Facebook vice president of global public policy Joel Kaplan and Facebook CEO Mark Zuckerberg leave the Elysee Presidential Palace after a meeting with French President Emmanuel Macron on May 23, 2018 in Paris, France.Chesnot | Getty ImagesFacebook parent Meta is replacing President of Global Affairs Nick Clegg with Joel Kaplan, the company’s current policy vice president and a former Republican party staffer.The shake up comes three weeks before President-elect Donald Trump’s inauguration, and it’s the latest sign of how tech companies are positioning themselves for a new administration in Washington.Clegg, a former British deputy prime minister, said he is stepping…
Author: usaeverydaylife
Ken Griffin, founder and CEO of Citadel, speaks during The New York Times’ annual DealBook Summit in New York City, Dec. 4, 2024.Michael M. Santiago | Getty ImagesBillionaire investor Ken Griffin’s handful of hedge funds at Citadel all posted double-digit returns in 2024, led by its tactical trading strategy.Citadel’s multistrategy Wellington fund, its largest, finished the year up 15.1%, according to a person familiar with the returns. All five strategies used in the flagship fund — commodities, equities, fixed income, credit and quantitative — were positive for the year, the person said.The Miami-based firm’s tactical trading fund was the standout…
While growth stocks have been getting all the attention these days, certain dividend-paying exchange-traded funds have also been providing attractive total returns. In fact, dividend stocks could enjoy some further tailwinds this year as the Federal Reserve cuts interest rates. While the two rate decreases anticipated in 2025 are fewer than the four that were initially expected, a lower-rate environment of any size tends to help dividend payers as their yields become more competitive with the Treasury market. On top of that, possible corporate tax cuts from the Trump administration could juice companies’ cash flows, which may translate into some…
From left, Elon Musk, House Speaker Mike Johnson and Vivek Ramaswamy arrive for a meeting on Capitol Hill on Dec. 5, 2024.Al Drago/Bloomberg via Getty ImagesWhen Elon Musk and Vivek Ramaswamy laid out their vision for slashing the size of the federal government, they touted plans to bring workers back to the office full-time.Working from home was a “Covid-era privilege,” the duo, appointed by President-elect Donald Trump to lead a new so-called Department of Government Efficiency, wrote in a Nov. 20 Wall Street Journal op-ed.But labor economists don’t see the pandemic-era uptick in remote work as a passing fad.Instead, they…
Back in July, the boss brimmed with his trademark optimism.“It’s the best team we’ve fielded in a while,” Jim Irsay boasted. Weeks later, during a preseason game, the Indianapolis Colts’ 65-year-old owner spelled out his hopes for the coming season. “I think we have the kind of football team that can really make a difference and go beyond just making the playoffs, but winning playoff games.”For a man who has never shied away from speaking his mind — be it on social media, in postgame scrums outside the locker room or in late-night calls to local reporters — Irsay has…
Regulatory clarity and institutional adoption could drive bitcoin this year to more than double its current price, according to H.C. Wainwright. The firm raised its price target on the flagship cryptocurrency to $225,000 from $145,000, it said in a note to investors Thursday, implying upside of more than 130%. “Based on our analysis of historical price cycles and recent price action, along with the widely-held expectation for a more favorable regulatory environment for the digital assets industry in the U.S. in 2025 under the new administration, the availability of spot ETF products in the U.S., and accelerating institutional investor and…
Check out the companies making headlines in midday trading: Tesla — The electric vehicle maker slipped 5% after reporting its first ever annual vehicle deliveries decline . Tesla delivered 1.79 million vehicles in 2024, a drop from 1.81 million in 2023. Constellation Energy — Shares jumped 7% after the company secured a record-setting $1 billion in combined contracts to supply nuclear energy to the U.S. federal government. Unity Software — The video game stock surged 9% after online personality Keith Gill, also known by his online moniker Roaring Kitty, posted a gif on social media site X of a “Chappelle’s…
As the new year begins, Bank of America has a few short-term stock recommendations for investors looking to navigate the quarter ahead. Stocks made fresh all-time highs in 2024, pushing the S & P 500 to notch two consecutive years of annual gains above 20%. Wall Street continued its bets on artificial intelligence-related trades, across energy and technology, and remained optimistic on inflation progress and economic growth. “This remains a stock pickers market,” analyst Anthony Cassamassino wrote in a Thursday note to clients. Here are some of the firm’s top buy-rated picks for the first quarter: Bank of America is…
CFOTO | Future Publishing | Getty ImagesNoted short seller Hindenburg Research disclosed a bet against Carvana on Thursday, claiming the online used car retailer’s recent turnaround is a “mirage” that’s being propped up by unstable loans and accounting manipulation.The report centers on Carvana’s practice of loan sales as well as the business relationship between CEO Ernie Garcia III and his father, Ernest Garcia II, who is Carvana’s largest shareholder.Shares of Carvana were down about 3% Thursday. The stock increased nearly 400% in 2023, as the company improved results and reduced costs as part of a turnaround plan led by Ernie…
The New England Patriots and Buffalo Bills have played some exciting, compelling games over the years, going all the way back to their days as charter members of the old American Football League. But Sunday’s regular-season finale at Gillette Stadium promises to be nothing of the kind, what with the 3-13 Patriots looking to just get it all over with and the 13-3 Bills looking to rest their starters in advance of the playoffs.Sheesh. Where are television blackouts when we need them?If the Patriots’ 40-7 loss to the Los Angeles Chargers last week is any indication, Gillette Stadium will be…
