Leon Cooperman, Omega Family Office chairman and CEO, remained heavily invested in energy stocks at the end of the first quarter, while adding a new master limited partnership. The billionaire investor took a small stake worth $16.5 million in Sunoco LP last quarter, according to a new regulatory filing. The fuel distributor is up about 9% this year after a 14% sell-off in 2024, and currently yields 6.26%, according to FactSet data. Cooperman, who was once CEO of Goldman Sachs Asset Management before starting Omega, also increased his holdings in two energy stocks that are among his biggest positions — Energy Transfer…
Author: usaeverydaylife
U.S. President Donald J. Trump speaks to media on Air Force One as he departs the Al Bateen Executive Airport on May 15, 2025, in Abu Dhabi, United Arab Emirates. Win Mcnamee | Getty Images News | Getty ImagesPresident Donald Trump took aim at the Supreme Court, fellow Republicans and several celebrities Friday in a series of social media screeds that underscore the domestic political challenges he faces and the personal grievances he won’t let go.”I see that Highly Overrated Bruce Springsteen goes to a Foreign Country to speak badly about the President of the United States,” Trump wrote about…
CoreWeave CEO Mike Intrator testifies before the Senate Committee on Commerce, Science, and Transportation in Washington on May 8, 2025. Intrator and fellow tech leaders testified about the global artificial intelligence race and how the United States can remain competitive.Chip Somodevilla | Getty ImagesCoreWeave investors are having a big week. Shares of the artificial intelligence infrastructure provider are up nearly 60% gain in the past five trading days, lifting the company’s market cap to about $38 billion. CoreWeave has more than doubled in value since its IPO in late March. The company got a big boost after reporting 420% revenue…
Check out the companies making headlines in midday trading. Applied Materials — Shares of the semiconductor manufacturer dropped 6% after Applied Materials posted disappointing fiscal second-quarter revenue. The company’s revenue of $7.10 billion was below the LSEG consensus of $7.13 billion. Semiconductor revenue of $5.26 billion also disappointed the $5.31 billion analysts were looking for. Take-Two Interactive Software — The stock slid 1.8% after the video game company gave weaker-than-anticipated guidance for full-year bookings, expecting the figure to come between $5.9 billion and $6 billion. That missed the $7.82 billion StreetAccount consensus. Take-Two also projected bookings of between $1.25 billion…
(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) The “vol crush” is complete, with the Cboe Volatility Index (VIX) now back down to a level that prevailed just before the stock market’s sell-off got underway on February 19 (Tuesday, February 19 th was the day the S & P 500 Index registered its all-time high). A volatility crush is a sudden and sharp decrease in implied volatility – which is the market’s expectation of future volatility, leading to a corresponding drop in the prices of options contracts. This typically happens after an event that initially caused a spike in…
Dario Amodei, Anthropic’s CEO, speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 21, 2025.Gerry Miller | CNBCEarlier this week, Anthropic received a $2.5 billion, five-year revolving credit line to amp up its liquidity in an ever-expanding — and expensive — competition in the artificial intelligence industry.Anthropic, founded by former OpenAI research executives, launched its Claude chatbot in March 2023.The company closed its latest funding round in March at a $61.5 billion valuation, and the new credit facility adds to that. The company said it plans to use it to strengthen its balance sheet and invest as it…
A grounded Boeing 737 Max 9 aircraft at Los Angeles International Airport.Eric Thayer | Bloomberg | Getty ImagesThe Justice Department isn’t planning to prosecute Boeing in a case tied to two crashes of the aerospace giant’s 737 Max, a person familiar with the matter said, a tentative agreement that would allow the plane-maker to avoid a guilty plea.Boeing agreed to plead guilty in the case last summer in a deal with the Justice Department after the Biden administration found earlier that year that the company violated a 2021 agreement tied to the crashes. A judge rejected that plea deal last…
Jack Hartung, CFO, Chipotle 190604Scott Mlyn | CNBCTesla has appointed long-time Chipotle executive Jack Hartung to its board of directors, effective June 1.As part of the board, Hartung will join Tesla’s audit committee, the electric vehicle company disclosed in a filing with the SEC on Friday.The addition comes as Tesla battles sinking EV sales and eroding profits, and concerns that CEO Elon Musk is focusing too much attention elsewhere, including in his role leading President Donald Trump’s Department of Government Efficiency. The company’s stock price is down 14% this year.Musk began his company’s earnings call last month by saying that his…
The recent pullback in Coinbase shares could be “overdone,” according to Oppenheimer. The firm reiterated its outperform rating on the crypto exchange operator and kept its price target at $293. That target implies 19.9% upside from Thursday’s close. Shares on Thursday fell 7.2% after the company said cybercriminals had bribed overseas support agents to steal customer data , an event it said might cost it up to $400 million to fix. The pullback puts the stock in the red for 2025 with a more than 1% loss. It has also fallen more than 20% over the past six months. “While…
During President Donald Trump’s Middle East trip in May, Nvidia announced significant investments and partnerships focused on advancing their artificial intelligence infrastructure. I want to use options to produce income on Nvidia as I believe new all-time highs ($153.13 all-time high Jan. 5) are coming for the leading AI chipmaker. During the trip, Nvidia agreed to sell 18,000 of its top AI chips to Humain, an AI company backed by Saudi Arabia’s Public Investment Fund. “I am so delighted to be here to help celebrate the grand opening, the beginning of Humain,” CEO Jensen Huang said. “It is an incredible…
