Likely narrow GOP House majority could put Trump’s tax cuts in jeopardy, says Raymond James
The narrow GOP majority in the House means that it won’t necessarily be easy for President-elect Trump’s tax cuts to get passed, per Raymond James.
23andMe reports sales decline a day after announcing plans to cut 40% of workforce
Embattled genetic testing provider 23andMe said Tuesday that revenue declined from a year earlier, a day after the company announced a cost-cutting plan.
Loss-making EV firm VinFast to get $3.4 billion more funding from founder, parent company
The new commitments would boost total funding to nearly $17 billion.
Bitcoin to top $100,000 before year-end, according to bettors on Kalshi
Sixty percent of bettors on the Kalshi platform now believe that bitcoin could top the $100,000 mark before the end of 2024.
Small-cap stocks set to roar even higher, according to the charts
Todd Gordon breaks down the charts on the Russell 2000 index and some individual small-cap stocks.
One week later – a look at the Trump trades gaining momentum and those that are fading
Early perceptions of winners among steelmakers and banks are waning, while others like Tesla continue to climb.
Watch out: These tech stocks have heavy manufacturing exposure to China, Citi warns
Technology companies with high exposure to Chinese manufacturing could take a margin hit from Trump’s proposed tariffs, according to Citi.
Exxon CEO says Trump should keep U.S. involved in global effort to address climate change
Trump has slammed the Paris climate agreement as “horribly unfair to the U.S.”
Panama Canal says shipping rebound is underway after record drought
With a new approach to container ship bookings and a big dam project being considered, the Panama Canal says trade will continue to rebound from drought lows.
UK’s Starmer sets out new 2035 climate goal
PM Keir Starmer said Britain would cut greenhouse gas emissions by 81% by 2035 as he committed the country to a more ambitious climate goal at COP29.
