Mug shot of Eric Gillespie, Govini Founder and Chairman.Courtesy: Pennsylvania Attorney GeneralThe founder of Virginia-based defense startup Govini was arrested on charges of attempting to solicit a pre-teen girl for sexual contact in Pennsylvania, authorities said Monday.The founder, Eric Gillespie, 57, was charged with four felonies, including multiple counts of unlawful contact with a minor, according to the Pennsylvania Attorney General’s Office.Gillespie, who lives in Pittsburgh, was denied bail by the judge, citing flight risk and concerns over public safety.His company, which placed him on administrative leave on Monday, has a $900-million U.S. government contract, and multiple deals with the…
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Skims underwear is displayed on a shelf at a Nordstrom store on March 25, 2025 in Corte Madera, California. Justin Sullivan | Getty ImagesKim Kardashian’s Skims brand has raised $225 million in new funding led by Goldman Sachs Alternatives, valuing the shapewear and apparel company at $5 billion — up from roughly $4 billion after its 2023 round.The deal comes as Skims nears $1 billion in annual net sales, six years after its 2019 launch, and marks one of the largest private raises for a U.S. consumer brand this year. BDT & MSD Partners’ affiliated funds also joined the round, Skims…
There is still opportunity to grab attractive income in the market these days, but it’s also important to protect against potential risks to the economy, according to portfolio manager Chitrang Purani. As a manager of the Capital Group Core Plus Income ETF (CGCP), he looks to balance those needs for its investors. The exchange-traded fund has a four-star and a bronze rating from Morningstar. It has a 5.23% 30-day SEC yield and an expense ratio of 0.34%. CGCP YTD mountain Capital Group Core Plus Income ETF year to date As a core-plus offering, the ETF adds some exposure outside of…
Wall Street sees more upside ahead for Walt Disney after the entertainment giant’s fiscal fourth-quarter report due Thursday before market open. Disney shares have taken a backseat to the broader market rally this year, up about 5% year to date. Investors will be watching the report for any signs of acceleration at its experiences and streaming businesses. In its fiscal third quarter, Disney’s earnings topped estimates, helped by streaming growth, anchored by its flagship Disney+ service, and higher consumer spending at its theme parks. However, revenue came up short. Several analysts are optimistic about Disney’s projected earnings growth heading into…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks were mixed Wednesday as Wall Street hoped for an end to the government’s record-breaking shutdown. The House is set for a final vote in the evening on the Senate-backed bill that could reopen the federal government. The Dow hit an all-time high earlier in the session. The S & P 500 and Nasdaq were under some pressure as tech lagged and investors rotated into sectors like health care and…
With the stock market now halfway through the fourth quarter, the rally’s continuation into year-end and beyond will depend how well we see sector rotation. When we talk about “rotation,” it’s easy to focus on the most underperforming areas that could potentially snap back. While that’s often true, from a technical perspective, it’s equally important to identify lagging areas that are forming bullish pattern setups. One such area is a key component of the financial sector — the iShares U.S. Broker-Dealer & Securities Exchanges ETF (IAI) . IAI is making a new high today, which may not sound unique given that other areas…
White House Press Secretary Karoline Leavitt speaks during the daily press briefing in the Brady Press Briefing Room at the White House on Nov. 12, 2025 in Washington, DC. Win McNamee | Getty ImagesKey economic reports for October may not be released at all because of the government shutdown, a senior White House official said Wednesday.With the spending impasse appearing to be near an end, White House press secretary Karoline Leavitt told reporters that part of the fallout could be lasting damage to the government’s data collection ability.”The Democrats may have permanently damaged the Federal Statistical system with October CPI…
Lisa Cook, governor of the US Federal Reserve, at The Brookings Institute in Washington, DC, US, on Monday, Nov. 3, 2025. Aaron Schwartz | Bloomberg | Getty ImagesThe Supreme Court said Wednesday that it will hear oral arguments in the case challenging President Donald Trump’s authority to fire Federal Reserve Gov. Lisa Cook on Jan. 21.Trump said on Aug. 25 that he was firing Cook, who is one of seven Fed governors, citing claims that she committed mortgage fraud in connection with two residences that she owns.This is breaking news. Please refresh for updates. Source link
Code Metal co-founders (L-R): SVP of technology Alex Showalter-Bucher, and CEO Peter MoralesCourtesy Code Metal Inc.Peter Morales started Code Metal two years ago, jumping into the market for artificial intelligence coding tools at a time when AI companies were rapidly changing the market for software development.Now he’s got $36.5 million in the bank, thanks to an investment led by venture firm Accel Partners, known for early bets on Facebook, Dropbox and Atlassian.Code Metal’s technology allows software engineers to write code once, then automatically translate it into any other programming language so they can ship new features faster and to a…
Investors should scoop up shares of e-commerce company Sea , according to Deutsche Bank. The bank upgraded the tech conglomerate to buy from hold. It also lifted its price target to $170 from $165. The new forecast signals 19% upside. Analyst Peter Milliken raised his rating after the company posted third-quarter results that beat expectations. SE YTD mountain SE YTD chart “SEA had another strong quarter for revenue, which rose 38%, however profit was unable to hold recent highs, due to growth investments. This has been poorly received by a market that seemed to have become complacent about the cost…
