It is the week when Manchester City begin another assault on the Champions League against the backdrop of a legal battle with the Premier League, yet Rodri, the club’s star midfielder, managed to take the conversation in an unexpected direction on Tuesday.A question on the increasing demands being placed upon Europe’s elite players brought a pointed response. “We’re close to (strike action),” Rodri told reporters during a press conference previewing City’s clash with Inter Milan. “It’s the general opinion of the players and if it keeps this way, we’ll have no other option.”The debate over football’s calendar has rumbled on…
Author: usaeverydaylife
A rate-cutting cycle from the Federal Reserve could bode well for some technology stocks. Markets are gearing up for a long-awaited rate cut from the central bank Wednesday after more than two years of aggressive hiking to stem the spread of sticky inflation. It will end one of the most aggressive periods of tightening in recent history. Tech stocks have already experienced another blowout year as AI tailwinds show no signs of dwindling, but the central bank’s easing could offer even more upside as earnings look poised to benefit from lower borrowing costs. The three months following a cut could…
The company’s IM-1 mission lander shortly after launching on Feb. 15, 2024.Intuitive MachinesIntuitive Machines’ stock jumped in early trading Wednesday after NASA awarded the lunar-focused company a major contract to build moon data satellites.”This contract marks an inflection point in Intuitive Machines’ leadership in space communications and navigation,” Intuitive Machines CEO Steve Altemus said in a statement.NASA said the company was the sole awardee to build “lunar relay systems” for the agency’s Near Space Network, a system that communicates with government and commercial missions that are up to 1 million miles from Earth. The contract will see Intuitive Machines build…
Check out the companies making headlines in premarket trading. United States Steel — Shares advanced more than 3% after Reuters reported the Committee on Foreign Investment in the United States granted a request to push back a review of Nippon Steel’s bid for U.S. Steel until after the November election. Reuters cited a person familiar with the matter. General Mills — Shares were 1% lower after profit for the packaged foods company dropped 14% last quarter on lighter margins due to higher input costs. Casella Waste Systems — Stock in the recycling company pulled back more than 4% after it…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Traders and investors are debating if the Federal Reserve will cut 25 basis points or 50 basis points when the decision comes at 2pm eastern time. The Jerome Powell press conference is also in focus with some market watchers saying the tone is possibly more important than the cut itself. Word of day: “Stagflation” Mark Smith of Wells Fargo Advisors said stagflation is the biggest risk to the soft landing as the Federal…
Here are Wednesday’s biggest calls on Wall Street: Stifel initiates Penumbra as buy Stifel said it’s bullish on shares of the medical device company. “We also believe PEN is well-positioned as one of few MedTech companies with positive free cash flow and high growth.” HSBC initiates KKR as buy HSBC said the private equity company is well positioned. “We initiate coverage on KKR & Co with a Buy rating and TP of USD148, as we think the market under-appreciates its significant earnings growth prospects.” Bernstein reiterates Apple as outperform Bernstein urged investor calm following concerns about weaker iPhone demand for…
iPhone 16 ProApple Inc. Apple’s iPhone 16 family of phones will hit shelves on Friday. Ahead of their launch, I’ve spent the past five days been testing the high-end iPhone 16 Pro Max.It’s a great phone with cool updates like a dedicated camera button, and it charges faster over MagSafe than earlier Pro models. The screens are also slightly larger than prior versions.But this review is tricky, because one of the banner features Apple has been hyping — on stage and in its new ads — is Apple Intelligence. It’s Apple’s suite of AI features for the iPhone, and it’s not…
Commuters outside the Bank of England (BOE) in the City of London, UK, on Monday, Sept. 16, 2024. The central bank’s Monetary Policy Committee’s interest rate decision is scheduled for release on Sept. 19. Bloomberg | Bloomberg | Getty ImagesLONDON — With traders preparing for the double impact of monetary policy decisions by both the Federal Reserve and the Bank of England, economists told CNBC that a “jumbo” rate cut by the former won’t deter the latter from a rate hold this week.Markets suggest a more than 60% probability of the Fed opting for a 50 basis point cut — rather…
Former US President Donald Trump speaks at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. Bloomberg | Bloomberg | Getty ImagesSINGAPORE — Cryptocurrency insiders downplayed the potential impact of the U.S. presidential election in November on the market here in the Lion City, even though some also said that former President Donald Trump is seen as more crypto-friendly.”Between [Vice President Kamala] Harris and Trump, Trump is certainly the favorite from a cryptocurrency perspective,” Charles Hoskinson, co-founder of the Ethereum blockchain, told CNBC’s “Street Signs Asia” Wednesday, on the sidelines of TOKEN2049 in Singapore, one of the…
Two games into the 2024 NFL season, there’s been some necessary reshuffling with the QB rankings.The initial rankings were essentially a composite look at the way key evaluators viewed the 32 starting quarterbacks. Now, there’s more to balance. The Athletic’s Week 3 QB rankings There are several key considerations when sorting out the rankings, and they’re not all weighted equally. First, how does the QB’s career resume stack up? How high is his ceiling vs. how low is his floor? Someone like Patrick Mahomes, of course, can afford a bad performance or a substandard stretch and maintain his perch atop…
