MLB free agency is almost here so it’s time for my annual ranking of the top free agents with contract predictions and the best team fits for each player. Eligible players technically become free agents the day after the World Series ends but cannot sign with a new team until five days after the final out.This year’s free-agent class will be headlined by Juan Soto, whom many in the industry expect to sign a contract in the $550 million to $650 million range. The top of the pool could feature four front-of-the-rotation pitchers, including Corbin Burnes, Blake Snell, Max Fried and perhaps even…
Author: usaeverydaylife
Boeing 737 fuselages on railcars at Spirit AeroSystems’ factory in Wichita, Kansas, US, on Monday, July 1, 2024. Nick Oxford | Bloomberg | Getty ImagesSpirit AeroSystems is weighing furloughs or layoffs of hundreds more employees if the Boeing machinists’ strike stretches beyond Nov. 25, a company spokesman told CNBC Thursday.Boeing’s machinists, whose strike is about to enter its sixth week, voted 64% against a newly proposed labor contract on Wednesday, extending the work stoppage that has halted production of most of Boeing’s aircraft, which is centered in the Seattle area.Spirit, which makes fuselages for Boeing’s best-selling 737 Max as well as…
As October nears its end, Oppenheimer is eyeing some stocks that it thinks are slated for gains over the next year. October has historically been a volatile month for stocks, and this year’s period has been no different. Both the S & P 500 and the Dow Jones Industrial Average posted their third losing session in a row on Wednesday. That said, the broad market index as well as the Nasdaq Composite are still on track to close out the month in the green. These moves come amid a strong earnings season so far. To date, 32% of the S…
Shoppers at a Walmart store on Black Friday in Secaucus, New Jersey, on Nov. 24, 2023.Victor J. Blue | Bloomberg | Getty ImagesMattel and Hasbro decreased their end-of-year guidance ahead of the key holiday season as toy sales continue to slide during the third quarter.Earnings per share for both toy giants beat out Wall Street expectations while revenue missed, according to consensus estimates compiled by LSEG.But mixed results for both companies’ third quarters were reflected in the updated year-end guidance for 2024.Mattel said it expects sales for the last three months of the year to be “comparable to slightly down”…
Jaxson Dart’s feathered blond hair was tucked under a black hoodie, zipped tightly to his chin. Stone-faced, the quarterback couldn’t stop shaking his head in disbelief.“I don’t understand how we lost,” he said.“We should win that game,” coach Lane Kiffin said.Ole Miss had already suffered a loss to Kentucky. This one landed harder.“We have followed a plan that was deliberate and intentional to make an effort to be in this first 12-team Playoff,” said Walker Jones, the executive director of The Grove Collective. “That started two years ago.”It culminated this fall, Jones said, having invested more than $10 million into…
Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Mike Blake | ReutersRipple Labs CEO Brad Garlinghouse has been skeptical of crypto regulation in the U.S., but he is feeling highly optimistic about the post-election environment around the corner.”This is the most important election we’ve had, but I also believe no matter what happens, we’re going to have a more pro-crypto, more pro-innovation Congress than we’ve ever had,” he said in a Wednesday conversation with CNBC at DC Fintech Week.Ripple, a veteran company in crypto known in part for…
Check out the companies making headlines in midday trading: Lilium — U.S.-listed shares fell more than 57% after the German air taxi startup said in a regulatory filing that its two main subsidiaries would file for insolvency , which is when debts cannot be repaid, in the next few days. Shares of Lilium, which is a penny stock, traded around the 25 cent mark Thursday afternoon. Tesla — The stock surged more than 20% following the electric vehicle maker’s third-quarter profit beat . CEO Elon Musk forecast that the company will see vehicle growth of 20% to 30% in 2025.…
While investors have been infatuated with the latest AI-fueled growth story, I’m actually finding more and more opportunities in defensive areas of the market. These are stocks that have generally underperformed for much of 2024, but recent price and momentum improvements are creating powerful setups with upside potential. Shares of Kroger Co. (KR) are threatening a new 52-week high this week, and a breakout above current levels would confirm one of the most bullish price patterns in the technical toolkit: the cup-with-handle pattern. We can see the cup-with-handle pattern developing on the daily chart, consisting of a six-month rounded bottoming pattern…
Dover on Thursday reported weaker-than-expected third-quarter results, pressuring shares of the industrial conglomerate with ties to AI data centers. We’re not concerned: The company’s recent asset sales is likely causing some confusion about the numbers. Revenue rose 1.3% year over year to $1.98 billion, a tad shy of the $2.05 billion consensus estimate, according to LSEG. Adjusted earnings per share (EPS) in the three months ended Sept. 30 totaled $2.27, missing expectations by 2 cents, LSEG data showed. On an annual basis, EPS increased 6.1%. Shares were down more than 3% in early afternoon trading, to roughly $185 each. The…
OpenAI is disbanding its “AGI Readiness” team, which advised the company on OpenAI’s own capacity to handle increasingly powerful AI and the world’s readiness to manage that technology, according to the head of the team.On Wednesday, Miles Brundage, senior advisor for AGI Readiness, announced his departure from the company via a Substack post. He wrote that his primary reasons were that the opportunity cost had become too high and he thought his research would be more impactful externally, that he wanted to be less biased and that he had accomplished what he set out to at OpenAI.Brundage also wrote that,…
