Author: Press Room
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are starting the first day of October and the fourth quarter on a lower note, following a similar trend we saw at the start of August and September. The pullback in early August occurred after the popular “yen carry trade” imploded, causing forced liquidation of stocks. The September sell-off was based on an economic growth scare and concerns that the Federal Reserve was too slow to cut interest rates.…
New York magazine writer Olivia Nuzzi is publicly accusing her ex-fiancé Ryan Lizza, a prominent political journalist with Politico, of orchestrating a harassment and blackmail campaign against her after their split and while Nuzzi had a personal relationship with Robert F. Kennedy, Jr. The accusations — which Nuzzi made in a filing and before a judge in Washington, DC’s Superior Court this week and which he denies — are the latest explosive twist to emerge from the fallout of her previously undisclosed relationship with Kennedy, the former independent presidential candidate, and as the national political press has turned the saga into a discussion of journalism ethics. Nuzzi wrote in a court filing…
This article was written byFollowMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.Analyst’s Disclosure: I/we have a beneficial long position in the shares of EXTR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no…
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HousePresident Joe Biden has accused Donald Trump of “lying” over the White House’s response to Hurricane Helene, a storm that ripped through the south-eastern US, killing more than 100 people, with about 600 still missing.The devastation, including widespread flooding and property damage, hit with little more than a month until the US presidential election pitting Trump against Kamala Harris, the Democratic vice-president, affecting North Carolina and Georgia, two battleground states. The Biden administration and local officials have struggled to…
President Biden accused former President Donald Trump of “lying” about the federal response to Hurricane Helene after a reporter started to ask Biden about Trump’s baseless accusation that he and the federal government were going out of their way to avoid helping people in Republican areas. Read the full article here
This month, the U.S. Senate’s Special Committee On Aging held a hearing to address elder financial fraud. It is entitled Fighting Fraud: How Scammers are Stealing from Older Adults. Ranking member Senator Braun stated that Medicare fraud alone cost taxpayers $60B in 2023. The committee thoroughly explored the broad topic of financial elder abuse and solutions. Here at AgingParents.com, where we see the vulnerability of elders firsthand, and repeatedly hear about clients’ aging parents being ripped off, we are glad to see the Senate paying attention. There was testimony from various qualified witnesses at the hearing, which is recorded. Among…
Emily Odio-Sutton started her Etsy side hustle on her couch while watching a “Real Housewives” TV show in December 2022. She doesn’t recall which one, but she does remember the months of research fed into that moment.Her oldest daughter would start kindergarten the following year, and she knew she couldn’t leave her 9-to-5 job in the middle of the day — even though it was a remote gig — for school pickups, or gymnastics or swimming practice drop-offs.Amid her “doomscrolling,” Odio-Sutton found a series of YouTube videos about print-on-demand — an e-commerce method where sellers create designs for products like…
Artificial intelligence chip startup Cerebras Systems on Monday filed its prospectus for an initial public offering, with plans to trade under the ticker symbol “CBRS” on the Nasdaq.Cerebras competes with Nvidia, whose graphics processing units are the industry’s choice for training and running AI models. Cerebras says on its website that its WSE-3 chip comes with more cores and memory than Nvidia’s popular H100. It’s also a physically larger chip. In addition to selling chips, Cerebras offers cloud-based services that rely on its own computing clusters.Cerebras had a net loss of $66.6 million in the first six months of 2024…
The head of the National Transportation Safety Board blasted the Federal Aviation Administration, saying the agency is not taking seriously enough the potential for jammed flight controls on some Boeing 737s. In a new letter shared with CNN, NTSB Chair Jennifer Homendy wrote FAA Administrator Mike Whitaker to say that the regulator failed to act when the pilots of a United Airlines Boeing 737 MAX reported that their rudder pedals became stuck when coming in for a landing in Newark, New Jersey on February 6. Last Thursday, the NTSB issued an “urgent” safety warning, saying that some 737s equipped with…
This article was written byFollowADS Analytics is a team of analysts with experience in research and trading departments at several industry-leading global investment banks. They focus on generating income ideas from a range of security types including: CEFs, ETFs and mutual funds, BDCs as well as individual preferred stocks and baby bonds.ADS Analytics runs the investing group Systematic Income which features 3 different portfolios for a range of yield targets as well interactive tools for investors, daily updates and a vibrant community.Analyst’s Disclosure: I/we have a beneficial long position in the shares of SNV.PR.E, NYMTI, SAT, HTFC, OXSQZ either through…
