Before Sidney Crosby’s first home opener at Pittsburgh’s now-extinct Mellon Arena in October 2005, Mario Lemieux walked past a media scrum encircling Crosby and into the players’ lounge, pouring a cup of black coffee.Smirking, he opined about soon being “forgotten.” Then, in an unusually earnest moment, Lemieux predicted Crosby would “own all my records one day,” nodded his head and walked out.Lemieux might have undersold it. Crosby will have an opportunity to break Lemieux’s Penguins records, but also NHL records by Wayne Gretzky (most consecutive seasons averaging at least a point per game) and Steve Yzerman (most consecutive seasons as…
Author: usaeverydaylife
Despite taking a beating in the latter part of August, most chip stocks have staged an impressive relief rally so far. But the rally appears to be losing steam as many of these stocks are exhibiting a similar chart pattern where they are facing pressure near a previous resistance zone. I am basing this trade on the age-old concepts of support and resistance zones. Looking at the 6 month chart below, we can see that Broadcom (AVGO) is facing some resistance at the $168 area which happens to be short term resistance. Additionally, it’s worth noting that the RSI (Relative…
U.S. crude oil traded above $71 per barrel on Tuesday, as optimism grows that the Federal Reserve will cut interest rates this week and production is still disrupted in the Gulf of Mexico.”Supply disruptions are making their mark, including Hurricane Francine’s impact on US Gulf of Mexico infrastructure,” said Svetlana Tretyakova, senior analyst at Rystad Energy.”Expectations of a US Federal Reserve rate cut are gaining momentum, which could be good news for demand,” Tretyakova said.Here are Tuesday’s energy prices:West Texas Intermediate October contract: $71.20 per barrel, up $1.11, or 1.58%. Year to date, U.S. crude oil is down about 1%.Brent November…
An ambulance rushes wounded people to a hospital in Beirut on September 17, 2024, after explosions hit locations in several Hezbollah strongholds around Lebanon amid ongoing cross-border tensions between Israel and Hezbollah fighters. Anwar Amro | Afp | Getty ImagesHundreds of handheld pagers exploded near simultaneously across Lebanon and in parts of Syria on Tuesday, wounding members of the militant group Hezbollah, the Iranian ambassador and dozens of other people. Officials pointed the finger at Israel in what appeared to be a sophisticated, remote attack at a time of rising tensions across the Lebanon border.A Hezbollah official who spoke on condition…
Wall Street analysts are still skeptical on Intel despite its latest moves aimed at righting the ship. Shares of Intel gained more than 3% on Tuesday after the chipmaker said it would turn its foundry business into an independent unit — allowing it to raise outside capital . The company also announced an expanded collaboration to supply Amazon Web Services with Xeon chips and produce a custom AI fabric chip, as well as additional U.S. government funding. Still, Bank of America kept its underperform rating, and JPMorgan reiterated the stock as underweight. Bernstein, Citi and Wells Fargo respectively reiterated their…
A Starlink terminal installed on a Hawaiian Airlines aircraft.Hawaiian AirlinesPARIS — SpaceX nearly doubled its backlog of Starlink in-flight Wi-Fi orders with last week’s United Airlines deal, a company director said Tuesday.”Very excited that we have about 2,500 aircraft under contract now, bringing what was effectively a startup to now what we think is a growing experience that’s going to resonate with all the passengers and the airlines worldwide,” Nick Galano, SpaceX director of Starlink aviation sales and partnerships, said during a panel at the World Space Business Week conference in Paris.The satellite internet arm of Elon Musk’s space company…
The Apple Series 10 is displayed during an event at the company’s headquarters in Cupertino, California, on Sept. 12, 2023.Loren Elliott | ReutersThe new Apple Watch Series 10 hits stores on Friday. I’ve been testing it for the past five days, and there are enough refinements to appeal to first timers and those considering an upgrade.I wasn’t necessarily excited when Apple announced the new watches earlier this month. The company revealed a slightly thinner design, somewhat larger screens and some software features that will apply to earlier models. But taken together, there’s a good amount to like.The Apple Watch is…
Teenagers on Instagram will soon be automatically placed in a new type of account with built-in privacy restrictions that give parents more control.On Tuesday, Meta, the social media platform’s parent company, will begin rolling out its “teen accounts” feature, which aims to put all teens — including those who may try to lie about their ages — into private accounts that can be messaged, tagged or mentioned only by people they already follow. It’s the company’s most significant move yet to manage how minors use Instagram.The feature is Meta’s latest effort to combat child safety issues across its platforms. In…
Tsingha25 | Istock | Getty ImagesThe Federal Deposit Insurance Corporation on Tuesday proposed a new rule forcing banks to keep more detailed records for customers of fintech apps after the failure of tech firm Synapse resulted in thousands of Americans being locked out of their accounts.The rule, aimed at accounts opened by fintech firms that partner with banks, makes the institution maintain records of who owns the account and the daily balances attributed to the owner, according to an FDIC memo.Fintech apps often use a type of account where many customers funds are pooled into a single large account at…
As global growth continues to slow, investors should get overweight on defensive names, according to UBS. August marked yet another month of declining global growth, as the Global Manufacturing Purchasing Managers’ Index (PMI) reported 49.5 for the month , down from 49.7 in July, according to S & P Global Market Intelligence. That marks the second consecutive month with a reading below 50 – the breakeven threshold for activity – and indicative of a contraction. U.S. factories in August also saw another month of slowing . The Institute for Supply Management monthly survey of purchasing managers found that 47.2% said…
