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☆ Auto worker wipeout: Why car companies are cutting thousands of jobs
▼ + stars: | 2024-11-21 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +5 min

This is due to unprofitable EV investments, Chinese market losses, and more domestic competition. Ford, General Motors, and Stellantis plan to slash thousands from their workforce in the coming months. AdvertisementBut despite that growth — and with EVs accounting for roughly 10% of US auto sales — companies not named Tesla have struggled to make their EV businesses profitable. German carmakers are losing out to Chinese EV upstarts like BYD. Analysts say inventory levels are improving at Stellantis and industry-wide as automakers react to a slower sales environment.

Persons: Ford, Josh Lefkowitz, EVs, That's, Tesla, Tim Levin, Daniel Pier, Stellantis, Price, Donald Trump Organizations: Ford, GM, Volkswagen Group, General Motors, Volkswagen, Silverado, Angeles Auto, EV, Cadillac, VW Group, Geely, VW, Competition Locations: Germany, Cadillac Lyriq, China, United States

☆ Target's recent trade imports data tells the real story behind massive earnings miss
▼ + stars: | 2024-11-21 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

But cargo container trade data reviewed by CNBC tells a more nuanced tale. "We took some action to move product ahead of the port strike which came with more cost," Fiddelke said. Target's peak season imports for 2024 compared to 2023 were flat to down, according to cargo container volumes data pulled and analyzed by ImportGenius. According to customs data aggregated by Panjiva, Walmart imported 25,000 shipments from May 31-August 31, valued at $1.3 billion. "With any frontloading for the port strike, inventory would be up even higher than that."

Persons: Brandon Bell, Brian Cornell, Michael Fiddelke, Fiddelke, William George, Lynn Hughes, we're, Jerry Storch, Storch, Joe Feldman, Feldman, Bill Simon, Simon, Melissa Repko Organizations: Getty, CNBC, Target, ILA, ImportGenius, Storch Advisors, Panjiva, Walmart, Telsey Locations: Austin , Texas, U.S, New England, Texas, West Coast, Savannah , Georgia, Long Beach , California, of Virginia, West, East Coast, Gulf

Comcast announced a plan Wednesday to spin off most of its cable television networks into a separate publicly traded company. The new company will include the USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and the Golf Channel. Comcast will retain key NBCUniversal assets, including the NBC broadcast network, NBC News, NBC Sports, the streaming service Peacock, and the cable channel Bravo. The move comes as the traditional cable television bundle faces stiff economic headwinds, most notably the rise of cord-cutting and the shift to streaming alternatives. Matt Strauss will become chairman of the NBCUniversal Media Group.

Persons: Mike Cavanagh, ” Cavanagh, “, Cavanagh, Mark Lazarus, Anand Kini, Dan Ives, ”, ” Rich Greenfield, ” Greenfield, Cesar Conde, Conde “, ” Donna Langley, Peacock, Matt Strauss, Mark Woodbury Organizations: Comcast, USA Network, CNBC, MSNBC, SYFY, Golf Channel, NBC, NBC News, NBC Sports, Bravo, Wall Street Journal, Wedbush Securities, LightShed Partners, Wednesday, NBCUniversal, Group, Telemundo, NBCUniversal Entertainment, Studios, NBCUniversal Media, Universal, General Electric, Netflix, Amazon Prime Locations: NBCUniversal

☆ Stocks rebound — plus, we're raising our price target on a transforming AI play
▼ + stars: | 2024-11-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Richard Tobin, Tobin, cryogenics, we'll, Jim Cramer's, Jim Organizations: CNBC, ., Stocks, Dover, Club, Marshall Excelsior Company, SPS Cryogenics, Nvidia, Walmart, Viking Holdings, Jim Cramer's Charitable Locations: Dover

☆ There's trouble brewing in the chip sector outside of Nvidia, according to the charts
▼ + stars: | 2024-11-18 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: LRCX, Katie Stockton Organizations: Nvidia, ASML Holdings, Lam Research, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: U.S

☆ Morgan Stanley picks China stocks to ride out a worst-case scenario in U.S. tensions
▼ + stars: | 2024-11-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

For investment options, she referred to the firm's survey of China stocks the investment bank's analysts already cover. Morgan Stanley's basket of bear case stocks only includes overweight-rated names with a dividend yield above 4% this year. The companies must not be on Morgan Stanley's lists of stocks at a disadvantage from Republican policy and supply chain diversification. Morgan Stanley expects Tingyi's earnings per share to grow 12% this year and 11% in 2025. Sinotruk earnings can grow 18% this year and 17% next year, according to Morgan Stanley estimates.

Persons: Morgan Stanley, Laura Wang, Morgan Stanley's, Morgan Stanley's Wang, Morningstar, Claire Liang, Liang, Donald Trump, Trump Organizations: Kong, PepsiCo, Services, Cosco Shipping Energy Transportation, China, CNBC, Republican Party, U.S . Congress Locations: China, Hong Kong, Asia, Europe, Mexico

☆ 5 things we're watching in the stock market in the week ahead
▼ + stars: | 2024-11-17 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

October retail sales, released Friday morning, came in slightly ahead of expectations, indicating a 0.4% monthly increase, versus a 0.3% increase expected. Disney's reported strong earnings and its stock advanced more than 16% for the week as a result. In the week ahead, we will get earnings from three Club names, including the highly anticipated quarter from Nvidia, and a couple of housing market-related updates. The Street is looking for Nvidia sales of $33.1 billion in its fiscal Q3 and earnings of 75 cents per share. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Donald Trump, Friday's, Jerome Powell, Powell, That's, YTD We're, we're, Jensen, Trump, Nvidia's, Stanley Black, Decker, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Dow, Nasdaq, Federal, Fed, Disney, Depot, Nvidia, TJX Companies, Home Goods, Blackwell, Palo Alto Networks, Home Depot, Stanley, Walmart, Viking Holdings, Sonoma, WSM, Baidu, PDD Holdings, Deere & Co, Warner Music Group, Intuit, Ross Stores, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: Maxx, U.S, China, Palo, VIK, Williams, New York City

☆ What Trump's proposed China tariffs could mean for Apple's profits
▼ + stars: | 2024-11-16 | by ( Sean Conlon | ) www.cnbc.com time to read: +6 min

Under a 25% tariff on goods from China, the Wall Street investment bank sees an EPS loss for Apple of 9.2%. Those estimates make Apple the fifth most vulnerable tech company to potential tariffs on goods from China in Morgan Stanley's research coverage. Bank of America analyst Wamsi Mohan agrees, seeing any tariff impact as "manageable." He sees a 60% tariff on Chinese goods possibly resulting in about a 4% hit to Apple's EPS. By contrast, Dell – which he noted looks positioned to be "most vulnerable" to tariffs – could see an EPS impact of up to about 90%, according to his model.

Persons: Donald Trump's, Tim Cook's Apple, Morgan Stanley, Erik Woodring, Trump, Tesla, –, Morgan, it's, Angelo Zino, Zino, Wamsi Mohan, Apple, Bernstein, Toni Sacconaghi, Sacconaghi, It's, BofA's Mohan, Mohan, Jason Snipe Organizations: Apple, Wall, CNBC, of, Bank of America, Dell, Odyssey Capital, Apple Intelligence Locations: China, U.S, India, Vietnam, Malaysia

☆ Amazon just released its Temu killer and Bank of America likes the move
▼ + stars: | 2024-11-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Bank of America sees Amazon' s discount storefront offering as a beneficial tool in fending off Temu and Shein. The e-commerce giant launched its Haul platform on the Amazon app, exclusively featuring products under $20. Bank of America analyst Justin Post said Temu and Shein's growth over the past year created a headwind of 1 percentage point for Amazon, according to an analysis of Bloomberg Second Measure data. Amazon's new offering comes as retailers have tried to compete with Temu and Shein, which are known for their low price tags. He said Amazon and these other companies could face obstacles if President-elect Donald Trump's proposed tariffs on imports come to fruition.

Persons: Justin Post, Temu, Donald Trump's, Post, LSEG Organizations: of America, Shipping, Bank of America, Amazon, Bloomberg

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. This time around, Trump's tariff proposals on Chinese imports could help Amazon in its competition against low-price online sellers Temu and Shein. Salesforce : Not a Trump stock, but it wasn't a Kamala Harris stock either. Constellation Brands : The Mexican beer importer has been punished on fears about what Trump's tariff and immigration proposals could do to its business. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, Donald Trump's, Trump's, Abbott, Trump, Hock Tan, Tan, We'll, it's pricier, Morgan Stanley, Wells, Kamala Harris, Agentforce, That's, Biden, Dover, Eaton's, Elon, Waymo, JD Vance, we've, Linde, that's, Eli Lilly, Robert F, Kennedy Jr, Kennedy, Lilly, Mark Zuckerberg, Zuckerberg, Goldman Sachs, shouldn't, Nextracker, Brian Niccol, Niccol, Stanley Black, Decker, TJ Maxx, Wells Fargo, Jim Cramer Organizations: Jim Cramer's Charitable Trust, CNBC, Abbott Laboratories, Abbott Labs, White, Biden, AMD, Trump, Wednesday, Broadcom, VMWare, BlackRock, Costco, Coterra Energy, Coterra, DuPont, Disney, GE Healthcare, GE Aerospace, Google, Honeywell, Elliott Investment Management, Linde, Microsoft, Big Tech, Apple, Meta, Financial Times, Nvidia, Palo Alto Networks, Yum Brands, Taco Bell, Constellation Brands, Management, TJX, Marshalls, Jim Cramer's Charitable Locations: China, India, Missouri, Wells Fargo, BlackRock, Shanghai, Dover, U.S, Palo, HomeGoods

☆ Buy these 14 stocks set to benefit most from the surge in year-end holiday spending: Morgan Stanley
▼ + stars: | 2024-11-14 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Here are 14 companies that will benefit from the upswing, according to Morgan Stanley. Advertisement"This holiday season is likely to see stronger spending than last," Morgan Stanley strategists led by Michelle Weaver wrote in a November 13 note, citing sentiment from her firm's economists. Morgan StanleyHowever, that's not to say that all companies will equally enjoy that surge in holiday spending. AdvertisementIn the note, Weaver and her team outlined 16 companies with significant exposure to holiday spending, though only 14 of those stocks have bullish ratings from Morgan Stanley analysts. Each is accompanied by its ticker, market capitalization, price-to-earnings (P/E) ratio, industry, and commentary about that industry from Morgan Stanley.

Persons: Morgan Stanley, Michelle Weaver, Morgan Stanley Holiday, Rich, Weaver, they'd, Morgan, haven't, that's Organizations: National Retail Federation, Black

☆ How Trump policies may boost and burden energy stocks and crude oil, all at the same time
▼ + stars: | 2024-11-13 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

While oil stocks tend to follow the direction of crude prices, the energy sector has gained 3.6% since election day, slightly outpacing the S & P 500. Conflicting signals The crude futures market and the oil and gas stocks appear to be taking different messages from Trump's victory. Since the election, natural gas stocks have been big winners on the prospect of more pipeline permitting. The oilfield services companies are also major beneficiaries under a Trump administration, West said. Oil surplus headwind More ominously, an oil and gas production boom under Trump would lower crude oil prices and likely act as a headwind for the industry.

Persons: Donald Trump's, Brent, Andrew Dittmar, Trump, Dittmar, Biden, James West, EQT, Kinder Morgan, West, Baker Hughes, Halliburton, Lee Zeldin, Zeldin, Russia —, Morgan Stanley, Wells, Roger Read, Darren Woods, I'm, Woods, CNBC's Organizations: West Texas Intermediate, Enverus Energy Intelligence, Republican, White, American Petroleum Institute, Oil, Gas, ETF, Interior Department . Offshore drillers, Noble Corporation, Evercore ISI, Pipeline, Williams Companies, Cheniere Energy, Industries, Trump, SLB, New, New York GOP, Environmental Protection Agency, Fox News, Biden, EPA, " Companies, Investors, Department of Energy, CNBC, Exxon Mobil, Exxon, Chevron, White House, Capitol, ISI Locations: China, Gulf of Mexico, Tidewater, Transocean, Gulf, Trump, New York, U.S, Saudi Arabia, Russia, Wells Fargo

☆ Bonds grab the wheel — plus, more activist news and a profit warning tied to tariffs
▼ + stars: | 2024-11-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

But it shows how the stock market begins to get a little skittish whenever bond yields surge like this. We've seen that dynamic rear its head from time to time during the rise in bond yields that began in September. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, It's, Elliott, ValueAct, Stanley Black, Decker, Trump, Donald Trump, CyberArk, Jim Cramer's, Jim Organizations: CNBC, ., Morning, Elliott Management, Honeywell, Meta, Management, Mizuho Securities, Club, Spotify, Occidental Petroleum, Skyworks, Jim Cramer's Charitable Locations: Meta, China

☆ Tariffs can be a headwind for Big Tech in 2026, says Wilmington's Meghan Shue
▼ + stars: | 2024-11-12 | 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 EmailTariffs can be a headwind for Big Tech in 2026, says Wilmington's Meghan ShueAdam Crisafulli, Vital Knowledge founder and Meghan Shue, Wilmington Trust head of investment strategy, join 'Closing Bell: Overtime' to discuss Big Tech trade, their market outlook and earnings.

Persons: Wilmington's Meghan Shue Adam Crisafulli, Meghan Shue Organizations: Big Tech, Vital Knowledge, Wilmington Trust Locations: Wilmington

☆ Here's why Jim Cramer is hesitant to buy this AI chip stock right now
▼ + stars: | 2024-11-12 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. If management has anything positive to say about the highly profitable segment, it "would really move the stock," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, we've, Jim, Evercore, Stocks, Bristol Myers, Shopify, Tyson, Okta, Jim Cramer's Organizations: CNBC, Club, Home Depot, Citigroup, Analysts, Broadcom, Google, Nvidia, Disney, Evercore ISI, Netflix

☆ Europe faces a 'full-blown recession' under Trump's tariffs, big bank says
▼ + stars: | 2024-11-11 | by ( Polly Thompson | Will Martin | ) www.businessinsider.com time to read: +3 min

Europe could fall into recession in 2025 under Trump's economic proposals, a major EU bank said. AdvertisementThe eurozone economy faces the possibility of a looming recession as tariffs promised by President-elect Trump look set to dampen growth, according to analysts at a Dutch bank. Trump pledged on the campaign trail to impose a fresh era of trade tariffs, building on policies he enacted during his first term as president. European Union economic growth is already struggling, and has lagged behind the US in recent years. He said Europe's economic challenges, including high energy costs, sluggish economic growth, and geopolitical instability, would only get worse in the event of a tariff battle with the US.

Persons: —, Trump, James Knightley, Nigel Green, Green Organizations: ING, Service, Trump, deVere Locations: Europe, China, Europe's, Ukraine, NATO

☆ A top mind at JPMorgan Asset Management warns of clear economic red flag after Trump's big win, despite soaring US stocks
▼ + stars: | 2024-11-07 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

US stocks had one of their best days in years and hit new records after Trump's resounding win over Kamala Harris in Tuesday's election. Both of those moves make sense, said David Kelly, the global strategy chief at JPMorgan Asset Management, in an interview on Wednesday. AdvertisementThe strategy chief has been adamant that higher tariffs — one of Trump's key proposals — would cripple the US economy and endanger the global economic expansion. Related storiesMost economists condemn tariffs, which are taxes on imports, because they tend to lead to higher prices and lower economic growth. Sean Gallagher, the global head of Lazard's small-cap equity platform, made a similar point in a recent interview with Business Insider when asked about Trump's tariffs and Kelly's stance.

Persons: Stocks, Donald Trump, David Kelly, Wall, he's, —, Donald Trump's, Trump's, Kamala Harris, Kelly, Trump, Mahatma Gandhi, I'm, I've, Tom Orlik, who's, Chris Murphy, Susquehanna's, Orlik, Sean Gallagher, Gallagher, maven, He's, inflation's Organizations: House . Market, Service, Nasdaq, US, JPMorgan Asset Management, Republican, JPMAM, Bloomberg Economics, Business, Trump Locations: Tuesday's

☆ Here are Thursday's biggest analyst calls of the day: Nvidia, Tesla, Duolingo, Disney, Allstate, & more
▼ + stars: | 2024-11-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Bank of America downgrades Solaredge to underperform from neutral Bank of America says Solaredge is at risk of tariffs in a Trump administration. Barclays downgrades Coty to underweight from equal weight Barclays downgraded the beauty stock following earnings and says it sees "strategy creep." Baird upgrades McKesson to outperform from neutral Baird upgraded the healthcare and medical supply company following earnings. JPMorgan upgrades Clearwater to overweight from neutral JPMorgan upgraded the software company following earnings. " Seaport downgrades Duolingo to neutral from buy The firm downgraded the language App company mainly on valuation following earnings.

Persons: Solaredge, Jefferies downgrades Palantir, Jefferies, PLTR, Bernstein, Ford, Morgan Stanley, Wolfe, it's, Trump, Coty, Schneider, Schneider National's, Apple, it's bullish, Max, Baird, MCK, JPM, CWAN, Guggenheim, Sunrun, Raymond James, Tesla Organizations: Barclays, Qualcomm, Bank of America, of America, Intelligence, Allstate, Nvidia, AMD, Coty, underperform Bank of America, Citi, Apple, Deutsche Bank, Disney, HC, JPMorgan, UBS, Vulcan, Guggenheim, Technologies, USM Locations: Trump, 1Q23, China, F4Q

☆ Asian Americans favored Harris, but shifted right by 5 points
▼ + stars: | 2024-11-06 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +5 min

Asian American support for Donald Trump was 5 points higher this election cycle than in 2020, marking a slight shift to the right. The NBC News Exit Poll of early and Election Day voters indicated that 54% of Asian American voters chose Harris, while 39% voted for Trump. Harris lost seven points compared to Asian American Pacific Islander (AAPI) support for Biden in 2020. “The pendulum has started to swing back.”Ramakrishan pointed out that previous polling showed that the economy was a major priority for the Asian American electorate. And for the Asian American community, a group that owns more than 3 million small businesses, that perception was particularly effective.

Persons: Donald Trump, Harris, Karthick Ramakrishnan, ”, ” Ramakrishan, you’re, ” Ramakrishnan, Ramakrishnan, Trip Yang, Trump, Bill Clinton’s, Barack Obama, Trump’s, Ramakrishan, “, ” Yang, Biden Organizations: NBC, Trump, American Pacific, Biden, AAPI, Democratic, American, Democratic Party, Republican Party, Asian American, GOP Locations: U.S, Asian American, American, “

Detailed below is how a second Trump presidency is expected to impact American wallets. Trump's plan to cut the corporate tax rate is generally viewed as bullish for earnings, particularly for the consumer-discretionary, communication-services, and financial sectors. Further, if Trump's presidency is inflationary and leads to interest-rate hikes, that would hit housing affordability in the form of higher mortgage rates, which track the Federal Reserve's benchmark. AdvertisementThe former president has also said he plans to extend his slew of tax cuts from the Tax Cuts and Jobs Act of 2017 — also known as the "Trump tax cut." Trump's plan for universal tariffs is seen as offsetting a positive tax impact and would be especially costly for lower-earning Americans.

Persons: Donald Trump, —, Trump's, Trump, bitcoin, Vance Organizations: Trump, Service, Biden, White

☆ Five Below downgraded by Bank of America on Trump tariff threat after U.S. election
▼ + stars: | 2024-11-06 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

With Donald Trump reclaiming the White House , Bank of America thinks his threat of steep tariffs could hurt Five Below . The bank downgraded the discount retailer to underperform from neutral on Wednesday and slashed its price target to $75 per share from $98. BofA's new forecast implies for nearly 20% downside for the stock. President-elect Trump campaigned on the prospect of tariffs on Chinese imports, and BofA analyst Melanie Nuñez thinks that Five Below's outsized exposure to China could serve as a material headwind moving forward. FIVE YTD mountain Five Below stock.

Persons: Donald Trump, Trump, Melanie Nuñez, Nuñez Organizations: House, Bank of America Locations: China

Detailed below is how a Trump presidency is expected to impact American wallets. Trump's plan to cut the corporate tax rate is generally viewed as bullish for earnings, particularly for the consumer-discretionary, communication-services, and financial sectors. Trump's plan for universal tariffs is seen as offsetting a positive tax impact and would be especially costly for lower-earning Americans. Trump has proposed expanding the child tax credit, which currently provides up to $2,000 per child. In August, the vice presidential candidate JD Vance floated a child tax credit proposal that would include $5,000 per child for families of all income levels.

Persons: Donald Trump, —, Trump, bitcoin, Vance Organizations: Trump, Service, Biden, White Locations: Americas

While on the campaign trail, Trump threatened retribution against some tech companies, including jailing Meta's chief, Mark Zuckerberg. "That is likely to have devastating consequences for US tech companies that sell in foreign markets as well as crippling domestic consumption." Hay said that while most presidents wouldn't have any say on existing cases, "Trump is a bit more of a wild card." AdvertisementBut still, he said, new guidelines wouldn't have much impact on the biggest tech companies. There are fears that if H1-Bs are restricted under the second Trump administration, the US could lose its competitive edge on the world stage.

Persons: Donald Trump, —, Trump, Elon, marveling, — Musk, jailing, Mark Zuckerberg, Zuckerberg, Mark Lemley, Lemley, GlobalData's Neil Saunders, Chris Walton, Walton, there's, George Hay, Hay, wouldn't, Kamala Harris, Dan Romanoff, Joe Biden, Anna Rathbun, Biden, he's, Rathbun, James Brundage, Saunders, Valerie Wirtschafter, Harris, Romanoff, Wirtschafter Organizations: Trump, Big, Service, SpaceX, Big Tech, Google, Justice Department, Department, Barclays, Stanford Program, Law, Science & Technology, Business, Retail, Target, Apple, Cornell University, Republicans, Morningstar, AT, Time Warner, Republican, Walmart, Brookings, Artificial Intelligence, Emerging Technology Initiative Locations: Americas

AI regulation is likely to change under Trump, but major antitrust cases are unlikely to be impacted. While on the campaign trail, Trump threatened retribution against some tech companies, including jailing Meta chief Mark Zuckerberg. "That is likely to have devastating consequences for US tech companies that sell in foreign markets as well as crippling domestic consumption." AdvertisementBut still, new guidelines won't have much impact on the biggest tech companies, Hay said. Experts fear that, if H1-Bs are restricted under the second Trump administration, the US could lose its competitive edge on the world stage.

Persons: Donald Trump, —, Trump, Elon, marveling, — Musk, jailing, Mark Zuckerberg, Zuckerberg, Mark Lemley, Lemley, Neil Saunders, Chris Walton, Walton, there's, George Hay, Hay, wouldn't, Kamala Harris, Dan Romanoff, Joe Biden, Anna Rathbun, Biden, Rathbun, James Brundage, Ernst, Saunders, Valerie Wirtschafter, Harris, Romanoff, Wirtschafter Organizations: Trump, Big, Service, SpaceX, Big Tech, jailing Meta, Google, Justice Department, Department, Barclays, Stanford Program, Law, Science & Technology, Retail, Target, Apple, Cornell University, Republicans, Morningstar, AT, Time Warner, Republican, Walmart, Brookings, Artificial Intelligence, Emerging Technology Initiative Locations: Americas

☆ How tech stocks could fare under a Harris or Trump administration
▼ + stars: | 2024-11-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

They have also considered the impact of potential tariffs proposed by former President Donald Trump. Some on Wall Street view a Harris win as a potential obstacle for antitrust and megacap technology stocks. "Regulatory scrutiny will probably help a lot of M & A activity under Trump — Harris, it'll be a little more of the status quo," said Jay Woods, chief global strategist at Freedom Capital Markets. This could "slow the pace of the AI revolution," he said in a recent post to X that also called a Harris win "more bullish" for the industry. Some investors also view Tesla as a likely winner under a Trump administration, given CEO Elon Musk's close ties to the former president.

Persons: Kamala Harris, Donald Trump, Roger McNamee, Harris, Trump, Trump — Harris, it'll, Jay Woods, McNamee, Vivek Arya, Joe Rogan, Arya, Ed Mills, Raymond James, of America's Brad Sills, Raymond James ' Mills, Dan Ives, Trump's, Tesla, Elon Musk's, Capital's, Wolfe, Chris Senyek Organizations: Elevation Partners, Tech, Antitrust, Google, Justice Department, Trump, Freedom Capital, Bank of America, PHLX Semiconductor, Democrat, Republican, SOX, Devices, Qualcomm, Nvidia, Broadcom, Texas Instruments, Intel, of America's, Microsoft, Oracle, Wedbush Securities, Investors Locations: stoke, Taiwan, China, Washington

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