Fox News and Newsmax television studios are seen in the Fiserv Forum on the day before the Republican National Convention begins, in Milwaukee, Wisconsin, July 14, 2024.Joe Raedle | Getty Images News | Getty ImagesNewsmax went public on the New York Stock Exchange on Monday, as the conservative cable news network audience has grown after the election of President Donald Trump and other right-wing politicians.The network began trading under the symbol “NMAX” late Monday morning, opening at $14 a share after pricing at $10 a share. It soared more than 500% by midday in volatile trading.In September, Newsmax announced its…
Author: usaeverydaylife
Hedge funds are dumping stocks at a rapid pace as President Donald Trump’s aggressive tariff agenda spiked volatility on Wall Street. These professional traders have net sold global equities for six weeks in a row, with last week’s notional de-grossing amount reaching the largest level since July, according to data from Goldman Sachs’ prime brokerage unit. The cohort has been particularly fleeing high-flying technology names, offloading shares at the fastest pace in six months. The selling last week was also the second largest notionally in the last five years, Goldman’s data suggested. .SPX YTD mountain S & P 500 Bank of America…
The first quarter has been a rocky one for Wall Street, with steep declines for electric vehicle giant Tesla and semiconductor play Broadcom – as well as standout performances from the likes of CVS Health and Philip Morris International. This quarter was plagued by mounting tariff fears from the new administration, which should all come to a head on Wednesday, April 2 — a date President Donald Trump has dubbed “Liberation Day.” Investors are holding out hope that on Wednesday, they’ll receive some clarity and relief from the high volatility wracking equities in recent weeks. The S & P 500…
Rajat Bhageria is the CEO of Chef Robotics, a San Francisco startup that has raised $20.5 million in a Series A round to continue building artificially-intelligent, food-assembly robots.Courtesy of Chef RoboticsAs the food service industry continues to struggle with labor shortages, a Silicon Valley startup has put together artificially-intelligent robots that are ready to clock in. Chef Robotics has raised $20.6 million in a Series A funding round led by Avataar Ventures, the company told CNBC. The round includes an additional $22.5 million in equipment financing debt to keep building out the startup’s robotic meal assembly systems.CEO Rajat Bhageria and his…
Pedestrians on the campus of Indiana University Bloomington in Bloomington, Indiana, US, on Sunday, April 7, 2024. Chet Strange | Bloomberg | Getty ImagesVideo grabs of FBI raid at the home of Luddy School of Informatics, Computing, and Engineering Associate Dean for Research, XiaoFeng Wang.Source: 13WTHR NBC AffiliateAn Indiana U. spokesman responded to questions from CNBC Monday about the couple’s employment status with, “I’ll refer you to the FBI for any information.”An FBI spokeswoman said, “I can confirm the FBI executed federal search warrants at homes in Carmel and Bloomington Friday.””We have no further comment at this time,” the spokeswoman said.There…
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | ReutersAmazon on Monday released a new AI model that can take actions in a web browser on a user’s behalf, a move that puts it in more direct competition with OpenAI, Anthropic and other companies that have developed the so-called “agents.”The new model, called Nova Act, is designed to help developers build agents, or AI software that can complete multi-step tasks for users without supervision. Amazon showed Nova Act searching for “apartments by biking distance to the train station”…
WEST SACRAMENTO, Calif. — The most glaring difference between a major- and minor-league stadium is in height. The newly renovated home of the Athletics, Sutter Health Park in West Sacramento, Calif., carries just one main level topped by a second concourse of mostly suites, and in that way, it is still unmistakably the minor-league park it was built to be. But in a city that’s never regularly hosted Major League Baseball, the A’s hope intimacy creates an unusual draw.Standing behind the press box on the ballpark’s top floor two days ago, Steve Sax, the 14-year major-league veteran who now does…
Marine Le Pen, the leader of France’s far right and a leading candidate to become the country’s next president, has been barred from running for public office for five years, after she and her party were convicted of embezzling millions of euros of European Union funds.Ms. Le Pen, an anti-immigrant, populist politician, was also sentenced to four years in prison — with two years suspended and two that could be served under house arrest — and fined 100,000 euros, or about $108,000. She has consistently denied any wrongdoing and will appeal the verdict, which would put her jail sentence and…
Check out the companies making headlines in midday trading: CoreWeave — Shares of the cloud provider tumbled more than 9% in its second trading session since going public. CoreWeave, which rents out access to Nvidia graphics processing units to other large tech companies, suffered a disappointing debut last week. Nvidia also saw its shares drop more than 4% on Monday. Canada Goose — The Canadian outerwear firm saw shares sliding more than 6% to hit a new 52-week low after Barclays downgraded the stock to underweight from equal weight. The Wall Street firm cited global macro pressure, increasing competition and…
With the market retreating ahead of President Donald Trump’s looming tariff deadline, several stocks offer investors the chance to try and insulate themselves from volatility, according to Goldman Sachs. On Monday, the S & P 500 and Nasdaq Composite initially sold off sharply in response to growing anxiety about the market outlook. The latest decline comes after a relentless, monthlong rout driven by concerns that tariffs will boost inflation, slow economic growth and hurt corporate profits. On Wednesday, new tariff are set to take effect on imports into the U.S., including a 25% tariff on cars made overseas. Bracing for…
