Day: December 13, 2024
Tech companies most threatened by Trump are donating to his inauguration fund
U.S. President-elect Donald Trump smiles at the crowd during the National Guard Association of the United States’ 146th General Conference & Exhibition at Huntington Place Convention Center on Aug. 26, 2024 in Detroit, Michigan. Emily Elconin | Getty Images News | Getty Images Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos have a particularly […]
Read More
Apple and Google instructed by House committee to prepare to dump TikTok next month
A supporter holds up a sign that read “TikTok” during a news conference on TikTok in front of the U.S. Capitol in Washington, D.C., on March 22, 2023. Alex Wong | Getty Images House Committee members are urging the top executives of Apple and Google to be prepared to comply with a law that could […]
Read More
OpenAI says Elon Musk wanted it to be for-profit in 2017
In this photo, the logo of OpenAI is displayed on a mobile phone in front of a computer screen displaying the photographs of Elon Musk and Sam Altman, in Ankara, Turkey, on March 14, 2024. Muhammed Selim Korkutata | Anadolu | Getty Images OpenAI on Friday clapped back against Elon Musk, one of its co-founders, […]
Read More
You don’t need to be a ‘Silicon Valley entrepreneur’ to be rich, financial advisor says. Here’s how to retire a millionaire
Key Points Almost anyone can save $1 million for retirement, according to financial advisors. There have been thousands of new 401(k) plan and individual retirement account millionaires this year, according to Fidelity Investments. Starting early is key, advisors say. This lets investors harness the power of compound interest. Source
Read More
Stocks making the biggest moves midday: Tesla, Broadcom, Upstart, Penn Entertainment, RH and more
Check out the companies making headlines in midday trading. Broadcom — Shares of the semiconductor maker jumped 20% after the company beat fiscal fourth-quarter earnings expectations and posted artificial intelligence revenue that more than tripled for the year, pushing Broadcom’s market cap above $1 trillion for the first time . CEO Hock Tan said Broadcom is […]
Read More
Nancy Pelosi hospitalized after injury in Luxembourg
Nancy Pelosi delivers remarks at the Anti-Corruption Champions Award Ceremony at the Department of State in Washington D.C, United States on December 9, 2024. Celal Gunes | Anadolu | Getty Images Former House Speaker Nancy Pelosi was hospitalized after being injured while traveling with a congressional delegation in Luxembourg, her office said Friday. Pelosi, 84, […]
Read More
From Chili’s to burger chains, here are the restaurant industry winners and losers in 2024
A “location closed” sign hangs in the window of a closed Red Lobster restaurant in Torrance, California on May 14, 2024. Patrick T. Fallon | AFP | Getty Images A rocky year for restaurants separated the industry’s biggest chains into winners and losers, as eateries competed for a smaller pool of customers who have grown […]
Read More
Who got it right and wrong on Wall Street in their 2024 stock market outlook
This year, Wall Street extended its artificial intelligence-powered bull market into a second year, far surpassing the year-end forecasts made by top strategists. In fact, all of them turned out to be very wrong. Original 2024 outlooks for the S & P 500 ranged from a low of just 4,200 at JPMorgan by Dubravko Lakos-Bujas, […]
Read More
Broadcom stock jumps 21%, pushing company past $1 trillion market cap for the first time
A sign is posted in front of a Broadcom office in San Jose, California, on Dec. 12, 2024. Justin Sullivan | Getty Images Shares of Broadcom popped more than 21% Friday morning, pushing the company’s market cap beyond $1 trillion for the first time. It will be Broadcom’s best trading day on record if the move […]
Read More
McKinsey & Co. to pay $650 million to settle opioid consulting probe, ex-partner to plead guilty
The McKinsey & Company logo is displayed at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 21, 2023. Benoit Tessier | Reuters McKinsey & Co. agreed to pay $650 million in a deferred prosecution agreement that will resolve a federal criminal probe into the company’s consulting work advising Purdue Pharma […]
Read More