Donald Trump
Elon Musk endorses Trump’s transition co-chair Howard Lutnick for Treasury secretary
Elon Musk at the tenth Breakthrough Prize ceremony held at the Academy Museum of Motion Pictures on April 13, 2024 in Los Angeles, California. The Hollywood Reporter | The Hollywood Reporter | Getty Images On Saturday, Elon Musk shared who he is endorsing for Treasury secretary on X, a cabinet position President-elect Donald Trump has yet […]
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How to protect your portfolio against risks tied to President-elect Trump’s tariff agenda
Money manager John Davi is positioning for challenges tied to President-elect Donald Trump’s tariff agenda. Davi said he worries the new administration’s policies could be “very inflationary,” so he thinks it is important to choose investments carefully. “Small-cap industrials make more sense than large-cap industrials,” the Astoria Portfolio Advisors CEO told CNBC’s “ETF Edge” this […]
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Ole Andreas Halvorsen’s Viking Global opened stakes in two turnaround stories in the third quarter
Ole Andreas Halvorsen’s Viking Global bought into two big, second-half turnaround stories in the third quarter. The Norwegian-American billionaire’s hedge fund opened positions in Starbucks and Tesla sometime during the three months ended Sept. 30, the latest regulatory filing shows. Those bets — worth more than $100 million each — appear to be paying off […]
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What Trump’s proposed China tariffs could mean for Apple’s profits
President-elect Donald Trump’s proposed tariff strategy could spell bad news for the tech hardware market, but Tim Cook’s Apple might not feel as much of the pain. On the campaign trail, the former president vowed to impose a universal tariff of between 10% and 20% on all imported goods and at least a 60% tariff […]
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Space stocks saw big gains this week in part due to ‘Trump-Elon trade’ rally, analysts say
A hot fire test of an Archimedes engine, which powers the company’s Neutron rocket. Rocket Lab This past week saw several pure-play space stocks rally, with leaders up as much as 20% or more, in part driven by what sector analysts said is a “Trump-Elon trade,” a nod to the relationship between President-elect Donald Trump […]
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Wall Street looks for Nvidia to take the baton from election trades to keep rally alive in the week ahead
What exactly President-elect Donald Trump’s second term means for the stock market will be the question investors continue to grapple with in the week ahead. Nvidia earnings results will also be on deck as investors deal with stubbornly high interest rates as well. The postelection rally took a pause this week, with all three major averages […]
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Palantir jumps 9% to a record after announcing move to Nasdaq
Alex Karp, CEO of Palantir Technologies speaks during the Digital X event on September 07, 2021 in Cologne, Germany. Andreas Rentz | Getty Images Palantir shares continued their torrid run on Friday, soaring as much as 9% to a record, after the developer of software for the military announced plans to transfer its listing to […]
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Major Trump Media shareholder ARC Global unloads nearly all DJT stock
Omar Marques | Lightrocket | Getty Images One of the top shareholders of President-elect Donald Trump’s media company has unloaded nearly his entire stake, a regulatory filing showed. The Thursday night disclosure to the U.S. Securities and Exchange Commission showed that financial firm ARC Global Investments II and its manager, Patrick Orlando, no longer own […]
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Trump Defense pick Hegseth investigated in 2017 for alleged sex assault; no charges filed
Pete Hegseth, host of Fox & Friends, at the National Council of Young Israel Gala in New York City. Michael Brochstein | SOPA Images | Lightrocket | Getty Images Police in California investigated Fox News host Pete Hegseth — who was picked this week by President-elect Donald Trump to be the next Defense Department secretary […]
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Democratic senators call for probe into Musk’s Russia calls: Reuters
Elon Musk wears a black “Make America Great Again” cap while attending a campaign rally with Republican presidential nominee and former President Donald Trump at the Butler Farm Show fairgrounds in Butler, Pennsylvania, on Oct. 5, 2024 (L), and Russian President and presidential candidate Vladimir Putin visits his campaign headquarters in Moscow on March 18, […]
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