would be sensitive to tariffs. During Trump’s first term as president, Lighthizer was central to his protectionist policy and was in the U.S. trade representative role […]
Read More
Stocks making the biggest moves midday: AbbVie, Tesla, Cigna, Morgan Stanley and more
Check out the companies making headlines in midday trading. Tesla — The electric vehicle stock popped 7% to build on last week’s 29% gain as investors bet that a Trump administration would fare well for the company and CEO Elon Musk. AbbVie — Shares tumbled 12% after the pharmaceutical company said its experimental schizophrenia drug […]
Read More
What’s behind Salesforce’s record highs — plus, a possible stock to buy after this week’s earnings
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. The S & P 500 edged higher Monday, extending Friday’s postelection all-time highs. The tech-heavy Nasdaq was basically flat. Club chip names Advanced Micro Devices , Broadcom , and […]
Read More