Tesla CEO Elon Musk (R), Co-Chair of the newly announced Department of Government Efficiency (DOGE) carries his son on his shoulders at the U.S. Capitol following a meeting with businessman Vivek Ramaswamy (L), Co-Chair of the newly announced Department of Government Efficiency, Rep. Kat Cammack (C), and other members of the U.S. Congress on December 05, 2024 in Washington, DC. Anna Moneymaker | Getty ImagesA multi-day firestorm has erupted over comments made by two incoming advisers to President-elect Donald Trump about H-1B temporary worker visas, a carve-out for high-skilled workers that some in MAGA world say are taking American jobs. The…
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Check out the companies making headlines in midday trading: Rigetti Computing — The quantum computing stock soared 10%, adding to the sector’s robust end-of-year rally . Shares of Rigetti are now up 1,674% on the year. KULR Technology Group — Shares pulled back around 9%, reversing the gains seen in the previous session. On Thursday, the stock advanced more than 40% after the space technology company said it bought 217.18 bitcoin worth about $21 million. This was the company’s first purchase since it announced a new bitcoin treasury initiative on Dec. 4, when bitcoin passed the $100,000 level for the…
Investors may not be getting as many rate cuts as they had hoped in 2025, but there are still plenty of solid tailwinds for dividend-paying stocks. The Federal Reserve last week penciled in two interest rate cuts in the new year, fewer than the four reductions policymakers predicted back in September. A falling interest rate environment generally bodes well for dividend-paying stocks, as they have an easier time competing against the yields on risk-free Treasurys. “In the construct of the Fed lowering rates, you see money market rates starting to come down as well,” Charles Gaffney, managing director at Morgan…
With a fair share of familiar obstacles and challenges ahead, 2025 will begin with a largely optimistic view for the U.S. economy. Elevated interest rates, potential weakening in the labor market and a likely volatile political climate on Capitol are just some of the hurdles the nearly $30 trillion economy will face. But with consumers holding strong in the face of persistent inflation, corporate profits again expected to surge and the prospect for a more business-friendly environment in Washington, the mood on Wall Street is largely buoyant heading into the new year. “There’s a strong probability that this economy accelerates…
It was an absolutely wild year for the U.S. women’s national team: a new head coach, an Olympic gold medal and more retirements from the greats of the program, from forward Alex Morgan to goalkeeper Alyssa Naeher to former captain and centerback Becky Sauerbrunn.It was a year of change, a year of joy and a year of re-establishing the team on the world stage, earning back the No. 1 world ranking. 2024 was a year of goodbyes, even as this summer felt like an introduction to a new version of the USWNT, led by players such as Trinity Rodman, Sophia…
Crypto investors are ready for the new year, and for bullish post-election market themes – notably a pro-crypto government and the promise of easier regulation – to drive capital into the industry. Bitcoin and other cryptocurrencies rocketed after the November election – boosted by President-elect Donald Trump’s promise to embrace the industry in his new term – only to be smacked last week when the Federal Reserve indicated fewer interest rate cuts in 2025 than previously anticipated. The support of the new administration, however, is seen as overwhelming any central bank obstacles, potentially spurring bitcoin to double its current price.…
Competitive dynamics around custom AI chips cannot be ignored. Source link
Manchester City attempted 683 passes in their 1-1 draw with Everton, but it was one that Nathan Ake refused that revealed the tensions that are gnawing at them. It came just as another flurry from Pep Guardiola’s side was beginning to settle down. A familiar sense of exasperation was already brewing in the stands — fans reflecting on Iliman Ndiaye’s sensational equaliser, that came from Everton’s first touch in the City box — but after a strong start to the second half, including a rare Erling Haaland penalty miss, adrenaline and indignation was beginning to take hold. There was a roar as…
Emergency specialists work at the crash site of an Azerbaijan Airlines passenger jet near the western Kazakh city of Aktau on December 25, 2024. The Embraer 190 aircraft was supposed to fly northwest from the Azerbaijani capital Baku to the city of Grozny in Chechnya in southern Russia, but instead diverted far off course across the Caspian Sea. It crashed on December 25, 2024 near the city of Aktau in Kazakhstan. Issa Tazhenbayev | Afp | Getty ImagesAn investigation into the deadly crash of an Azerbaijan Airlines flight in Kazakhstan earlier this week came after the passenger plane experienced “physical and technical external…
Advanced Micro Devices remains one of the most compelling opportunities in the semiconductor space, well-positioned to capitalize on the ongoing AI revolution, accelerating data center demand, and robust growth in high-performance computing. Despite recent stock weakness, AMD’s strategic positioning in emerging technologies, particularly its MI300 artificial intelligence accelerator s and EPYC server processors , gives the company an edge in capturing market share from competitors. AMD”s long-term growth potential is underpinned by its ability to innovate and deliver best-in-class products across gaming, data centers and AI. As the demand for AI chips intensifies, AMD’s competitive positioning against dominant players like…
