Month: November 2024
Trump’s victory spells doom for his criminal cases — but he’s not off the hook for $570 million in civil fines
Republican presidential nominee and former U.S. President Donald Trump takes the stage following early results from the 2024 U.S. presidential election in Palm Beach County Convention Center, in West Palm Beach, Florida, U.S., November 6, 2024. Callaghan O’hare | Reuters President-elect Donald Trump’s 2024 presidential campaign was stalked by the persistent threat that if he […]
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Qualcomm pops 10% on chipmaker’s earnings and revenue beat
Qualcomm CEO Cristiano Amon speaks at the Computex forum in Taipei, Taiwan, June 3, 2024. Ann Wang | Reuters Qualcomm reported fourth-quarter earnings on Wednesday that beat Wall Street expectations for earnings and revenue, and the company guided to a strong December quarter. The shares rose 10% in extended trading. Here’s how the company did […]
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E.l.f. shares soar as cosmetics retailer raises guidance after posting 40% sales gain
e.l.f Beauty power grip primer. Courtesy: e.l.f Beauty E.l.f. Beauty raised its full-year guidance on Wednesday after posting a 40% growth in sales. Shares of the company rose nearly 20% in after-hours trading. The cosmetics retailer’s earnings came in well ahead of expectations on the top and bottom lines and it now expects sales to […]
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Coinbase CEO Brian Armstrong is more than $2 billion richer after post-election stock pop
Brian Armstrong, co-founder and chief executive officer of Coinbase Inc., speaks during the Singapore Fintech Festival, in Singapore, on Friday, Nov. 4, 2022. Bryan van der Beek | Bloomberg | Getty Images Election Day proved hugely successful for the crypto industry. Nobody was a bigger winner than Coinbase CEO Brian Armstrong. Coinbase shares soared 31% […]
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Trump’s proposed tariffs could raise prices for consumers and slow spending
Shoppers walk through the Fashion Centre at Pentagon City, a shopping mall in Arlington, Virginia, February 2, 2024. Saul Loeb | Afp | Getty Images For retailers and consumers finally feeling some relief from inflation, President-elect Donald Trump’s tariffs proposal introduces fresh uncertainty around how prices could change during his presidency, analysts said Wednesday. Trump, […]
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Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio
A view of the Jeep Plant where United Auto Workers members are picketing on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty Images DETROIT — Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio. The company, which has been […]
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The big Trump losers: These stocks could have an overhang for a while
Stocks may be in rally mode after former President Donald Trump’s election victory, but not every sector is poised to get a lift. The major averages rallied to new highs Wednesday as NBC News projected a defeat of Trump’s rival, Vice President Kamala Harris . The Dow Jones Industrial Average surged more than 1,300 points, […]
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German Chancellor Olaf Scholz fires Finance Minister Christian Lindner, leaving ruling coalition in disarray
German Chancellor Olaf Scholz and Finance Minister Christian Lindner in the Bundestag on June 26, 2024 in Berlin, Germany. Michele Tantussi | Getty Images News | Getty Images Chancellor Olaf Scholz announced Wednesday he had dismissed Finance Minister Christian Lindner, possibly bringing an end to Germany’s ruling coalition after months of political wrangling. The three-year-old […]
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Foreign automaker stocks slide on Trump tariff fears
Republican presidential nominee and former U.S. President Donald Trump speaks during a campaign town hall meeting, moderated by Arkansas Governor Sarah Huckabee Sanders, in Flint, Michigan, U.S., September 17, 2024. Brian Snyder | Reuters DETROIT — Stock prices of foreign automakers, including Chinese and German manufacturers, fell sharply on Wednesday amid concerns the U.S. will […]
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Global ETFs slide as investors see Trump tariff policies hurting trade
A balcony above a trading floor inside the Euronext NV stock exchange in Paris, France, on Monday, March 13, 2023. Nathan Laine | Bloomberg | Getty Images U.S.-listed funds tracking global stocks largely pulled back in Wednesday’s session as investors considered Donald Trump’s victory harmful to international equities. Closely followed exchange-traded funds from iShares tracking […]
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