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📈 All the latest updates on the Stock Market: signals, news, and everything that might move the narrative — all in one place. 😉 We keep an eye on the price; you can just watch us do it. Buy Ads: @JamesCookTg
🚨 ABC News Pays $15 Million To Settle Donald Trump’s Defamation Suit
ABC News and anchor George Stephanopoulos have settled a lawsuit with Donald Trump, who sued the network over false statements made during an interview. Stephanopoulos incorrectly claimed that a jury found Trump liable for raping E. Jean Carroll; in reality, a jury had found Trump liable for sexual abuse but not for rape. Under the settlement, ABC News will pay $15 million to a future presidential foundation and museum established by Trump, plus $1 million for his attorneys' fees.
As part of the agreement, Stephanopoulos will apologize to Trump, and both parties will avoid court-ordered depositions scheduled for next week. Trump accused ABC News and Stephanopoulos of broadcasting false and harmful statements. A judge had previously declined to dismiss the case, focusing on whether the claims were "substantially true."
Carroll has accused Trump of rape dating back to the mid-1990s, and a New York jury awarded her damages for sexual abuse and defamation. Trump has consistently denied her allegations, calling the verdict part of a "witch hunt."
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Michael Saylor's Microstrategy now owns over 2% of the entire Bitcoin supply.
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Chinese President Xi Jinping says "BRICS is fundamentally changing the world market."
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Russia strikes 10-year deal to supply India with 500,000 barrels of crude oil per day for $13 billion annually
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MicroStrategy $MSTR added to the Nasdaq 100. All $QQQ investors are now Bitcoin $BTC investors!
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Billionaire Dan Morehead says Bitcoin is much better than gold.
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❗️SEC Pressures Musk Over Twitter Deals
The SEC has demanded Elon Musk settle or face charges over alleged securities fraud linked to his 2022 Twitter share transactions and Tesla stock sales ahead of his Twitter buyout.
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Texas Lt. Governor Dan Patrick says the state of Texas is prepared to buy up all of the border wall segments the Biden Administration is auctioning for $5 a segment and donate then back to the Trump administration. He has $1 billion to work with.
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JUST IN: 🇺🇸 US President-elect Trump trolls Jim Cramer.
Cramer: Should people buy more stocks?
Trump: "I don't want to get into a situation where they do and we have a dip or something because that can always happen. You know that better than anybody in the world."
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🇺🇸 Jim Cramer interviews President-elect Trump at the New York Stock Exchange opening.
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Meta CEO Mark Zuckerberg donates $1,000,000 to President-elect Trump's inaugural fund.
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📱 Meta services down worldwide, affecting Facebook, Instagram, and WhatsApp.
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⚠️Fed Rate Cut Likely as Inflation Holds Steady
November's 2.7% CPI rise matched forecasts, with core inflation steady at 3.3%. While shelter costs eased slightly, food and used car prices climbed. Markets now see a 97% chance of a December rate cut.
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Amazon Is Maintained at Outperform by Mizuho
Amazon Price Target Raised to $260.00/Share From $240.00 by Mizuho
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Taiwan Semiconductor Reports November Net Revenue of $8.49 Billion
Taiwan Semiconductor Manufacturing said Tuesday that its net revenue rose to NT$276.06 billion ($8.49 billion) in November, from NT$206.03 billion in the same month last year.
Compared to October, net revenue in November was down by 12.2%, the company said.
Revenue for the January-November period was NT$2.616 trillion, an increase of 31.8% compared to the same period in 2023, the company said.
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China aims to start commercializing 6G technology by 2030 and expects that the standard-setting for the technology will be achieved by 2025.
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Broadcom $AVGO brought in more than $30B of revenue from its Semcinoductor segment over the past year up from $17.3B in 2020
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Microstrategy to join NASDAQ-100 index beginning December 23, 2024.
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Tesla jumps to another all-time high. $TSLA has now made an ATH in 3 consecutive days, finishing the week strong 💪
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Senator Cynthia Lummis meets with Trump's incoming Treasury Secretary Scott Bessent to discuss a Strategic Bitcoin Reserve.
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📊Broadcom’s AI Boom: Stock Soars on Bold Revenue Forecast
Broadcom (AVGO) surged over 20% on Friday as CEO Hock Tan highlighted a “massive” opportunity in artificial intelligence.
The company expects its custom AI chips to generate $60–$90 billion in revenue over the next three years.
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Japanese lawmaker pushes for a national Bitcoin reserve, joining global calls to adopt $BTC as a strategic asset.
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Bill Ackman describes the upcoming Trump administration as “the most pro-growth, pro-business, pro-American” he has witnessed in his adult life.
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JUST IN: 🇺🇸 President-elect Trump on crypto and AI
"We're going to do something great with crypto because we don't want China or anybody else, not just China but others are embracing it, and we want to be the head.
We're going to be ahead of AI, we're going to be way ahead of AI, and we've got to produce tremendous amounts of electricity."
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🇺🇸 President-elect Trump rings New York Stock Exchange opening bell after being named TIME's 'Person of the Year.'
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📈Tesla $TSLA reaches new all-time high of $420.
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⚠️Elon Musk becomes first person to surpass $400 billion net worth.
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JUST IN: 🇺🇸 President-elect Trump says anyone investing over $1 billion in the US will receive expedited approvals and permits.
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Oracle Is Maintained at Outperform by Mizuho
Oracle Price Target Raised to $210.00/Share From $185.00 by Mizuho
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LCID: Lucid Stock Gains 10% as Investors Ease Concerns Over Trump’s EV Tax Credits
Read the full story here.
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