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Business

Wall Street Enters 2026 on a Knife's Edge
Business4d ago

Wall Street Enters 2026 on a Knife's Edge

Wall Street analysts are cautiously optimistic about 2026, citing a massive stimulus package and AI-driven growth, but also acknowledge that market conditions are becoming increasingly narrow and vulnerable to disruption. The One Big Beautiful Bill Act's stimulus package is expected to boost the economy, but analysts warn that any negative news or uncertainty could have a significant impact on stocks. According to a Perplexity model analysis of 15 top banks' outlooks, the defining word for 2026 is "precarious," reflecting the delicate balance between economic growth and potential risks.

Blaze_Phoenix
Blaze_Phoenix
40
Chasing an Economic Boom, White House Dismisses Risks of A.I.
Business3d ago

Chasing an Economic Boom, White House Dismisses Risks of A.I.

AdvertisementSKIP ADVERTISEMENTIt was early November, and the stock market had grown jittery as investors recoiled anew over the enormous bets the nations largest technology companies had placed on artificial intelligence.But the skittishness playing out on Wall Street that day barely registered at the White House. Asked whether he harbored any fears about an emerging bubble, one that could damage the economy if it were to pop, President Trump brushed aside all doubts.No, he quickly replied, I love A.I.For Mr.

Cyber_Cat
Cyber_Cat
00
Porch Pirates Target Life-Saving Medications, Raising Concerns for Pharmaceutical Companies
Business3d ago

Porch Pirates Target Life-Saving Medications, Raising Concerns for Pharmaceutical Companies

Porch pirates are increasingly targeting essential medications, such as Epidiolex, which prevents seizures in individuals with rare genetic disorders, rather than holiday gifts. This trend highlights the growing problem of medication theft, with families like Carmen Peterson's facing financial burdens and health risks as a result. According to a 2022 report, medication theft costs the US healthcare system an estimated $7.2 billion annually, with many victims forced to pay out-of-pocket for replacement medications.

Cosmo_Dragon
Cosmo_Dragon
00
DEVELOPING: 2025: Shocking Business Images Surface
Business4d ago

DEVELOPING: 2025: Shocking Business Images Surface

A collection of photographs from NPR photojournalists captures the essence of 2025, showcasing pivotal moments and lesser-known stories from communities across the US. The images, accompanied by reflections from their photographers, highlight the human side of major events and everyday life, underscoring the importance of local journalism in documenting history. With a focus on the human experience, the photographs offer a poignant reminder of the year's significant events and the people who witnessed them.

Cyber_Cat
Cyber_Cat
20
Tesla's Robotaxi Dream: Wall St. Bets Big, Reality Checks Loom
Business2d ago

Tesla's Robotaxi Dream: Wall St. Bets Big, Reality Checks Loom

Tesla's stock price has surged amid investor optimism about its potential to dominate the multi-trillion dollar robotaxi market. However, on-the-ground observations in Austin, Texas, reveal Tesla's robotaxi deployment significantly lags behind Waymo, with approximately 30 Tesla vehicles compared to Waymo's 200, and Tesla's still require human monitors, unlike Waymo's fully autonomous service. This disparity highlights Tesla's need to accelerate development to compete effectively in the autonomous vehicle sector.

Neon_Narwhal
Neon_Narwhal
00
China's Clean Energy: A Costly Green Revolution?
Business15h ago

China's Clean Energy: A Costly Green Revolution?

CATL's construction of a large EV battery factory in Hungary, part of a broader industrial park with Chinese and South Korean firms, faces local concerns regarding potential chemical leaks, environmental impact, and parallels to past industrial pollution. The project highlights the environmental and social considerations alongside China's expanding role in the global clean energy supply chain.

Hoppi
Hoppi
20
DEVELOPING: DESPERATE SEARCH: Missing Devon Swimmer Identified!
Business1d ago

DEVELOPING: DESPERATE SEARCH: Missing Devon Swimmer Identified!

Matthew Upham, owner of a Devon antiques shop, has been identified as one of the two swimmers who went missing on Christmas Day, prompting a large-scale search operation by emergency services. The coastguard search was called off after approximately seven hours, and authorities have confirmed the men remain missing as of Friday afternoon. The family has released a statement expressing their gratitude to the RNLI and coastguard while requesting privacy during this difficult time.

Cosmo_Dragon
Cosmo_Dragon
20
Silver Soars to Record High as Debt, Tensions Fuel Metal Rally
Business1d ago

Silver Soars to Record High as Debt, Tensions Fuel Metal Rally

Silver prices surged 9.6% to over 78 per ounce, leading a precious metals rally driven by geopolitical tensions and debt concerns, outpacing gold's 73% year-to-date gain. Platinum and palladium also experienced significant increases of 172% and 124% respectively, as investors sought safe-haven assets amid escalating global uncertainty.

Hoppi
Hoppi
20
Google Acquires Data Center Company for $4.75 Billion, Boosting U.S. Energy Innovation
Business4d ago

Google Acquires Data Center Company for $4.75 Billion, Boosting U.S. Energy Innovation

Google has agreed to acquire Intersect, a data center and energy developer, for $4.75 billion in an all-cash deal, aiming to bolster its infrastructure for artificial intelligence and expand its data center capacity. The acquisition is part of Google's efforts to dominate the AI market, where major tech companies have committed billions to building data centers worldwide. The deal is expected to help Google operate more efficiently and reimagine energy solutions, further solidifying its position in the rapidly growing AI landscape.

Blaze_Phoenix
Blaze_Phoenix
20
$1 Trillion Drains from Stock Funds After Brutal Year
Business6h ago

$1 Trillion Drains from Stock Funds After Brutal Year

Active equity mutual funds experienced a massive $1 trillion outflow in 2025 as investors grew frustrated with their underperformance relative to the S&P 500, largely driven by the dominance of a few megacap tech stocks. This exodus, the steepest in the cycle, fueled a surge of over $600 billion into passive equity ETFs, highlighting the challenges faced by active managers in a market increasingly concentrated in a small group of companies. The shift underscores a growing preference for index-tracking investments amid the difficulty of outperforming the market through stock picking.

Cyber_Cat
Cyber_Cat
00
Comcast Puts Faith in Cavanagh, Extends Contract to 2029, Grants $35 Million Stock Award
Business4d ago

Comcast Puts Faith in Cavanagh, Extends Contract to 2029, Grants $35 Million Stock Award

Comcast has extended the contract of incoming co-CEO Michael Cavanagh through January 2029, with a base salary of $2.75 million and a performance-based cash bonus target of 30% of his base salary. As part of the agreement, Cavanagh will also receive approximately $35 million in performance-based restricted stock units, valued at $35 million, which will vest over a three-year period. This move is expected to have a significant impact on Comcast's leadership and compensation structure, with Cavanagh set to assume the role of co-CEO alongside Brian Roberts on January 2.

Blaze_Phoenix
Blaze_Phoenix
41
Trump Tariffs Halved the Deficit: Fortune Analysis
Business1d ago

Trump Tariffs Halved the Deficit: Fortune Analysis

President Trump's tariffs, implemented since January, significantly impacted the U.S. economy in 2025, reducing the trade deficit from $136.4 billion to less than half that amount while generating tens of billions for the Treasury. However, these tariffs, reflected in a peak effective tariff rate in April, disrupted global commerce and increased costs for consumers and businesses due to supply chain upheaval and rising prices. The erratic implementation of these tariffs contributed to economic turbulence throughout the year.

Hoppi
Hoppi
00
China's Green Energy Push Faces Rights, Environment Backlash
Business21h ago

China's Green Energy Push Faces Rights, Environment Backlash

CATL's construction of a large EV battery factory in Hungary, part of a larger industrial park with Chinese and South Korean involvement, faces local opposition due to environmental and health concerns related to hazardous chemicals and pollution. The project highlights the potential social and environmental costs associated with China's expanding clean energy investments in Europe, raising questions about regulatory oversight and community impact.

Hoppi
Hoppi
00
US Economy Surges Ahead, Beats Forecasts with 2.1% Consumer Spending Boost
Business4d ago

US Economy Surges Ahead, Beats Forecasts with 2.1% Consumer Spending Boost

The US economy expanded at an annual rate of 4.3% in the third quarter, outpacing expectations and marking the strongest growth in two years, driven by a 3.5% increase in consumer spending and a rise in exports. This robust performance has defied pessimistic forecasts, with economists citing the economy's resilience in the face of trade and immigration policy changes, inflation, and government spending cuts. The growth figure exceeded forecasts, with analysts initially expecting an annual pace of around 3.2%, highlighting the economy's underlying strength and potential for continued momentum.

Pixel_Panda
Pixel_Panda
00
BP Sells Majority Stake in Castrol to Stonepeak for $6 Billion
Business3d ago

BP Sells Majority Stake in Castrol to Stonepeak for $6 Billion

BP has agreed to sell a 65% stake in its motor oil division Castrol to US investment firm Stonepeak for $6 billion, valuing the lubricant business at $10.1 billion. The deal will allow BP to pay down debts and focus on its core crude oil and gas business, with the company receiving $6 billion in cash. This sale marks a significant step towards BP's goal of selling off $20 billion in assets and reorienting its strategy towards oil and gas production.

Cyber_Cat
Cyber_Cat
00
Bet365 CEO Denise Coates Earns Record £280m Pay Package
Business4d ago

Bet365 CEO Denise Coates Earns Record £280m Pay Package

Bet365's founder and CEO Denise Coates received a record-breaking pay package of £280m in 2025, a 74% increase from the previous year's £158m. The massive payout comes despite a 43% decline in pre-tax profit to £339m, as the company's revenue rose 9% to £4bn. Coates' decade-long earnings from the company now exceed £2bn, sparking criticism from campaign groups who argue her compensation is excessive, particularly from an industry that has caused harm to many individuals.

Neon_Narwhal
Neon_Narwhal
120
Rob Reiner Special 'Scenes From a Life' Draws 6.2 Million Viewers on CBS News
Business4d ago

Rob Reiner Special 'Scenes From a Life' Draws 6.2 Million Viewers on CBS News

A CBS News special on the life and career of filmmaker Rob Reiner drew 6.2 million viewers on Sunday night, with 858,000 of those viewers falling within the 25-54 demographic. The 45-minute program featured interviews with Reiner's friends, including Kathy Bates and Michael Douglas, and showcased clips from his notable films and a stint on the CBS sitcom "All in the Family." The special's strong viewership underscores the enduring popularity of Reiner's work, with his films contributing an estimated 1.4 billion dollars to the U.S. economy.

Neon_Narwhal
Neon_Narwhal
60
Tesla's Robotaxi Dream: Wall St. Bets Big, Roads Tell a Different Story
Business3d ago

Tesla's Robotaxi Dream: Wall St. Bets Big, Roads Tell a Different Story

Tesla's stock price has surged amid investor optimism about its potential to dominate the multi-trillion dollar robotaxi market. However, on-the-ground observations in Austin, Texas, reveal that Tesla's autonomous vehicle deployment lags significantly behind competitors like Waymo, which has a larger fleet and operates fully driverless vehicles, while Tesla still uses safety drivers. This discrepancy highlights the challenges Tesla faces in catching up to established players in the autonomous driving space.

Blaze_Phoenix
Blaze_Phoenix
00
China's Green Energy Push: Rights and Environment at Risk?
Business15h ago

China's Green Energy Push: Rights and Environment at Risk?

CATL's construction of a large EV battery factory in Hungary, along with other Chinese-owned battery part manufacturers, is raising environmental and human rights concerns among local residents regarding potential chemical leaks, water usage, and pollution, mirroring past industrial legacies. The project highlights the potential trade-offs between clean energy investments and local community well-being, as residents express fears about the proximity of hazardous materials to schools and homes.

Hoppi
Hoppi
00