After months of political turmoil in South Korea, Lee Jae-myung has won the presidential election by a wide margin. Mr. Lee’s campaign has ridden a wave of anger against former President Yoon Suk Yeol after he tried to impose martial law in December. Source link
Author: usaeverydaylife
After a strong rebound from the tariff-induced correction, the markets have now been moving sideways for the past three weeks. This kind of consolidation is typical — it’s how markets build up energy for the next leg, whether that’s higher or lower. When risk-on sentiment returns and money starts flowing into growth stocks, the Magnificent 7 typically lead the charge. As that momentum builds, we can expect several trading opportunities to emerge. One stock that appears to be setting the stage is Meta (META) , which has been range-bound since May 14th and looks poised for a breakout. To confirm…
Analysts are closely watching Merus and see more upside ahead coming out of one of the biggest biotechnology conferences in the U.S. Merus shares shot up late last month following the release of promising Phase 2 data for a treatment for head and neck cancer. The trial data showed that when Merus’ treatment was used alongside Merck ‘s Keytruda, nearly 80% of patients were alive after 12 months. This has made the Netherlands-based company the talk of the investing set that flocked to Chicago for the American Society of Clinical Oncology’s annual meeting , which concludes Tuesday. “They’re first in…
U.S. Secretary of Homeland Security (DHS) Kristi Noem testifies before the House Appropriations Homeland Security Subcommittee hearing on oversight of the Department of Homeland Security, on Capitol Hill in Washington, D.C., U.S., May 6, 2025. Kevin Lamarque | ReutersFederal agents on Tuesday took into custody the family of Mohamed Soliman, the man accused of attempted murder in the fire attack on demonstrators in Boulder, Colorado, Homeland Security Secretary Kristi Noem said in a social media post.Noem said that authorities are investigating whether Soliman’s family knew about or supported Sunday’s attack.”Today, @DHSgov and @ICEGov are taking the family of suspected Boulder,…
Jonathan Raa | Nurphoto | Getty ImagesMagic Eden, best known as a non-fungible token marketplace, has quietly partnered with the team behind President Donald Trump’s meme token to launch an official $TRUMP-branded cryptocurrency wallet. Dubbed the $TRUMP Wallet, the product will feature the president’s name and likeness, support trading of $TRUMP and other digital assets including bitcoin.A waitlist for the wallet opened Tuesday at TrumpWallet.com, ahead of a broader launch slated for later this summer, according to a Magic Eden spokesperson.Billed as “the first and only crypto wallet for true Trump fans,” the project was promoted on X with the…
For this week’s column, I was planning to do a simple analysis of the Nasdaq-100 showing a holding pattern that’s been in place since May 13. Upon the completion of this consolidation, we should resolve to the upside testing the all-time highs — despite all the lingering macro headwinds. But when I learned about Meta Platforms signing a nuclear power deal with Constellation Energy , I decided to focus on the companies literally powering this revolution in artificial intelligence. I don’t hold Constellation Energy, but I do own Oklo , GE Vernova , and Vistra in our Tactical Alpha Growth…
Lisa Cook, governor of the US Federal Reserve, speaks during a Fed Listens event in Washington, DC, US, on Friday, March 22, 2024. Al Drago | Bloomberg | Getty ImagesFederal Reserve Governor Lisa Cook expressed concern Tuesday with the progress on inflation, saying recent lower readings could reverse after tariffs work their way through the economy.In addition, Cook said she expects President Donald Trump’s moves on trade policy could take a toll on the labor market, though she noted that the economy for now is in relatively good shape.”I do not express views on the Administration’s policies. But I do study…
President Donald Trump on Tuesday blasted Sen. Rand Paul after the Kentucky Republican criticized the massive Trump-backed budget bill over its provision to raise the debt ceiling by trillions of dollars.Paul, a staunch libertarian, said on CNBC’s “Squawk Box” that he is “just not open to supporting $5 trillion … in debt ceiling increase” that the Senate’s version of the bill currently includes.Trump lashed out soon after, writing on Truth Social that the senator “has very little understanding” of the budget plan that the president has dubbed the “one big, beautiful bill.”Trump claimed Paul does not grasp that the bill,…
Check out the companies making headlines in midday trading. Ferguson Enterprises — Shares surged 15% after the cooling solutions company reported third-quarter adjusted earnings of $2.50 per share, exceeding the $2.01 analysts had predicted, according to FactSet. Ferguson’s $7.62 billion revenue was also above the $7.42 billion estimate. The company also slightly raised its full-year revenue growth guidance. Sitio Royalties — The mineral and royalty company soared 16% after agreeing to be acquired by Viper Energy , a subsidiary of Diamondback Energy. The deal, worth around $4.1 billion, is expected to close in the third quarter. Shares of Viper and…
Bernstein thinks Wall Street is unnecessarily beating on Qualcomm stock. The firm reiterated an outperform rating on the chipmaker on Tuesday, alongside a $185 per share price target. Bernstein’s forecast implies about 26% upside from Monday’s $146.63 close. Analyst Stacy Rasgon labeled Qualcomm the “Rodney Dangerfield of semiconductor stocks,” in reference to the comedian famous for saying he “gets no respect.” Rasgon said the company is making strides toward shedding some of the lingering doubts about its growth prospects . “Indeed, the name has been the quintessential ‘Rodney Dangerfield’ of semiconductor stocks, garnering no respect regardless of the fundamentals,” Rasgon…
