The energy sector hasn’t stood out in 2025. It’s not the worst-performing S & P 500 sector, but a year-to-date advance of only ~6% is clearly trailing the leaders by a wide margin ( XLC +21%, XLK +20%, XLI +16%). That doesn’t mean we should ignore it. Beneath the surface, there are some constructive technical developments worth noting. If the recent energy comeback attempt is for real this time, several stocks could benefit—one of them is PSX . PSX has done a good job holding near its highs, especially compared to other energy names. Today, the stock is up, and on the…
Author: usaeverydaylife
Former FBI Director James Comey is expected to be indicted on criminal charges in the coming days in federal court in Virginia, MSNBC reported Wednesday.The news comes days after the U.S. Attorney for the Eastern District of Virginia resigned under pressure from President Donald Trump after opposing the filing of charges against Comey.Comey for years has been a target of Trump’s ire. The president, in a social media post on Saturday, called Comey “guilty as hell” as he raged about the lack of criminal charges against the former FBI leader.MSNBC reporter Ken Dilanian, in a post on X, said Comey…
Investors seeking potential capital appreciation and dividend payouts may want to look to bank stocks. A recent analysis by Wells Fargo found that when the Federal Reserve cuts rates and there is no recession, bank stocks have historically rallied. The central bank resumed its easing cycle last week, decreasing the federal funds rate by 25 basis points, or 0.25 percentage point. However, that outperformance happened in the first three months after the first rate decrease, the firm noted. Many bank names also pay income. Dividend stocks could see a pickup in investor interest as higher-yielding names begin to look relatively…
JIMMY KIMMEL LIVE! “Jimmy Kimmel Live!” airs every weeknight at 11:35 p.m. ET and features a diverse lineup of guests that include celebrities, athletes, musical acts, comedians and human interest subjects, along with comedy bits and a house band. Randy Holmes | Disney General Entertainment Content | Getty ImagesNexstar Media Group said Wednesday it is continuing to evaluate whether it will bring “Jimmy Kimmel Live!” back to its ABC-affiliate stations, a day after the late night show returned to the Disney-owned network. Nexstar’s broadcast TV stations affiliated with ABC did not air Kimmel’s return to late night on Tuesday.”Nexstar is…
With tax-loss harvesting season heating up in the fourth quarter, Wolfe Research found several stocks that could face selling pressure as investors look to lower their tax bills for 2025. “Historically, avoiding the biggest year-to-date losers has been a positive alpha generating strategy heading into the last several months of the year,” Wolfe Research said in a note to clients last week. “The market’s biggest laggards can be subject to selling pressures by investors looking to harvest capital losses and/or provide ‘window dressing’ for their annual reports.” Tax-loss harvesting refers to the practice of selling assets at a loss, to help offset capital gains from investments sold…
Shanaz Hemmati, a veteran of two multibillion-dollar startups, says any prospective entrepreneur needs to remember one key lesson before launching a new business.No matter how confident you are in your business idea, seek out as many prospective customers or clients as you can and get their feedback before you commit to a business model, she says.Hemmati and Ross Buhrdorf are the co-founders of ZenBusiness, which makes artificial intelligence software aimed at helping first-time entrepreneurs navigate the regulatory processes of starting a small business. They launched the business in 2017, and it was most recently valued at $1.7 billion in November…
A graph displaying the Apple stock price on a smartphone app.Jaap Arriens | Nurphoto | Getty ImagesRegulators are moving to dismantle one of the most controversial barriers for active retail traders — the $25,000 minimum equity rule for pattern day trading.The Financial Industry Regulatory Authority on Tuesday approved amendments that would replace the long-standing threshold, making active day trading more accessible to smaller accounts. The change is pending approval by the Securities and Exchange Commission.The $25,000 minimum equity rule mandates that traders must maintain a minimum account balance of $25,000 in a margin account to execute four or more day trades within…
FILE PHOTO: Luigi Mangione, the suspect in the killing of UnitedHealth Group chief executive Brian Thompson, appears in Manhattan Supreme Court on New York state murder and terrorism charges in New York City, U.S., February 21, 2025.Curtis Means | Via ReutersLawyers for Luigi Mangione are accusing the Trump administration of violating their client’s right to a fair trial in the wake of Charlie Kirk’s assassination.In a pointed letter filed in federal court, Mangione’s lawyers referred to several comments administration officials made about Mangione in the days after Kirk’s killing, including by the president.”The Government has indelibly prejudiced Mr. Mangione by…
Close-up of the modern data center and cabinets.Comezora | Moment | Getty ImagesSupply chain data into the OpenAI and Nvidia $100 billion investment commitment this week shines a glaring light on the United States’ heavy reliance on foreign suppliers for components to complete the projects.Brandon Daniels, CEO of AI-powered risk and supply chain management solutions company Exiger, told CNBC that building traditional power plants, whether gas-fired or nuclear, requires an array of specialized parts that the U.S. doesn’t produce in large numbers. “There are four major categories of equipment that are both extremely expensive and largely foreign-sourced, and this dependency…
Check out the companies making headlines in midday trading: Freeport-McMoRan — The mining company’s stock tumbled nearly 12% after it declared force majeure at its Grasberg mine in Indonesia. Freeport halted activity at the mine earlier this month after a mud rush led to a fatal accident. In addition, the company warned consolidated sales for copper and gold will be lower in the third quarter than it previously expected. UniQure — Shares of the biotech firm soared more than 250% after its experimental gene therapy for Huntington’s slowed progress of the neurodegenerative disease’s progress in a key clinical trial. Thor…
