Rick Rieder, BlackRock Senior Managing Director, Chief Investment Officer of Global Fixed Income, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023.Adam Jeffery | CNBCThe White House search for the next Federal Reserve chair continues to twist and turn, with BlackRock bond chief Rick Rieder emerging as the latest hot candidate.Administration sources tell CNBC that the asset management giant’s chief investment officer of global fixed income interviewed Friday with Treasury Secretary Scott Bessent, the Trump administration’s point man for Jerome Powell’s successor.”Whoever ends up being the Fed chair, there’s so many innovative things,” Rieder said…
Author: usaeverydaylife
Rieder, a widely followed investor on Wall Street, said in a panel at the Future Proof Festival in Huntington Beach, Calif.. that he’s bullish on Big Tech and he’s also been buying long-dated municipal bonds. Source link
Stellantis’ Ram 1500 Revolution battery-electric concept pickup truck is introduced during a keynote address by Stellantis CEO Carlos Tavaras during CES 2023 at The Venetian Resort Las Vegas on January 05, 2023 in Las Vegas, Nevada. Ethan Miller | Getty ImagesStellantis’ Ram brand is canceling plans to develop a full-size electric Ram 1500 pickup truck, citing slowing demand for electric vehicles.”As demand for full-size battery electric trucks slows in North America, Stellantis is reassessing its product strategy and will discontinue development of a full-size BEV pickup,” a company spokesperson said Friday in a statement, using the industry acronym for battery electric…
new video loaded: What We Know About Bolsonaro’s ConvictionBy Ana Ionova, Katrin Bennhold, Christina Thornell, Leila Medina and Laura Salaberry•September 12, 2025Brazil’s top court convicted former President Jair Bolsonaro on charges of plotting a coup to remain in power after losing the 2022 presidential election. Ana Ionova, reporting from Brasília, explains the charges and what comes next. Source link
The Boeing Company at Paris Air Show 2025 in Le Bourget Airport.Nicolas Economou | Nurphoto | Getty ImagesStriking Boeing defense workers in Missouri voted Friday against the company’s latest offer of a modified contract deal, according to the union representing the workers.More than 3,000 workers in the St. Louis area will remain on strike, the first walkout in almost three decades.”Boeing’s modified offer did not include a sufficient signing bonus relative to what other Boeing workers have received, or a raise in 401(k) benefits,” a statement from the International Association of Machinists and Aerospace Workers read. “The democratic vote underscores…
Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company’s IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Jeenah Moon | ReutersShares of Gemini Space Station soared more than 40% on Friday after the exchange operator raised $425 million in an initial public offering.The stock opened at $37.01 on the Nasdaq after its IPO priced at $28. At one point, shares traded as high as $40.71.The New York-based company priced its IPO late Thursday above this week’s expected range of $24 to $26, and an initial range of between $17 and $19. That valued the…
There’s been a shift in Bank of America’s business-cycle metric that is good news for certain dividend stocks. The bank’s U.S. Regime Indicator strengthened for the second month in August, confirming a recovery phase, according to equity and quant strategist Savita Subramanian. The indicator, which measures a mix of economic and corporate data, has been moving in and out of recovery since February 2022 amid the volatility in macro signals and inflation uncertainty, she said. Among the strategies that worked during recovery phases in the past is high-dividend yield, she wrote in a note Monday. It relatively outperformed the equal-weighted…
U.S. President Donald Trump makes a fist before boarding Marine One upon departure for New York, as the Washington Monument stands in the background, in Washington, D.C., on Sept. 11, 2025.Evelyn Hockstein | ReutersPresident Donald Trump said Friday that he will send the National Guard to Memphis, Tennessee, one month after he federalized law enforcement in Washington, D.C., and deployed soldiers across the city in an effort to address crime.”We’re going to Memphis,” Trump said on Fox News, calling the city “deeply troubled.”Trump said both the state’s Republican Gov. Bill Lee and the Democratic mayor of Memphis, Paul Young, were…
Opendoor co-founder and newly minted board chair Keith Rabois said remote work and a “bloated” workforce have been a drag on the company’s culture, as he vowed to slash headcount.”There’s 1,400 employees at Opendoor. I don’t know what most of them do. We don’t need more than 200 of them,” Rabois told CNBC’s “Squawk on the Street” on Friday.The online real-estate platform on Wednesday appointed former Shopify executive Kaz Nejatian as its new CEO after investor pressure caused his predecessor, Carrie Wheeler, to resign last month. Opendoor also named Rabois as chairman and said Eric Wu, who served as the…
Eli Lilly and Novo Nordisk are preparing to take their rivalry to the next frontier of weight-loss medications: pills.Both companies expect to launch oral obesity drugs in the U.S. next year, once regulators approve them. Daily pills could introduce more people to GLP-1s, the class of medicine that’s best known for weekly shots.But after Lilly’s pill produced less weight loss than analysts had expected in a recent late-stage trial, it raised new questions about how widely the oral drugs will be adopted and which rival company will dominate the space.Doctors will get a closer look at how Lilly and Novo’s…
