Jaxson Dart #6 of the New York Giants celebrates during an NFL football game against the Philadelphia Eagles at MetLife Stadium on Oct. 9, 2025 in East Rutherford, New Jersey.Cooper Neill | Getty ImagesThe National Football League on Wednesday approved the purchase of a 10% stake in the New York Giants by Julia Koch in a transaction that values the team at $10.3 billion, according to two people who are close to the deal but not authorized to speak publicly. The deal marks the highest valuation placed on an NFL team for a team sale.The Giants are currently owned by…
Author: usaeverydaylife
The U.S. government shutdown on Wednesday entered its 22nd day, becoming the second-longest federal funding lapse ever, with no end in sight.The milestone means that the two longest shutdowns have both occurred while President Donald Trump was in office.The longest shutdown began in December 2018, in Trump’s first term, and dragged on for nearly five weeks. That shutdown stemmed from a dispute about funding Trump’s contentious immigration policy.The current shutdown resulted from Senate Democrats refusing to vote for a short-term government funding bill sponsored by Republicans, because it lacks additional spending on health care and other provisions.Read more CNBC government…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailMichael Brown, Travel + Leisure Co. CEO, joins CNBC’s ‘The Exchange’ to discuss the latest trends in travel, the company’s latest quarter, and much more. Source link
Applied Digital said on Wednesday that it signed a $5 billion infrastructure lease agreement with a U.S. hyperscaler. Shares of the data center company dropped more than 7% following the announcement, continuing a recent slumped that’s sent the stock down over 20% in the past week. The stock has still almost quadrupled this year. The lease announced on Wednesday is for about 15 years and will deliver 200 megawatts of capacity at the company’s Polaris Forge 2 campus in North Dakota. It brings the company’s total leased capacity to 600 megawatts at its two Polaris Forge campuses. Across the tech…
A screen displays that trading is halted for Western Alliance Bancorporation on the floor of the New York Stock Exchange (NYSE), May 4, 2023.Brendan McDermid | ReutersWestern Alliance, one of the regional banks at the center of concerns over loans made to non-bank financial players, said Wednesday it believes the loan that sparked last week’s selloff is an isolated case.The bank reported third-quarter earnings Tuesday afternoon and noted it had set aside $30 million in reserves for possible losses on a $98 million loan made to the Cantor Group. Last week, Western Alliance disclosed that it had sued the borrowers…
GE Vernova shares are under pressure despite reporting a strong set of earnings and robust backlog growth. Members should view the pullback as a buying opportunity. Revenue for the three months ended September 30 increased 12% year over year to $9.97 billion, topping expectations of $9.16 billion, according to LSEG. Organically, revenue increased 10%, crushing the 2% Street estimate, according to FactSet Orders increased 55% organically to $14.6 billion, driven by strong demand for power and electrification solutions. As a reminder, analysts focus on orders to gauge demand, versus sales, which could be the result of fulfilling past orders. Adjusted earnings…
Given that NFLX is always the first large-cap growth stock to report earnings, both its results and the stock’s initial reaction tend to be closely scrutinized — especially today, following the sharp decline so far on Wednesday. We’ve highlighted this chart many times over the past year for clients because NFLX has repeatedly formed bearish patterns that have failed to follow through to the downside. In fact, every apparent breakdown has turned into a bear trap, sparking powerful reversals in the opposite direction. Now, however, the stock is trading back below the July and late-September lows — levels that previously…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailBill Sibold, Madrigal Pharma CEO, joins ‘Fast Money’ to talk how Rezdiffra stacks up to competitors in the MASH treatment space, sales growth for the drug over the last year, and more.04:30Thu, Oct 16 20255:58 PM EDT Source link
Amazon’s robotics ambitions can lead to multibillion-dollar cost cuts for the company, according to Morgan Stanley. Amazon plans to replace 600,000 jobs with robots in the coming years and, ultimately, is working towards its goal of automating 75% of its operations, The New York Times reported on Monday citing several internal strategy documents. The e-commerce giant is planning to add about 40 next-generation robotics warehouses by the end of 2027 and has already begun overhauling old fulfillment centers, per the report. These efforts could wipe out thousands of full-time human jobs across Amazon’s warehouses over the next decade — and…
Ranchers Duke Phillips III, prepares to rope a calf during the final branding at Chico Basin Ranch in Hanover, Colorado on June 29, 2024. Helen H. Richardson | MediaNews Group | The Denver Post | Getty ImagesPresident Donald Trump on Wednesday said U.S. cattle ranchers “don’t understand” how they have benefitted from his tariffs, adding that they “have to get their prices down.”The admonition came after some ranchers have openly criticized Trump’s proposal to import beef from Argentina in order to bring down prices for American consumers.Trump claimed that those ranchers “don’t understand that the only reason they are doing…
