DIRS.INFO The most relevant business & tech news

☆ More investors are turning toward the equal-weighted S&P 500 ahead of 2025
▼ + stars: | 2024-12-03 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

It's time to buy into the equal-weighted S & P 500 index. "So it's more, like I said, more of a Russell and S & P Equal Weight." RSP YTD mountain Invesco S & P 500 Equal Weight ETF Much of this year's advance has to do with the so-called Magnificent Seven stocks, which bolstered the market-cap weighted S & P 500 with their enormous size and influence. The S & P 500 is higher by more than 26% in 2024, and it surged about 24% in 2023 — a historically strong pace of gains many strategists are not expecting will repeat in 2025. The Invesco S & P 500 Equal Weight ETF (RSP) is one way for investors to play the trend, and the fund has captured nearly $4.4 billion in inflows in the past month, according to FactSet.

Persons: Jason Hunter, Russell, Savita Subramanian Organizations: JPMorgan, RSP, Nvidia, Apple, Bank of

☆ Bank of America's 2025 forecast is rosy but has some caveats. Here's its outlook for inflation, GDP, and rate cuts.
▼ + stars: | 2024-12-03 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

Interest rate cuts are expected in December, March, and June, reaching a 3.75% to 4% terminal rate. Things are looking up for the economy next year, according to Bank of America's forecast for 2025. AdvertisementRegarding interest rate cuts, the bank expects three more for this cycle in December, March, and June. "In terms of the structural tailwinds, the key story really is productivity," Bhave said. We're now on a faster trend for growth rate since the start of the pandemic than we were in the previous cycle, which is really quite remarkable."

Persons: they're, Aditya Bhave, Bhave, We're Organizations: Bank of America, Productivity, Bank of, PCE, Fed Locations: China

☆ Australian Real-Estate Auctions May Help American Homebuyers, Sellers
▼ + stars: | 2024-12-03 | by ( James Rodriguez | ) www.businessinsider.com time to read: +14 min

For roughly a decade after that first auction, he continued to broker deals the conventional way — for American sellers, Aussie-style auctions were a tough sell. Real-estate auctions are a time-honored tradition in Australia, dating back more than 200 years to its days as a British colony. But in times of healthy demand for homes, auctions can deliver benefits for sellers looking to ride out the frenzy. "I don't think the American consumer is ready for auctions yet," says Rob Hahn, the CEO of Decentre Labs, a company he started in 2022 to bring online real-estate auctions to the masses. The biggest beneficiaries, Duby tells me, may just be real-estate agents: When buyers and sellers are shuffled through this murky process, they'll look for a professional guide.

Persons: Evan Duby, Duby, Sellers, haven't, Kenneth Lusht, they've, Tim Quirk, Quirk, — Quirk, Mike Russo, —, Rob Hahn, Hahn Organizations: nab, eBay, Pennsylvania State University, Auction.com, Decentre Labs Locations: Brooklyn, Australia, Melbourne, British, New South Wales, Victoria, Massachusetts, Bethesda , Maryland, American, States

Ilona Maher, America's biggest rugby star and "Dancing With the Stars" runner-up, has waltzed herself over to the United Kingdom to play for the Bristol Bears. Maher announced the move on her TikTok account Monday after months of speculation as to whether she might join the Premiership Women's Rugby league. The U.S. women's team won bronze at the 2024 Olympics, the furthest the team has ever gotten at the Games. Eric McCandless / Disney"I think I'm also doing it again to show that rugby players are so multidimensional," Maher told ABC's "Good Morning America" in September. The Premiership Women’s Rugby league is also going to be a slight change in format for what many are used to seeing Maher play in.

Persons: Ilona Maher, America's, Maher, Alan Bersten, Eric McCandless, I'm, ABC's, she's, Bersten, Maher's Organizations: Bristol Bears, Premiership Women's Rugby, Bristol, Gloucester, Rugby, Tokyo, Tokyo Games, U.S, Paris Games, women's, Games, Disney, Bears, Women’s Rugby, Olympics Locations: United Kingdom, Los Angeles, London, England, U.S

☆ Middle-manager roles disappearing further complicates the ongoing retirement crisis
▼ + stars: | 2024-12-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, Corporate America doesn't seem interested in bringing back the middle managers it's spent the past few years kicking out. The big storyMiddle managers' new realityiStock; Rebecca Zisser/BIMissing: Open positions for middle managers. Their strategy includes only keeping the minimum number of staffers needed for departments to function effectively, which might spell more trouble for middle managers. PeopleImages/Getty ImagesIn the meantime, recovering middle managers are left fighting for anything they can get. The downsides of fewer middle managers — burnt-out supervisors, fewer mentors for young employees — are already coming to light.

Persons: we've, doesn't, it's, Rebecca Zisser, Insider's Aki Ito, Data Aki, — Aki, Elon Musk, Vivek Ramaswamy, That's, Aki, —, Michael Raines, Jenny Chang, Rodriguez, isn't, Ross Gerber, Donald Trump, Gerber, Adam Turnquist, LPL, Mario Tama, Musk, Jim Farley, didn't, hadn't, Anuj Shrestha, Roy, Ryan Seiders, Carlos Tavares, Jill Biden, Dan DeFrancesco, Grace Lett, Ella Hopkins, Spriha Srivastava, Jack Sommers, Amanda Yen, Milan Sehmbi Organizations: Business, Revelio, Companies, Department of Government, Rosenberg Research, Elon, Getty, Netflix, EV, National Association of Realtors, Chrysler, Maserati Locations: Tesla, Washington, China, New York, Chicago, London

☆ BofA’s Savita Subramanian: Buy stocks, not the S&P 500 index
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBofA’s Savita Subramanian: Buy stocks, not the S&P 500 indexBank of America's Savita Subramanian joins the 'Fast Money' traders to talk her investing playbook.

Persons: America's Savita Subramanian Organizations: America's

☆ Reed Hastings is using Netflix's divisive management principle at his newest project: one of North America's biggest ski resorts
▼ + stars: | 2024-12-02 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

AdvertisementReed Hastings is applying a Netflix management technique to his latest venture: a Utah ski resort. And he's using some of his signature management philosophies with Powder Mountain, chiefly the "keeper test" and high compensation. "The 'Keeper Test' is: If someone was going to quit, would you work hard to keep them to change their mind?" Over in Utah, Hastings is remaking a ski resort about 80 miles north of Park City. Part of the ski resort, which has been around since the 1970s, was closed off to the public in favor of homeowners and private skiing.

Persons: Reed Hastings, Hasting, Hastings, underperformers, doesn't Organizations: Netflix, New York Times Locations: Utah, Hastings, Park City

Intel announced Monday that CEO Pat Gelsinger had retired from the company effective Dec. 1, capping a tumultuous nearly four-year leadership tenure at what was once America's leading semiconductor company but which saw its stock price and market share collapse under his tenure. Intel CFO David Zinsner and Intel products CEO MJ Holthaus were named interim co-CEOs. Gelsinger returned to the company from VMware, where he was CEO, to stabilize Intel in 2021, replacing then-CEO Bob Swan. Gelsinger set out an audacious plan when he arrived in 2021 to transform the languishing company into a chipmaking juggernaut. Intel revealed plans in September to turn the company's foundry business into an independent subsidiary, a move that would enable outside funding options.

Persons: Pat Gelsinger, David Zinsner, MJ Holthaus, Frank Yeary, Gelsinger, Bob Swan, — CNBC's Jordan Novet Organizations: Intel, EMC, VMware, Samsung, Taiwan Semiconductor Manufacturing Company, Nvidia, CNBC, Qualcomm Locations: U.S

☆ Watch Monday's full episode of Fast Money — December 2, 2024
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Monday's full episode of Fast Money — December 2, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.

Persons: Melissa Lee

During Ralph Lauren Cyber Monday Sale, you can find Ralph Lauren's crisp button-down shirting, expertly-tailored blazers, preppy polos, and polished chinos — among other categories — are 40% off, applied at checkout. The best Cyber Monday Ralph Lauren men's clothing dealsRalph Lauren's clothing is timeless in style and always made with excellent quality. Ralph Lauren Polo Bear Fleece Hoodie $92.99 $188.00 Save 51% There are few characters in the fashion landscape quite as recognizable as the Ralph Lauren Polo Bear. View at Ralph LaurenThe best Cyber Monday Ralph Lauren women's clothing dealsCyber Monday Ralph Lauren FAQsWhen does the sale start and end? Is Cyber Monday a good time to shop Ralph Lauren?

Persons: Ralph Lauren Cyber, Ralph, polos, Ralph Lauren Polo Bear, we've, Ralph Lauren, Ralph Lauren men's, Lauren's, Ralph Lauren Polo, Ralph Lauren Ralph Lauren Loopback, Ralph Lauren Ralph Lauren, Ralph Lauren women's, Ralph Lauren's Organizations: Business Locations: polos, chinos

☆ Meet the Press – December 1, 2024
▼ + stars: | 2024-12-01 | by ( ) www.nbcnews.com time to read: +56 min

ANNOUNCER:From NBC News in Washington, the longest-running show in television history, this is Meet the Press with Kristen Welker. He credited President-elect Trump with this ceasefire, Jake, saying, quote, "Everyone is coming to the table because of President Trump." The second dynamic to watch is, Kash Patel is on the record for the retribution agenda that Donald Trump ran on. I will never forget when you asked former President Trump – President-elect Trump and President Biden during that last presidential debate in 2020 about 545 children who were still separated from their parents. And before we go, the newest member of the Meet the Press family, Frankie Alice Katz was born at 12:23 a.m. on Wednesday.

Persons: KRISTEN WELKER, Donald Trump, Christopher Wray, Kash Patel, KASH PATEL, I’d, FBI Hoover, Trump, PRES, JOE BIDEN, JUSTIN TRUDEAU, He’d, Bill Hagerty, Chris Murphy, Jake Sullivan, JONATHAN WHITE, Oscar, Errol Morris, NBC's Jacob Soboroff, Jonathan Allen, Kimberly Atkins Stohr, Matt Gorman, Sahil Kapur, it’s, Kristen Welker, Patel, “, STEVE BANNON, Bannon, DONALD TRUMP, Justin Trudeau, Trudeau, he'd, Biden, Edan Alexander, YAEL ALEXANDER, Jake, JAKE SULLIVAN, Kristen, we're, that's, Mike Waltz, President Trump, we've, Joe Biden, Bashar al, Assad, it's, I'm, They're, Chris Wray, Joe Biden didn't, Hagerty, SEN, BILL HAGERTY, Let's, I've, Kash, Colin Kahl, Kamala Harris, You've, Rob Malley, He's, Ariane Tabatabai, It's, Hunter, Hunter Biden, Kash Patel's, – SEN, –, Bill Barr, Tony Blinken, Israel, That's, Trump's, Tulsi Gabbard, she's, Tulsi, – KRISTEN WELKER, Murphy, Press . SEN, CHRIS MURPHY, Donald Trump's, Adam Schiff, Marco Rubio, Marcio Rubio, Donald Trump carte, who's, they're, you've, Harris, Nancy Pelosi, Tim Scott, Hope, Jon, John Bolton, JONATHAN ALLEN, John Bolton's, Matt Gaetz, SAHIL KAPUR, he's, doesn't, tweeting, MATT GORMAN, Gaetz, it's Tulsi, Betsy Devos, Matt Gaetz didn't, DOJ – didn’t, Pete Hegseth, Jr, KIMBERLY ATKINS STOHR, Matt, Claudia Sheinbaum, Biden's, Judge Ketanji Brown Jackson, We've, Yitzhak Rabin, YITZHAK RABIN, Jacob Soboroff, JACOB SOBOROFF, ERROL MORRIS, Errol, Jacob, Adam Serwer, haven't, Jacob – ERROL MORRIS, Jonathan White, Pope, hadn't, Frankie Alice Katz, Sally Bronston Katz, Michael, Frankie Alice, Fredalee, Adrien, We'll Organizations: FBI, Senate, Democratic, Connecticut, National Security, Trump, Boston Globe, NBC, Press, Bureau, Canadian, Hezbollah, Hamas, National, Lebanese Army, Rebels, UN, Republican, The Press, DOD, Department of Justice, China, United States, Depot, Walmart, Communist, Press ., of Justice, White, Wall Street, Republicans, of Commerce, Treasury, Education, Biden White House, Communications, AG, RFK, DOJ, Heritage, U.S ., Mar, Democrat, Clean Energy, U.S, Supreme, Palestine Liberation Organization, Israeli, Oscar, NBC News, Human Rights, American Academy of Pediatrics, Department of Homeland Security, Trump –, MSNBC, Refugee, . Locations: Tennessee, Israel, Gaza, Washington, Mexico, Canada, China, Mar, United States, U.S, Lebanon, Iranian, France, Lebanese, Syria, Aleppo, Iran, Russia, American, Japan, Europe, –, Connecticut, America, States, Trump, Oslo Accords, Eastern Europe

☆ Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine U.S. dollar
▼ + stars: | 2024-11-30 | by ( ) www.cnbc.com time to read: +3 min

President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar. At a summit of BRIC nations in October, Russian President Vladimir Putin accused the U.S. of "weaponizing" the dollar and described it as a "big mistake." Trump said there is "no chance" BRIC will replace the U.S. dollar in global trade and any country that tries to make that happen "should wave goodbye to America." Research shows that the U.S. dollar's role as the primary global reserve currency is not threatened in the near future. Canadian Prime Minister Justin Trudeau returned home Saturday after meeting Trump, without assurances the president-elect will back away from threatened tariffs on Canada.

Persons: Donald Trump, Vladimir Putin, Putin, Trump, Claudia Sheinbaum, Justin Trudeau Organizations: U.S ., United, IMF, Trump, U.S, Research, An Atlantic Council, Canadian Locations: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, United Arab Emirates, Turkey, Azerbaijan, Malaysia, Russian, Moscow, America, Mexico, Canada, United States

☆ 3 things you can do before the end of the year to level up your career
▼ + stars: | 2024-11-30 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

AdvertisementWorkers can start taking steps now to help boost their careers into next year. People should enhance their AI skills to stay competitive, one executive told BI. Volunteering and side hustles can boost skills, empowerment, and career opportunities. One way to improve your AI skills is simply to use it. Saad told BI that many nonprofits lack the resources to meet all of their operational needs.

Persons: Sean Barry, Barry, It's, Kiki Leutner, Leutner, Leila Saad, Saad, you've, —, Jennifer Schielke, Daniel Zhao, Zhao, Harris, Zers, millennials Organizations: Workers, Allstate, University of Oxford, Group Solutions, Glassdoor

☆ Trump will decide the future of government money for healthcare plans. Letting it expire could save money, but the middle class might pay more.
▼ + stars: | 2024-11-29 | by ( Allie Kelly | ) www.businessinsider.com time to read: +6 min

Biden's enhanced ACA subsidies, which lowered premiums for the middle class, will expire in 2025. Biden's expansion increased the financial assistance for people already on ACA plans and lifted the income eligibility cap for those benefits. Related storiesHow ending ACA subsidies would impact Americans and government spendingEnding subsidies would be cheaper for the government and taxpayers. Some Republicans like Vice President-elect JD Vance have said they want to inject needed competition into the health insurance marketplace. Still, Young said letting the ACA subsidies expire will likely mean that healthcare will become more expensive for millions of people.

Persons: Donald Trump, Joe Biden's, Trump, —, Gary Young, Young, JD Vance, it's, KFF, Elon Musk, Vivek Ramaswamy, Robert F, Kennedy Jr, Mehmet Oz, Kennedy, Oz Organizations: Trump, White, Affordable, Medicaid, Republican, Biden, Congressional, Office, ACA, Northeastern University's Center for Health, Healthcare Research, Republicans, of Treasury, Children's Health Insurance, Centers for Disease Control, Social Security, GOP, of Government, Department of Health, Human Services, Centers, Medicare, Services, Forbes Locations: Federal

☆ Top 5 Ways Netflix Won the Streaming Wars This Year
▼ + stars: | 2024-11-29 | by ( Geoff Weiss | Lucia Moses | ) www.businessinsider.com time to read: +1 min

AdvertisementNetflix emerged as the winner of the streaming wars this year. From vast ad ambitions to zeitgeisty true crime fare, here are five of its biggest achievements. Netflix continues to put out hits that keep people watching and subscribing. Lately, it's been leaning into popular fare like true crime and live events that have big advertiser — and water-cooler — appeal. But for now, here's a look back at the biggest swings Netflix took this past year:

Persons: retrenched, it's, It's Organizations: Netflix, Diageo, America's, Amazon's, YouTube

☆ China is on edge after Trump's talk of tariffs
▼ + stars: | 2024-11-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

AdvertisementOn Monday, Donald Trump threatened more tariffs on China, blaming Beijing for fentanyl. China criticized Trump's tariff threats, calling them ineffective and unjustified. "The excuse the president-elect has given to justify his threat of additional tariffs on imports from China is farfetched," wrote China Daily in a Tuesday editorial. AdvertisementMarkets are muted as investors wait and seeGlobal markets were jolted following Trump's post on Truth Social on Monday, but the effects have been felt mostly in foreign exchange. Global firms and Chinese manufacturers have already been diversifying their operations to manage concentration risks following Trump's first term and the COVID-19 pandemic.

Persons: Donald Trump, Trump, he'd, George Saravelos, Goldman Sachs, Wu Zhiqiang, Young Liu, Al Jazeera Organizations: Global, Deutsche Bank, Shenzhen Lingke Technology, Nikkei Asia, Apple, Macquarie Locations: China, Beijing, United States, Shenzhen, Thailand, India, Vietnam, Taipei, Al, Southeast Asia, Africa, China's

☆ Turkey angles for Trump to break the deadlock on F-35 purchases
▼ + stars: | 2024-11-29 | by ( ) www.businessinsider.com time to read: +7 min

Turkey wants the F-35s and may be willing to move the Russian air defenses that triggered the ban. Until five years ago, Turkey had planned to buy 100 of Lockheed Martin's F-35 stealth jets to modernize its air force. According to Bloomberg, Turkey may agree to restrict its Russian S-400s air defenses in return for the US lifting sanctions. Advertisement"So, it will remain to be seen if Trump can overcome these institutional hurdles to a sale to Turkey," Bohl told BI. The intervening Ukraine war, where Russian S-400s suffered losses, could reduce the value Turkey sees in them.

Persons: Lockheed Martin's, Trump, Recep Tayyip Erdogan, Donald Trump, Suleyman Ozeren, Ali Bakir, Erdogan, Bakir, Ozeren, Benjamin Cooper, US Air Force Ryan Bohl, RANE, Marco Rubio, Bohl, Mark Esper, Lockheed Martin, Paul Iddon Organizations: Trump, Lockheed, Bloomberg, Russian, American University, Orion Policy Institute, Ibn Khaldon, Security Initiative, US Air Force, East, Washington, Pentagon, Northrop Grumman, BAE Systems, Pratt & Whitney, RTX Corporation, Ukraine, Iran Locations: Turkey, Ankara, Washington, Incirlik, Qatar, Turkish, North Africa, Russia, China, Ukraine, Russian

☆ Meta is reportedly building a $10 billion underwater cable that will circle the globe
▼ + stars: | 2024-11-29 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +2 min

AdvertisementMeta plans a $10 billion global underwater cable project spanning 25,000 miles, TechCrunch reported. The project is reportedly in the early planning stages, though the exact route has not been announced. Meta aims for sole cable ownership of the cable, avoiding geopolitical tension areas like the Red Sea. Meta is reportedly planning to build a fiber-optic underwater cable that would traverse the globe, TechCrunch reported. The project would take years to complete, given limited resources like cable ships, TechCrunch reported.

Persons: Teleography, Sunil Tagare, Tagare Organizations: TechCrunch, Meta, Meta's, Google, Amazon, Microsoft, LinkedIn Locations: Meta, Africa, Africa's, India, East Coast, South Africa, Darwin, Australia, South, Egypt, Marseilles, Straits, Malacca, Singapore

☆ Trump made unprecedented inroads in Silicon Valley this election
▼ + stars: | 2024-11-28 | by ( Rob Price | ) www.businessinsider.com time to read: +4 min

Silicon Valley, long considered a progressive stronghold, has begun to shift toward Donald Trump, according to new voting data analyzed by Business Insider. These numbers show that Trump and Republicans are still a long way off from gaining any real majorities in Silicon Valley. While Elon Musk is based in Texas these days, many of his companies, including Tesla, are still very active in Silicon Valley. Trump, with Musk in support, has promised to cut regulations, which could help Silicon Valley startups grow more quickly. The trend toward Trump in the Silicon Valley electorate mirrors statewide and national trends.

Persons: Donald Trump, Kamala Harris, Harris, Joe Biden, Hilary Clinton, Francisco county's, Trump, Democrat —, Mark Zuckerberg, Marc Andreessen, Ben Horowitz, Horowitz, Elon, Tesla, reelect Trump, JD Vance, Peter Thiel, Ben Narasin, we've, voteshare Organizations: GOP, Business, San, Apple, Google, Nvidia, State, Facebook, Meta, Republican, Trump, Democrat, Democratic, Venture, PayPal, Elon Locations: Santa Clara, San Mateo, San Francisco counties, Silicon, San Francisco Bay, California, San Francisco, San Mateo county, Silicon Valley, Texas, Atherton

☆ 6 charts show why Gen X is so bummed about money right now
▼ + stars: | 2024-11-28 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

AdvertisementAs many Americans struggle with a high cost of living, Gen X is in a particularly tight spot. Gen X has the highest income of all but also the highest debt. As a Bank of America Institute research note said, Gen X has seen its discretionary spending drop the most of all generations. The analysis attributed that, in part, to Gen Xers trying to sock away more for retirement and investing more. AdvertisementBut as Bank of America notes, Gen X is in the "sandwich" phase of life: Some are juggling supporting adult children and older relatives.

Persons: X, Gen X, Xers —, they're, Xers, Gen Xers, I'm, Wendy Graham, Barbara Lose, Graham, who's, Xer Organizations: Federal Reserve Bank of Philadelphia, Philadelphia Fed, Bank of America Institute, of Labor Statistics, Bank of America, University of Michigan's Locations: Philadelphia, Florida

☆ Rudy Giuliani's mother-daughter defamation victims still haven't received millions of dollars of his assets
▼ + stars: | 2024-11-28 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

Thanksgiving is the one-month anniversary of Giuliani's deadline to turn over assets. Ruby Freeman and Shaye Moss have received a car and apartment without the paperwork to sell either. Freeman and Moss have subpoenaed the elder Giuliani's tax accountants, Mazars, USA, to see if he declared gifting the rings to his son. AdvertisementA bankruptcy judge dismissed the bankruptcy case within six months, citing Giuliani's "failure to provide even basic disclosure" of his assets. "The car keys without the title is really meaningless, US Court Judge Liman told Giuliani's attorney Joseph Cammarata.

Persons: Rudy Giuliani, Ruby Freeman, Shaye Moss, It's, Moss, Giuliani, Freeman, Joe DiMaggio, Donald Trump, livestreams, Giuliani —, —, DiMaggio, Baseball Hall of Famer Reggie Jackson, Judith, Rudolph Giuliani, Judith Nathan, Aaron Nathan, Jacquelyn Martin, Lewis Liman, Andrew, Donald Trump's, Trump, Lauren Bacall's, Lauren Bacall, Judge Liman, Joseph Cammarata, Liman Organizations: Mercedes, New, Yankees Stadium, Baseball Hall of Famer, AP, Mazars, Southern, of Locations: Georgia, Manhattan, New York City, Ronkonkoma , New York, Long, Florida, USA, Washington ,, United States, of New York

☆ Oil watchers say inflation risks will stave off Trump's Canada tariff threat
▼ + stars: | 2024-11-27 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Higher fuel prices could be in the cards if President-elect Donald Trump follows through with his tariff threats on Canada, according to industry experts, who are skeptical on whether the new levies will ever be implemented. Trump on Monday pledged to implement additional tariffs on China, Canada and Mexico on day one of his presidency, according to his posts on social media platform Truth Social. He said he would sign an executive order on Jan. 20 imposing a 25% tariff on all imports from Canada and Mexico, a move that may breach the terms of a regional free trade agreement. Goldman Sachs' Co-Head of Global Commodities Research Daan Struyven said that if a 25% levy hit Canadian crude exports to the U.S. "that could, in theory, lead to some pretty significant consequences for three groups." U.S. refiners who rely on Canadian oil barrels could face lower profit margins, and consumers may potentially face higher prices, surmised Struyven.

Persons: Donald Trump, Goldman Sachs, Daan Struyven Organizations: Trump, Global Commodities, Daan, U.S . Energy Information Administration Locations: Canada, China, Mexico

☆ Watch Wednesday's full episode of Fast Money — November 27, 2024
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Wednesday's full episode of Fast Money — November 27, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.

Persons: Melissa Lee

☆ In an F-35 funding fight, Musk will need to win over a skeptical Congress and Trump
▼ + stars: | 2024-11-27 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

AdvertisementElon Musk sharply criticized the F-35 stealth jet and its builder, Lockheed Martin. Musk could target the expensive program as part of his efforts to cut federal spending under Trump. Congress has historically valued the stealth fighter flown by three military branches despite its problems. His comments suggest he could be eyeing the $2 trillion F-35 program, and possibly other fighter jets, for potential spending cuts. In fact, the House's defense spending bill for the 2025 fiscal year called for more F-35s than what the Pentagon initially requested.

Persons: Lockheed Martin, Donald Trump, Elon, Musk, Trump, Elon Musk, ANGELA WEISS, Samuel King Jr, President Trump, Clawson, Michael Bohnert, Bohnert, Cmdr, Darin Russell, Stacy Pettyjohn Organizations: Elon, Trump . Congress, Pentagon, Congress, Getty, Trump, Department of Government, Department of Defense, Lockheed, US Air Force, Navy, Air Force, Marine Corps, RAND Corporation, US Navy, Defense, Center, New, New American Security Locations: New American

☆ The Miss Universe runner-up made history for Nigeria. After online attacks about her nationality, she felt she had 'a point to prove.'
▼ + stars: | 2024-11-27 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +7 min

She previously competed at Miss South Africa but withdrew following online attacks on her nationality. Adetshina is now the first-ever Miss Africa and Oceania, a new title awarded by a panel of Miss Universe judges. AdvertisementIt's been a tumultuous journey for the 23-year-old, who almost didn't reach the Miss Universe stage after she withdrew from Miss South Africa following online attacks about her Nigerian name. 'People felt I wasn't South African enough'Chidimma Adetshina at Miss Universe Nigeria boot camp in August. While Adetshina felt like she had a "point to prove" to her online critics, she also realized she had a point to prove to herself.

Persons: Chidimma Adetshina, Adetshina, Instagram, It's, FAWAZ OYEDEJI, Gayton McKenzie, —, McKenzie, BENSON IBEABUCHI, I've, I'm, she'd, Hector Vivas, Nigeria Victoria Kjaer Theilvig, Chidimma, Miss Denmark Victoria Kjaer Theilvig Organizations: Miss, Business, Miss Nigeria, Miss Universe, Getty, Miss South, Miss SA, Africa's Department of Home Affairs, The, of Home Affairs, BBC, Department of Home Affairs, Adetshina, Mexico City, Nigeria Victoria, Miss Denmark Victoria Locations: Nigeria, Africa, Oceania, Mexico City, Miss Universe Nigeria, AFP, Miss South Africa, Soweto, South Africa, African, Western Province, Miss Nigeria, Mexico

Search resuls for: "CA's"

25 mentions found