Monday, December 22

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Magic can’t save ‘Harry Potter’ star Rupert Grint from US$2.3M tax bill – National
7Dec By Aditi PawarNo Comments
Entertainment, Movies

Magic can’t save ‘Harry Potter’ star Rupert Grint from US$2.3M tax bill – National

By Staff The Associated Press Posted December 1, 2024 9:27 am Updated December 2, 2024 8:23 am 1 min read Descrease article font size Increase article font size Former “Harry Potter” film actor Rupert Grint faces a 1.8 million-pound (US$2.3 million) bill after he lost a legal battle with the tax authorities. Grint, who played Ron Weasley in the magical film franchise, was ordered to pay the money in 2019 after H.M. Revenue and Customs, the U.K. tax agency, investigated his tax return from seven years earlier. ...
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Meta shares rise on potential TikTok ban in U.S., closing at record
7Dec By Aditi PawarNo Comments
Business

Meta shares rise on potential TikTok ban in U.S., closing at record

Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta shares continued their extended rally on Friday, rising 2.4% and closing at a record after a federal appeals court upheld a law requiring China's ByteDance to sell TikTok or face an effective U.S. ban.The Facebook parent has climbed 77% this year after almost tripling in 2023, pushing Meta's market cap close to $1.6 trillion.Alongside Meta, Amazon also closed at an all-time high on Friday and is up 49% this year. Apple slid slightly from its high on Thursday. The hefty gains this year among tech's megacaps helped lift the Nasdaq to a record. The index rose 0.8% on Friday and has gained 32% in 2024.Meta CEO Mark Zuckerb...
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Workday shares pop 9% on inclusion in S&P 500
6Dec By Aditi PawarNo Comments
Business

Workday shares pop 9% on inclusion in S&P 500

A close-up of the Workday logo on its headquarters in Pleasanton, California.Smith Collection | Archive Photos | Getty ImagesWorkday shares jumped almost 10% in extended trading on Friday after S&P Dow Jones Indices said the cloud software vendor will be added to the S&P 500.It will replace Amentum Holdings on the index effective Dec. 23, according to a statement. The index has picked up a handful of other prominent technology stocks this year, including Dell and Palantir.Workday, founded in 2005 and based in Pleasanton, California, went public on the New York Stock Exchange in 2012. In 2017 Workday switched its listing to the technology-centric Nasdaq. In November, Workday said it delivered $193 million in net income on $2.16 billion in quarterly revenue, which was up 16% year ov...
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United Healthcare CEO shooting: Executives worry about safety
6Dec By Aditi PawarNo Comments
Business

United Healthcare CEO shooting: Executives worry about safety

Closed circuit screenshots of a person of interest in the UnitedHealthcare CEO killing.Source: NYPDUnitedHealthcare CEO Brian Thompson was fatally shot Wednesday doing something countless other American executives routinely do: Walking unaccompanied to an investor event held by his company.But Thompson's death this week in the heart of corporate America's capital has sent shockwaves throughout the business world, forcing companies to rethink the risks in even the most routine executive responsibilities."Everyone's scrambling to say, 'Are we safe?'" said Chuck Randolph, chief security officer for Ontic, an Austin, Texas-based provider of threat management software. "This is an inflection point where the idea of executive protection is now raised to the board level. Everyone I know in the in...
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TikTok’s future in U.S. uncertain after court upholds law that could ban it – National
6Dec By Aditi PawarNo Comments
Politics

TikTok’s future in U.S. uncertain after court upholds law that could ban it – National

A federal appeals court panel on Friday unanimously upheld a law that could lead to a ban on TikTok in a few short months, handing a resounding defeat to the popular social media platform as it fights for its survival in the U.S. The U.S. Court of Appeals for the District of Columbia Circuit denied TikTok’s petition to overturn the law — which requires TikTok to break ties with its China-based parent company ByteDance or be banned by mid-January — and rebuffed the company’s challenge of the statute, which it argued had ran afoul of the First Amendment.“The First Amendment exists to protect free speech in the United States,” said the court’s opinion, which was written by Judge Douglas Ginsburg. “Here the Government acted solely to protect that freedom from a foreign adversary nation and to ...
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The S&P 500 is up nearly 30% in 2024. Don’t expect it to continue
6Dec By Aditi PawarNo Comments
Business

The S&P 500 is up nearly 30% in 2024. Don’t expect it to continue

Traders react after the closing bell on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023. Brendan Mcdermid | ReutersHowever you feel about the world these days, you're likely happy with the stock market.The S&P 500 is up nearly 30% this year so far.But it's important for investors to temper their expectations and to remember that years like this one are rare, said Cathy Curtis, a certified financial planner and the founder and CEO of Curtis Financial Planning in Oakland, California."Investors should know that the stock market has an average annualized return of over 10% for decades," said Curtis, a member of CNBC's Advisor Council."The past year has seen growth way over this amount and it would be highly unusual for that to continue for a multi-...
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Police turn over possible DNA evidence in UnitedHealthcare CEO murder case
6Dec By No Comments
World News

Police turn over possible DNA evidence in UnitedHealthcare CEO murder case

Police place bullet casing markers outside of a Hilton Hotel in Midtown Manhattan in New York, where United Healthcare CEO Brian Thompson was fatally shot on Wednesday, December 4. Photo: CNN Newsource A Canterbury commerce graduate has been caught up in the police investigation into the killing of UnitedHealthcare chief executive Brian Thompson. Niki Dilley, who had been visiting New York, has described the police investigation at his hostel - where the chief suspect was also staying - as "scary but cool". It comes as detectives investigating the killing of Thompson recovered possible DNA evidence from items found at the scene and turned it over to a lab for testing, according to a senior law enforcement official briefed on the investigation. Samples sent for testing are from a water b...
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Chrystia Freeland promises a fall fiscal update as clock ticks down on 2024 – National
6Dec By Aditi PawarNo Comments
Politics

Chrystia Freeland promises a fall fiscal update as clock ticks down on 2024 – National

Descrease article font size Increase article font size Finance Minister Chrystia Freeland says she will deliver a fall economic statement sometime this year as the clock ticks down on the remaining days in the House of Commons for 2024. Freeland, who is also the Liberal government’s deputy prime minister, made the pledge in Toronto after announcing funding for the Canadian artificial intelligence firm Cohere.“I will deliver a fall economic statement this year,” Freeland said.The fall fiscal update is typically delivered as a stopgap between federal budgets, providing revised economic updates on Ottawa’s projections and accounting for newly announced items in the government’s spending plans.Delivering a fall economic statement is not a mandated...
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UnitedHealthcare CEO killing leads health insurers to pull photos
6Dec By Aditi PawarNo Comments
Business

UnitedHealthcare CEO killing leads health insurers to pull photos

 Igor Golovnov | Sopa Images | Lightrocket | Getty ImagesThe killing of UnitedHealthcare CEO Brian Thompson led Centene, another big health insurer, to switch to a virtual investor day instead of a planned in-person event in New York.Thompson's slaying also has spurred some major health companies, including UnitedHealthcare's parent company, to remove photos of executives and board members from their websites.And the health insurer Medica, which like UnitedHealthcare is based in Minnesota, closed its main campus in Minnetonka because of safety concerns for its employees."The safety of Medica employees is our top priority and we have increased security for all of our employees," a Medica spokesperson told NBC News."Although we have received no specific threats related to our campuses, our o...
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The market is giving an opportunity to buy one of the best performing stocks ever, says Carter Worth
6Dec By Aditi PawarNo Comments
Business

The market is giving an opportunity to buy one of the best performing stocks ever, says Carter Worth

Automotive replacement parts and accessories retailer AutoZone (AZO) , one the single best performing stocks in the world since its IPO 33 years ago in 1991, has been range bound the past 9 months, substantially underperforming its sector (consumer discretionary) and underperforming the market. The opportunity here and now, by our work, is to buy AutoZone as a "catch up" trade, playing for a prospective breakout from the range in which it's been mired since March. We're buyers here for a breakout to new 52-week highs... We're buyers here for a breakout to new all-time highs... -Carter Braxton Worth For actionable recommendations via email and live nightly videos become a member at worthcharting.com DISCLOSURES: (none) All opinions expressed by the CNBC Pro contributors are solely their opi...
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