Month: November 2024
Stocks making the biggest moves premarket: Trump Media, Talen, Nvidia, Apple and more
Check out the companies making headlines before the bell. Talen Energy – The independent power company tumbled more than 8% after the Federal Energy Regulatory Commission rejected a request to increase the amount of power the Susquehanna nuclear plant can dispatch to an Amazon data center campus. Talen owns the nuclear plant and sold the […]
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Retailers brace for DEI blowback in lead-up to election, holiday shopping season
A sign disparaging Bud Light beer is seen along a country road on April 21, 2023 in Arco, Idaho. Anheuser-Busch, the brewer of Bud Light has faced backlash after the company sponsored two Instagram posts from a transgender woman. Natalie Behring | Getty Images Retailers are facing a tough equation as they head into the […]
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AppLovin’s 300% surge in 2024 leaves ad-tech company with big expectations for earnings
While Nvidia’s spectacular surge remains the biggest story in the technology industry, the AI chipmaker’s performance on the market has been dwarfed this year by a digital advertising company with a specialty in gaming. AppLovin has soared 310% in 2024, beating every U.S. tech company with a market cap of at least $5 billion, according […]
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Top Wall Street execs are getting skeptical on the Fed’s easing path
A trader works as a screen displays the Fed rate announcement, on the floor of the New York Stock Exchange on June 12, 2024. Brendan McDermid | Reuters RIYADH, Saudi Arabia — Major Wall Street CEOs see ongoing inflation pressures in the U.S. economy and aren’t convinced that the Federal Reserve will continue its rate-easing […]
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Striking Boeing machinists vote on union-backed contract proposal, this time with a warning
Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing strike in Renton, Washington, U.S. October 23, 2024. David Ryder | Reuters Boeing‘s more than […]
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‘Too much doom and gloom’: OPEC chief is bullish on oil demand despite extended production cuts
The head of oil producer alliance OPEC brushed off forecasts of dwindling crude demand in the coming year, saying there was too much pessimism in the market — despite the group extending production cuts just one day prior in an attempt to shore up prices amid subdued global consumption. “Well, for OPEC, we have demand […]
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Election 2024 live updates: Harris and Trump make last appeals to battleground voters
Harris to barnstorm Pennsylvania on the final day of campaigning Democratic presidential nominee and U.S. Vice President Kamala Harris attends a campaign rally, in Erie, Pennsylvania, U.S., October 14, 2024. Evelyn Hockstein | Reuters Harris will spend her final day on the campaign trail holding rallies across Pennsylvania, a must-win battleground state that both Republican […]
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Ambani’s Reliance Jio IPO set for 2025, retail debut much later, sources say
Mukesh D. Ambani, chairman of Reliance Industries Ltd., attends the Ajay Mushran Memorial Lecture in New Delhi, India, on Sunday, July 10, 2011. Pankaj Nangia | Bloomberg | Getty Images Indian billionaire Mukesh Ambani targets a 2025 Mumbai listing for his telecom business Jio, valued by analysts at over $100 billion, and plans to launch […]
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SK Hynix rallies 6.5% after Nvidia boss Jensen Huang asks firm to expedite next-generation chip
Chey Tae-won, chairman of SK Group, during the SK AI Summit in Seoul, South Korea, on Monday, Nov. 4, 2024. SK Hynix is working with Nvidia to resolve the supply bottleneck, Chey said. Jean Chung | Bloomberg | Getty Images Shares of SK Hynix rallied 6.5% on Monday after the business announced a next-generation memory chip […]
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Singapore Airlines will add first class, revamp cabins for longest flights
Singapore Airlines ranked as the No. 2 international airline, according to the Bounce 2023 report. Nurphoto | Nurphoto | Getty Images Singapore Airlines is planning to add a four-seat first class to the Airbus aircraft it uses for its longest routes, a bet to attract high-spending travelers to flights that can top 17 hours. The […]
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