In an aerial view, container ships sit docked at the Port of Oakland on December 09, 2024 in Oakland, California. Justin Sullivan | Getty Images After a contentious negotiation, the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX) on Wednesday announced a tentative deal on a new six-year master contract. The deadline to…
Smoke billows as fire burns while powerful winds fueling devastating wildfires in the Los Angeles area force people to evacuate, at the Eaton Fire in Altadena, California, U.S. January 8, 2025. David Swanson | Reuters Fear and uncertainty surrounding the wildfires in California appear to be weighing on shares of Edison International, whose Southern California…
A sign is posted in front of the eBay headquarters in San Jose, California. Justin Sullivan | Getty Images Shares of eBay closed up 9% on Wednesday as Meta said it will allow some listings to show up on Facebook Marketplace, its popular platform connecting consumers for local item pickups and more. EBay stock reached…
The 10-year Treasury yield on Wednesday rose to its highest since April after the latest Federal Reserve meeting minutes indicated greater concern over inflation. Investors also digested this week’s strong economic data. The yield on the benchmark 10-year Treasury was last higher by 2 basis points, topping 4.7%, and reaching its highest level since late…
Nvidia CEO Jensen Huang speaks during the launch of the supercomputer Gefion at Vilhelm Lauritzen Terminal in Kastrup, Denmark, Oct. 23, 2024. Ritzau Scanpix | Mads Claus Rasmussen | Via Reuters Quantum computing stocks dropped Wednesday after Nvidia CEO Jensen Huang declared that useful quantum computers are many years away. “If you said 15 years…
A Vestas wind turbine near Baekmarksbro in Jutland. Afp | Getty Images European wind power stocks tumbled Wednesday after President-elect Donald Trump said he would prevent the construction of new turbines. “We’re going to try and have a policy where no windmills are being built,” Trump told reporters at a news conference at his Mar-a-Lago…
A worker adjusts hiring signage at a job and resource fair hosted by the Mountain Area Workforce Development Board in partnership with NCWorks in Hendersonville, North Carolina, US, on Tuesday, Nov. 19, 2024. Allison Joyce | Bloomberg | Getty Images Private sector job creation eased more than expected in December while wages grew at the…
CNBC’s Jim Cramer extolled Nvidia‘s stock and reviewed its Tuesday action, saying the decline was unrelated to the company and its prospects. He suggested this could be a good time to buy shares and applauded CEO Jensen Huang’s remarks at CES. “Understand one thing, the keynote dazzled, the new projects are way ahead of any…
President-elect Donald Trump on Tuesday announced a $20 billion foreign investment to build new data centers across the United States. Emirati billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging “at least” that amount, the president-elect said at his Florida home, Mar-a-Lago. “They may go double, or…
David Burritt, president and chief executive officer of US Steel Corp., speaks during an Economic Club of Detroit event in Detroit, Michigan, US, on Tuesday, Sept. 17, 2024. Nic Antaya | Bloomberg | Getty Images Biden formally blocked the more than $14 billion deal on Friday, citing national security concerns after a monthslong review by…
