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☆ Deutsche Bank sees the S&P 500 hitting 7,000 in 2025 on the back of rising risk appetite
▼ + stars: | 2024-11-25 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Binky Chadha, Deutsche Bank chief global strategist, set a year-end 2025 target for the S & P 500 of 7000, which would translate into a 17% gain from current levels. "We see S & P 500 buybacks rising from an annual run rate of $1.1 trillion currently to about $1.3 trillion next year, rising in line with earnings. .SPX YTD mountain S & P 500 The S & P 500 is looking to wrap up a strong 2024 with a bang, thanks to optimism toward President-elect Donald Trump 's market-friendly policies. For 2025, Deutsche Bank sees stronger growth in the U.S. on the back of potential tax cuts and a deregulation push under the incoming Trump administration. Deutsche Bank is not the first Wall Street firm to release a rosy equity outlook after the presidential election.

Persons: Binky, Chadha, Donald Trump, Trump, Goldman Sachs Organizations: Deutsche Bank, Fed, UBS Locations: U.S

☆ CNBC Daily Open: Small- and mid-caps stole the limelight last week
▼ + stars: | 2024-11-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +5 min

NYSEThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayWinning week for marketsMajor U.S. indexes rose on Friday to end the week in the green, despite mega-cap stocks Nvidia and Alphabet shares dropping. [PRO] Interest rates back in focusThis week, the October personal consumption expenditures price index, out Wednesday, will dominate attention. The Dow Jones Industrial Average was 2% higher for the week and the S&P 500 and Nasdaq Composite both climbed around 1.7%.

Persons: GOOG, Donald Trump, Scott Bessent, Bessent, Kevin Warsh, Marc Rowan, Sir Richard Branson, Russell, Sam Stovall, Sundeep Gantori, — CNBC's Pia Singh, Alex Harring, Jesse Pound Organizations: New York Stock Exchange, NYSE, CNBC, U.S, Trump, Treasury, Fed, Anthropic Amazon, COP29, Virgin, U.S . Federal Reserve, Federal, Market, Nvidia, U.S . Department of Justice, Big Tech, Dow Jones, Nasdaq, Super Micro Company, CFRA Research, NVIDIA, UBS Locations: New York City, Anthropic, Azerbaijan

☆ Stock futures inch higher on Monday after Dow closes at another record: Live updates
▼ + stars: | 2024-11-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during afternoon trading on Aug. 2, 2024. Stock futures edged higher in overnight trading Monday, after the Dow Jones Industrial Average closed at a new record. Futures tied to the Dow added 30 points, or 0.1%, while S&P 500 futures and Nasdaq 100 futures rose 0.1% and 0.2%, respectively. The 30-stock Dow popped more than 440 points, or about 1%, to a new record close during regular trading. The Russell 2000 hit a new intraday high — its first record since 2021 — as investors piled into small caps.

Persons: Kohl's, Stocks, Donald Trump's, Dow, Russell, Scott Bessent, NewEdge’s Cameron Dawson, CNBC's Organizations: New York Stock Exchange, Dow Jones, Dow, Nasdaq, President, Trump, Key Square, Treasury Locations: U.S

☆ This rotation trade is just getting going, says KKM's Jeff Kilburg
▼ + stars: | 2024-11-25 | 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 EmailThis rotation trade is just getting going, says KKM's Jeff KilburgJeff Kilburg, founder and CEO of KKM Financial, joins CNBC's 'Power Lunch' to discuss how to position in the short trading week.

Persons: Jeff Kilburg Jeff Kilburg Organizations: KKM

☆ Trump ups the ante on tariffs, vowing massive taxes on goods from Mexico, Canada and China on Day 1
▼ + stars: | 2024-11-25 | by ( David Goldman | ) edition.cnn.com time to read: +6 min

CNN —President-elect Donald Trump on Monday promised massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his administration. What America importsThe United States’ top import from Canada is oil, which reached a record 4.3 million barrels per day in July, according to the US Energy Information Administration. The United States imports a significant amount of electronics from China, in addition to machinery, toys, games, sports equipment, furniture and plastics. The Trump tariffs also hit foreign steel, aluminum, washing machines and solar panels. He did just that when he was last in the White House, placing large tariffs on goods, primarily from China.

Persons: Donald Trump, Trump, ” Trump, “, ”, Liu Pengyu, ” Liu, Dow, Karl Schamotta, United Nations ’, It’s, Scott Bessent, Bessent’s, Trump’s, CNN’s Matt Egan, Jack Forrest Organizations: CNN, United, Embassy, United States, Canadian, Nasdaq, Treasury, America, US Energy Information Administration, United Nations, Commerce Department, Peterson Institute for International Economics, Senate, Commerce, US Trade Representative Locations: Mexico, Canada, China, “, United States, United, America

☆ Consolidation likely ahead for Bitcoin as it nears $100k benchmark, says Fairlead's Katie Stockton
▼ + stars: | 2024-11-25 | 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 EmailConsolidation likely ahead for Bitcoin as it nears $100k benchmark, says Fairlead's Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, on technicals, joins 'Squawk Box' to discuss how to use technicals to trade Bitcoin, downside support for Bitcoin, and much more.

Persons: Katie Stockton Katie Stockton Locations: Bitcoin

Starbucks' airport location staff — and company technology — will be put to the test this week during some of the busiest travel days of the year. For the aviation industry, bottlenecks at airport Starbucks are just another sign of soaring demand and overcrowded airports. Licensing modelA challenge for Starbucks is that licensees — not Starbucks itself – operate its airport locations. Starbucks opened its first airport location with licensee HMSHost in 1991 at Seattle-Tacoma International Airport, which serves Starbucks' hometown. While HMSHost still operates the overwhelming majority of Starbucks' airport cafes, more operators, such as Paradies Lagardere and OTG, have since taken a swing at it.

Persons: Jeff Greenberg, Coresa Barrino, Brian Niccol, Niccol, Jennifer Simkins, Ursula Cassinerio, HMSHost, Paradies, OTG, Mark Kalinowski, Leslie Josephs, Kevin Schimpf, Sara Senatore ., Senatore Organizations: Miami International Airport, Universal, Getty, Starbucks, New, Transportation Security Administration, U.S . Department of Transportation, Aviation Administration, Dallas Fort Worth International, International, Airlines, Tacoma International Airport, HMSHost, Equity Research, LaGuardia, CNBC, Bank of America Locations: Miami, Charlotte , North Carolina, Charlotte, Chipotle, U.S, Seattle, New York City

☆ This is the biggest question in AI right now
▼ + stars: | 2024-11-24 | by ( Lakshmi Varanasi | Lloyd Lee | ) www.businessinsider.com time to read: +4 min

AdvertisementAI leaders are rethinking data-heavy training for large language models. Traditional models scale linearly with data, but this approach may hit a dead end. Now, AI leaders are rethinking the conventional wisdom about how to train large language models. The focus on training data arises from research showing that transformers, the neural networks behind large language models, have a one-to-one relationship with the amount of data they're given. The money going into AI has largely hung on the idea that this scaling law "would hold," Scale AI CEO Alexandr Wang said at the Cerebral Valley conference this week, tech newsletter Command Line reported.

Persons: Alex Voica, Mohamed, Alexandr Wang, It's, Aidan Gomez, Gomez, Richard Socher, we're, Kevin Scott, Waleed Kadous, Uber Organizations: Meta, Google, University of Artificial Intelligence, Command, Microsoft, Sequoia Capital's, OpenAI's o1, o1 Locations: University, ChatGPT, gpt

☆ Rich Americans Are Buying up Old French Chateaus, Mansions
▼ + stars: | 2024-11-24 | by ( Astrid Landon | ) www.businessinsider.com time to read: +11 min

All across France, there's a glut of châteaus for sale. Plans require approval by the French minister of culture, and work must be done by designated specialists. "I decided not buying a château in France was going to be more detrimental to my health than buying one." For many French sellers, what strikes Americans as romantic has come to feel like a curse. "I live in a château," Engel reminds himself when he's feeling overwhelmed.

Persons: Mark Goff, Phillip Engel, Goff, Château Avensac, Astrid Landon, they've, Engel, Adrian Leeds, who's, Gonzague Le, Le Nail, it's, Michel Tarrible, Engel's, Abigail Carter, Carter, —, — Carter, Château de, Williams, d'Aubigny, château, he's, It's, Henrys d'Aubigny, l'Espinay, Borie, They've Organizations: YouTube, World Trade Center Locations: France, California, Gers, France —, Versailles, American, Paris, Avensac, Sonoma County, San Francisco, Canada, London , Massachusetts, New Jersey, Seattle, Agen, Brittany, Ohio, Château

☆ Uruguay’s once-dull election has become a dead heat in the presidential runoff
▼ + stars: | 2024-11-24 | by ( Associated Press | ) edition.cnn.com time to read: +6 min

Orsi’s Broad Front took 44% of the vote while Delgado’s National Party won 27% in the first round of voting Oct. 27. Most polls have shown a virtual tie between Delgado and Orsi, with nearly 10% of Uruguayan voters undecided even at this late stage. Uruguay's presidential candidate for the Republican Coalition, Alvaro Delgado, waves to supporters outside a polling station after voting during the presidential runoff election in Montevideo on November 24. Delgado served most recently as Secretary of the Presidency for Lacalle Pou and promises to pursue his predecessor’s pro-business policies. Uruguay's presidential candidate for the Frente Amplio party, Yamandu Orsi, greets supporters after voting during the presidential runoff election in Canelones, Uruguay, on November 24.

Persons: — Uruguayans, Álvaro Delgado, Luis Lacalle Pou, Colorado Party –, Delgado, Kamala, ”, Nicolás Saldías, Alvaro Delgado, Dante Fernandez, Orsi, Lacalle Pou –, Lacalle, –, Lacalle Pou, Yamandu Orsi, Eitan Abramovich, José “ Pepe ” Mujica, “, ” Delgado, Uruguayans Organizations: Delgado’s National Party, –, Colorado Party, Congress, Frente, Trump, Intelligence Unit, ”, Republican Coalition, AFP, Getty, National Party, International Monetary Fund, Marxist Locations: MONTEVIDEO, Uruguay, American, America, Caribbean, London, Montevideo, China, Mercosur, South, Canelones, Latin America, ”, Beijing, Pocitos

☆ The FTC is investigating Microsoft for anticompetitive practices, some of which may have been directed at the government itself
▼ + stars: | 2024-11-24 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Lina Khan, chair of the Federal Trade Commission, said her agency plans to investigate Microsoft for anticompetitive practices in the cloud market. A recent report from ProPublica found that the government itself might also have been a target of those anticompetitive practices. Microsoft offered the government access to its G5 security capabilities free for the first year as well as consultants to help install the products, ProPublica reported. The goal was to "spin the meter" for Azure and help it gain market dominance over its competitor, Amazon, a sales representative for Microsoft told ProPublica. However, legal expert James Nagle, who specializes in the federal contracting process, told ProPublica, "This is not truly gratuitous.

Persons: ProPublica, Lina Khan, James Nagle, Peter Cohan, Steve Faehl Organizations: Microsoft, Federal Trade Commission, Babson College, Business, Administration

☆ Stock futures rise Sunday ahead of shortened trading week: Live updates
▼ + stars: | 2024-11-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange on Nov. 22, 2024 in New York City. U.S. stock futures climbed Sunday night as Wall Street kicked off a shortened Thanksgiving trading week. Despite this week's shortened trading week, the interest rate outlook is back in focus with the release of October's personal consumption expenditure (PCE) price index, the Federal Reserve's preferred inflation measure. On the corporate earnings front, several retailers and tech names are slated to release quarterly results during the week. On Tuesday, retailers Macy's, Nordstrom and Best Buy are reporting results, as well as tech companies CrowdStrike and Dell Technologies.

Persons: Russell, Donald Trump, Scott Bessent, Trump, Bessent, Phillip Colmar, Nordstrom Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow, Key Square, Treasury, MRB Partners, President, Federal, Dell Technologies Locations: New York City . U.S

☆ Fund managers at Fidelity share how they’re playing China’s stimulus plans
▼ + stars: | 2024-11-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

For two fund managers at Fidelity International, Beijing's latest stimulus announcements were significant enough for them to buy more beaten-down real estate stocks. "We have been moderately increasing our position in China," Zhou said. Zhou and Ben Li are co-managers of Fidelity's Greater China Fund . One of the top 10 holdings of Fidelity's Greater China Fund is Chinese online booking platform Trip.com . Earnings comments in the last two weeks from major Chinese companies have underscored how it will take time to see the impact of stimulus .

Persons: Theresa Zhou, Zhou, Ben Li, Li, Daniel Zipser's, Zipser, Nomura, Donald Trump's Organizations: Fidelity International, CNBC, China Fund, McKinsey, TCL, Fidelity Locations: China, BOE, Shenzhen

☆ Trump Tariffs: Businesses, Americans Are Preparing for Higher Prices
▼ + stars: | 2024-11-24 | by ( Emily Stewart | ) www.businessinsider.com time to read: +10 min

They're trying to figure out what to do. They're trying to figure out what to do. Thanks to muscle memory from the tariffs Trump imposed in 2018, he says, many businesses are speeding up their shipping schedules — racing to get as many goods as possible into the country before any new tariffs are implemented. So did dryers, even though they weren't subject to tariffs — companies figured customers would assume that two related products were subject to the same inflationary forces. Related stories"If they can accelerate big purchases they know they're going to make, they should do that," says Lovely, the senior fellow at the Peterson Institute.

Persons: Donald Trump's, I'm, I've, Jolie, Trump, Greg Daco, Mary Lovely, Ernie Tedeschi, Biden, Steve Madden, Paul Brashier, Brashier, Stephen Lamar, Mike Brey, Brey, Lindsay Owens, Tedeschi, it's, didn't, Emily Stewart Organizations: Trump . Companies, Yale Budget, Peterson Institute, Yale Budget Lab, ITS Logistics, Trump, American Apparel and Footwear Association, Hobby Works, tote, Apple Watch, Business Locations: United States, New York City, China, EY, American, Vietnam, Mexico, USA

☆ I want to thank shortsighted stock traders for allowing us to win the long game
▼ + stars: | 2024-11-24 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

I lost my church years ago, defrocked by the desire to teach through "Mad Money" and the Investing Club. The Investing Club owns them all except Tesla. 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: Mark Haines, Disney, Joe Kernen, David Faber, Andrew Ross Sorkin, Becky Quick, Larry Kudlow, Cramer, Haines, Rowan, Transocean, Jim Bob, Kudlow, Lazarus, Tesla, Russell, Jim Cramer's, Jim Cramer, Jim, Rob Kim Organizations: TikTok, Financial News Network, CNBC, Wall, Journal, GMA, Fox Business, Federal, Investing, Microsoft, Nvidia, Investing Club, Jim Cramer's Charitable Locations: TheStreet.com, gander

☆ 6 things we’re watching in the stock market in the holiday-shortened trading week ahead
▼ + stars: | 2024-11-24 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

While the magnitude of the guidance beat was perhaps not enough to satiate the most demanding of bulls, the stock was flat on the week. Our other cybersecurity stock, CrowdStrike , is one of the main events of this holiday-shortened week on Wall Street. We added to our CrowdStrike exposure last week after the stock came under pressure due to increased geopolitical tensions . ET: Pending Home Sales Thursday, Nov. 28 Stock market closed for Thanksgiving holiday Friday, Nov. 29 Stock market closes early at 1 p.m. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Donald Trump's, HomeGoods, Tuesday's, Trump, We'll, LSEG, CrowdStrike, Dow Jones, —, Jim Cramer's, Jim Cramer, Jim Organizations: Nvidia, Dow Jones, Nasdaq, Dow, Companies, Palo Alto Networks, Federal, Home, Palo, Body, Fluence Energy, Agilent Tech, Abercrombie, Fitch, DICK'S Sporting, Dell Technologies, Autodesk, HP, Urban Outfitters, Nordstrom, Jim Cramer's Charitable, CNBC, The New York Stock Exchange, NYSE Locations: Maxx, U.S, Burlington

☆ Goldman Sachs says these 11 stocks are next in line to benefit from the AI wave as Magnificent 7 dominance starts to fade
▼ + stars: | 2024-11-24 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

Just seven stocks have fueled much of the market's rally: Amazon, Apple, Alphabet, Microsoft, Meta, Nvidia, and Tesla. Move over, Magnificent SevenAfter an incredible two-year rally, it's may be difficult to see the Magnificent Seven cooling off. For context, the Magnificent Seven outperformed the rest of the S&P 500 by 22% so far this year and 63% in 2023. "And so our analysis is there's potential for multiple expansion in those stocks," Kostin added. To find companies likely to see enhanced revenues from AI, Goldman Sachs analyzed recent messaging from company management regarding AI rollout.

Persons: Goldman Sachs, Tesla, David Kostin, Kostin, That's, Goldman Organizations: Microsoft, Meta, Nvidia, Digital Realty

☆ Trump picks Brooke Rollins to be agriculture secretary
▼ + stars: | 2024-11-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

President-elect Donald Trump has chosen Brooke Rollins, president of the America First Policy Institute, to be agriculture secretary. “As our next Secretary of Agriculture, Brooke will spearhead the effort to protect American Farmers, who are truly the backbone of our Country,” Trump said in a statement. Department of Agriculture officials and staff negotiate trade deals, guide dietary recommendations, inspect meat, fight wildfires and support rural broadband, among other activities. The America First Policy Institute is a right-leaning think tank whose personnel have worked closely with Trump’s campaign to help shape policy for his incoming administration. Trump has said he again plans to institute sweeping tariffs that are likely to affect the farm sector.

Persons: Donald Trump, Brooke Rollins, Brooke, ” Trump, Rollins, “, Trump, Kelly Loeffler Organizations: America, Policy Institute, Agriculture, American Farmers, Senate, Department of Agriculture, American Farmer, American Food, CNN Locations: Trump’s, U.S, Mexico, Canada

☆ Trump expected to pick Brooke Rollins to be Agriculture secretary, WSJ reports
▼ + stars: | 2024-11-23 | by ( ) www.cnbc.com time to read: +2 min

A sign of United States Department of Agriculture is seen on USDA building in Washington D.C., United States on June 21, 2023. The United States Department of Agriculture has approved selling cell-cultured chicken. (Photo by Celal Gunes/Anadolu Agency via Getty Images)U.S. President-elect Donald Trump is expected to pick Brooke Rollins, president of the America First Policy Institute, to be Agriculture secretary, The Wall Street Journal reported on Saturday. Department of Agriculture officials and staff negotiate trade deals, guide dietary recommendations, inspect meat, fight wildfires and support rural broadband, among other activities. The America First Policy Institute is a right-leaning think tank whose personnel have worked closely with Trump's campaign to help shape policy for his incoming administration.

Persons: Celal Gunes, Donald Trump, Brooke Rollins, Rollins, Trump, Kelly Loeffler Organizations: United States Department of Agriculture, Washington D.C, Anadolu Agency, Getty Images, America, Policy Institute, Street, Department of Agriculture, CNN Locations: Washington, United States, Trump's, U.S, Mexico, Canada

☆ China's 'ruinous' EV price war cannot last forever, says Volkswagen exec
▼ + stars: | 2024-11-23 | by ( Chris Johnston | Daniel Zwick | ) www.businessinsider.com time to read: +4 min

AdvertisementVolkswagen is committed to China despite a "ruinous" domestic EV price war, its brand chief says. Volkswagen remains firmly committed to China despite a "ruinous" EV price war by domestic rivals that has hit overseas automakers hard, its boss said. VW group sales in China fell by 12% in the first nine months of this year amid the rising popularity of models made by domestic manufacturers. Toyota maintained its top spot in the world for the fourth consecutive year in 2023, selling 11.2 million vehicles globally — about 2 million more than the VW group. "We build cars in China for China; the same is happening in Europe and North America.

Persons: Thomas Schäfer, Schäfer, Axel Springer, Mary Barra, Wang He, Donald Trump's, Trump, Elijah Nouvelage Organizations: Volkswagen, VW, Welt, Business, General, Rival German, BMW, Mercedes, Benz, Audi, Porsche, Labor, Toyota Locations: China, Germany, Europe, Spain, Czech Republic, Portugal, Slovakia, USA, Mexico, Canada, Chattanooga , Tennessee, North America

☆ Trump's pick for Treasury secretary shows there's a limit to Elon Musk's influence
▼ + stars: | 2024-11-23 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Musk recently said his choice for the influential Treasury secretary role would be Howard Lutnick. As President-elect Donald Trump assembles the key players to drive his new administration's agenda, Elon Musk is rarely far away. Trump tapped hedge fund manager Scott Bessent, the founder and chief executive of Key Square Group, to be his next Treasury secretary on Friday. Bessent, a Wall Street veteran and a top economic advisor to Trump, emerged as a favorite of the president-elect while on the campaign trail this year. The Wall Street Journal reported that Trump sought advice from Wall Street leaders for the Treasury spot, and his advisors told him that analysts would view Bessent as a stabilizing figure.

Persons: Elon, Donald Trump's, Musk, Howard Lutnick, Trump, Scott Bessent, Donald Trump, Elon Musk, Vivek Ramaswamy, Bessent, Cantor Fitzgerald, — Organizations: Mar, UFC, of Government Efficiency, Trump, Key Square, Wall Street, Senate, Street Journal, Treasury, Business Locations: Lago, Florida, New York, Trump's, United States

☆ Meet 21 DC power players who shape federal policy for chip companies like Intel, Nvidia, and TSMC
▼ + stars: | 2024-11-23 | by ( Helen Li | ) www.businessinsider.com time to read: +3 min

AdvertisementThe CHIPS and Science Act, offering over $30 billion in incentives, spurred semiconductor lobbying. Related VideoAmerican manufacturers like Intel and Micron boosted their lobbying funding, while foreign companies like TSMC assembled their DC-based government relations teams in response. Business Insider reviewed lobbying public disclosure reports associated with various chip companies and focused on the top listed lobbyists and governmental affairs departments. Only three companies—Polar Semiconductor, Global Foundries, and TSMC—have finalized funding contracts out of 21 set to receive CHIPS Act grant funding. The spokesperson declined to comment on chip lobbying efforts and the specifics of individual CHIPS applicants.

Persons: TSMC, Chris Miller, Joe Biden's, Donald Trump, Joe Rogan, TSMC —, Lori Yue, Yue, Trump, Howard Lutnick, Cantor Fitzgerald Organizations: Nvidia, TSMC, Intel, Big Tech, Micron, AMD, Business, Polar Semiconductor, Global, of Commerce, Companies, Columbia Business School, The Locations: Washington, Washington ,, Taiwan

☆ Trump’s Trade Agenda Could Benefit Friends and Punish Rivals
▼ + stars: | 2024-11-23 | by ( Ana Swanson | ) www.nytimes.com time to read: +1 min

The sweeping tariffs that President-elect Donald J. Trump imposed in his first term on foreign metals, machinery, clothing and other products were intended to have maximum impact around the world. They sought to shutter foreign factories, rework international supply chains and force companies to make big investments in the United States. But for many businesses, the most important consequences of the tariffs, enacted in 2018 and 2019, unfolded just a few blocks from the White House. In the face of pushback from companies reliant on foreign products, the Trump administration set up a process that allowed them to apply for special exemptions. The stakes were high: An exemption could relieve a company of tariffs as high as 25 percent, potentially giving it a big advantage over competitors.

Persons: Donald J, Trump Organizations: United States Trade Representative, Commerce Department Locations: United States, China

☆ Fox hosts, cable news regulars and entertainment pros: Trump is casting a made-for-TV Cabinet
▼ + stars: | 2024-11-23 | by ( Steve Contorno | Kristen Holmes | ) edition.cnn.com time to read: +9 min

He has plucked two Fox News stars from their airwaves – Sean Duffy for Treasury secretary and Pete Hegseth to lead the Pentagon. Trump’s choice for ambassador to Israel, Mike Huckabee, had a six-year run hosting a Fox News show. As a former reality TV star, Trump is deeply attuned to the power of the small screen. Among the flurry of names for non-Cabinet roles that Trump announced Friday evening were also several former and current Fox News contributors. And Sebastian Gorka, whom Trump named senior director of counterterrorism, was a Fox contributor in 2018 and 2019.

Persons: Donald Trump’s, Sean Duffy, Pete Hegseth, Trump, Mehmet Oz, Linda McMahon, Mike Huckabee, Tulsi Gabbard, Tucker Carlson, Donald Trump, Eva Marie Uzcategui, Duffy, Rachel Campos, ”, “, Oz, Mike Waltz, Kristi Noem, Sen, Marco Rubio, Howard Luntick, Rebecca Quick, I’ve, Doug Burgum, Tom Homan, Homan, ” Trump, Matt Gaetz, Gaetz –, –, JD Vance, Scott Applewhite, Pam Bondi, Hegseth, headwinds, Chris Coons, CNN’s Manu Raju, Dr, Janette Nesheiwat, Marty Makary, Robert F, Kennedy Jr, Sebastian Gorka, Neil Gorsuch, Brett Kavanaugh, Larry Kudlow, Christina Bobb, Rupert Murdoch’s, Bret Baier, Kamala Harris, Vance, Rubio, Burgum, ” CNN’s Kate Sullivan, Manu Raju, Alayna Treene, Brian Stelter Organizations: CNN, Fox, Pentagon, Department of Education, Fox News, Trump, TV Cabinet, Fox Business, Medicare, Republicans, South Dakota Gov, Department of Homeland Security, Wall Street, CNBC, Commerce, North Dakota Gov, of, Interior, Republican, Capitol, Florida, and Drug Administration, “ Fox, Department of Health, Human Services, Salem Radio Network, National Economic Council, America News Network Locations: Israel, Mar, Palm Beach , Florida, Wisconsin, Minnesota, Pennsylvania, Florida, America, Spanish, Washington ,, Gaetz, Delaware, Ohio

☆ It's time to get serious about fixing the nation's power grid. That puts these stocks in a sweet spot
▼ + stars: | 2024-11-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

The U.S. electric grid needs a total body makeover. With Duke Austin, a fourth-generation lineman, at its helm, Quanta Services has a long history in electric power infrastructure. The backbone of the electric grid Transmission and distribution is the backbone of the electrical grid, delivering power from generation sites to consumers. PWR YTD mountain Quanta Services shares year to date MasTec MasTec has been in comeback mode. MYR Group Goldman expects MYR Group is well positioned for 2025.

Persons: Neil Mehta, Goldman Sachs, weren't, Goldman, Mehta, Duke Austin, Carly Davenport, Davenport, Austin, Goldman's Mehta, they're, MasTec, Jose Mas, MasTec's, Truist, Jamie Cook, McCoy, Cook, Ati Modak, Modak, MYR Organizations: U.S, Edison Electric Institute, MYR, CNBC, Management, MYR Group Locations: U.S, Austin

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