Month: January 2025
Trump’s plan for mass deportation could have a big effect on prices
The U.S. saw inflation cool in 2024, but economists warn that President-elect Donald Trump’s plan for the mass deportation of undocumented immigrants could greatly affect prices. “Certainly the economic impacts are going to be felt,” said David J. Bier, the director of immigration studies at the Cato Institute. “There’s going to be supply chain issues. […]
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Behind the stock sell-off and whether the bull market is at risk
It’s really not as simple as saying good news on the economy was treated as bad news on Wall Street. Yes, the S & P 500 shed 1.5% Friday, after December payroll growth of 256,000 was 100,000 above forecasts and the unemployment rate fell a tick to 4.1%. But the mini-market tantrum is less about […]
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AppLovin crushed it in 2024. Where the Street stands as the new year begins
Shares of AppLovin , a mobile advertising technology company, surged in 2024 and many on Wall Street expect the record run to continue in the new year. AppLovin soared 713% last year, the best performance since it went public in the spring of 2021, as the Palo Alto-based company benefited from online advertising and artificial […]
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Bank of America’s best ideas for January include Amazon and these names
There is a bunch of stocks that are well positioned for upside in 2025, according to Bank of America. The firm said that companies like Amazon are just too attractive to ignore right now. CNBC Pro combed through Bank of America research to find buy-rated stocks to own in January and beyond. In addition to […]
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Why Meta had to ‘bend the knee to Trump’ ahead of his inauguration
Jakub Porzycki | Nurphoto | Getty Images Mark Zuckerberg’s announcement this week that Meta would pivot its moderation policies to allow more “free expression” was widely viewed as the company’s latest effort to appease President-elect Donald Trump. More than any of its Silicon Valley peers, Meta has taken numerous public steps to make amends with […]
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UK’s Reeves says she will take action to meet fiscal rules
British Chancellor of the Exchequer Rachel Reeves listens during the 11th China-UK Economic And Financial Dialogue on January 11, 2025 in Beijing, China. Pool | Getty Images News | Getty Images British finance minister Rachel Reeves said on Saturday that she would take action to ensure that the government meets its fiscal rules announced in […]
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Apple’s market share slides in China as iPhone shipments decline, analyst Kuo says
Jaap Arriens | Nurphoto | Getty Images Apple is losing market share in China due to declining iPhone shipments, supply chain analyst Ming-Chi Kuo wrote in a report on Friday. The stock slid 2.4%. “Apple has adopted a cautious stance when discussing 2025 iPhone production plans with key suppliers,” Kuo, an analyst at TF Securities, […]
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Tesla recalling 239,000 vehicles in U.S. over rearview camera failures
New Tesla Model 3 vehicles on a truck at a logistics drop zone in Seattle, Washington, on Aug. 22, 2024. M. Scott Brauer | Bloomberg | Getty Images Tesla is voluntarily recalling about 239,000 of its electric vehicles in the U.S. to fix an issue that can cause its rearview cameras to fail, the company […]
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Fired Disney employee will plead guilty to hacking menus to hide peanut content
File: Guests eat at Great Maple Restaurant at the Pixar Place Hotel at the Disneyland Resort in Anaheim, CA. Paul Bersebach | Medianews Group | Getty Images A former Disney employee agreed to plead guilty in a federal criminal case where he is accused of hacking into menu-creation software for the company’s restaurants, to falsely […]
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Amazon to halt some of its DEI programs: Internal memo
Amazon is halting some of its diversity and inclusion initiatives, joining a growing list of major corporations that have announced similar moves in the face of increasing public and legal scrutiny. In an internal note last month to staffers obtained by CNBC, Candi Castleberry, Amazon’s VP of inclusive experiences and technology, said the company was […]
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