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TikTok’s future in U.S. uncertain after court upholds law that could ban it – National
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 ...
The S&P 500 is up nearly 30% in 2024. Don’t expect it to continue
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-...
Police turn over possible DNA evidence in UnitedHealthcare CEO murder case
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...
Chrystia Freeland promises a fall fiscal update as clock ticks down on 2024 – National
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...
UnitedHealthcare CEO killing leads health insurers to pull photos
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...
The market is giving an opportunity to buy one of the best performing stocks ever, says Carter Worth
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...
NYC police hunt for executive’s assassin as 48-hour window closes
World News

NYC police hunt for executive’s assassin as 48-hour window closes

NYPD release photos of suspected gunman without mask Photo: NYPD By Rich McKay and Daniel Trotta, Reuters Police release suspect photos, offer $10,000 reward for information Security tightened at UnitedHealth, other insurers after attack Shell casings found with words linked to critical insurance book The hunt for the killer of a UnitedHealth executive passed the crucial 48-hour mark on Friday, as New York police scoured surveillance video, chased down leads and sought the public's help to find the gunman. Brian Thompson, 50, the CEO of UnitedHealth's insurance unit, was shot from behind on Wednesday in what police described as a targeted attack. Police have released multiple photos of the suspect, who was last recorded on video riding an electric bicycle into Central Park after fleei...
Lululemon (LULU) earnings Q3 2024
Business

Lululemon (LULU) earnings Q3 2024

Lululemon's U.S. growth is continuing to slow, but the athletic apparel retailer is making big gains abroad, leading to a 9% increase in sales year over year.The yoga pants company on Thursday beat Wall Street's expectations on the top and bottom lines and said it's "pleased" with the start to the holiday season. Still, on a call with analysts, CEO Calvin McDonald took a cautious tone when discussing the company's fourth-quarter outlook."While we feel good about the start of the holiday season, we still have large volume weeks in front of us," said McDonald. "Given the shorter holiday shopping season, we continue to be thoughtful in our planning for quarter four overall."Here's how Lululemon performed in its fiscal third quarter compared with what Wall Street was anticipating, based on a s...
Period tracking: Is there really science to monitoring our cycles?
Life Style

Period tracking: Is there really science to monitoring our cycles?

There is precedent for this: in 2019, Flo, a popular period and fertility-tracking app, was embroiled in scandal after allegations surfaced that it shared sensitive user data with third parties, including Facebook and Google, without proper user consent. Despite its promises to protect user privacy, the Federal Trade Commission (FTC) found that Flo was transmitting intimate health details, such as pregnancy statuses and menstruation cycles, to analytics and marketing firms. In the aftermath of the overturning of Roe v Wade in the US, the controversy led to many American women deleting period tracking apps, amid anxiety that their data could be used against them in future criminal cases in states where abortion has been criminalised. Source link
BP reportedly seeks buyers for U.S. natural gas pipeline system stake
Business

BP reportedly seeks buyers for U.S. natural gas pipeline system stake

Signage is displayed on an oil storage tank at the BP-Husky Toledo Refinery in Oregon, Ohio, U.SLuke Sharrett | Bloomberg | Getty ImagesBP is seeking buyers for a stake in its U.S. natural gas pipeline network, four people with knowledge of the matter said.The British energy company could raise up to $3 billion from the sale, two of the people said, with one of them adding that BP may sell up to a 49% stake in the business.The sale process is part of BP CEO Murray Auchincloss's drive to reduce the company's debt levels, which have risen over the past year, another two people said.BP declined to comment. All four people were speaking on condition of anonymity as they were not authorized to speak publicly.With its share price languishing, BP is facing investor pressure to improve performance...