Month: December 2024
The market is giving an opportunity to buy one of the best performing stocks ever, says Carter Worth
Automotive replacement parts and accessories retailer AutoZone (AZO) , one the single best performing stocks in the world since its IPO 33 years ago in 1991, has been range bound the past 9 months, substantially underperforming its sector (consumer discretionary) and underperforming the market. The opportunity here and now, by our work, is to buy […]
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Trump may cancel U.S. Postal Service electric mail truck contract: Reuters sources
The United States Postal Service unveils two of its battery-powered vehicles at an event announcing its plan on implementing electric vehicles, at the Postal Service Headquarters on December 20, 2022 in Washington, DC. Kevin Dietsch | Getty Images Donald Trump’s transition team is considering canceling the United States Postal Service’s contracts to electrify its delivery […]
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DOGE’s Musk, Ramaswamy want Congress to pass huge spending cuts. That’s a tough sell
WASHINGTON, D.C. — Entrepreneurs Elon Musk and Vivek Ramaswamy have an ambitious agenda to cut federal spending with the help of their outside advisory council, the Department of Government Efficiency (DOGE). But on their first joint visit to Congress on Thursday, the pair also likely saw some of the limits of outside influence on the […]
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CFPB sues Comerica Bank, alleging it failed to administer federal benefits program
A Comerica Bank sign on a building in Walnut Creek, California, March 30, 2023. Smith Collection/gado | Archive Photos | Getty Images The Consumer Financial Protection Bureau filed a complaint Friday against Comerica Bank, accusing the regional bank of failing to administer a federal benefits program that uses prepaid debit cards. The lawsuit claims Comerica […]
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Introducing Converge, where leadership meets innovation
CNBC’s brand-new platform for inspiring growth explores the intersection of investment, innovation, sustainability and leadership with the world’s most influential leaders including Sir Richard Branson, Nile Rodgers and Stella McCartney “CONVERGE” is CNBC’s brand-new platform, which explores growth opportunities at the intersection of investment, innovation, sustainability and leadership with help from the world’s most influential […]
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TikTok divestment law upheld by federal appeals court
A federal appeals court on Friday upheld a law requiring China-based ByteDance to sell TikTok or face an effective ban in the United States. The ruling by the U.S. Court of Appeals in Washington, D.C. rejected TikTok’s argument that the ban, signed into law by President Joe Biden in April, is unconstitutional and violates the […]
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Uber will offer robotaxi rides in Abu Dhabi through partnership with WeRide
Uber and WeRide are partnering to offer robotaxi service in Abu Dhabi. Courtesy Uber Technologies, Inc. Uber is partnering with China’s WeRide to offer autonomous vehicle rides in Abu Dhabi, the companies announced on Friday. To start, each WeRide robotaxi that’s hailed via the Uber app will come with a human driver present “to ensure […]
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WHO sends experts to help Congo diagnose mystery disease
The town of Kavumu where there has been an outbreak of mpox in Kabare territory, South Kivu region, Democratic Republic of Congo, on Tuesday, Sept. 3, 2024. Bloomberg | Bloomberg | Getty Images The World Health Organization said on Friday it is deploying experts to support health authorities in the Democratic Republic of the Congo […]
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OPEC+ oil output delay a ‘reality check’ as group eyes demand, U.S. outlook, Saudi energy min says
The OPEC+ “precautionary” decision to postpone crude production hikes until after the first quarter bides the group time to assess developments in global demand, European growth and the U.S. economy, according to the coalition’s chair, Saudi Energy Minister Abdulaziz bin Salman. On Thursday, the oil producers’ alliance agreed to extend several output cuts, with the […]
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Romanian top court annuls presidential election result
People pass by electoral posters with candidates for the presidential and parliamentary elections in Bucharest on November 22, 2024. Daniel Mihailescu | Afp | Getty Images Romania’s top court annulled the result of the first round of the country’s presidential election on Friday, adding that the entire election process would have to be rerun. The […]
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