After a strong rally in the stock market this week following Donald Trump’s election victory and positive earnings reports, some software companies may be due for a pullback. The S & P 500 and Dow Jones Industrial Average are up around 5%, while the Nasdaq has jumped 6.4% so far in November. Companies with an…
CNBC’s Jim Cramer is keeping an eye on earnings reports from Home Depot, Disney, and new consumer price index data next week on Wall Street. Cramer believes that the recent market rally fueled by Trump will continue, with more gains to come. He highlights key earnings reports from companies like Monday.com, Shopify, Tyson Foods, and…
OpenAI’s ChatGPT rejected over 250,000 requests to generate images of 2024 U.S. presidential candidates, including Donald Trump and Joe Biden, leading up to Election Day. Concerns about misinformation created by generative AI have grown, with a 900% increase in deepfakes. OpenAI reported disrupting over 20 operations attempting to use their models for deceptive purposes. However,…
Major League Baseball and the Atlanta Braves have raised concerns about the reorganization plan and future viability of Diamond Sports Group, the largest owner of regional sports networks in the country. They believe that the current plan may not be sustainable and could lead to financial distress or bankruptcy in the future. MLB and the…
Income-seeking investors have plenty of opportunities despite the recent volatility in the 10-year Treasury yield. The yield has been climbing steadily this fall, reaching over 4% after Donald Trump’s re-election. However, it has since cooled to around 4.3%. BlackRock’s Rick Rieder suggests focusing on shorter-duration bonds, like high yield bonds and collateralized loan obligations, for…
Toyota Motor Corp. is raising concerns about California’s upcoming electric vehicle mandates, saying that meeting the requirements for zero-emission vehicles is currently impossible. The regulations call for 35% of 2026 model-year vehicles to be ZEVs, but demand for such vehicles is low, limiting customer choice. Only a few states have seen significant EV adoption, and…
Black business leaders are reflecting on Vice President Kamala Harris’ loss in the presidential race and preparing for the upcoming administration of President-elect Donald Trump. Some believe Trump’s focus on economic issues resonated with voters, while others attribute Harris’ loss to racism and sexism. Concerns have been raised about the impact on diversity and inclusion…
Workers in three red states – Alaska, Missouri, and Nebraska – will now have access to earned paid sick leave after ballot measures were passed in Tuesday’s election. This marks a shift towards providing paid sick leave for employees in both liberal and conservative-leaning states. The trend towards more progressive labor policies is gaining momentum…
Siemens CEO Joe Kaeser discussed his experiences with the Trump administration during his first term in office, noting that they were highly receptive to business issues and implemented policies that helped the economy. Kaeser mentioned that Trump’s tax cuts were positive, although some studies showed they had limited impact on U.S. growth. As Trump prepares…
Sony’s PlayStation 5 has reported a big jump in operating profit, beating analyst expectations. The company saw strength in its game and network services division, with revenue up 11% year-over-year. Sony revised its fiscal year revenue target slightly higher. The gaming division has been doing well, with a shift to digital game purchases and the…