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These 6 portfolio names pledged big U.S. investments since Trump took office again
Many of the biggest U.S. companies have pledged to invest trillions of dollars in the United States since President Donald Trump started his second term — including six names in our portfolio. These moves are aimed at aligning companies with the president’s vision for a new global trade order designed to bring manufacturing jobs back […]
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Trump trade tariffs slump widens to ‘nearly all U.S. exports,’ supply chain data shows
An empty container ship of COSCO Shipping sails to a container terminal in Qingdao in east China’s Shandong province Wednesday, April 16, 2025. Feature China | Future Publishing | Getty Images What began as a rapid drop in U.S. imports as shippers cut orders from manufacturing partners around the world has now extended into a […]
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New York is still the richest wealth hub. Here’s which cities are gaining ground
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Despite the recurring narrative of wealth flight, New York City is still the world’s richest city, and it’s gotten […]
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From sneakers to luxury handbags, hotels are providing more so you can pack less
Many people love to travel. But few like to pack. But travelers are getting help from an unlikely source — hotels. “Hotels [are] making it easier for guests to jump into their favorite activities without packing or planning in advance,” said Henley Vazquez, founder of the New York-based travel agency Fora. Some hotels have been […]
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Apple to open AI server factory in Texas as part of $500 billion U.S. investment
Tim Cook, chief executive officer of Apple Inc., greets customers during the first day of in-store sales of Apple’s latest products at Apple’s Fifth Avenue store in New York, US, on Friday, Sept. 20, 2024. Victor J. Blue | Bloomberg | Getty Images Apple plans to open a new factory for artificial intelligence servers in […]
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Trump headlines Madison Square Garden rally after vulgar, racist remarks from allies
Republican presidential nominee and former U.S. President Donald Trump speaks during a rally at Madison Square Garden, in New York, U.S., October 27, 2024. Andrew Kelly | Reuters Republican presidential candidate Donald Trump headlined a rally at New York’s Madison Square Garden on Sunday that began with a series of vulgar and racist remarks by allies of the former president. Trump, a New York celebrity for decades, hoped to use the […]
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East and Gulf Coast ports strike, with ILA longshoremen walking off job from New England to Texas, stranding billions in trade
Shipping containers sit stacked in the Port of Newark on September 30, 2024 seen from New York City. A massive strike shutting down ports across the East and Gulf coasts began at midnight as members of the International Longshoremen’s Association continue to make salary and other demands to the United States Maritime Alliance, which controls […]
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East Coast port strike: Truckers, rails scramble to move billions in cargo before ILA union midnight shutdown
Shipping containers stacked at a storage yard outside of the APM Terminals yard at the Port of Mobile in Mobile, Alabama, US, on Saturday, Sept. 28, 2024. Micah Green | Bloomberg | Getty Images With a potential strike at ports up and down the East Coast and along the Gulf Coast set to begin after […]
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CrowdStrike IT outage hits global supply chain, with air freight facing days or weeks to recover
Picture Alliance | Picture Alliance | Getty Images The CrowdStrike software bug that crashed Microsoft operating systems and caused the largest IT outage in history caused disruptions at U.S. and global ports, with highly complex air freight systems suffering the heaviest hit, according to logistics experts, as global airlines grounded flights. “Planes and cargo are […]
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Previous BP exec’s ex-spouse gets jail for insider trading following eavesdropping on her phone calls
Sam Edwards | Getty Pictures The ex-husband of a former BP mergers and acquisitions manager was sentenced to two yrs in federal prison for insider trading that netted him $1.76 million after he eavesdropped on her function phone calls about the oil giant acquiring another company. The ex-spouse, Tyler Loudon, also was sentenced to 1 […]
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