(COMBO) This combination of pictures created on January 31, 2025 shows (L) Nvidia CEO Jensen Huang in Las Vegas, Nevada on January 6, 2025, and US President Donald Trump in the Oval Office of the White House in Washington, DC on January 31, 2025. Jensen Huang, CEO of AI chip giant Nvidia, met January 31, 2025 with President Donald Trump as the company suffered a rough week on Wall Street over competition with China and the threat of tariffs on semiconductors.Getty ImagesIt’s been a stellar week for technology stocks thanks to thawing global tensions and President Donald Trump’s Middle East…
Author: usaeverydaylife
Wall Street has enjoyed a banner week, with broad gains for equities on the heels of the U.S.-China tariff truce. It would have looked even better if you could remove one stock. Health insurance giant UnitedHealth Group dropped more than 23% this week following a string of bad headlines. On Tuesday, the company pulled its 2025 guidance and announced that CEO Andrew Witty was stepping down . On Wednesday, The Wall Street Journal reported that the company is facing a Department of Justice investigation over possible Medicare fraud . UnitedHealth said it has not been notified of any investigation. UNH…
Investors will be watching next week to see whether stocks will be able to keep up their recent momentum. Source link
A person walks past the U.S. Supreme Court in Washington, D.C., U.S., April 21, 2025.Kevin Lamarque | ReutersThe Supreme Court on Friday granted a request by Venezuelan nationals seeking an injunction against their removal from the United States under the Alien Enemies Act.This is breaking news. Please refresh for updates. Source link
Nvidia CEO Jensen Huang attends an event, “Investing in America,” held by President Donald Trump in Washington, April 30, 2025.Leah Millis | ReutersU.S. tech giants Nvidia, Cisco and OpenAI are supporting the “UAE Stargate” artificial intelligence data center announced this week, a source familiar with the deal confirmed Friday.AI chip leader Nvidia will supply hardware with the latest Blackwell GB300 systems, the source confirmed.The data center will collaborate with the AI infrastructure project of the same name in the U.S. announced by President Donald Trump shortly after his inauguration in January.It is unclear if Oracle is involved in UAE Stargate as…
Key PointsUnitedHealth Group saw some of its insiders step in and purchase declining shares this week.Kristen Gil, a director at the firm, bought 3,700 shares worth roughly $1 million on Thursday.Shares of UnitedHealth plunged nearly 11% to $274.35 on Thursday following a report in The Wall Street Journal that the Department of Justice is conducting a criminal investigation into possible Medicare fraud. UnitedHealth Group , whose stock has been in a tailspin amid a tumultuous period for the health-care giant, saw some of its insiders step in and purchase declining shares this week. Kristen Gil, a director at the firm, bought 3,700…
Mark Cuban speaks onstage during the 2025 SXSW Conference and Festival at Hilton Austin in Austin, Texas, on March 10, 2025.Julia Beverly | Wireimage | Getty ImagesMark Cuban is launching a new $750 million private equity fund focused on sports franchises, called Harbinger Sports Partners.As sports valuations soar and teams look for new capital, the professional leagues have increasingly opened the door to private equity investment. In August, National Football League owners became the last major sports league to approve private equity investment, allowing up to a 10% stake by select firms.HSP says it will focus its investments on acquiring…
Yoni Assia, co-founder and chief executive officer of EToro Group Ltd., center, and Ronen Assia, co-founder of EToro Group Ltd., center left, ring the opening bell during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, May 15, 2025. Yuki Iwamura | Bloomberg | Getty ImagesThe IPO market has repeatedly tricked investors into believing it’s reopening after an extended drought dating back to early 2022. There are, once again, signs of hope.Shares of stock brokerage platform eToro jumped nearly 29% in their Nasdaq debut on Wednesday after the Israel-based company priced its IPO above…
Many investors are breathing a sigh of relief that stocks seem to be making a comeback. Ned Davis Research says: not so fast. President Donald Trump’s trade policies wreaked havoc on markets to start the year, dragging down the S & P 500 18.9% between its all-time high in February and its closing low in early April. But stocks have made a spectacular recovery since the White House in early April suspended for 90 days its “retaliatory” tariff policies. The S & P 500 has soared nearly 19% since its April 8 low, and is finally positive on the year…
U.S. Federal Reserve in Washington, DC, on January 30, 2024.Mandel Ngan | Afp | Getty ImagesThe Federal Reserve will look to reduce its headcount by 10% over the next couple of years, including offering deferred resignation to some older employees, central bank chair Jerome Powell said in a memo.”Experience here and elsewhere shows that it is healthy for any organization to periodically take a fresh look at its staffing and resources. The Fed has done that from time to time as our work, priorities, or external environment have changed,” Powell said in a memo obtained by CNBC.The central bank chief…
