Michael Grimes, head of global technology investment banking at Morgan Stanley, smiles while speaking to freshman students enrolled in the Management, Entrepreneurship, and Technology (M.E.T.) program during an orientation at the University of California-Berkeley campus in Berkeley, California, U.S., on Friday, Aug. 17, 2018. David Paul Morris | Bloomberg | Getty ImagesStar technology investment banker Michael Grimes, who left Morgan Stanley to take up a senior role in the U.S. Commerce Department last month, is expected to lead the new U.S. sovereign wealth fund that was unveiled by President Donald Trump, two people familiar with the matter told Reuters.The discussions about…
Author: usaeverydaylife
Alexis OhanianDavid A. Grogan | CNBCContent aggregator Digg is making a comeback with the help of an unlikely partner: Reddit co-founder and rival Alexis Ohanian.Ohanian and Digg founder Kevin Rose acquired the platform for an undisclosed sum. The deal is backed by venture capital firms True Ventures, where Rose is a partner, and Ohanian’s Seven Seven Six. The partnership was announced Wednesday in a video post to the company’s X account in which Rose called the partnership a “team-up he would have never imagined 20 years ago.”Digg was founded in 2004 and rose to prominence as a major outlet for…
GLASTONBURY, Conn. — It’s mid-afternoon on a Sunday and, from the front of Dan Hurley’s house, you can turn around and look clear across Connecticut. Over Manchester, over South Windsor, over Enfield, all the way to Massachusetts. Hundreds of miles. In the distance, the horizon line is cut by national parks in Vermont. Hurley once told a recruit that the view reaches all the way to Canada. Dan Hurley says lots of things.This house? It’s up there. For a state that isn’t all that topographically interesting, Minnechaug Mountain, roughly 10 miles east of Hartford, has an elevation of about 700…
U.S. and Hamas officials held talks in Qatar about hostages held in the Gaza Strip, breaking with a long-running American policy of refusing to directly engage with the militant group, according to an Israeli official and a diplomat briefed on the matter. Adam Boehler, President Trump’s nominee to be special envoy for hostage affairs, participated in the talks this week with Hamas officials, the diplomat said. Both people discussed the meetings on condition of anonymity because they were not authorized to speak publicly about the sensitive diplomacy. The scope of the discussions was not immediately clear, but mediators have been…
Check out the companies making headlines in midday trading: Box — Shares declined more than 3% after the cloud storage company’s top-line guidance fell short of estimates. Box sees first-quarter revenue coming in between $274 million and $275 million, while analysts polled by LSEG expected $279.5 million. Box’s fourth-quarter revenue of $280 million exceeded Wall Street’s consensus of $279 million. AeroVironment — Shares fell 5% after the defense contractor provided weak full-year guidance. AeroVironment expects adjusted earnings for the period to come in between $2.92 and $3.13 per share on revenue of $780 million to $795 million. Analysts surveyed by…
Analysts on Wall Street are raving about On Holding stock. Both UBS and Bank of America reiterated previously stated buy ratings on the sneaker company this week. Bank of America research analyst Thierry Cota called On stock “a home run,” while UBS analyst Jay Sole lauded its growth profile. On Holding reported better-than-expected fourth-quarter results on Tuesday, and also surpassed Wall Street’s organic growth forecasts. Shares have ticked down about 3% so far in 2025. However, the stock has bucked the recent selling pressure in the broader market, rising more than 10% week to date. ONON YTD mountain On Holding…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The market was modestly higher Wednesday as confusion lingered around the status of President Donald Trump ‘s newly implemented Canada and Mexico tariffs. Commerce Secretary Howard Lutnik said Tuesday night there might be an opportunity for compromise. He then appeared to walk back those comments before signaling Wednesday morning there may be room yet to meet ” somewhere in the middle .” During the Morning Meeting, Jim Cramer said the market is “making a…
With spring training in full swing and Opening Day three weeks away, it’s time for my annual offseason report card that includes a breakdown of every team’s major-league signings and trades. Here are my final offseason grades for all 30 teams, along with each club’s best move, an “under-the-radar” move, a top storyline to watch, and my prediction for where they will finish in the division and wild-card races.I handed out six A’s (including A-pluses and A-minuses), 12 B’s, eight C’s, three D’s, and one F. (Sorry, St. Louis.) Where did your team end up, and do you agree with…
Markus Söder (l-r), Chairman of the CSU and Minister President of Bavaria, Friedrich Merz, candidate for Chancellor of the CDU/CSU, Chairman of the CDU/CSU parliamentary group and Federal Chairman of the CDU, Lars Klingbeil, Chairman of the SPD parliamentary group and Federal Chairman of the SPD, and Saskia Esken, Party Chairwoman of the SPD, hold a press conference on the exploratory talks between the CDU/CSU and the SPD.Kay Nietfeld/dpa | Picture Alliance | Getty ImagesGermany’s prospective fiscal U-turn could prove transformational for the country’s struggling economy and for European defense — but Berlin lawmakers don’t have much time to make…
President Donald Trump’s latest tariff actions could lead to pressure on Kontoor Brands and Canada Goose , according to Goldman Sachs. The firm noted on Wednesday that global sourcing exposure to Mexico and Canada is most concentrated for those two names. It estimated that for Kontoor Brands, which makes Wrangler jeans, around 25% of its expected 2025 U.S. production volume is sourced from Mexico. For Canada Goose, Goldman estimated that it has around 80% of sourcing exposure to Canada. The U.S. on Tuesday implemented 25% tariffs on goods from both countries . Canadian Prime Minister Justin Trudeau then announced a…
