News - 2024-11-22

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Stay informed with the latest market news and analysis.

First Trust Advisors chief economist Brian Wesbury on tight consumer credit conditions, the state of the stock market and how Trump's Cabinet picks will impact the macroeconomy.

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President-elect Donald Trump has selected investor Scott Bessent as his nominee for Treasury secretary, putting forth a campaign trail partner and early frontrunner for the job after a long and contentious process.

Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.

Stocks are retreating but still on track to end a Nvidia-dominated week higher.

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President-elect Trump nominated Scott Bessent, the founder and CEO of global macro investment firm Key Square Group, for treasury secretary.

President-elect Trump nominated Scott Bessent, the founder and CEO of global macro investment firm Key Square Group, for treasury secretary.

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The best ETFs for retirees

Nov 22, 2024, 10:36 AM

Americans are reaching retirement age at the fastest pace in U.S. history, and ETFs make it easier for investors to optimize their portfolios and gain exposure to specific sectors.

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President-elect Trump nominated Scott Bessent, the founder and CEO of global macro investment firm Key Square Group, for treasury secretary.

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A fraud victim tells the BBC how she used a helpline to stop scammers stealing more of her money.

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Republicans suddenly think the economy is much better. Democrats think it is worse. Why might that be?

The U.S. national debt broke a new record after crossing the $36 trillion mark for the first time as the federal government's mounting budget deficits cause the debt to surge.

The price of turkey has fallen for the second straight Thanksgiving, but the cost of a meal will still set consumers back 19% more than five years ago.

Republican Texas Gov. Greg Abbott is demanding all agencies in the state halt investments in China and sell any current investments in the country as soon as possible.

Policy stances from the incoming Trump administration, bullish quarterly earnings and an "Elon Musk premium" led to lofty stock returns, experts said.

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TJX Companies CEO Ernie Herrman said during an earnings call that the company could benefit from President-elect Trump's proposed tariffs on imported goods.

With Gary Gensler out of the SEC picture, Commissioner Mark Uyeda says the "war on crypto" will end as the agency eyes who will become the next chair.

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The government says charging for hand luggage and printing boarding passes at the airport are "abusive practices".

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What Elon Musk Needs From China

Nov 22, 2024, 10:53 AM

From electric cars to solar panels, Mr. Musk has built businesses in high-tech manufacturing sectors now targeted by Beijing for Chinese dominance.

Since last September, the tech giant has pumped $8 billion into the artificial intelligence start-up, a sign of intense competition in developing tools that are reshaping the tech sector.

Interest rates have been falling, but deposits are earning more than inflation.

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The country is facing a second year of zero growth, with industry leaders gloomy and worried about potential tariffs from President-elect Donald Trump.

The uptick in business activity was largely driven by the services sector.

(Bloomberg Markets) -- You wouldn’t have known JPMorgan Chase & Co. had just reported its best quarter by the way Jamie Dimon talked about his competition in July 2023. “They’re dancing in the streets,” the chief executive officer said, referring to hedge funds and private equity firms that were piling into the lending business as banks like his faced higher capital requirements.Most Read from BloombergTrump Promises Could Have Seismic Impact on Washington EconomyTokyo’s Scorching Summers Focus

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Stocks are retreating but still on track to end a Nvidia-dominated week higher.

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SEC Chair Gary Gensler announced that he will resign from his role leading the financial regulator on Inauguration Day when President-elect Trump takes office.

Barbara Corcoran says real estate will "go ballistic" if rates hit 5%. But if they go up, it could fuel "terrible" things for the market and slow down the U.S. economy.

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CNBC spoke to a dozen customers caught in the Synapse fintech predicament, people who are owed sums ranging from $7,000 to well over $200,000.

Yelloh has parked its fleet of refrigerated trucks. Its downfall, accelerated by a disastrous rebranding, was decades in the making and probably inevitable, experts say.

Stocks are retreating but still on track to end a Nvidia-dominated week higher.

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Bitcoin has continued its massive gains, rising around the $100,000 mark in the weeks since the election based on expectations of improved regulatory treatment. But for the cryptocurrency, this rise just might be its own catalyst.

SINGAPORE/HONG KONG (Reuters) -The governor of Texas ordered state agencies to stop investing in China and sell assets there as soon as possible, citing financial and security risks, a sign of rising U.S.-China tensions starting to impact global capital flows. In a letter to state agencies dated Nov. 21 and posted to his website, Republican Greg Abbott said "belligerent actions" of China's ruling Communist Party had increased risks to Texas' investments in China, and told investors to get out.

Small businesses are still feeling pressure from worker shortages to inflationary pressures. The challenges are persisting as we enter the critical holiday period.

Gladiator II, the sequal to the 2000 blockbuster Gladiator, is set to hit theaters in the U.S. on Friday, and traders on prediction markets are placing their bets on its success.

Passengers are unable to enter the South Terminal while an investigation is carried out.

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Faced with unconventional and disruptive proposals, investors are figuring out how to place their bets.

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Logging has long been a way of life for rural communities in the Pacific Northwest and South. It also comes with grave risk.

Online tools are helping Americans travel abroad to discover their ancestry, seek out relatives and obtain documentation for dual citizenship. Here are tips for your journey.

(Reuters) -A slew of crypto companies including Ripple, Kraken and Circle are jostling for a seat on President-elect Donald Trump's promised crypto advisory council, seeking a say in his planned overhaul of U.S. policy, according to several digital asset industry executives. Campaigning at a July bitcoin conference in Nashville, Trump promised a new council as part of a crypto-friendly administration. Several top U.S. crypto companies are clamoring for seats at the table.

JD Vance and others on the “new right” say limiting immigration will raise wages and give jobs to sidelined Americans. Many studies suggest otherwise.

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For the automotive industry, reports that President-elect Donald Trump and his team are looking to repeal the $7,500 federal tax credit are not surprising. However, the effect of a potential repeal could be massive for automakers betting on EVs being the future.

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Sales volumes fell by more than expected in October with clothing stores having a "notably poor" month.

Someone paying by direct debit and using a typical amount of energy will pay £21 more a year from January.

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