Republican presidential nominee and former U.S. President Donald Trump speaks to the press at Trump Tower in New York City, U.S., September 26, 2024. REUTERS/David Dee DelgadoDavid Dee Delgado | ReutersFormer President Donald Trump on Friday called for Google to be criminally prosecuted for what he called the company’s bias toward his election opponent Vice President Kamala Harris in online search results.Trump in a social media post wrote that if the Department of Justice does not prosecute Google “for this blatant interference of Elections” he would request its prosecution “when I win the election and become President of the United…
Author: usaeverydaylife
Small business owners are collectively breathing a sigh of relief at the Federal Reserve’s widely-anticipated decision to cut interest rates last week, and new data show owners expect to put that increased capital to work.CNBC and SurveyMonkey’s Small Business Survey for Q3 found that owners said lower interest rates will lead them to increase investments, expand their business or increase inventory. The poll was taken September 3-9, before the Fed meeting where a rate cut was expected, among a national sample of 2,276 self-identified small business owners ages 18 and up online.Main Street has been closely monitoring interest rates. Data…
Check out the companies making headlines in midday trading: Bristol-Myers Squibb — The drug maker jumped more than 3% after the U.S. Food and Drug Administration approved a highly anticipated schizophrenia drug , the first novel type of treatment for the chronic mental disorder in more than seven decades. Bristol-Myers Squibb expects the twice-daily pill, which will be sold under the brand name Cobenfy, to be available in late October. Novo Nordisk — U.S.-listed shares of the Danish drugmaker slid 2.9% after JPMorgan said to expect lower sales than Wall Street anticipated for the third quarter, citing a softer-than-consensus outlook…
October is historically a very volatile month for the market. However, these stocks are relatively stable and can help investors ride out the wild swings. Since 1950, the S & P 500 has recorded an average daily move of 1.3%, higher or lower, for the month . Even when excluding the Black Monday crash of 1987, October remains the stormiest month for stocks. With this in mind, CNBC Pro screened for some safe-haven stocks that investors can look toward for some calm during the rocky times. Here is the criteria for the following stocks: Low volatility: 3-year Beta of less…
It’s going to be hard to count on another strong month for stocks after September’s performance. The final month of the third quarter has been surprisingly good for investors. Often regarded as the weakest month of the year for stocks, the major market averages were on track as of Friday to close it out with a robust advance, helped by the Federal Reserve’s big rate cut last week. Both the Dow Jones Industrial Average and S & P 500 have broken out to new highs this month. The 30-stock Dow closed above 42,000 for the first time ever, while the…
Omar Marques | Lightrocket | Getty ImagesShares of Trump Media were trading more than 6% higher as of 2 p.m. ET on Friday after major shareholder United Atlantic Ventures, LLC, sold nearly 11 million of their shares in the company Thursday.UAV, an investment partnership of former “Apprentice” contestants Andrew Litinsky and Wes Moss, dumped virtually its entire stake in the company Thursday. It was left with just 100 shares in Trump Media, which also owns former president Donald Trump’s social media app Truth Social.Litinsky and Moss co-founded the social media company with Trump in 2021. The two have since fallen…
It was one of the ugliest off-court moments in recent NBA history. After Derrick Rose was found not liable for the alleged gang rape of his former girlfriend in 2016, jurors took pictures with the former league MVP outside the Los Angeles courthouse.Rose, the longtime Chicago Bull, was free to start his career with the New York Knicks as just a basketball player, a former superstar felled by injuries who was trying to approach his previous heights after repeated recoveries knocked him off his seemingly divined path. That is a story, as sports fans, we have seen before and innately understand.…
A bulldozer moves coal that will be burned to generate electricity at the American Electric Power coal-fired power plant in Winfield, West Virginia.Luke Sharrett | Bloomberg | Getty ImagesThe planned restart of Three Mile Island is a step forward for nuclear power, but the U.S. needs to deploy new plants to keep up with rising electricity demand, one of the nation’s top nuclear officials said this week.The U.S. needs to at least triple its nuclear fleet to keep pace with demand, slash carbon-dioxide emissions and ensure the nation’s energy security, said Mike Goff, acting assistant secretary for the Office of…
Old-line hand tools manufacturer Stanley Black & Decker (SWK) , founded in 1843, is a fallen champion that’s judged to be making a comeback. Its chart pattern qualifies as a “bearish-to-bullish” reversal buy. Down some 23% from where it was trading 5 years ago (vs. a 95% gain for the S & P 500 Index in the period) SWK has much ground to make up versus the market. And of late, SWK has come to life and made up some ground, outperforming the SPX the past 3 months and the past 6 months. SWK, after recovering post Covid with the…
As the International Longshoremen’s Association port workers move closer to a strike at East Coast and Gulf Coast ports, the union is warning that major importers such as LG Electronics, Walmart, Ikea, Samsung, and Home Depot will find no options to divert trade to Canada or the West Coast as other unions close ranks in support of its labor battle.These companies are among the leading importers at the 14 major ports that an ILA strike would impact, according to ImportGenius. Overall, between 43%-49% of all U.S. imports and billions of dollars in trade monthly are at stake as the union…
