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By Clarissa-Jan Lim As President-elect Donald Trump prepares to return to the White House in January, corporations and their executives are vying to get on his good side, with some companies donating seven-figure sums to his inauguration. Silicon Valley giants like Meta , Amazon, Uber and OpenAI have contributed at least $1 million each to Trump's inaugural fund. As The Wall Street Journal reported Tuesday, citing donors and people familiar with the matter, companies that previously condemned the Jan. 6 attack on the U.S. Capitol and vowed to reconsider support for politicians who rejected the 2020 election results — like Ford, Goldman Sachs and AT&T — have similarly made large contributions to Trump's 2025 inauguration. (A Mother Jones report last year found several corporations, including AT&T, gave money to at least one election-denying lawmaker during the 2022 election cycle after promising to pause contributions to such officials. Neither NBC News nor MSNBC has independently verified the Journal and Mother Jones reports.) “People just really want to move forward and move on. The election results were very clear,” a representative at one of the companies mentioned in the Journal report told the outlet. The Journal did not specify which company employs the representative. The donations to Trump's inauguration have come at such furious pace that his inaugural committee is on track to raise more than $150 million, ABC News reported , citing sources familiar with the matter. That amount would dwarf the $62 million President Joe Biden's inaugural fund raised in 2021 and surpass the $107 million in contributions to Trump's inaugural committee in 2017. Donations to inaugural committees are not restricted by federal law. With Trump expected to make drastic changes to federal policies that oversee a host of industries, several corporate executives — including Amazon's Jeff Bezos , Meta's Mark Zuckerberg and Apple's Tim Cook — have already paid a visit to Mar-a-Lago for some face time with the president-elect. They also likely see these corporate contributions as a chance to generate even more goodwill with the incoming president, whose approach to politics has been more nakedly transactional than most. Clarissa-Jan Lim is a breaking/trending news blogger for MSNBC Digital. She was previously a senior reporter and editor at BuzzFeed News.Blame it on the food and drink?Global Tourism Industry Continues to Boom as Busy Christmas Travel Resumes in US, Australia, Asia and Europe
Rosen Law Firm Encourages Zeta Global Holdings Corp. Investors to Inquire About Securities Class Action Investigation - ZETA
India's former prime minister Manmohan Singh, architect of economic reforms, dies at 92Global stock markets mostly retreated Tuesday as traders eyed looming US inflation data and a key European interest rate call amid global political upheaval. After winning numerous records in the weeks since the November 5 US presidential election, US stocks fell for the second straight day as analysts pointed to profit-taking. But Alphabet jumped more than five percent after Google showed off a new quantum computing chip that it described as a significant breakthrough in the field, arguing it could lead to advances in drug discovery, fusion energy and other areas. The Paris stock market retreated as French party leaders gathered at President Emmanuel Macron's Elysee Palace office to chart a route towards a new government. The euro also fell ahead of the European Central Bank's monetary policy meeting on Thursday. The ECB is expected to lower interest rates by 25 basis points amid weak eurozone growth. Independent analyst Andreas Lipkow said traders were taking a cautious approach ahead of the ECB meeting. The main US indexes struggled as traders eyed US consumer price inflation (CPI) data due Wednesday, which could play a role in whether the US Federal Reserve decides to cut interest rates next week. On Wall Street, "tomorrow's CPI report is in full focus with a looming rate-decision from the Fed coming," analyst Bret Kenwell of trading platform eToro said in a note. Following recent spending and jobs data "traders have felt even more emboldened to bet on a December rate cut, while the Fed has done little... to quiet that expectation," he added. Earlier, stock markets weighed "concerns that China's economic stimulus measures might not have a long-lasting effect", noted Dan Coatsworth, investment analyst at AJ Bell. The growth plan comes as Beijing contemplates Donald Trump's second term in the White House. The US president-elect has indicated he will reignite his hardball trade policies, fueling fears of another standoff between the economic superpowers. The Shanghai stock market ended higher but Hong Kong fell. Seoul's Kospi index rallied more than two percent after tumbling since President Yoon Suk Yeol declared short-lived martial law on December 3. On the corporate front, shares in Stellantis rose around one percent on the Paris stock exchange after the car giant and Chinese manufacturer CATL announced plans for a $4.3-billion factory making electric-vehicle batteries in Spain. Walgreens Boots Alliance soared 17.7 percent following reports that it could be acquired by private equity firm Sycamore Partners. Boeing jumped 4.5 percent as it announced it was resuming production at two Seattle-area plants that had been shuttered for nearly three months due to a labor strike. New York - Dow: DOWN 0.4 percent at 44,247.83 (close) New York - S&P 500: DOWN 0.3 percent at 6,034.91 (close) New York - Nasdaq Composite: DOWN 0.3 percent at 19,687.24 (close) Paris - CAC 40: DOWN 1.1 percent at 7,394.78 (close) Frankfurt - DAX: DOWN 0.1 percent at 20,329.16 (close) London - FTSE 100: DOWN 0.9 percent at 8,280.36 (close) Hong Kong - Hang Seng Index: DOWN 0.5 percent at 20,311.28 (close) Shanghai - Composite: UP 0.6 percent at 3,422.66 (close) Tokyo - Nikkei 225: UP 0.5 percent at 39,367.58 (close) Seoul - Kospi: UP 2.4 percent at 2,417.84 (close) Euro/dollar: DOWN at $1.0529 from $1.0554 on Monday Pound/dollar: UP at $1.2773 from $1.2757 Dollar/yen: UP at 151.92 yen from 151.21 yen Euro/pound: DOWN at 82.42 from 82.73 pence West Texas Intermediate: UP 0.1 percent at $68.59 per barrel Brent North Sea Crude: UP 0.1 percent at $72.19 per barrel burs-jmb/nro
Global stocks mostly fall ahead of ECB, US inflation data
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