Author: usaeverydaylife

CNBC’s Jim Cramer reviewed Tuesday’s market action and asserted that tech stocks are easier to own for the long term while bank stocks suffer as the market broadens and experiences “economic choppiness.””You simply can’t bank on the bank stocks right now, hence why the great broadening out is indeed fraught with risk,” he said. “Meanwhile, tech may be torturous to own on a day-to-day basis, but long-term it’s a cornucopia of rewards.”The banking sector took a hit during Tuesday’s session after JPMorgan lowered guidance on net interest income and expenses at a conference, sending shares plunging and closing down more…

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Stand With Crypto’s bus tour through five battleground states kicked off last week in Phoenix and Las Vegas.Logan Dobson/Stand With Crypto AllianceA big purple bus adorned with “AMERICA ❤️ CRYPTO” started making its way across five swing states last week, on a mission to get out the vote ahead of the presidential election.The campaign, initially launched by Coinbase, has a shorter-term objective: Getting a crypto question asked at Tuesday night’s presidential debate.The Stand With Crypto Alliance, created last year, initiated a letter writing petition five days ago to pressure ABC News to raise a crypto question in the first —…

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Charles Barkley may be the hottest free agent to hit the market next year, if he hits the market.As Warner Bros. Discovery wrangles with the NBA in court, hoping to win back a piece of the league’s media rights for 2025, there is already a line of suitors for Barkley, the company’s biggest star in sports.ESPN’s chief of content, Burke Magnus, said Tuesday he would be interested in bringing Barkley to the network if he were available. Asked at a Front Office Sports conference in New York if he could see a world with Barkley at ESPN, Magnus said he…

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As presidential nominees Vice President Kamala Harris and former President Donald Trump prepare to face off in their first debate Tuesday night, voters will be tuning in for clarity on their plans to handle issues including the economy, inflation and job growth.One sector that faces particular uncertainty after the election is clean energy, which has received a boost from the Biden administration but faced skepticism from Trump.Climate change and a move toward more sustainable energy have bolstered job growth in the sector in recent years, thanks in part to funding from the Inflation Reduction Act and the Chips and Science…

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Sony is releasing its upgraded PlayStation 5 Pro console on Nov. 7, 2024.SonySony on Tuesday announced the PlayStation 5 Pro, an upgraded version of its gaming console that will launch on Nov. 7 for $700.The arrival of Sony’s refreshed PS5 console comes amid a global decline in console sales. In August, Sony reported that it sold 2.4 million units of its PlayStation 5 console in the fiscal first quarter, down from 3.3 million in the same period a year ago.The PS5 Pro will have an upgraded graphics card with 67% more compute units than the current standard PS5 model, Sony said,…

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By Hailey Salvian, Shayna Goldman and Sean GentilleWe waited more than a year for proper PWHL nicknames and logos. Now that we have them, courtesy of Monday’s official unveiling, we’re not going to waste any more time.Which of the six new combos — the Boston Fleet, Minnesota Frost, Montréal Victoire, New York Sirens, Ottawa Charge and Toronto Sceptres — is our No. 1? How do the rest measure up?GO DEEPERPWHL unveils team names and logos: ‘We just couldn’t be more thrilled’The Athletic’s Hailey Salvian, Shayna Goldman and Sean Gentille teamed up for the definitive ranking.1. Montréal VictoireHailey rank: 1Sean rank:…

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Check out the companies making headlines after the bell : GameStop — The gaming retailer was trading 7% lower after posting mixed second-quarter results. While revenue fell to $798 million from $1.16 billion a year ago, GameStop said net income rose to 4 cents per share from a loss of 1 cent per share a year ago. The company also announced it would sell up to 20 million shares of its class A common stock through Jefferies. Petco Health and Wellness — Shares rose 4% after the pet retailer posted second-quarter earnings that came in line with expectations, while Petco’s…

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U.S. Vice President Kamala Harris in Milwaukee, Wisconsin, U.S. August 20, 2024 and former U.S. President Donald Trump in Bedminster, New Jersey, U.S., August 15, 2024 are seen in a combination of file photographs. Marco Bello | Jeenah Moon | ReutersAs the election ramps up, many investors are focused on capital gains taxes and how proposals from both parties could affect their assets.  Democratic presidential nominee Vice President Kamala Harris last week proposed a 28% tax on long-term capital gains, or profits from the sale of assets owned for more than one year, for those making more than $1 million annually. The…

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Republican presidential nominee and former U.S. President Donald Trump gestures as he speaks during a press conference at Trump Tower in New York City, U.S., September 6, 2024. David Dee Delgado | ReutersFormer President Donald Trump on Tuesday said congressional Republicans should pursue a government shutdown if they cannot attach a hardline voting bill to the temporary funding resolution that would keep the government open.”If Republicans in the House, and Senate, don’t get absolute assurances on Election Security, THEY SHOULD, IN NO WAY, SHAPE, OR FORM, GO FORWARD WITH A CONTINUING RESOLUTION ON THE BUDGET,” the Republican presidential nominee wrote in…

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Apple ‘s high stakes September launch event left some Wall Street analysts feeling unsettled. The largest company in the U.S. announced a host of new products Monday at its California headquarters, including a new Apple Watch, AirPods and the highly anticipated iPhone 16 that harnesses AI tools called Apple Intelligence. While the new products largely matched Wall Street’s expectations, the event left analysts expressing doubts over whether the new AI tools can drive as robust of a handset upgrade cycle as previously anticipated. AAPL 1D mountain Apple shares slip after September launch event “We don’t view the AI-related offerings as…

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