Jakub Porzycki | Nurphoto | Getty ImagesNvidia on Wednesday climbed into positive territory for the year, becoming the latest “Magnificent 7” member stock to flip into the green amid the broader market’s recovery.The artificial intelligence darling surged more than 4% in the session, bringing its gain for this week above 15%. That rally has pulled the stock up about 0.7% year to date.Stock Chart IconStock chart iconNvidia in 2025Nvidia’s surge above its 2025 flatline comes after CEO Jensen Huang announced Tuesday that the company would sell more than 18,000 of its top AI chips to Saudi Arabia. Huang joined other…
Author: usaeverydaylife
Netflix said Wednesday its cheaper, ad-supported tier now has 94 million monthly active users — an increase of more than 20 million since its last public tally in November.The company and its peers have been increasingly leaning on advertising to boost the profitability of their streaming products. Netflix first introduced the ad-supported plan in November 2022.Netflix’s ad-supported plan costs $7.99 per month, a steep discount from its least-expensive ad-free plan, at $17.99 per month.”When you compare us to our competitors, attention starts higher and ends much higher,” Netflix president of advertising Amy Reinhard said in a statement. “Even more impressive, members pay…
It takes at least two countries to make a deportation happen: one to send deportees and one to receive them. Typically, the receiving country agrees to take back its own citizens, but the Trump administration is developing other options.The U.S. has sent hundreds of deportees, most of whom appear to be Venezuelans, to El Salvador, where they are being held in a maximum-security prison notorious for its brutality. The U.S. has sent migrants from Asia, the Middle East and Africa to Panama and Costa Rica, including families with young children.The Trump administration is also in early talks with the Rwandan…
A handful of hedge fund founders took the stage Wednesday at the 2024 Sohn Investment Conference in New York to share their best investment ideas.The conference — one of the most anticipated hedge fund events of the year — kicked off with “Next Wave Sohn,” a session that features ideas from leaders in the hedge fund industry.Here are their picks:Alexandra Engler, Arene CapitalAlexandra Engler, managing partner of Arene Capital, pitched Celanese as a top pick primed for sharp gains ahead.Celanese is the world’s largest producer of acetic acid and the most vertically integrated large Western producer of the compound, which…
Large banks have many advantages over smaller counterparts, but several regional bank stocks remain standouts, according to Truist. Plus, they pay solid dividends. Bank stocks have largely reversed course after sinking on President Donald Trump ‘s tariff policy announcement in early April. The SPDR S & P Regional Banking ETF has seen four consecutive weeks of gains and is up about 5% so far this week. Yet the ETF is still down nearly 2% year to date. KRE YTD mountain SPDR S & P Regional Banking ETF in 2025. In this environment, Truist is being selective when it comes to…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailBilly Nolen, former acting FAA administrator, joins CNBC’s ‘Money Movers’ to discuss expectations for Newark Airport in the wake of outages, whether investigations into airports may increase, and more. Source link
The Israeli military struck the southern Gaza city of Khan Younis on Tuesday evening in an attempt to kill Muhammad Sinwar, one of Hamas’s top leaders in the enclave, according to Israeli military officials.There was no immediate confirmation that Israel was successful.Throughout the war in Gaza, Israel has sought to eliminate Hamas’s hierarchy, methodically assassinating the group’s top officials. After such killings, the Israeli military has often taken weeks to confirm a target’s death, while Hamas has sometimes taken months.Here’s what we know about Mr. Sinwar, who has survived such assassination attempts before.He is Yahya Sinwar’s younger brother.Muhammad Sinwar was…
What do Incyte , KKR and Chipotle have in common? At first glance, absolutely nothing. INCY is a biotech stock, KKR is a financial/private equity firm and CMG is, of course, a popular restaurant in the consumer discretionary sector. If you haven’t heard much about these names during the market’s recent surge, it’s no surprise. All three remain below their respective 200-day moving averages, which means they’ve underperformed in recent weeks. This is especially glaring compared to large-cap growth stocks, many of which have rallied 20%, 30%, 40% from their lows. Some are even approaching new highs for the year.…
These are the stocks posting the largest moves in midday trading. Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailBilly Nolen, former acting FAA administrator, joins CNBC’s ‘Money Movers’ to discuss expectations for Newark Airport in the wake of outages, whether investigations into airports may increase, and more. Source link
