In an aerial view, container ships sit docked at the Port of Oakland on December 09, 2024 in Oakland, California. Justin Sullivan | Getty ImagesAfter a contentious negotiation, the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX) on Wednesday announced a tentative deal on a new six-year master contract. The deadline to reach an agreement was Jan. 15.According to the ILA, full wage scale meetings will be called to review the deal followed by a ratification vote. No date was given on the full wage scale meeting. Details on when the USMX membership would vote were not available at…
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Microsoft Chairman and CEO Satya Nadella speaks at a press briefing on the company’s campus in Redmond, Washington, on May 20, 2024.Jason Redmond | AFP | Getty ImagesMicrosoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday. “At Microsoft we focus on high-performance talent,” a Microsoft spokesperson said in an email to CNBC on Wednesday. “We are always working on helping people learn and grow. When people are not performing, we take the appropriate action.”Business Insider reported on the plans late Tuesday. The job cuts will affect less than 1%…
When Donald J. Trump won a return to the White House, many countries thought they knew what to expect and how to prepare for what was coming.Diplomats in world capitals said they would zero in on what his administration does, rather than what Mr. Trump says. Bigger nations developed plans to soften or counter his threat of punitive tariffs. Smaller countries hoped they could simply hide from four more years of gale-force America First.But it’s getting harder for the world to keep calm and carry on.At Tuesday’s news conference at Mar-a-Lago, Mr. Trump declined to rule out the use of…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are trying to figure out if the move higher in Treasury yields will persist. Also, the quantum computing trade is being impacted by comments from Nvidia CEO Jensen Huang. ‘Worldwide Exchange’ Pick: Big banks Meghan Shue of Wilmington Trust sees big banks as a potential winner from deregulation and Federal Reserve rate cuts in 2025. “Banks were a key part of the broadening leadership story that we saw in the second half of…
Dylan Ratigan, fmr. Fast Money anchor, returns for shows 18th anniversary. Source link
Tech companies big and small are offering bold visions of artificial intelligence-infused products that could be headed into our everyday lives soon. Unless tariffs trip them up.That’s the message from the head of the Consumer Technology Association, which is holding its annual electronics show in Las Vegas weeks before Donald Trump returns to the White House on a campaign promise to dramatically raise tariffs — also known as import duties or levies — on goods coming into the U.S. from abroad.The president-elect has promised surcharges of at least 60% on products coming in from China, a 25% tariff on Mexican and Canadian imports, and blanket tariffs…
The New England Patriots’ coaching staff came out of its Week 14 bye feeling good. Sure, the team had suffered through a six-game losing streak and had a 3-10 record, but there was optimism that the final stretch of the season would go well. Rookie Drake Maye was fully entrenched as the starting quarterback, and his continued improvement, the coaches hoped, would lead to a strong finish.They liked their plan entering that week’s game against the Arizona Cardinals. But they lost 30-17 in an uncompetitive snoozefest. The team looked incompetent, even with an extra week to prepare. That was the…
MediaTek , the Taiwanese semiconductor company collaborating with Nvidia on its small artificial intelligence supercomputer, is expected to see significant financial benefits from the partnership starting in 2026, according to Bernstein. The project, unveiled by Nvidia at the electrics show CES this week, involves MediaTek’s contribution to the Grace Blackwell 10 (GB10) chip design, which powers Nvidia’s Project DIGITS — a desktop supercomputer aimed at AI researchers and data scientists. The system, priced starting at $3,000, is set to launch in May this year. 2454-TW 1Y line “We hence expect a more gradual design-in cycle and volume ramp, with more…
Western Digital (WDC) continues to face structural and cyclical challenges that pose significant risks to its near-term outlook. I’ll describe an options trade that wins if the tough times continue. While the company showed some signs of recovery in its latest earnings report, including revenue growth driven by strength in the flash segment and improved operational efficiencies, these positives were overshadowed by a revenue miss. This underperformance raises questions about WDC’s ability to execute effectively in an environment of heightened competition and persistent supply chain disruptions. Market share erosion in key segments remains a concern, and the company must address…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailMike Schumacher, Wells Fargo Securities Head of Macro Strategy, joins ‘Fast Money’ to talk the rising yields and what that means for the markets and economies. Source link
