World
South Korea export growth rebounds in December, but risks loom
A South Korea flag is displayed against skyscrapers and businesses in Gangnam-gu, Seoul. Ann Hermes | Christian Science Monitor | Getty Images South Korea’s exports grew at a faster pace in December, beating market expectations, and ended the year with a record performance, trade data showed on Wednesday, though risks loom in the year ahead. […]
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UBS names 2 renewable stocks with over 55% upside on its watch for 2025
The renewables industry faces an uncertain future, but UBS sees promise in the sector in the year ahead, naming two global stocks with over 55% upside on its watch. The sector came into the spotlight after U.S. President-elect Donald Trump vowed to curtail renewable energy subsidies. “Regarding the U.S. (the single most important market for […]
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U.S. sanctions Russian and Iranian entities over attempted election interference
Voters fill out their ballots at a polling station in New York City on Election Day, November 5, 2024. Leonardo Munoz | Afp | Getty Images The U.S. announced Tuesday that it is leveling sanctions on entities in Iran and Russia over attempted election interference. The Treasury Department said the entities — a subordinate organization […]
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Stock market makes it all the way through 2024 without a major correction
The final session of 2024 is here and it will mark the end of a remarkably smooth year for Wall Street. The S & P 500 has rallied more than 23% for the year, hitting record highs along the way. The Dow Jones Industrial Average and Nasdaq Composite also soared to record levels, as a […]
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Berkshire Hathaway buys more of internet value play in the last few sessions of 2024
Warren Buffett’s Berkshire Hathaway spent the last few trading days of 2024 buying more of an internet company whose shares are trading near their cheapest level in seven years. The conglomerate bought 76,487 shares of Verisign via transactions on Thursday, Friday and Monday for $15.6 million, according to a regulatory filing Monday night. Berkshire now […]
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‘Magnificent 7’ stocks responsible for more than half of the S&P 500’s 2024 gain
Despite an attempt to broaden away from megacap tech, Wall Street remains reliant on those names. The S & P 500 climbed around 23% between the start of 2024 and Dec. 19. Bespoke Investment Group found that the “Magnificent 7” — a group that includes high fliers such as Nvidia , Microsoft , Apple and […]
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Nearly all of Puerto Rico is without power on New Year’s Eve
Joggers exercise on a dark street in San Juan, Puerto Rico after a major power outage hit the island on December 31, 2024. Ricardo Arduengo | AFP | Getty Images A blackout hit nearly all of Puerto Rico early Tuesday as the U.S. territory prepared to celebrate New Year’s Eve. More than 1.2 million out […]
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Alibaba slashes prices on large language models by up to 85% as China AI rivalry heats up
The World Artificial Intelligence Conference in Shanghai in July 2023. Aly Song | Reuters Alibaba is cutting prices on its large language models by up to 85%, the Chinese tech giant announced Tuesday. The Hangzhou-based e-commerce firm’s cloud computing division, Alibaba Cloud, said in a WeChat post that it’s offering the price cuts on its […]
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NYC congestion pricing set to start as planned Sunday after ruling in final lawsuit
Cars pass under toll machines on Broadway Avenue in the Manhattan borough of New York City on November 14, 2024. Charly Triballeau | AFP | Getty Images With just days to go before the nation’s first congestion toll begins in New York City, the pricing plan may have passed its final hurdle in a ruling from a […]
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European markets expected to see muted open ahead of the New Year holiday
European markets are expected to open flat to lower Tuesday ahead of the New Year holiday. London’s FTSE 100 index is expected to open 20 points lower at 8,100 and France’s CAC 40 is seen opening 5 points lower at 7,309. Both bourses will be closing early today. Markets in Germany and Italy are shut […]
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