Most U.S. stocks rose on Wall Street, but drops for Nvidia and some other heavyweight Big Tech companies kept indexes in check. The S&P 500 added 0.1% Monday, coming off last week’s spurt spurred by Donald Trump’s presidential victory and the Federal Reserve’s cut to interest rates. The Dow Jones Industrial Average jumped 0.7%, and … Read more
NEW YORK — As money continues to pour into crypto following Donald Trump’s victory last week, bitcoin has climbed to yet another record high. The world’s largest cryptocurrency topped $87,000 for the first time on Monday. As of around 3:45 p.m. ET, bitcoin’s price stood at $87,083, per CoinDesk, up over 28% in the last … Read more
Hedge funds betting against Elon Musk’s Tesla have lost billions of dollars after Donald Trump’s White House win last week, according to a report. Investment firms with short positions on the electric car maker’s stock between Election Day and Friday’s close suffered an on-paper hit of at least $5.2 billion, according to Bloomberg calculations based … Read more
A group of left-leaning Hachette employees slammed the launch of a new conservative imprint, dubbed “Basic LIberty” — as well as the hiring of a conservative publisher to run it. Hachette Books Group and Hachette UK boss David Shelley announced on Nov. 7 — two days after Donald Trump won the presidential election — that … Read more
California drivers may soon see a hike in gas prices after state regulators approved tougher standards for reining in climate emissions. The California Air Resources Board (CARB), which comprises board members appointed by Gov. Gavin Newsom and the Democrat-controlled legislature, voted Friday to update the Golden State’s Low Carbon Fuel Standards (LCFS). The board says the updates are … Read more
Still from the film “Wicked” Source: Universal Studios Thousands of Mattel’s “Wicked”-branded fashion dolls are flying off shelves, but not because of consumer demand. The toy company has been forced to pull its line of character dolls after a package misprint. Instead of listing the website for Universal’s “Wicked” movie, boxes featured a link to … Read more
The US government’s highway safety agency is investigating complaints that engines can fail on as many as 1.4 million Honda and Acura vehicles. The probe by the National Highway Traffic Safety Administration covers the 2016 through 2020 Honda Pilot and Acura MDX, as well as the 2018 through 2020 Honda Odyssey and Acura TLX. Also included is … Read more
Bitcoin soared on Monday to fresh all-time highs on Donald Trump’s White House win after he staked his claim as a pro-crypto presidential candidate during his campaign. The pricey cryptocurrency jumped 5.5% on Monday to $84,788.81. It had spiked about 9% on Wednesday after early morning election results showed Trump winning both the electoral college … Read more
The Wall Street billionaire who is heading the transition team in charge of staffing the incoming Trump administration is one of the candidates who could become the next Treasury secretary, according to a report. Howard Lutnick, CEO of private investment bank Cantor Fitzgerald, is a top ally of Trump who is heading his transition team. … Read more
BAKU, Azerbaijan — No matter what kind of U-turn President-Elect Donald Trump will make on climate change, America’s clean energy economy won’t reverse into the dirty past, a combative but “bitterly disappointed” top American climate negotiator said Monday. During the first day of the U.N. climate talks, COP29, Climate Adviser John Podesta struck a defiant … Read more