Month: January 2025
YouTube donating $15 million in LA wildfire relief, support for creators days before TikTok ban
Charred remains of buildings are pictured following the Palisades Fire in the Pacific Palisades neighborhood in Los Angeles, California, U.S. Jan. 15, 2025. Mike Blake | Reuters Google and YouTube will donate $15 million to support the Los Angeles community and content creators impacted by wildfires, YouTube CEO Neal Mohan announced in a blog post […]
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Stocks pop on cool inflation, hot bank earnings — plus, new rules on biotech exports to China
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Wall Street surged Wednesday thanks to the second encouraging inflation report this week and a batch of strong bank earnings. The consumer price index, excluding […]
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Citibank customers report fraud alerts and account access issues
In this article C Follow your favorite stocksCREATE FREE ACCOUNT A Citibank branch in New York, US, on Sunday, Jan. 12, 2025. Michael Nagle | Bloomberg | Getty Images Numerous Citibank customers reported receiving fraud alerts and difficulties accessing their accounts Wednesday. According to DownDetector.com, which tracks reports of digital services interruptions, hundreds of Citibank users […]
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FTC sues Deere, alleging equipment repair ‘monopoly’ raises costs for farmers
John Deere booth signage is displayed at CES 2023 at the Las Vegas Convention Center on January 6, 2023 in Las Vegas, Nevada. David Becker | Getty Images The Federal Trade Commission has sued agricultural equipment giant Deere & Company, arguing it holds a monopoly on repair services that raises costs and creates delays for […]
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Saudi Arabia vows to be ‘fast and furious’ in mining as it reveals $100 billion investment
Saudi Energy Minister Abdulaziz bin Salman speaks during the annual Future Investment Initiative (FII) conference in Riyadh on October 29, 2024. Fayez Nureldine | Afp | Getty Images RIYADH, Saudi Arabia — Saudi Arabia is pushing ahead to put itself on the global critical minerals map, announcing a number of deals, investment plans and discoveries […]
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Stocks making the biggest moves midday: IonQ, Wells Fargo, Citigroup and more
Check out the companies making headlines in midday trading. Quantum stocks – Quantum computing stocks gained after Microsoft unveiled its quantum-ready plan aimed at preparing businesses for the rise of quantum computers. Nvidia also announced a quantum day at its annual GTC conference. Rigetti Computing rallied more than 18%, while D-Wave Quantum surged nearly 20%. […]
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TikTok’s U.S. operations could be worth as much as $50 billion if ByteDance decides to sell
Jakub Porzycki | Nurphoto | Getty Images Business moguls like Elon Musk should be prepared to spend tens of billions of dollars for TikTok’s U.S. operations should parent company ByteDance decide to sell. TikTok is staring at a potential ban in the U.S. if the Supreme Court decides to uphold a national security law in […]
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Here’s the inflation breakdown for December 2024 — in one chart
Key Points The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December. That’s up from 2.7% in November. Energy, food, new and used vehicles, car insurance and airline fares were among the contributors to the increase. There was some good news: “Core” CPI saw disinflation, as did shelter prices. Source
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How to know if this market comeback is for real, according to the charts
A major stock market theme in December was sub-par market internals. In fact, more S & P 500 stocks declined vs. advanced every session of the first 14 trading days of the month. That’s an extremely long bearish streak. Despite that, the behemoth growth names continued to advance. And given that the S & P 500 […]
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Israel-Hamas agree to ceasefire and hostage deal, NBC News says
Palestinians gather on the rubble of a house destroyed in an Israeli strike at the Nuseirat refugee camp in the central Gaza Strip on November 12, 2024, amid the ongoing war between Israel and Hamas. Majdi Fathi | Nurphoto | Getty Images A ceasefire and hostage deal between Israel and Hamas has been reached, NBC […]
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