Trump lawyer William Owen Scharf picked for ‘crucial’ White House assistant role
President-elect Trump announced that William Owen Scharf, one of his lawyers, will serve as assistant to the president and staff secretary in the upcoming administration. ‘I am pleased to announce that William Owen Scharf will serve as Assistant to the President and White House Staff Secretary,’ Trump’s statement read. ‘Will is a highly skilled attorney…
Debt-ridden Harris campaign spent $2.6 million on private flights for staff in October: FEC documents
Vice President Harris’ debt-ridden presidential campaign spent $2.6 million on private flights in the last few weeks of the election season, documents show. The release of the findings comes as the debt-saddled campaign, which spent $1 billion on the trail, is being scrutinized for the financial decisions it made before losing the Nov. 5 election…
S&P 500 Futures Slip 0.51%
U.S. stock futures dropped early Friday as the postelection rally showed signs of faltering and the Federal Reserve indicated a cautious stance on further interest rate cuts. Dow Jones Industrial Average futures fell 156 points, or 0.36%, while S&P 500 and Nasdaq 100 futures declined 0.51% and 0.76%, respectively. Tech stocks saw mixed fortunes, with…
Alibaba Stock Rises 5% in Premarket
Alibaba Group Holding Ltd. reported mixed results for its September quarter, highlighting both opportunities and challenges within China’s e-commerce sector. Net income surged 58% year-over-year to 43.9 billion yuan ($6.07 billion), significantly outperforming the LSEG consensus of 25.83 billion yuan. The robust profit growth stemmed from gains in equity investments, lower impairment losses, and stronger…
US Plans to Triple Nuclear Power Capacity by 2050
The Biden administration has announced a strategic roadmap to significantly expand the United States’ nuclear energy capacity, setting a target to triple capacity by 2050. In a new 9-pillar framework, the Biden-Harris administration has laid out its plans to add 200 gigawatts (GW) of new nuclear energy through new reactor builds, reactivations and upgrades to…
Tech 5: TSMC Gets US$6.6 Billion Biden Admin Grant, Bitcoin Price Hits New All-time High
Bitcoin reached new heights this week, then paused amid speculation about how high it could go. Meanwhile, the Biden administration finalized a multibillion-dollar deal to bring advanced semiconductor manufacturing back to the US, and a nuclear energy company backed by Sam Altman announced data center supply deals. 1. Bitcoin price reaches new all-time high Bitcoin’s…
Pence says he opposes RFK Jr.’s nomination for HHS secretary because of his stance on abortion
Former Vice President Mike Pence on Friday made his opposition to Robert F. Kennedy, Jr.’s nomination to lead the U.S. Department of Health and Human Services unequivocal. ‘The Trump-Pence administration was unapologetically pro-life for our four years in office. There are hundreds of decisions made at HHS every day that either lead our nation toward…
Sen. Sanders says he is looking forward to Trump ‘fulfilling his promise’ on credit card interest rates
Sen. Bernie Sanders, I-Vt., said he is looking forward to working with the Trump Administration and hopes that President-elect Donald Trump sticks to his promise surrounding the cap on interest rates. ‘I look forward to working with the Trump Administration on fulfilling his promise to cap credit card interest rates at 10%,’ Sanders wrote in…
How to Invest in Aluminum Stocks (Updated 2024)
There are multiple entry points for investors looking to leveraging growth in the aluminum market, which itself offers exposure to growth in many industries. Aluminum’s light weight, malleability and thermal conductivity has made it an essential base metal for a number of applications, especially in the automotive, aerospace, infrastructure and electronics. Investors interested in gaining…
Cobalt Price Recovery Facing Uncertainty as Battery Chemistry Shifts Erode Demand
Cobalt market watchers are warning that a near-term resurgence in prices and demand may not occur. Cobalt prices have spent most of 2024 on the decline, falling to lows not seen since 2016. Values for the electric vehicle (EV) battery metal have fallen 74 percent from highs set in 2022 (US$81,969.70 per metric ton). Prices…