Month: January 2025
The chip stocks that will benefit the most if funding for Trump’s AI project Stargate comes through
Several semiconductor makers should reap the biggest rewards from President Donald Trump’s Stargate artificial intelligence initiative, tech analysts say. The project — a $500-billion joint venture backed by Oracle , OpenAI and SoftBank — aims to build up AI infrastructure in the U.S. over the next four years. Many on Wall Street expect the project […]
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These are the most overbought stocks on Wall Street as the S&P 500 trades at record highs
Although the S & P 500 managed to touch a new all-time high this week, there are signs that certain stocks could be due for a pullback. The broad market index rose to fresh record highs this week on Thursday, gaining around 2% in that time. That marked the first consecutive weekly advance for the […]
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Goldman says these stocks are table-pounding buys ahead of earnings
Goldman Sachs unveiled a slew of buy-rated stocks with major upside ahead of earnings. The firm said it likes companies with room for growth and attractive valuations. CNBC Pro combed through Goldman Sachs’ research to find stocks worth snapping up going into quarterly results. They include Monster Beverage , Uber Technologies, IBM and Bill.com. Uber […]
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UK’s WH Smith says it is exploring potential sale of high street arm
Pedestrians wearing a face mask or covering due to the COVID-19 pandemic, walk past a WH Smith store in London on August 5, 2020, following the announcement the retailer could cut 1500 jobs, and close up to 14 stores. – WH Smith said on Wednesday that it is planning to cut up to 1,500 jobs, […]
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Hamas set to release four Israeli soldier hostages in second swap
Palestinian Hamas militants gather during a handover of hostages kidnapped during the Oct. 7, 2023, attack on Israel by Hamas, to members of the International Committee of the Red Cross as part of a ceasefire and a hostages-prisoners swap deal between Hamas and Israel, in Gaza City, on Jan. 19, 2025. Dawoud Abu Alkas | […]
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State Department freezes new funding for nearly all US aid programs worldwide
U.S. Senator Marco Rubio, U.S. President-elect Donald Trump’s nominee to be secretary of state, looks on, on the day he testifies during a Senate Foreign Relations Committee confirmation hearing on Capitol Hill in Washington, U.S., January 15, 2025. Nathan Howard | Reuters The State Department ordered a sweeping freeze Friday on new funding for almost […]
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Senate is preparing to confirm Hegseth as defense secretary in late evening vote
The Senate was struggling to muscle Pete Hegseth’s nomination as defense secretary toward confirmation ahead of a vote late Friday, prioritizing his vow to create a “warrior culture” at the Pentagon over allegations of heavy drinking and aggressive behavior toward women. With votes expected in the evening, the Republican-led Senate was determined to install Hegseth, a former Fox News […]
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JetBlue offers some pilots early retirement packages, union says
A passenger arrives at Ronald Reagan Washington National Airport on November 21, 2023 in Arlington, Virginia. Alex Wong | Getty Images JetBlue Airways is offering early retirement packages to some of its pilots, their labor union told members on Friday. The carrier has been working to cut costs and raise up revenue with initiatives such […]
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Trump third-term amendment ‘impossibly difficult’ to pass, Harvard Law professor says
U.S. President Donald Trump speaks to journalists as he signs executive orders in the Oval Office of the White House in Washington, D.C., on Jan. 20, 2025. Jim Watson | AFP | Getty Images A newly introduced constitutional amendment that would allow President Donald Trump to be elected to a third term in the White […]
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Venture Global closes below IPO price in disappointing debut despite Trump’s support of LNG industry
Natural gas exporter Venture Global shares fell 4% in its first day of trading, as the company looked to test investor appetite for energy stocks amid the Trump administration efforts to implement a sweeping agenda aimed at boosting oil and gas production. “The Trump administration has made very clear they support growing LNG exports,” Venture […]
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