DIRS.INFO The most relevant business & tech news

Former President Donald Trump has won a decisive victory over Vice President Kamala Harris in the 2024 presidential election, winning the battleground state map by margins that surprised even Trump's closest allies. Trump promised to impose heavy tariffs on imported goods if he was elected, claiming that they will simultaneously boost U.S. revenues, strengthen domestic industries and deter unwanted foreign competition. Mainstream economists warn that the tariffs, which are taxes paid by U.S. importers, will raise prices on American consumers. "We're going to help our country heal," Trump said Tuesday "We're going to fix everything about our country." He said "America has given us an unprecedented and powerful mandate," which included his fellow Republicans regaining control of the U.S. Senate.

Persons: Donald Trump, Kamala Harris, Trump Organizations: U.S, U.S . Senate

☆ Jim Cramer says the market for mergers and acquisitions will be back under Trump
▼ + stars: | 2024-11-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Wednesday told investors the Trump administration is more likely to allow mergers and acquisitions to go through, processes largely stymied under Biden. "I am very confident in the idea that, under President Trump, M&A's about to come back and come back bigly," he said. Beyond M&A, Cramer said the President-elect is likely to relax antitrust regulations, whereas Biden appointees have scrutinized Big Tech outfits like Apple . But while Cramer suggested these companies are likely safer from regulatory interference under Trump, he said some of that depends on Trump's own attitude towards them. "So, it's not a surprise to see most of America's big name tech CEOs come out today with enthusiastic, public messages of congratulations for President-elect Trump," he said.

Persons: CNBC's Jim Cramer, Trump, Biden, Cramer Organizations: Wednesday, M, Trump, Time Warner, CNN

☆ Jeff Bezos, Sam Altman, Tim Cook and other tech leaders congratulate Trump on election win
▼ + stars: | 2024-11-06 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +7 min

Amazon founder and Executive Chairman Jeff Bezos celebrated Trump's win in a post on X, calling it an "extraordinary political comeback and decisive victory." Trump repeatedly took aim at Bezos' ownership of the Post, Amazon's tax record and its relationship with the Postal Service. Apple CEO Tim Cook congratulated Trump on his victory in a post on X. OpenAI CEO Sam Altman said in a post on X that he hopes Trump will see "huge success in the job." Meta CEO Mark Zuckerberg called Trump's election win a "decisive victory" and said he looks forward to working with the Trump administration.

Persons: Sam Altman, Jeff Bezos, Donald Trump, JD Vance, Trump, Bezos, Kamala Harris, Andy Jassy, Jassy, Tim Cook, Cook, Mark Zuckerberg, Zuckerberg, Elon, Musk, Trump's, Tesla, Sundar Pichai, he's, Satya Nadella, Reid Hoffman, Hoffman, Harris, Gelsinger, Arvind Krishna, Chuck Robbins, Uber, Dara Khosrowshahi, Aaron Levie, Michael Dell Organizations: Economic, Amazon, U.S, Washington Post, Postal Service, Trump, Post, Democratic, Apple, Facebook, SpaceX, White, America PAC, Google, Microsoft, Venture, LinkedIn, Intel, Biden, IBM, Cisco, Dell Technologies Locations: Davos, Switzerland, Glasgow, Scotland, Pennsylvania, Bezos, United States, U.S

☆ Watch Wednesday's full episode of Fast Money — November 6, 2024
▼ + stars: | 2024-11-06 | 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 6, 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

☆ The big Trump losers: These stocks could have an overhang for a while
▼ + stars: | 2024-11-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Stocks may be in rally mode after former President Donald Trump's election victory, but not every sector is poised to get a lift. Clean energy One potential big loser is solar and clean energy stocks that benefited from tax credits instituted under President Joe Biden 's Inflation Reduction Act. Retailers Along with changes to clean energy, Trump has hinted at tariffs to buoy U.S. producers. The firm also highlighted companies with greater than 20% China exposure, including Crocs and American Eagle Outfitters , as being among potential tariff losers. STZ 1D mountain Constellation Brands falls amid Trump tariff concerns "With a 50% American whiskey tariff, we would expect BFB to pass some cost along to the consumer, which would put additional pressure on volumes," he wrote.

Persons: Donald Trump's, Kamala Harris, Joe Biden, Trump, Goldman Sachs, Brian Lee, Lee, Melanie Nuñez, Cowen's Robert Moskow, Brown, Forman, Bank of America's Joanna Gajuk, Gajuk, bode, Andrew Mok Organizations: NBC News, Dow Jones, Nasdaq, Technologies, Enphase Energy, Bank of America, American Eagle Outfitters, Constellation Brands, Diageo, EU, Consumer, . Hospital, Republican, Bank of America's, Ardent Health Partners, Universal Health Services, HCA Holdings, Barclays Locations: financials, U.S, China, Scotch, Mexico

Many Americans are concerned about the risk of political violence in a tight race between Kamala Harris and Donald Trump. But attacks and intimidation surrounding the elections aren't new. We take a look at such incidents in the US, from the present day to the 1800s.

Persons: Kamala Harris, Donald Trump

Kamala Harris spoke to the nation for the first time since losing the election to Donald Trump. AdvertisementVice President Kamala Harris publicly conceded the 2024 election to former President Donald Trump in a Wednesday afternoon speech at her alma mater, Howard University. She told the crowd that she had already pledged to assist Trump with the transition and ensure a peaceful transfer of power. In his victory speech early Wednesday morning, Trump claimed a "mandate" for his agenda and pledged to put "divisions" in the past. AdvertisementImmediately following her speech, Harris and her running mate, Minnesota Gov.

Persons: Kamala Harris, Donald Trump, Trump, —, Harris, Kamala, Doug Emhoff, Joe Biden, Tim Walz, Jen O'Malley Dillon, Biden, O'Malley Dillon Organizations: Service, Howard University, Trump, Minnesota Gov, Presidential, Business, Democratic Locations: United States

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

Thirty-five percent of voters said democracy mattered most to their vote, while 31% said the economy. Men and women both said the state of democracy first was their important issue, followed by the economy. Two in 10 women said abortion was the most important issue to their vote, compared to 8% of men. Abortion was the second-most important issue to Harris voters, with 2 in 10 of them saying it mattered most to their vote, followed by economy, foreign policy and immigration. Half of Trump voters said the economy was the most important issue to their vote, followed by immigration (20%), democracy (12%), abortion (6%) and foreign policy (4%).

Persons: Kamala Harris, Donald Trump, Harris Organizations: NBC, Immigration, Trump voters Locations: United States, U.S

☆ Officers who hit fans at Florida-Georgia game were 'within policy,' sheriff says
▼ + stars: | 2024-11-05 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +7 min

Body camera video of altercations between officers and fans at the weekend's University of Florida vs. University of Georgia football game proves the officers did no wrong, Jacksonville Sheriff T.K. A sheriff's incident report identified them as father-and-son duo Michael Wayne Long, 58, and Alexander Michael Long, 27, both of Orange Park, Florida. The officers wrestled with Brown before they got him into custody, body camera video shows. Waters said six officers assigned to the game were injured, eight people were arrested, and 35 fans were ejected. In sheriff's body camera video of the first incident, the suspect used the same word, Vorpahl said at the news conference.

Persons: Waters, Tate Moore, John Phillips, Phillips, sheriff's, Michael Wayne Long, Alexander Michael Long, Brandon Michael Boley, Walter Brown, Brown, . Bowers, E.D, Kelly, Cmdr, Jacob Vorpahl, Vorpahl, lacerations, J.S . Beasley, J, Anthony ., They’re, Donna Deegan, “ I’m, ” Organizations: weekend's University of Florida, . University of Georgia, Jacksonville Sheriff T.K, Barstool, Authorities, Police, Jacksonville, Florida Gators, Georgia Bulldogs Locations: Jacksonville, Orange Park , Florida, Fleming Island , Florida, Callahan , Florida

☆ Watch Tuesday's full episode of Fast Money — November 5, 2024
▼ + stars: | 2024-11-05 | 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 Tuesday's full episode of Fast Money — November 5, 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

☆ Huge shortage of affordable housing frightens me, says LeFrak CEO Richard LeFrak
▼ + stars: | 2024-11-05 | 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 EmailHuge shortage of affordable housing frightens me, says LeFrak CEO Richard LeFrakRichard LeFrak, LeFrak chairman and CEO, discusses the election's impact on America's business landscape.

Persons: Richard LeFrak Richard LeFrak

☆ Higher taxes for cheaper childcare? 3 localities are voting on it and we want to hear from you.
▼ + stars: | 2024-11-05 | by ( Allie Kelly | ) www.businessinsider.com time to read: +3 min

Cities and counties are voting on property and sales tax hikes to fund childcare. Other localities already have similar laws in place, with Alaska taxing marijuana sales to fund early childhood programs. We want to hear your thoughts on paying higher taxes to help fund childcare in your community. Three localities are voting to increase taxes to boost childcare funding for low-income and middle-class families. AdvertisementA similar measure in St. Paul, Minnesota, would also hike property taxes to fund citywide childcare initiatives for low-income families.

Persons: —, Austin —, Rebecca Noecker, Noecker, Paul Organizations: Service, Voters, New, New Orleans voters, Paul Locations: Alaska, Sonoma County , California, Travis County , Texas, Austin, St, Paul , Minnesota, New Orleans, Whatcom County, Washington, Sonoma, Anchorage, Colorado

☆ 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

☆ Rare letter signed by founding fathers expected to fetch $1 million at auction
▼ + stars: | 2024-11-05 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —A rare letter signed by three of the founding fathers of the United States is going on sale, and is expected to fetch up to $1 million when it goes under the hammer next week. “An important expression of the emerging American policy of free trade, likely the only available example of any letter signed by all three of these Founding Fathers, the men most responsible for the Declaration of Independence,” said Bonhams in a listing on its website. Bidding starts at $550,000, and the letter is expected to fetch up to $1 million when it goes under the hammer on November 12. Objects and artifacts linked to the founding fathers often prove popular at auction, attracting astronomical bids. In 2017, manuscripts, personal letters and hundreds of other documents from founding father Alexander Hamilton’s desk sold for a total of $2.6 million at Sotheby’s in New York, according to the auction house.

Persons: John Adams, Benjamin Franklin, Thomas Jefferson, ”, Adams, Jefferson, Commerce ’, Alexander Hamilton’s, George Washington’s Organizations: CNN, America, Commerce, Congress Locations: United States, amity, Franklin, Amity, Independence, New York

☆ Billionaire Ray Dalio says people should budget for the basics — and the US faces 3 huge threats
▼ + stars: | 2024-11-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Ray Dalio says identifying your basic needs and ensuring they're covered is key to a happy life. Dalio told a podcast that the national debt, political infighting, and foreign rivals threaten the US. AdvertisementRay Dalio says figuring out your fundamental needs and setting aside enough cash to cover them is key to solving money troubles. Higher inflation and interest rates have made the economy a key concern for voters ahead of the presidential election. Failing to unite the country could result in revolution and subpar management, which Dalio deemed the "greatest risk" from a political standpoint.

Persons: Ray Dalio, Dalio, —, Tom Bilyeu's, you've, They've, Donald Trump, Kamala Harris, who's Organizations: Service, Bridgewater Associates, Bloomberg, Republican, Democratic Locations: China, Russia

☆ Bank of America's Trump-Harris playbook: How the stock market will react to the various election scenarios
▼ + stars: | 2024-11-04 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Here's how Bank of America suggests trading a variety of Election Day outcomes. Split Republican control A Trump White House with a largely Democratic Congress is overall neutral for equities, Kwon said. Split Democratic control The status quo would be maintained with a Harris White House and a Republican Congress, Kwon said. Over the past seven election cycles, the two-week price direction for stocks was identical to one day after election day every single time. Outside of the election, Kwon said that the Fed could have ample reason to cut further.

Persons: Ohsung Kwon, Kwon, Donald Trump, Trump, Kamala Harris, Harris Organizations: Bank of America, Trump, Republican, Trump White House, Democratic, Harris White, Federal

☆ I went to Big Sky — the luxurious ski destination that's giving Aspen a run for its money
▼ + stars: | 2024-11-04 | by ( Noah Lederman | ) www.businessinsider.com time to read: +6 min

The Big Sky ski area is still expanding, with more impressive enhancements on the way. Today, however, Big Sky is giving Aspen a run for its money — it's now the third-largest ski area in America. Trams are rare at American ski resorts — there are only 12 in operation across the country, setting Big Sky apart. Big Sky is giving the likes of Aspen a run for its moneyBig Sky has innovative lifts, luxury resorts, and plenty of fine dining. As such, Big Sky may just become the place where the rich and famous choose to play in the winter.

Persons: —, — it's, Bill Gates, Tom Brady, Dan Tosch, résistance, carpaccio, James Beard, Bartenders, cowgirls, we're Organizations: Aspen, Service, Sky, People, Yellowstone Club, Big Sky, Aspen —, — Locations: Big Sky , Montana, Rocky, Aspen , Colorado, America, New York, Montana, Aspen, Dan Tosch Aspen , Colorado

☆ Next U.S. president shouldn't surrender America's energy dominance, TotalEnergies CEO warns
▼ + stars: | 2024-11-04 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Whoever wins the 2024 U.S. election should work to preserve America's energy dominance rather than risk losing it, TotalEnergies CEO Patrick Pouyanne told CNBC on Monday. The U.S. is the world's largest oil producer, accounting for 22% of the global total, according to the Energy Information Administration, with Saudi Arabia next, producing 11%. The vast majority of U.S. crude is consumed within the country, which is also the world's largest oil consumer. Roughly 64% of total U.S. crude oil production is shale and the French international energy firm CEO said the U.S. will also soon be No. Looking ahead to the election, former President Donald Trump and the Republican party have long been proponents of U.S. shale production, pushing for deregulation of the industry and an expansion of drilling projects — drawing the ire of climate activists and many on the left.

Persons: Patrick Pouyanne, Pouyanne, CNBC's Dan Murphy, Donald Trump Organizations: CNBC, Energy Information Administration, French, U.S, Republican Locations: U.S, Saudi Arabia, Abu Dhabi

☆ Watch Monday's full episode of Fast Money — November 4, 2024
▼ + stars: | 2024-11-04 | 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 — November 4, 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 late-September reports, strategists at J.P. Morgan and Fitch Ratings had predicted two additional interest rate trims by the end of 2024 and expect such reductions to continue into 2025. The CME Group's FedWatch tool puts the probability of a 25-basis-point cut at this week's November meeting at 98%. The current probability of the benchmark rate being taken down by another 25 basis points at the December meeting is 78%. "The end of financial repression, of zero interest rates and zero inflation, that era is over. Interest rates will be higher, will be challenged around the world.

Persons: Brendan McDermid, Saudi Arabia —, aren't, Morgan, CNBC's Sara Eisen —, Goldman Sachs, Carlyle, Morgan Stanley, Jenny Johnson, Franklin Templeton, Larry Fink, " Fink, David Solomon, Ted Pick, Pick, Francis Fukuyama Organizations: New York Stock Exchange, Reuters, Wall, Federal Reserve, Fed, Fitch, Saudi, Future Investment Initiative, Standard Chartered, CNBC, U.S . Bureau of Labor Statistics Locations: Reuters RIYADH, Saudi Arabia, U.S, BlackRock

☆ TGI Friday's files for Chapter 11 bankruptcy
▼ + stars: | 2024-11-02 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

TGI Friday's Inc. filed for Chapter 11 bankruptcy protection on November 2. Manocha said the "primary driver" of TGI Friday's financial struggles "resulted from COVID-19 and our capital structure." Few customers want to spend time and money at a casual dining restaurant, and many of them are dated." AdvertisementAhead of Saturday's announcement, TGI Friday's had faced a string of location closures as pressure on the business mounted. Business Insider has contacted TGI Friday's for comment.

Persons: —, Rohit Manocha, Manocha, Tim Powell, Powell, Friday's, TGI Friday's Organizations: Friday's Inc, Service, Inc, Northern District of Texas Locations: Northern District, COVID, sameness

☆ Here are the 8 top cities people are moving to for cheaper rent
▼ + stars: | 2024-11-02 | by ( Christine Ji | ) www.businessinsider.com time to read: +3 min

Bank of America shares the top eight cities people are moving to for cheaper rent. The rent hikes are driving people to move to cheaper areas, according to Bank of America. That discrepancy between Bank of America's data and the official rate of rent inflation indicates that people are moving to find more affordable rent instead of staying put, the bank said. Related Video Why rents are still setting record highs in some US citiesThis isn't a new trend — the pandemic led to many people moving to places with cheaper rent as remote work became normalized. Bank of America identified eight cities where people are moving to for cheaper rent below the national average, indicated by a net positive population inflow in Q3 2024.

Persons: — Organizations: Bank of America, Service, Consumer, of, Consumers, Redfin Locations: West, Northeast, York, Boston, San Francisco, San Jose, Los Angeles, Southern

☆ Why all eyes are on America's fallen tech giant Intel, which is losing its spot in the Dow Jones Industrial Average
▼ + stars: | 2024-11-02 | by ( Helen Li | ) www.businessinsider.com time to read: +9 min

Nvidia will be replacing Intel in the Dow Jones Industrial Average. In the past several years, it has fallen from grace, failing to jump on the AI train in time. The S&P Dow Jones Indices said Friday that Nvidia will replace Intel on the Dow Jones Industrial Average, a blue-chip index intended to project the most relevant picture of the US economy. Habana helped launch Intel's next-generation Gaudi AI chip for businesses this year. AdvertisementEven if Qualcomm acquired Intel, it's unclear what it would do with Intel's manufacturing operations.

Persons: —, Dow, Pat Gelsinger, Stacy Rasgon, Paul Otellini, Otellini, OpenAI, Habana, Intel's, Gaudi, Rasgon, Bryan Catanzaro, Logan Purk, Edward Jones, nipping, Purk, TSMC, Dan Morgan, Morgan Organizations: Intel, Nvidia, Dow Jones, Qualcomm, Service, VMware, Bernstein Research, Apple, Reuters, Microsoft, Systems, Habana Labs, Companies, AMD, Samsung, Wall Street, Apollo Global Management, Bloomberg, Broadcom, Biden Locations: Arizona, Ohio, Nervana, Synovus

Search resuls for: "America's"

25 mentions found