November 27, 2024
Business - 11/27
πŸ“¦ Trump Threatens Tariffs on Imports, πŸ›‘ Walmart Reduces Diversity Programs ...
πŸ“¦ Trump Threatens Tariffs on Imports President-elect Trump threatens tariffs on imports from Mexico, Canada, and China, potentially impacting global supply chains and consumer prices. πŸ›‘ Walmart Reduces Diversity Programs Walmart scales back DEI initiatives amid conservative pressure, reversing policies related to diversity and inclusion. πŸ’° Intel Gets $7.9B CHIPS Act Grant Intel secures a $7.9 billion grant from the US government to support semiconductor factory construction under the CHIPS Act. ✈️ Airlines Criticized for Seat Fees Airlines earned $12.4 billion in fees from seat selection over five years, facing criticism for dynamic pricing tactics. πŸ“ˆ S&P 500 Reaches Record High The S&P 500 index reached a record high of 6,021.63, marking only its second close above 6,000. πŸ’Ή Fed Minutes Show Rate Uncertainty The Federal Reserve's recent minutes reveal uncertainty among officials regarding future interest rate decisions. πŸš€ Bitcoin Surges as Trump Supports Crypto Bitcoin is experiencing renewed interest, approaching $100,000, as Trump promises a pro-crypto administration. πŸ“Š Consumer Confidence Rises with Jobs Consumer confidence has risen to a 111.7 reading, buoyed by improved perceptions of the job market. πŸ“ˆ S&P 500 Hits New High Despite Tariff Concerns The S&P 500 hit a record high despite concerns over Trump's proposed tariffs on Canadian, Mexican, and Chinese imports. πŸ”‹ Tesla Faces EV Market Challenges Tesla's dominance in the electric vehicle market may be challenged by California's rebate exclusions. β˜• Coffee Giants Battle Rising Costs NestlΓ©, Starbucks, and Keurig Dr Pepper are testing strategies to handle rising coffee costs. πŸ€– AI Adoption Boosts Workplace Productivity Increased use of AI like ChatGPT at work is enhancing productivity and changing workplace dynamics.
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