Investment bank stocks are set to benefit from the Trump presidency, according to investor Kingsley Jones, who said it was time for financials to “step up.” Speaking to CNBC’s Martin Soong, the Australian investor struck a bullish tone on the outlook for stocks as U.S. President Donald Trump’s second term […]
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Super Micro ‘confident’ it will meet SEC deadline and reach $40 billion next fiscal year
Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024. Annabelle Chih | Bloomberg | Getty Images Super Micro Computer gave optimistic commentary for its fiscal 2026 and delayed annual report that overshadowed its slashed fiscal 2025 revenue guidance in Tuesday’s preliminary second-quarter […]
Tequila, mezcal are the only spirits growing in sales, but tariffs would be ‘catastrophic,’ industry group says
A seller holds up a bottle of Casamigos, tequila from Diageo, the world’s leading spirits maker, at a liquor store in Monterrey, Mexico, on Dec. 10, 2024. Daniel Becerril | Reuters The U.S. spirits industry maintained its market share leadership over beer and wine for a third straight year in […]
Home office deduction: Here’s who qualifies and how to claim it on your taxes
Coroimage | Moment | Getty Images If you worked remotely in 2024, you may be eyeing the home office deduction. However, qualifying for the tax break may be harder than you expect, experts say. Only 7% of companies allowed fully remote work in 2024, down from 21% in 2023, according […]
Amazon opens beauty and personal care store in Italy as part of brick-and-mortar expansion
Amazon is opening a beauty and health products store in Milan, Italy, marking the company’s latest brick-and-mortar experiment. The store is located in the city center of Milan, and features a range of beauty and personal care items, as well as nonprescription drugs, Amazon said in a blog post. The […]
India’s oil minister says ‘we play by the rules,’ as markets weigh U.S. energy sanctions
India will cooperate with international sanctions, the country’s oil minister told CNBC on Tuesday, as markets eye future U.S. policy under the new administration of President Donald Trump. “We play by the rules. If there is an international sanction, which is anchored, we would not want to go around it […]
Anduril to take over Microsoft’s $22 billion U.S. Army headset program
Palmer Luckey, founder of Oculus and Anduril Industries, speaks during The Wall Street Journal’s WSJ Tech Live conference in Laguna Beach, California on October 16, 2023. Patrick T. Fallon | AFP | Getty Images Anduril Industries, Palmer Luckey’s defense-tech startup, will take over Microsoft‘s multibillion-dollar augmented reality headset program with […]
Musk says DOGE is ‘what democracy is all about’ during Oval Office visit
U.S. President Donald Trump is joined by Elon Musk and his son as he signs a series of executive orders in the Oval Office at the White House on Feb. 11, 2025 in Washington, DC. Andrew Harnik | Getty Images Elon Musk on Tuesday defended his “Department of Government Efficiency” […]
Intel shares rise after VP Vance promises to safeguard American AI and chips
U.S. Vice President JD Vance arrives for a meeting with international investors at the Elysee Palace as part of the Artificial Intelligence Action Summit in Paris on Feb. 10, 2025. Gonzalo Fuentes | Reuters Shares of Intel closed up 6% on Tuesday after Vice President JD Vance said the U.S. […]
FIS shares plunge most since 2023 on disappointing revenue, guidance miss
Lori Moffett | Bloomberg | Getty Images Shares of Fidelity National Information Services plunged the most since 2023 on Tuesday after the company reported quarterly earnings that fell short of Wall Street estimates and issued a disappointing forecast. The stock dropped 12% as of afternoon trading, heading for its biggest […]