These 'old economy' stocks primed to do well in the AI age are buys heading into 2025, investor says – CNBC
The next biggest beneficiaries of the artificial intelligence industry may be less obvious companies that are quietly adopting new technologies, according to Nancy Tengler, chief executive officer and chief investment officer at Laffer Tengler Investments. He says there is no. As the current bull market widens, tech stocks have relinquished some of the large lead […]
Activist investor pushes Macy’s to expand Bloomingdale’s business, create real-estate unit
Activist investor Barrington Capital unveiled its investment in Macy's on Monday, urging the retailer to explore options for its Bloomingdale's and Bluemercury businesses and create a separate real estate division within the company. Macy's stock rose 4% Monday morning. The exact size of Barrington's within Macy's is unknown. Barrington partnered with real estate firm Thor […]
UnitedHealth cancels investor day after reports of executive shot in Manhattan – CNBC
A scene outside the Hilton Hotel in New York City after the shooting that killed UnitedHealthcare CEO Brian Thompson on December 4, 2024. Estelle Bloom | CNBC CEO Brian Thompson said: united health groupinsurance department was fatally shot Wednesday morning in midtown Manhattan, a person familiar with the matter told CNBC. UnitedHealth Group canceled investors […]
Donald Trump Nominates Investor Scott Bessent for Treasury Secretary
President-elect Donald Trump has announced that he will nominate Scott Bessent, a prominent investor and CEO of Key Square Capital Management, to be Secretary of the Treasury. President Trump: “I am very pleased to nominate Scott Bessent as the 79th Secretary of the United States Treasury.'' wrote in a statement True Social Friday Night. “Scott […]
Facebook must face investor lawsuit, Supreme Court rules
Welcome to The Hill's Technology Newsletter {beacon} technology technology Full text Gallagher not interested in serving as SEC chairman in second Trump administration Dan Gallagher, chief legal officer of financial services company Robinhood, said Friday that he has no interest in serving as chairman of the Securities and Exchange Commission (SEC) in President-elect Donald […]
Trump expected to name investor Scott Bessent as Treasury secretary pick
President-elect Trump is expected to tap hedge fund manager Scott Bessent as Treasury secretary in his new administration, sources confirm to NewsNation. Bessent, the founder and CEO of the hedge fund Key Square Group, served as an economic advisor to the Trump campaign and often appears on economic talk shows to advocate for the president-elect's […]
Investor who pushed California minimum wage measure ‘disappointed’ by defeat
Entrepreneur and anti-poverty activist Joe Samberg, who spearheaded the recently defeated state ballot measure to raise California's minimum wage, said he was “frustrated and disappointed” by the loss but expressed concern for struggling Californians. He vowed to continue working for the cause. Proposition 32, which would have raised the state's minimum wage from $16 to […]
Investor overseeing $1 trillion at Nuveen names her No. 1 idea right now – CNBC
Investors looking for opportunities in this rising market may want to take a look at U.S. small-cap stocks, according to Nuveen's Saira Malik. “There's still room for this upside, but given the valuation, we need to be cautious,” the company's chief investment officer said Wednesday on CNBC's Delivering Alpha conference. “That's why we're looking at […]
JD Vance net worth: Donald Trump's vice-president pick an avid investor in Bitcoin – The Times of India
Vice President-elect of the United States J.D. Vance He is scheduled to take office in January 2025, stepping into one of the country's most prominent political positions. The 40-year-old politician has amassed a multi-million dollar fortune over the past two decades, and many have questions about his financial prospects. As an Ohio state senator, a […]
McDonald’s shares plunge on investor panic over E. coli outbreak
McDonald's stock fell as much as 6% Wednesday following an E. coli outbreak linked to the Golden Arches' famous Quarter Pounder burger that sickened about 50 people and killed one. Shares of the world's largest hamburger chain fell from $314.70 per share at Tuesday's close to $299.61 per share by late Wednesday morning. “This public […]