A “For Sale” sign outside a house in the Capitol Hill neighborhood of Washington, DC, US, on Tuesday, Aug. 12, 2025. Al Drago | Bloomberg | Getty ImagesSales of previously owned homes rose 2% in July compared with June to 4.01 million units, on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Housing analysts had been expecting a slight decline. Sales were 0.8% higher than July 2024.These sales are counted by closings, so contacts likely signed in May and June, when the average rate on the 30-year fixed mortgage was in decline. That rate exceeded 7%…
Author: usaeverydaylife
UnitedHealth was among the stocks that made the coveted Goldman Sachs “Hedge Fund VIP” basket last quarter as professional traders piled into the beaten-down insurer. The Wall Street bank analyzed the holdings of 981 fundamentally driven hedge funds with $3.8 trillion of gross equity positions at the end of the second quarter, based on regulatory filings. It then compiled a basket of the most popular long positions, consisting of 50 stocks that most frequently appear among hedge funds’ 10-largest holdings. This VIP basket has outperformed the S & P 500 this year with a gain of 15%, compared to the S…
Leon Cooperman on CNBC’s “Halftime Report.”Scott Mlyn | CNBCA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Family offices are known to invest for the long haul, sometimes for generations. But after President Donald Trump’s tariff announcements in April, the family offices of billionaire investors were quick to make significant changes to their portfolios, according to second-quarter securities filings analyzed by CNBC.Some moves were clearly connected to tariff and recession fears. In the three months ended June 30,…
U.S. Representative Jamie Raskin speaks during a House of Representatives Oversight Committee hearing on the Attempted Assassination of former President Donald J. Trump.Mostafa Bassim | Anadolu | Getty ImagesTwo top House Democrats are investigating whether Paramount and Skydance Media acquiesced to “illegitimate demands” from President Donald Trump in order to win approval for their $8 billion merger.”Two wrongs do not make a right,” Reps. Jamie Raskin of Maryland and Frank Pallone of New Jersey wrote to David Ellison, CEO of the newly formed Paramount Skydance Corporation, in a letter obtained by CNBC.”Illegitimate demands from the [Federal Communications Commission] or the…
Check out the companies making headlines in midday trading: Coty — Shares of the beauty retailer plummeted more than 20% following its latest quarterly results. While its revenue of $1.25 billion beat the $1.20 billion that analysts surveyed by LSEG were expecting, it posted a loss per share of 5 cents, more than the 2 cents in earnings per share that analysts were looking for. The company also forecast a weak first half of fiscal 2026, but said a turnaround should be in store for the second half, supported by new product launches and tariff mitigation efforts taking hold. Paramount…
Nvidia is the leader in the semiconductor industry. Ahead of its fiscal second-quarter earnings report on Wednesday, and largely due to its dominance in artificial intelligence, Nvidia is the largest publicly traded company in the world by market capitalization — and by a substantial margin. The difference between the valuation of Nvidia and second-place Microsoft is large enough to buy Exxon Mobil with some change left over. Here’s another superlative” Nvidia has a total return of more than 32,000% over the past 10 years. This extraordinary investment performance is driven by the company’s GPUs, which offer superior parallel processing, essential…
The Club’s 10 things to watch Thursday, Aug. 21 — Today’s newsletter was written by Zev Fima, the Investing Club’s portfolio analyst. 1. We’re headed for another lower open. Dow futures are notably down roughly on par with the tech-heavy Nasdaq , which has been hit harder in the recent market rotation, falling over 2% since Monday. The Dow has basically been flat the past two days. For its part, the S & P 500 is on a four-day losing skid. 2. Perhaps this is a reflection of yesterday’s Federal Reserve meeting minutes, which point to Fed Chair Jerome Powell…
The Department of Justice will investigate Federal Reserve Governor Lisa Cook based on a criminal referral sent by a Trump administration housing official and arch critic of central bank chairman Jerome Powell, according to a letter obtained by CNBC’s Sara Eisen on Thursday.The letter, addressed to Powell and signed by Justice Department attorney Ed Martin, urges the Fed chair to fire Cook from the board in light of the allegations that have been lodged against her.”Do it today before it is too late!” Martin wrote.But Powell does not have the authority to fire Cook.The Federal Reserve Act of 1913 states explicitly…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — You’ve heard of “Dividend Aristocrats,” the small group of publicly traded companies in the S & P 500 that have raised their dividend for 25 consecutive years. There are only 69 of these in the index right now. What you may not have heard about are the “Dividend Kings.” These are stocks that have raised their dividend for over 50 consecutive years. This is extremely rarified air. There are just 55 Dividend Kings, and most of…
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesApple is taking a cue from some of its competitors.The technology giant’s Apple TV+ monthly subscription is now $12.99, starting Thursday in the U.S. and other countries.Apple said the new price will hit current subscribers 30 days after their next renewal date. The annual subscription price will not change.For new subscribers, the $12.99 monthly price begins after a 7-day trial period.The change marks Apple’s first price hike for its streaming service since 2023. At the time, Apple lifted its monthly price to about $9.99 from $6.99. The company raised the price…
