US Secretary of Treasury Scott Bessent speaks at the Federal Reserve Board’s Community Bank Conference at the Federal Reserve Board headquarters in Washington, DC, on October 9, 2025. Andrew Caballero-Reynolds | AFP | Getty ImagesAfter a series of rigorous interviews, some lasting as long as two hours, Treasury Secretary Scott Bessent has winnowed down the list of candidates for Federal Reserve chair to five from 11, and that person could be nominated to the Fed — though not necessarily as chair — by January.According to senior Treasury officials, the remaining list of candidates includes two sitting Fed officials — Vice…
Author: usaeverydaylife
Microchip and Qualcomm logo displayed on a phone screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on April 10, 2023. Jakub Porzycki | Nurphoto | Getty ImagesQualcomm shares fell on Friday after Chinese regulators said it would investigate the American tech giant’s acquisition of chip firm Autotalks, ramping up tensions between the U.S. and China ahead of key meetings between the country’s leaders this month.Shares were last around 3% lower in premarket trading.China’s State Administration of Market Regulation (SAMR) said that Qualcomm is suspected of violating the country’s anti-monopoly law in regards to its acquisition…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are mostly lower on Thursday, with the S & P 500 and Nasdaq pulling back from their record highs. The decline in the S & P 500 would wipe out most of this week’s gains. The AI trade is mostly lower, although megacap tech names like Nvidia and Oracle pushed higher. Nvidia received a new Street high price target of $300 by analysts at Cantor Fitzgerald, which had a…
General view of the Google headquarters in King’s Cross as the tech giant faces a 5 billion pound lawsuit in the UK for allegedly abusing its online search dominance.Sopa Images | Lightrocket | Getty ImagesLONDON — Britain’s competition regulator on Friday activated new powers to regulate Google’s search activities, putting the U.S. tech giant in the firing line for further regulatory action.The Competition and Markets Authority confirmed it is designating Google with “strategic market status” for its general search and search advertising services. It said that Google’s Gemini AI assistant was not within the scope of the designation, although other…
If you’re a current or former AT&T customer, you may be eligible for part of a $177 million class action settlement the telecom giant has agreed to after a series of data breaches exposed the personal information of millions of users.According to legal filings, the first breach occurred in 2019, when hackers stole addresses, birthdates, Social Security numbers and other data belonging to 7.6 million current AT&T customers and 65.4 million former account holders.In a 2025 class action lawsuit, plaintiffs alleged the perpetrators began selling the information on the dark web in 2021. One plaintiff claimed a CareCredit account opened…
Smoke rises after Israeli airstrikes targeted areas in the Gaza Strip despite the announcement of a cease-fire agreement, as seen from the Israeli city of Sderot near the border, on October 09, 2025.Anadolu | Anadolu | Getty ImagesIsrael’s government on Friday approved a deal with the Palestinian militant group Hamas, paving the way for the first phase of a ceasefire and the return of all remaining hostages.The Israeli cabinet ratified the agreement in the early hours of Friday morning, shortly after U.S. President Donald Trump and Hamas negotiator Khalil al Hayya declared that the war in Gaza is over.”The government…
PepsiCo has seen its shares fall flat over the last three years and worse, it significantly trails its rival Coca-Cola in performance over the last year. Shares of Pepsi are lower by around 8% year-to-date and down 16% over the last 12 months. While its rival has seen shares rise by around 7% year-to-date despite falling a bit over the last 12-months. The analyst community are no fans either. According to Bloomberg data, Pepsi has the equivalent of 8 buys, 17 neutrals and one sell rating. The average price target is $154.09 for an upside expected gain of 9.8%. Meanwhile…
Sanae Takaichi, the newly elected leader of Japan’s ruling party, the Liberal Democratic Party (LDP), attends a press conference after the LDP presidential election in Tokyo on Saturday, Oct. 4, 2025.Yuichi Yamazaki | Pool Photo via APJapan’s Komeito political party is reportedly quitting the country’s ruling coalition led by the Liberal Democratic Party, public broadcaster NHK said Friday.Komeito Chief Representative Tetsuo Saito said that the LDP “failed to provide sufficient answers regarding political funding issues,” after meeting with LDP President Sanae Takaichi, according to the report.If confirmed, the split would end a political alliance that has existed since 1999. It…
A dump truck moves raw ore inside the pit at the Mountain Pass mine, operated by MP Materials, in Mountain Pass, California, U.S., on Friday, June 7, 2019.Joe Buglewicz | Bloomberg | Getty Images In the 1984 science fiction film Dune, Baron Vladimir Harkonnen uttered the famous quote that can aptly be used to describe rare earth metals: “He who controls the spice, controls the universe.”The spice was central to the Dune universe, allowing trade to flourish and planets to prosper. In the same way, rare earth metals seem to be the spice today.These metals are used in almost every…
Prediction markets have stormed the sports betting arena, leading the biggest sports gambling companies to lose billions in value over recent weeks. Bank of America thinks the sell-off appears overdone. Analyst Shaun Kelley reiterated his buy ratings on sports betting giants DraftKings and FanDuel parent Flutter on Monday. While he lowered his price target on both stocks to “reflect overhangs” from prediction markets, his targets still point to big gains ahead. Kelley trimmed his DraftKings stock forecast by $2 to $48, which implies 37.2% upside from Monday’s close. His $325 price target on Flutter, down from $350, suggests the stock…
