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U.S. stock and bond markets love Trump's pick of Bessent for Treasury — here's why

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Trump said he will pick the Wall Street figure to take on his administration's most important economic role.

Published: 2024-11-25 19:52:51

Trump vows an additional 10% tariff on China, 25% tariffs on Canada and Mexico

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The president-elect plans to raise tariffs by an additional 10% on all Chinese goods coming into the U.S., according to a post on his social media platform Truth Social.

Published: 2024-11-26 04:56:31

Walmart pulls back on DEI efforts, removes some LBGTQ merchandise from website

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The big-box retailer, the nation's largest, joins a growing list of companies feeling the heat from conservative activists.

Published: 2024-11-26 02:57:36

Zoom surpasses expectations and calls for another quarter of single-digit growth

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Zoom's business is still growing, but not nearly at the rate of expansion during the Covid-19 pandemic.

Published: 2024-11-25 23:22:44

Adani Group's troubles keep growing as financial and legal headwinds get stronger

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Adina Group's troubles are only growing as financial and legal headwinds get stronger

Published: 2024-11-26 07:19:03

Republicans gear up for the coming battle over $5 trillion tax cut's costs

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Republicans are united on extending the 2017 tax cuts, but at odds on how to offset the cost.

Published: 2024-11-25 21:44:06

Huawei launches first phones capable of running its new self-developed operating system

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Huawei launched the Mate 70, Mate 70 Pro and Mate 70 Pro+ and foldable Mate X6 on Tuesday that can run HarmonyOS NEXT, its self-developed operating system.

Published: 2024-11-26 09:36:48

Kohl's CEO Tom Kingsbury to step down in January, to be replaced by Michaels CEO Ashley Buchanan

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Kohl's CEO Tom Kingsbury is stepping down on Jan. 15, to be replaced by current Michaels CEO Ashley Buchanan.

Published: 2024-11-25 21:43:24

San Francisco Mayor-elect Daniel Lurie taps OpenAI's Sam Altman and other business leaders for help with transition

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San Francisco's Mayor-elect, Daniel Lurie, has begun tapping tech heavyweights and business leaders to help with his goal of overhauling the city's image.

Published: 2024-11-25 21:44:44

Warren Buffett suggests all parents do one thing before they die, whether they have 'modest or staggering wealth'

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Warren Buffett has advice for all parents, regardless of their wealth: let your adult children read your will before you sign it.

Published: 2024-11-25 20:14:16

Starbucks baristas can't view their schedules after ransomware attack on vendor

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Starbucks baristas are not able to view and manage their schedules because of a ransomware attack on one of the company's vendors.

Published: 2024-11-25 20:56:37

Tim Cook and other U.S. executives attend China expo, meet officials as Trump tariff threat looms

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A number of high-profile American business leaders are in China this week for the country's second annual international supply chain expo, including Apple's Tim Cook.

Published: 2024-11-26 07:08:57

Video platform Rumble plans to buy up to $20 million in bitcoin in new treasury strategy

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Conservative video platform Rumble said it will begin allocating some of its excess cash reserves to bitcoin and could buy up to $20 million in the crypto.

Published: 2024-11-26 01:47:37

Banana auction billionaire's $30 million investment in Trump's crypto token highlights new ways to enrich president-elect

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Billionaire Justin Sun, who paid $6.2 million for a banana at auction, has invested $30 million into Donald Trump's crypto venture token.

Published: 2024-11-26 04:06:38

Here's why our lone energy stock is falling despite a surge in natural gas prices

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Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Published: 2024-11-25 19:21:10

Gold plunges 3% as Trump Treasury pick and potential Israel-Hezbollah truce fuel risk-on mood

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A potential Israel-Hezbollah ceasefire agreement and Bessent's appointment were the key contributors to the bullion selloff, experts said. 

Published: 2024-11-26 03:22:07

Meet the start-up working to save newborn babies and democratize pregnancy care

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More than two million babies died in the first 20 days of their lives in 2022, and a startup, Biorithm, hopes to help prevent this with its monitoring device.

Published: 2024-11-26 06:14:00

Heathrow boss says 2025 to bring final decision on controversial third runway

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Thomas Woldbye told the Airlines 2024 conference he expected a final decision "one way or another" on the long-running project by the end of 2025.

Published: 2024-11-26 08:26:29

Wall Street launches new ways to bet on bitcoin

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Wall Street launches new trading tools to bet on the price of bitcoin

Published: 2024-11-25 20:14:00

Warren Buffett speaks out against creating family wealth dynasties, gives away another $1.1 billion

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"I've never wished to create a dynasty or pursue any plan that extended beyond the children," Buffett wrote in a lengthy letter Monday.

Published: 2024-11-25 16:19:43

Intel and Commerce Department close to finalizing roughly $8 billion CHIPS Act grant, source says

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The struggling chipmaker has cut jobs and pared back expansion plans as it grapples with its worst downturn ever, making the CHIPS Act money a welcome boost.

Published: 2024-11-25 16:55:52

Barbara Corcoran 'isn't buying' that employees are more productive at home—but she embraces hybrid work anyway

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Barbara Corcoran is skeptical that employees are more productive working from home. An expert says they are, especially when bosses prioritize connections.

Published: 2024-11-25 19:41:36

Macy's delays earnings release as it says employee hid up to $154 million in delivery expenses

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Macy's delayed its results after it discovered an issue related to the reporting of delivery expenses.

Published: 2024-11-25 21:29:48

'Hamilton' star Anthony Ramos lived in New York City on $420 a week when the show first started: 'I was struggling'

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One pivotal moment helped Grammy-winning actor Anthony Ramos realize he wasn't managing his money responsibly. Here's what he learned from it.

Published: 2024-11-25 19:23:17

Spanish retailer Mango to open 60 new U.S. stores as it looks to elevate the brand

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Barcelona-based Mango is looking to elevate its brand amid a broad U.S. expansion that will include 60 new stores and a new logistics center.

Published: 2024-11-25 13:00:01

Bitcoin's march to $100,000 stalls. Here's what's keeping it below the milestone

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Bitcoin is trading stubbornly below the $100,000 mark, putting the brakes on a blistering post-election rally.

Published: 2024-11-25 13:25:24

The auto industry is pulling back on its ‘capital junkie’ tendencies after unprecedented spending on EVs, self-driving

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After years of spending capital freely on all-electric and autonomous vehicles, automakers are starting to pull back.

Published: 2024-11-25 13:06:01

'Do I have a trust fund?' Viral 'teenager texts' highlight how little some kids know about money

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Chip Leighton's "teenager texts" on social media hilariously call out questions from kids to their parents, such as "Do I need to tip the eye doctor?"

Published: 2024-11-25 16:18:55

Russian food prices are soaring — but no one dares blame Putin and the war

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Russian President Vladimir Putin has denied that Russia has exchanged "butter for guns" and blamed the price rises on "unfriendly" countries.

Published: 2024-11-25 14:49:39

27-year-old making $108,000: 'I thrift just about everything and it definitely has helped me save a lot of money'—my top 3 tips

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Brooklyn Karasack started making outfits to wear to music festivals. Now she makes nearly all her clothes and primarily uses materials bought secondhand.

Published: 2024-11-25 19:22:27

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