Author: Press Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Gambling hub Macau has rolled the dice on a Beijing-backed former top judge as its new leader, in a move that analysts said could intensify Chinese authorities’ push for the former Portuguese colony to diversify its economy away from the gaming sector.Beijing- and Portugal-educated Sam Hou Fai will take office in December after being elected unopposed on Sunday, with 394 votes from a 400-member selection committee mostly comprising pro-Beijing politicians and businesspeople and representing less than 1 per cent of Macau’s population.Outgoing…
He made a documentary about the January 6 Capitol riot. He is worried we may be headed there again CNN’s Erin Burnett talks to documentary filmmaker Nick Quested, who made a documentary examining the 64 days between the 2020 election and the January 6 Capitol riot, about the rhetoric around the 2024 election and his concerns about the transfer of power in 2025. Read the full article here
The Medicare Prescription Payment Plan (MPPP, M3P or MP3) will take effect January 1, 2025. It will allow those who have Part D prescription drug coverage to spread the costs out over the year, instead of paying all at once. As with anything that is brand-new, this plan can be confusing. Because drug plan enrollees need to decide whether or not to enroll (participation is voluntary), getting a handle on how it will work is very important. The Medicare Plan Finder has a link on the plan details page to show what each enrollee’s drug costs would be with and…
Billionaire investor Stanley Druckenmiller said on Wednesday that his decision to sell out of Nvidia this year was a “big mistake.””I’ve made so many mistakes in my investment career — one of them was I sold all my Nvidia probably somewhere between $800 and $950,” Druckenmiller said in an interview on Bloomberg. “I own none and I owned none the last 400 points.”Druckenmiller’s comments do not reflect Nvidia’s 10-for-1 stock split, which went into effect in June. The stock closed Wednesday at $135.72. On a split-adjusted basis, his sales would have taken place at between $80 and $95.Nvidia has been…
Check out the companies making headlines in extended trading: Discover Financial — Shares inched lower by 1%. The financial services company posted third-quarter results that surpassed expectations, with earnings of $3.69 per share on $4.45 billion of revenue. Analysts polled by LSEG were calling for earnings of $3.42 per share and revenue of $4.35 billion. CSX — The rail transportation company lost 4% after third-quarter results fell short of Wall Street’s forecasts. CSX reported earnings of 46 cents per share on revenue of $3.62 billion, while analysts polled by LSEG anticipated 48 cents per share in earnings and revenue of…
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J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Q3 2024 Earnings Conference Call October 15, 2024 5:00 PM ET Company Participants Brad Delco – SVP of FinanceShelley Simpson – President and CEOJohn Kuhlow – CFOSpencer Frazier – EVP of Sales and MarketingNick Hobbs – COO and President, Contract ServicesDarren Field – President, IntermodalBrad Hicks – President, Highway Services and EVP of People Conference Call Participants Ken Hoexter – Bank of AmericaBrian Ossenbeck – JPMorganJon Chappell – Evercore ISIJordan Alliger – Goldman SachsDaniel Imbro – Stephens, Inc.Scott Group – Wolfe ResearchRavi Shanker – Morgan StanleyTom Wadewitz – UBSChris Wetherbee – Wells FargoDavid Zazula…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Elon Musk has said Tesla’s valuation could go as high as $5tn as it pivots to autonomous driving and artificial intelligence — seven times its value today. The company’s shares are down more than 10 per cent in the past week after its robotaxi event disappointed investors. But even if Tesla had delivered on the hype, should robotaxis be that big a deal for investors today?Despite recent declines, Tesla shares trade at 80 times forward earnings — a steep premium to global…
A text message last week to young voters in Wisconsin is stirring new concerns in the battleground state about a messaging campaign that could intimidate college students from casting ballots this election, according to a letter from voter protection groups released Tuesday. The unsolicited text, sent from at least one 262- number to cell phones of people in their early 20s on University of Wisconsin campuses and elsewhere, says: “WARNING: Violating WI Statutes 12.13 & 6.18 may result in fines up to $10,000 or 3.5 years in prison. Don’t vote in a state where you’re not eligible.” The two state codes that…
The start of the Medicare Open Enrollment Period revealed major changes in the availability of plans and pricing. The biggest changes are in Medicare Advantage plans and Part D prescription drug plans. As expected, significant changes were on the way because of announcements from major insurers and policy changes from the Centers for Medicare & Medicaid Services. Revisions in the law also made an upheaval likely, especially in Part D plans. Preliminary data from CMS issued before open enrollment (which runs from October 15 to December 7) summarized the changes. There are 6.6% fewer Medicare Advantage plans with prescription drug…
