Artificial intelligence darling Nvidia remains a favored stock on Wall Street heading into the new year. It has been a record year for the stock market, with all three major indexes notching multiple new all-time closing highs. With just a few days of 2024 left, the S & P 500 benchmark is on track for a 24% gain. Given the stock market’s strong performance in 2024, trying to find names with upside left in the year ahead may be difficult. Against this backdrop, CNBC Pro used its stock screener tool to search for names in the S & P 500…
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Bob Iger, CEO of Disney (L), and Brian Roberts, CEO of Comcast (R).Getty ImagesHo, ho, ho! It’s a holiday tradition: Anonymous media executives make their 2025 industry predictions.In honor of the 12 days of Christmas, we give you 12 predictions from some of the most powerful media and entertainment executives in the world, weighing in on the condition of anonymity so they can speak candidly about their visions of the year ahead. And then, because we have holiday cheer, we give you a bonus one. A baker’s dozen!Looking back at 2024’s predictions, they were not as good as previous years.…
Xerox Holdings said on Monday it would buy Lexmark International, the maker of printers and printing software, in a$1.5 billion deal.The Lexington, Kentucky-based Lexmark was formed as a spinoff of IBM in March 1991, according to the company’s website. It caters to customers in more than 170 countries in markets, including manufacturing, retail and financial services.In October, Xerox had said it would buy ITsavvy, an Illinois-based IT products firm, for $400 million, as the office equipment maker looks to expand its IT services business. Source link
A person shops at a Whole Foods Market grocery store on December 17, 2024 in New York City. Spencer Platt | Getty ImagesThis 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. Like what you see? You can subscribe here.What you need to know todayU.S. government shutdown suspended The U.S. government narrowly avoided a shutdown after President Joe Biden signed a stopgap government funding bill on Saturday. President-elect Donald Trump and Elon Musk thwarted an initial, negotiated funding plan Wednesday by…
A Nvidia chip during the Taipei Computex expo in Taipei, Taiwan, on May 29, 2023. Bloomberg | Bloomberg | Getty ImagesAsia-Pacific stocks had a good run in 2024, with most major markets ending the year in positive territory, as the region’s central banks eased monetary policy while an AI boom lifted tech stocks.Taiwan’s Taiex led gains in the region, up 28.85% as of Dec. 23, while Hong Kong’s Hang Seng Index came in second with 16.63%.Asia successfully reduced inflation faster than the rest of the world, said Mike Shiao, chief investment officer for Asia ex-Japan at investment management firm Invesco, paving…
China is looking to challenge the U.S. in artificial intelligence. China’s tech giants have launched their own AI models. Niphon | Istock | Getty ImagesThe Biden administration on Monday said it launched a new probe into legacy Chinese semiconductors that may go into everything from cars to household goods and defense systems.China “routinely engages in non-market policies and practices, as well as industrial targeting” of the chip industry, which allows Chinese firms “to significantly harm competition and create dangerous supply chain dependencies in foundational semiconductors,” the White House said in a statement.This is a breaking news story. Please check back for…
Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known as the Square Mile. (photo by Mike Kemp/In Pictures via Getty Images)Mike Kemp | In Pictures | Getty ImagesBritain’s economy failed to achieve any growth in the three months to September, revised figures from the U.K.’s Office for National Statistics showed on Monday.A preliminary estimate…
Vehicles are offered for sale at a Nissan dealership on December 18, 2024 in Libertyville, Illinois. Scott Olson | Getty ImagesIn its most recent quarterly results, Nissan said it would cut 9,000 jobs and reduce global production capacity by a fifth.The automaker has “been struggling in the market, it’s been struggling at home, it doesn’t have the right product line-up,” Peter Wells, professor of business and sustainability at Cardiff Business School’s Centre for Automotive Industry Research, told CNBC’s “Street Signs Europe” last week.”There are so many warning signs, so many red flags around Nissan at the moment that something had to…
Motorcyclists pass a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia, February 3, 2016.Olivia Harris | ReutersScandal-hit Malaysian state fund 1Malaysia Development Berhad said Monday it has filed a legal claim of more than $1 billion against corporate services provider Amicorp Group and its CEO, alleging the firm knowingly facilitated over $7 billion in fraudulent transactions.The claim was filed in the British Virgin Islands against eight Amicorp entities and its Chief Executive Officer Toine Knipping, alleging that they played a vital role in enabling the sovereign wealth fund to be defrauded between 2009 and…
Ursula von der Leyen, president of the European Commission, during a news conference at the Mercosur Leaders Summit in Montevideo, Uruguay, on Friday, Dec. 6, 2024.Bloomberg | Bloomberg | Getty ImagesThe European Union’s blockbuster trade deal with South America’s Mercosur bloc is widely regarded as highly controversial, with EU member states split over its terms and many wary of yet another farmer flashpoint.After 25 years of talks, the EU and five South American countries — Brazil, Argentina, Uruguay, Paraguay and, newly, Bolivia — signed a landmark trade agreement on Dec. 6, setting the stage for one of the world’s biggest…
