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Elon Musk walks on Capitol Hill on the day of a meeting with Senate Republican Leader-elect John Thune (R-SD), in Washington, U.S. December 5, 2024. Benoit Tessier | Reuters House Democrats Jim McGovern of Massachusetts and Rosa DeLauro of Connecticut say their Republican colleagues in Congress caved to the demands of Elon Musk, sinking a … Read more
Having a pro-crypto government means stablecoins could finally take off in 2025, and it could be a boon not just to the industry, but also to the U.S. dollar. The market cap for U.S. dollar-backed stablecoins is up more than 50% this year and up about 15% since the election. It could double in the … Read more
Warren Buffett, who has long favored holding massive amounts of cash, is headed into 2025 with a particularly gigantic war chest at Berkshire Hathaway — in fact the largest cash hoard in 34 years. The Omaha-based conglomerate’s cash level stands at $325 billion — a record high in absolute terms — and now accounts for … Read more
Two weeks before Black Friday, Amazon quietly added a new section to the top of its mobile app. Called Haul, it’s a mobile-only area for ultra-low-price items, primarily shipped directly from China. Haul is Amazon’s answer to the booming popularity of apps such as PDD Holdings‘ Temu and fast-fashion retailer Shein. Amazon told CNBC that … Read more
A Walmart Supercenter during Walmart’s multiweek Annual Deals Shopping Event in Burbank, California, on Nov. 21, 2024. Allen J. Schaben | Los Angeles Times | Getty Images Investors can benefit by creating a diversified portfolio of growth and dividend stocks, enhancing their overall returns through capital appreciation and regular income. With the Federal Reserve slashing … Read more
Government censorship, scam accounts, celebrity impersonation, propaganda and a user revolt over a journalist accused of demonizing trans people — these are just some of the hurdles faced by the nascent social media platform Bluesky. But they’re also signs of its rapid growth since the election. As Bluesky attracts more activity, particularly from those fleeing Elon … Read more
Discover APRs are accurate as of December 12, 2024. Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. The best travel credit cards offer more than just valuable rewards. They can help you save on foreign transaction fees, travel insurance and other travel expenses. Premium cards go further with luxury benefits like lounge access, complimentary elite … Read more
Police vans and ambulances stand next to the annual Christmas market in the city center following a possible terror incident on December 20, 2024 in Magdeburg, Germany. Craig Stennett | Getty Images News | Getty Images Taleb al-Abdulmohsen, a 50-year-old Saudi Arabian doctor accused of killing four women and a nine-year-old boy by driving into a Christmas market … Read more
A cargo ship leaves the Panama Canal in Panama City on June 17, 2024. Martin Bernetti | APF | Getty Images President-elect Donald Trump on Saturday accused Panama of charging excessive rates for use of the Panama Canal and said that if Panama did not manage the canal in an acceptable fashion, he would demand … Read more
Mark Burnett, the power producer who helped reintroduce Donald Trump to a national television audience with “The Apprentice,” is being tapped by the president-elect as special envoy to the United Kingdom in his upcoming administration. “With a distinguished career in television production and business, Mark brings a unique blend of diplomatic acumen and international recognition … Read more