The U.S. decision to permit Ukraine limited use of American-made long-range weapons for strikes inside Russian territory marks a significant shift in Washington’s approach to the conflict. This change, reported by NBC News, reflects evolving dynamics as President Joe Biden’s administration nears its conclusion and follows growing pressure from escalating violence, including major Russian attacks… Continue reading Russia warns U.S. is adding fuel to fire with long-range missile decision

Warner Bros. Discovery has decided to end its bid to secure a live National Basketball Association (NBA) game package in the U.S. for the 2025-26 season and beyond, concluding all legal disputes with the NBA. The resolution stems from a July lawsuit filed by Warner Bros. Discovery, alleging the NBA failed to honor its matching… Continue reading NBA, Warner Bros. Discovery agree to settle lawsuit over live game rights

In the week following the 2024 presidential election, the chief financial officer (CFO) of Trump Media, Phillip Juhan, along with two other corporate insiders, sold over $16 million worth of the company’s stock, according to recent disclosures. Juhan, who had previously adopted a trading plan in August to sell 400,000 shares of Trump Media by… Continue reading Trump Media CFO, two other insiders sell millions of dollars worth of DJT stock

In the weeks following the 2024 U.S. presidential election, investors have shown a strong sense of optimism, driving up market prices with high expectations for President-elect Donald Trump’s policies. These expectations center on several key initiatives, including the potential for new tariffs, tax cuts, deregulation, and increased government spending. The market rally, reflected in gains… Continue reading Markets are priced to perfection on the Trump trade. Here’s why that could be a problem

Shares of Trump Media surged on Friday after Donald Trump confirmed he had no plans to sell his stake in Truth Social, the media platform he owns. This reassurance followed a period of market speculation suggesting he might divest his shares, which Trump publicly denounced as false and possibly illegal rumors spread by potential market… Continue reading Trump reiterates no plans to sell DJT after election win; stock soars

The Federal Reserve recently reduced the federal funds rate by 0.25 percentage points, setting it to a target range of 4.5% to 4.75%, which impacts the cost of overnight lending between banks. This decision was announced Thursday at 2 p.m. ET, and it reinforced the financial community’s anticipation of another interest rate cut in December.… Continue reading Traders see good chance the Fed cuts again in December then skips in January

The U.S. economy demonstrated solid, though slightly below-expected, growth in Q3, with GDP rising at an annualized rate of 2.8% from July through September, as reported by the Commerce Department. This figure fell short of the anticipated 3.1% increase and followed a 3% GDP rise in Q2. Despite high interest rates and concerns that post-COVID… Continue reading U.S. economy grew at a 2.8% pace in the third quarter, less than expected

Super Micro’s shares plummeted by as much as 35% on Wednesday following the resignation of its auditor, Ernst & Young (EY), after extended disagreements with the company regarding governance and board independence. EY, which had been contracted to audit Super Micro for the 2024 fiscal year, cited concerns over the company’s internal financial controls and… Continue reading Super Micro shares plunge 35% as auditor resigns after raising concerns months earlier

In September, housing inventory rose by 1.5% compared to the previous month, reaching 1.39 million homes for sale, representing a 4.3-month supply at the current sales pace. This inventory level is 23% higher than in September 2023, providing some relief to homebuyers as it increases available options. However, distressed property sales remain minimal, accounting for… Continue reading September home sales drop to lowest level since 2010

In late October, the Centers for Disease Control and Prevention (CDC) informed McDonald’s about a potential link between its Quarter Pounder burgers and an E. coli outbreak. Initially, the number of cases was smaller, but by Tuesday, the CDC attributed 49 cases and one fatality across 10 states to the outbreak. In response, McDonald’s collaborated… Continue reading CDC told McDonald’s about potential E. coli outbreak late last week

Chris Larsen, the co-founder and chairman of Ripple, has become one of the largest individual donors from the cryptocurrency industry this election cycle, contributing over $11.8 million to political action committees (PACs) supporting Vice President Kamala Harris’s presidential campaign. This includes nearly $9.9 million to Future Forward in September and more than $800,000 to the… Continue reading Billionaire Ripple founder has given more than $11.8 million to Harris campaign

Disney has announced that James Gorman will replace Mark Parker as the company’s chairman in January 2024, as part of a broader plan to eventually name a successor for CEO Bob Iger by early 2026. Gorman, who joined Disney’s board less than a year ago, was named head of the succession planning committee in August… Continue reading Disney will name Bob Iger’s replacement in early 2026; James Gorman to become board chair next year