While 2024 saw megacap technology stocks propel the stock market to new heights, there were some standouts outside of the tech space. The last year was a record-breaking one for the market, with the bull run of key tech names like artificial intelligence darling Nvidia helping power the market’s gains and becoming one of the year’s most dramatic stories. Surpassing $3 trillion in market cap for the first time back in June, the chipmaker ended the year with gains of more than 171%. With those gains, the market had a massive year, as all three major averages hit new intraday…
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Carle Place, N.Y.: The Big Lots store in Carle Place, New York on July 23, 2024.Newsday Llc | Newsday | Getty ImagesRetailer Big Lots on Tuesday received a bankruptcy judge’s approval for a last-minute sale that would allow 200 to 400 stores to remain open under new ownership.U.S. Bankruptcy Judge Kate Stickles approved the sale at a court hearing in Wilmington, Delaware, saying that the deal was the best option for Big Lots after a previous sale agreement fell apart.Big Lots filed for bankruptcy protection in September, seeking to sell its business to private equity firm Nexus Capital. But that deal fell…
The ‘Fast Money’ traders look back at the historic moves in the market during 2024. Source link
U.S. President-elect Donald Trump looks on during Turning Point USA’s AmericaFest at the Phoenix Convention Center on December 22, 2024 in Phoenix, Arizona. Rebecca Noble | Getty ImagesPresident-elect Donald Trump said he would attend next week’s state funeral for Jimmy Carter, the former U.S. president who died on Sunday at the age of 100, and predicted that only House Speaker Mike Johnson could win the vote for the House’s top job.As Trump entered a New Year’s Eve Party at his Mar-a-Lago home in Florida on Tuesday, he was asked by a reporter whether he planned to be on hand for Carter’s…
A South Korea flag is displayed against skyscrapers and businesses in Gangnam-gu, Seoul.Ann Hermes | Christian Science Monitor | Getty ImagesSouth Korea’s exports grew at a faster pace in December, beating market expectations, and ended the year with a record performance, trade data showed on Wednesday, though risks loom in the year ahead.Exports by Asia’s fourth-largest economy rose 6.6% in December from a year earlier, compared with a gain of 1.4% in November and 4.0% forecast in a Reuters survey of economists.It was the 15th consecutive month exports grew in annual terms and the fastest increase since September, after four…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJim Bianco, Bianco research president, joins ‘Fast Money’ to talk market optimism going into 2025 and the impact of the Fed’s rate cuts on a strong economy. Source link
China’s President Xi Jinping speaks during an awards ceremony at the Great Hall of the People in Beijing on Sept. 29, 2024, ahead of China’s National Day.Adek Berry | Afp | Getty ImagesNo one can stop China’s “reunification” with Taiwan, Chinese President Xi Jinping said in his New Year’s speech on Tuesday, laying down a clear warning to what Beijing regards as pro-independence forces within and outside of the island of 23 million people.In the past year, Beijing has stepped up military pressure near Taiwan, sending warships and planes almost daily into the waters and air space around the island…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailDan Leonard, senior meteorologist with The Weather Company, joins ‘Fast Money’ to talk the impending cold snap and what it means for energy prices Source link
The renewables industry faces an uncertain future, but UBS sees promise in the sector in the year ahead, naming two global stocks with over 55% upside on its watch. The sector came into the spotlight after U.S. President-elect Donald Trump vowed to curtail renewable energy subsidies. “Regarding the U.S. (the single most important market for many European utilities), we think that the concerns are overdone,” analysts at the Swiss investment bank outlined in a Dec. 18 note. Drawing reference to the performance of renewables in Trump’s last term, they noted that growth in the sector is “likely to continue ……
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailMichelle Caruso-Cabrera, CNBC Contributor and MCC Global Enterprises CEO, joins ‘Fast Money’ to talk the outlook for international markets in 2025. Source link
