Coffee prices have hit a half-century high even before Trump’s potential tariffs kick in
Coffee prices are on a tear. Coffee is more expensive — and it’s only going to get worse. Coffee beans have just hit their highest prices in nearly half a century due to bad weather and a mad scramble for supplies. This surge means that coffee prices across the board — from fancy beverages made…
Mark Zuckerberg joined Trump for a Thanksgiving Eve dinner at Mar-a-Lago
Zuckerberg has had a rocky relationship with Trump. Mark Zuckerberg became the latest tech CEO to meet with President-elect Donald Trump. The Meta CEO met with Trump at the latter’s Mar-a-Lago resort in Florida on Wednesday, the night before Thanksgiving. A spokesperson for Meta confirmed to B-17 that the dinner occurred. The New York Times…
Nvidia workforce data explains its meteoric rise
Nvidia’s workforce has increased more than 20-fold in the last twenty years. Nvidia was largely unknown just a few years ago. In 2022, google searches for Jensen Huang, the company’s charismatic CEO, were almost nonexistent. And Nvidia employees were not nearly the source of fascination and interest they are today. Nvidia recruiters are now swamped…
Chip supplier stocks jump as the US weighs up fresh China sanctions
US sanctions are aiming to restrict China’s access to cutting-edge chips. The Biden administration is reportedly considering fresh sanctions against Chinese semiconductor equipment manufacturers, pushing up stocks of semiconductor suppliers in Europe and Japan. Bloomberg reported that while the newly proposed sanctions still target Chinese chip fabrication plants, they put greater emphasis on targeting domestic…
Will TikTok be banned? Here are the latest details on the app’s legal fight to stay in the US and Trump’s options
TikTok’s CEO Shou Chew is fighting for his company’s future in the US. TikTok could be gone from the US in a couple of months. Congress passed a law in April that set a nine-month deadline for TikTok’s owner, ByteDance, to divest from the app or be booted from US app stores. The US government…
Trump tariffs would increase the price of cars made by US automakers by over $2K: Wells Fargo
President-elect Donald Trump’s proposed tariffs could negatively impact the US automaking industry. President-elect Donald Trump’s proposed tariffs on Mexico and Canada would drive up the price of cars assembled in the US by an average of $2,100, according to estimates made by analysts at Wells Fargo. “Autos are stuck in the middle of Trump’s geopolitics,”…
These are the top 3 risks to the US stock market rally, according to Deutsche Bank
Inflation is one risk that could weigh on stocks, particularly if prices in the economy remain sticky, Deutsche Bank said. US stocks have seen stellar gains this year, but there are hurdles that could derail the bull rally, according to Deutsche Bank. In a note to clients on Tuesday, the bank highlighted three potential headwinds…
The S&P 500 will climb 10% to 6,600 next year as earnings and the economy stay strong, Barclays says
raders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE) on January 29, 2019 in New York City. The S&P 500 is primed to continue its bull rally in 2025, though at a slightly slower pace, Barclays strategists said in an outlook published this week.…
Someone managed to sneak on a Delta flight to Paris without a boarding pass
The incident occurred on a Delta from JFK to Paris. A person managed to sneak onto a Delta Air Lines service to Paris and avoided being detected until the flight was nearly over. The incident occurred on DL264 from New York’s JFK Airport to Paris Charles de Gaulle on Tuesday. It was first reported by…
