UnitedHealth has been at the center of controversy and negative sentiment, resulting in an eye-popping 60% drop in less than 30 days. For a company of this size — and the largest component of the Dow Jones Industrial Average — such a dramatic decline is astounding. This is a textbook example of how markets often behave: they swing to extremes, both to the upside and downside. These exaggerated moves regularly create mean reversion trading opportunities, many of which I explore in depth in my book Mean Reversion Trading and feature extensively on my website . Now, while a massive drop…
Author: usaeverydaylife
Japan’s Nippon Steel is expected to close its acquisition of U.S. Steel for $55 per share, sources familiar with the matter told CNBC’s David Faber.President Donald Trump cleared Nippon’s bid for U.S. Steel on Friday, referring to the deal as a “partnership.” Trump said Nippon will invest $14 billion of investment over the next 14 months. U.S. Steel’s headquarters will remain in Pittsburgh, the president said.U.S. Steel shares were up more than 1% on Tuesday. The $55 per share bid for U.S. Steel is the offer that Nippon originally made for the company before the deal was blocked in January.…
National Economic Council Director Kevin Hassett said Tuesday that the Trump administration does not want to “harm Apple” with tariffs.”Everybody is trying to make it seem like it’s a catastrophe if there’s a tiny little tariff on them right now, to try to negotiate down the tariffs,” Hassett told CNBC’s “Squawk Box” on Tuesday. “In the end, we’ll see what happens, we’ll see what the update is, but we don’t want to harm Apple.”Hassett’s comments come after President Donald Trump said in a social media post that Apple will have to pay a tariff of 25% or more for iPhones made outside the U.S. Apple has historically manufactured its products…
A living space in the new J.P. Morgan financial center branch format in Palm Beach.Courtesy: JP MorganJPMorgan Chase thinks it has cracked the code on managing more money for America’s millionaires.It’s not a new financial product, a novel software program or an enticing sign-up bonus. Instead, it’s a refurbished take on an old concept — the brick-and-mortar bank branch — along with new standards for service that are at the heart of its aspirations.The bank is unveiling 14 of these new format branches — each acquired when JPMorgan took over First Republic in 2023 — in tony ZIP codes in…
Cummins could see strong demand for its power generation products beyond a growing appetite for data centers, according to Goldman Sachs. Goldman upgraded the engine, power generation and electric vehicle component manufacturer to buy from neutral on Tuesday. The bank also raised its price target to $431 per share from $410, which implies 36% upside from Friday’s close. “We see (i) structurally higher Power Systems profitability (pricing structure beyond data center), (ii) derisked EPA 2027 expectations, and (iii) US truck demand expectations that have been significantly reduced while used sleeper inventory levels that are now down 30% yoy,” analyst Jerry…
With a base salary of $240,000 and an expected total income of $400,000 in 2025, Fares Ksebati could be living quite well in his hometown outside of Detroit.The median household income in Wayne County, Michigan — where Detroit is located — is just under $60,000 a year, according to Census Bureau data. Homes there sold for a median of just $100,000 in April 2025, according to RedFin.But the 33-year-old founder and CEO of MySwimPro recently bought an apartment in Dubai, where he has lived for six months out of the year since 2024.”I first came to Dubai in 2021, and…
Dr. Priti Patel, CMIO at John Muir Health, uses Ambience before starting a patient encounter.Courtesy of Ambience HealthcareArtificial intelligence startup Ambience Healthcare on Tuesday announced a new medical coding model that outperforms doctors by 27%.Ambience uses AI to draft clinical notes in real-time as doctors consensually record their visits with patients. The company used tools from OpenAI to build the new model.The startup is part of a fiercely competitive market that has taken off as health-care executives search for solutions to help reduce staff burnout and daunting administrative workloads. The company’s new model can listen to patient encounters and identify ICD-10…
Check out the companies making headlines before the bell. Newmont — The gold miner’s stock shed 2% alongside the decline in the precious metal’s price. Spot gold, considered a safe haven, was down 1.5% after President Donald Trump delayed tariffs on the European Union. Tesla — Shares of the electric vehicle maker rose more than 2% after CEO Elon Musk said in a Saturday post on X he will give greater attention to his companies, writing: “I must be super focused on /xAI and Tesla (plus Starship launch next week), as we have critical technologies rolling out.” Musk has been…
Here are Tuesday’s biggest calls on Wall Street: Piper Sandler reiterates Nvidia as overweight Piper said it’s sticking with the stock ahead of earnings on Wednesday. “We advise investors to weather the uncertainty and stay long the stock as this is likely largely the last wave of negative news for NVDA this year. Reiterate OW rating.” UBS upgrades LifeStance Health to buy from neutral UBS said the long term growth thesis is intact for the health company. “We are upgrading our rating of LFST to Buy (50%+ upside on $8.50 PT) as we see a fundamental disconnect between underlying performance…
The National Public Radio (NPR) headquarters in Washington, DC, US, on Monday, May 5, 2025. Stefani Reynolds | Bloomberg | Getty ImagesNational Public Radio on Tuesday sued President Donald Trump over his executive order to cease all federal funding for the nonprofit broadcaster.Trump’s May 1 order violates the First Amendment’s protections for speech and the press and steps on Congress’ authority, NPR and three other public radio stations wrote in the lawsuit filed in federal court in Washington, D.C.The order “also threatens the existence of a public radio system that millions of Americans across the country rely on for vital…
