TikTok Chief Executive Shou Zi Chew testifies before a House Energy and Commerce Committee hearing entitled “TikTok: How Congress can Safeguard American Data Privacy and Protect Children from Online Harms,” as lawmakers scrutinize the Chinese-owned video-sharing app, on Capitol Hill in Washington, March 23, 2023.Evelyn Hockstein | ReutersTikTok CEO Shou Chew is expected to attend President Trump’s inauguration and will sit on the dais next to other tech CEOs including Elon Musk, Mark Zuckerberg and Jeff Bezos, according to NBC News sources.Also expected to attend is Google CEO Sundar Pichai, a Trump transition official told NBC News.NBC News has reached…
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President-elect Donald Trump’s pick for Treasury secretary testifies Thursday before the Senate Banking Committee, both stating his case for the position and laying out the economic agenda for the new administration. Businessman Scott Bessent, an investor, hedge fund manager and billionaire political donor who once worked with George Soros, will offer remarks then take questions from the panel.In a statement he is expected to deliver, the anticipated Cabinet nominee will pitch Trump’s vision for America.”Today, I believe that President Trump has a generational opportunity to unleash a new economic golden age that will create more jobs, wealth and prosperity for…
With the new trading year officially underway, investors may be able to see even more gains with some stocks that are already poised for upside ahead, according to Goldman Sachs. “We believe upside asymmetry will be particularly attractive in 2025 given our economist’s above-consensus GDP view and our equity strategists’ equity upside view for the year,” the firm wrote in a Wednesday note. Goldman’s strategists expect the S & P 500 to hit 6,500 by the end of 2025 as a result of their belief that both the U.S. economy and earnings will continue to grow. While the broad market…
New Tesla cars are displayed at a Tesla dealership on December 20, 2024 in Corte Madera, California. Justin Sullivan | Getty ImagesDETROIT — Sales of all-electric vehicles and hybrid models reached 20% of new car and truck sales in the U.S. for the first time last year — marking a landmark year for “green” vehicles but coming at a slower pace than many had previously anticipated.Auto data firm Motor Intelligence reports more than 3.2 million “electrified” vehicles were sold last year, or 1.9 million hybrid vehicles, including plug-in models, and 1.3 million all-electric models.Traditional vehicles with gas or diesel internal combustion engines still…
Prime Minister Keir Starmer of Britain met with President Volodymyr Zelensky of Ukraine in Kyiv on Thursday, a show of solidarity four days before the inauguration of Donald J. Trump.The trip to Ukraine, Mr. Starmer’s first since he became prime minister over the summer, comes amid a flurry of diplomacy between Kyiv and its European allies, who are watching to see whether Mr. Trump maintains American support for Ukraine in the war against Russia.Britain is the third-largest provider of military aid to Ukraine, after the United States and Germany, and on Thursday Mr. Starmer and Mr. Zelensky signed a “100-year…
Manusapon Kasosod | Moment | Getty ImagesDub, a platform that allows retail traders to mimic the investments of notable people in business and government, debuted a service Thursday that pays select everyday investors to share their portfolios.Retail traders accepted into Dub’s so-called top creator program will be paid royalties for users to access their model portfolio. The creator program marks the latest push from Dub to sway mom-and-pop investors to its platform, which encourages users to forgo traditional stock picking and instead duplicate other traders’ portfolios.”Fundamentally, we are rethinking the distribution of how capital flows to investing talent,” said Steven…
A Spirit Airlines plane at New York’s LaGuardia AirportLeslie Josephs/CNBCSpirit Airlines is cutting about 200 jobs across the company as the struggling budget carrier seeks to reduce costs after it filed for Chapter 11 bankruptcy protection in November.”We are executing on plans to rightsize our organization to align with our current fleet size and level of flying and ultimately optimize our airline,” the airline told CNBC in a statement. “After reviewing our organizational structure, we have made the difficult decision to eliminate approximately 200 positions from various departments across the airline.”Spirit had about 13,000 employees at the time of its…
Israel’s Foreign Minister Gideon Sa’ar guest on television program Cinque Minuti. in the background the image of Israel’s Prime Minister Benjamin Netanyahu. Rome (Italy), January 15th, 2025 Mondadori Portfolio | Getty ImagesPrime Minister Benjamin Netanyahu said Thursday that a “last-minute crisis” with Hamas was holding up Israeli approval of a long-awaited ceasefire that would pause the fighting in the Gaza Strip and release dozens of hostages. Israeli airstrikes, meanwhile, killed at least 72 people in the war-ravaged territory.Netanyahu signaled there were issues with the deal shortly after U.S. President Joe Biden and key mediator Qatar announced it was complete. That created…
Check out the companies making headlines in premarket trading. UnitedHealth Group – Shares dropped more than 3% after the company’s fourth-quarter revenue came in below Wall Street’s expectations. UnitedHealth posted $100.81 billion for the top line, while analysts surveyed by LSEG were expecting $101.76 billion. Earnings, however, beat the Street’s estimates. Morgan Stanley — The bank gained 1% after its fourth-quarter results surpassed Wall Street estimates, aided by a 29% gain in investment banking throughout the quarter. Morgan Stanley reported earnings per share of $2.22 on revenue of $16.22 billion, while analysts polled by LSEG forecast $1.70 per share and…
Seaport Research Partners joined the bull camp on Netflix ahead of the company’s earnings report next week. Analyst David Joyce upgraded shares of the streaming giant to buy from neutral. Joyce’s $955 price target implies 12.6% upside over where the stock finished Wednesday’s session. “NFLX should remain a core holding due to top-line growth, [operating income] margin expansion, and [free cash flow] conversion,” Joyce wrote in a Wednesday note to clients. Netflix is set to post earnings Tuesday after the bell. Joyce noted shares have retreated leading up to the report, with shares down nearly 5% in the new trading…
