Month: December 2024
Budget deficit swells in November, pushing fiscal 2025 shortfall 64% higher than a year ago
The US Treasury building in Washington, DC, US, on Tuesday, Aug. 15, 2023. Nathan Howard | Bloomberg | Getty Images The U.S. budget deficit swelled in November, putting fiscal 2025 already at a much faster pace than a year ago when the shortfall topped $1.8 trillion, the Treasury Department reported Wednesday. For the month, the […]
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Murder suspect Luigi Mangione’s notebook called ‘wack’ of CEO ‘targeted, precise’
A notebook found with Luigi Mangione contains a description of killing a CEO that matches details of his alleged murder of UnitedHealthcare’s CEO in New York last week, NBC News reported Wednesday. “What do you do?” a section of the notebook says. “You wack the CEO at the annual parasitic bean-counter convention,” the notebook says. […]
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The new hottest trade on Wall Street: Quantum computing stocks
Investors looking for the next big technology trend may want to keep an eye on quantum computing stocks. The group skyrocketed Tuesday after Google announced Willow , a chip it said “can reduce errors exponentially as we scale up using more qubits” and performed better than its 2019 predecessor. A qubit, or quantum bit, is […]
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Nike renews its contract with the NFL after league briefly courted other bidders
Nike football shoes are seen in a store in Krakow, Poland, on Aug. 29, 2024. Jakub Porzycki | Nurphoto | Getty Images Nike has renewed its partnership with the National Football League for another 10 years after the league briefly opened the bidding process to competitors and held talks with other companies. Under the terms […]
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Health care stocks fall as lawmakers, patients push for changes to their business models
UnitedHealth Group signage is displayed on a monitor on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Shares of major health-care companies fell as much as 5% on Wednesday as investors feared pressure from lawmakers and patients could force changes to their business models. The declining stocks include […]
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Deutsche Bank’s 4 chip stocks to own in 2025
Deutsche Bank is laying out its top semiconductor picks for 2025 as the sector helps power major stock market averages to new highs. Artificial intelligence mainstays such as Nvidia have taken center stage since the launch of ChatGPT in late 2022. But with the dominant maker of artificial intelligence chips up more than 180% this […]
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Stocks making the biggest moves midday: Broadcom, GE Vernova, Stitch Fix, GameStop and more
Check out the companies making headlines in midday trading: Broadcom — Shares added 5% following a report from The Information that the semiconductor manufacturer was assisting Apple in creating an artificial intelligence chip. Shares of Apple traded less than 1% higher. C3.ai — The enterprise artificial intelligence software company shed 7.2% following a downgrade to […]
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Buoyed by Trump, U.S. dealers are optimistic on everything except electric vehicles sales
Alex Tovstanovsky, owner of used-car dealer Prestige Motor Works, checks on inventory with his general manager Ryan Caton in Naperville, Illinois, May 28, 2020. Nick Carey | Reuters DETROIT — There’s a “renewed optimism” among U.S. car dealers heading into 2025, fueled by President-elect Donald Trump’s return to the White House as well as positive […]
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Tesla shares climb to record, boosted by 64% pop since Trump election victory
U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, on Nov. 19, 2024. Brandon Bell | Via Reuters Tesla shares jumped to an all-time high on Wednesday, surpassing their prior record reached in 2021, sparked by a post-election rally and Wall […]
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Here’s the inflation breakdown for November 2024 — in one chart
Key Points The consumer price index increased 2.7% in November 2024 from a year earlier, according to the Bureau of Labor Statistics. Inflation is not accelerating, but remains persistently too high, economists said. Inflation for groceries, gasoline and new vehicles increased. The good news is underlying trends still appear positive and disinflation is likely to […]
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