WASHINGTON — President Donald Trump on Friday ordered the unraveling of a $2.9 million computer chips deal that he concluded threatened U.S. security interests if the current owner, HieFo Corp., remained in control of the technology. The executive order cast a spotlight on a business deal that drew scant attention when it was announced in…
SANTA CLARITA, Calif. (KABC) — Customers are flocking to the longest-running restaurant in Los Angeles County before it closes its doors for good. After nearly 140 years in business, Saugus Cafe in Santa Clarita will serve its last meal on Sunday. Big stars, including John Wayne and Frank Sinatra, once filled its booths. On Friday,…
Warren Buffett officially stepped down as CEO of Berkshire Hathaway on Thursday, handing the reins of the multinational conglomerate to his hand-picked successor, Greg Abel. Abel, 63, is taking the helm of Berkshire after Buffett, 95, spent six decades transforming a struggling textile manufacturer into one of the world’s most successful companies. As the new…
With travel credit cards and loyalty programs, nothing lasts forever. Welcome bonuses, benefits and rules are in constant flux. The best deals can last for years or be erased in a matter of weeks. With that in mind, I’ve identified three opportunities to take advantage of in 2026, all of which seem too good to…
ORDER By the authority vested in me as President by the Constitution and the laws of the United States of America, including section 721 of the Defense Production Act of 1950, as amended (section 721), 50 U.S.C. 4565, it is hereby ordered: Section 1. Findings. (a) There is credible evidence that leads me to believe…
(Bloomberg) — The new year opened much as the last one ended, with markets rising, Wall Street confidence intact and little sign the forces that powered 2025 have run their course. What’s less clear is how long the cross-asset synchrony can last. Global stocks gained on January’s first session, extending a run that carried through…
Updated Jan. 2, 2026, 5:03 p.m. CT AI-assisted summary Oneida Nation officials apologized for contracts between a tribal subsidiary and Immigration and Customs Enforcement (ICE). Tribal leaders stated they were unaware of the contracts, which total over $6 million, until after they were signed. The CEO of the subsidiary, Oneida ESC Group, called the decision…
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Shares of computer processor maker Intel (NASDAQ:INTC) jumped 7% in the morning session after the stock’s positive momentum continued as Nvidia acquired $5 billion in the company through a private placement, while the U.S. Treasury also obtained a 10% non-voting equity stake. The investment from Nvidia was part of a previously announced plan to support…
NEW YORK (AP) — Tesla lost its crown as the world’s bestselling electric vehicle maker on Friday as a customer revolt over Elon Musk’s right-wing politics, expiring U.S. tax breaks for buyers and stiff overseas competition pushed sales down for a second year in a row. Tesla said that it delivered 1.64 million vehicles in…
Shares of server solutions provider Super Micro (NASDAQ:SMCI) jumped 5.7% in the afternoon session after the company unveiled a new high-density server designed for demanding AI and high-performance computing workloads. The new 6U SuperBlade platform featured both direct liquid and standard air cooling and utilized dual Intel Xeon 6900 Series processors. Supermicro stated this design…
Lichtenstein reunited with wife and fellow hacker Heather “Razzlekhan” Morgan this week. Lichtenstein reunited with wife and fellow hacker Heather “Razzlekhan” Morgan this week. Jan 2, 2026, 7:51 PM UTC Stevie Bonifield is a news writer covering all things consumer tech. Stevie started out at Laptop Mag writing news and reviews on hardware, gaming, and…
Microsoft Corporation (NASDAQ:MSFT) ranks among the best AI stocks to buy according to analysts. On December 17, Morgan Stanley retained Microsoft Corporation (NASDAQ:MSFT) as its top pick in large-cap software, citing sustained demand across its divisions and strong prospects for operating margin growth. Analyst Keith Weiss maintained a Buy rating and a $650 price target…
Adobe Inc. (NASDAQ:ADBE) ranks among the best AI stocks to buy according to analysts. Piper Sandler reaffirmed its Overweight rating and $470 price target for Adobe Inc. (NASDAQ:ADBE) on December 11 in response to the company’s fiscal year 2025 results. With a $94 million revenue beat, the software giant outperformed the previous four-quarter average record…
Bloomberg (Bloomberg) — Emerging-market stocks were off to strong start in 2026, climbing to the highest in almost five years as optimism about Asia’s growing role in artificial intelligence propelled the region’s technology shares. The MSCI Inc. index of developing nations rose 1.7% on the first session of the year, the best one-day advance since…
NEW YORK (AP) — U.S. stocks eked out small gains on Wall Street Friday in a wobbly day of trading to kick off the new year. Markets were mostly quiet on the first trading day of 2026, with the influential technology sector driving much of the up-and-down action. The mostly minor moves also cap off…
A lucky man from Quincy, Massachusetts, started off the new year $1.6 million richer after a record-breaking win at Encore Boston Harbor on Thursday.The man won a staggering $1,620,335.70 payout after hitting the Royal 9 Baccarat progressive jackpot.It’s the largest jackpot ever awarded at the Everett casino.”The record-setting win adds to the excitement of the…
But under the leadership of Damola Adamolekun, 36, who was previously the CEO of P.F. Chang’s, Red Lobster has officially turned the ship around. As the company continues to recover from bankruptcy, the chain expects positive net income in fiscal 2026, and adjusted EBIDTA is expected to grow 43% from fiscal 2025 to 2027. “I…
This article first appeared on GuruFocus. ASML Holding (NASDAQ:ASML) shares surged about 4% in early Friday trading after Aletheia Capital upgraded the chip-equipment maker’s European-listed stock to Buy from Sell, pointing to improving demand trends. The brokerage cited expanding semiconductor factories, capacity ramps and rising orders for extreme ultraviolet lithography tools, a technology used to…
Shares of computer processor maker AMD (NASDAQ:AMD) jumped 5.3% in the morning session after investor optimism grew following favorable analyst predictions for 2026 and anticipation of new product announcements. The move came as top Wall Street analysts predicted a potential 32% jump in the stock’s value for 2026, building on significant gains from the previous…
Ken Griffin, founder and CEO of Citadel, speaks to the Economic Club of New York at The Plaza Hotel in New York, Nov. 21, 2024. Brendan Mcdermid | Reuters Billionaire investor Ken Griffin’s flagship hedge fund at Citadel climbed double digits in 2025, navigating a volatile year marked by sharp market swings, trade tensions and…
A pedestrian passes in front of the Saks Fifth Avenue at Brookfield Place in New York. Allison Joyce | Bloomberg | Getty Images Saks Global named a new CEO on Friday as the retailer is reportedly on the cusp of filing for bankruptcy protection. The parent of high-end department store chain Saks Fifth Avenue, which is privately held,…
Thiel made some significant moves during the third quarter. Few names carry as much weight in the tech realm as Peter Thiel. He has a legendary track record, including being a part of the founding groups of both Palantir and PayPal. He was also the first outside investor in Facebook, now Meta Platforms, making it clear…
Jan 2 (Reuters) – Tesla reported a bigger-than-expected fall in fourth-quarter deliveries on Friday and posted a second straight decline in annual sales, as it struggled to whip up demand for its electric vehicles following the withdrawal of tax subsidies. The tally raises questions about whether Tesla can stabilize its core auto business following two…
Izzy Englander’s Millennium was briefly in the red in the first few months of last year as markets were rocked by the US’s trade war © Millennium Hedge fund giants Millennium and Citadel delivered a double-digit return to investors in 2025, recovering after a lacklustre first half but lagging behind many smaller firms in the…
In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett and Greg Abel at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, May 3, 2025. David A. Grogen | CNBC Berkshire Hathaway shares slipped Friday as investors digested the formal end of Warren Buffett’s six-decade tenure as chief executive and the start…
This article first appeared on GuruFocus. Amazon.com Inc. (AMZN, Financials) was downgraded to Hold by Invictus Origin’s Oliver Rodzianko, who warned that current valuation levels and macroeconomic risks justify caution despite the company’s fundamental strength. The downgrade comes after investors became excited about AI driven growth, which has pushed up P/E ratios across large-cap tech….
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It’s one of the most important questions surrounding the Federal Reserve in 2026, and Fed Chair Jerome Powell has been pointedly mum. “I’m focused on my remaining time as chair,” Powell said at the December press conference. “I haven’t got anything new on that to tell you.” The question: whether Powell will remain on the…
Here are Friday’s biggest calls on Wall Street: Raymond James reinstates Apple as market perform The firm resumed coverage of the stock and downgraded it from its prior outperform rating. “Despite strong fundamentals and improving product cycles, we believe Apple’s current valuation appropriately reflects these strengths, limiting near-term upside.” Read more. Barclays upgrades Vertiv Holdings…
Triangle Food Guy Sean Lennard has the latest restaurant news including the upcoming new location for Clyde Cooper’s BBQ. Posted 1/2/2026, 1:34:52 PM By Sean Lennard, WRAL contributor Featured Restaurant News We learned of an exciting development from Michael Bongiorno owner of Bongiorno & Son and the soon-to-open Pranzo, an Italian aperitivo concept, opening at 1000 Social in Midtown Raleigh in March…
Tesla’s recovery has not been as strong as the company had hoped in the face of an influx of more affordable EVs from Chinese and western rivals © Toru Hanai/Bloomberg Tesla lost its crown as the world’s biggest electric-car maker in 2025 to China’s BYD after suffering its second consecutive year of declining vehicle sales….
Jan. 1, 2026, 1:31 p.m. ET Ram is reviving its Hemi V-8-powered TRX off-roading pickup amid looser federal emissions regulations and as parent company Stellantis NV charts a sales turnaround in the truck-loving United States. The automaker said Thursday that the 2027 Ram 1500 SRT TRX will be available in the second half of this…