Author: usaeverydaylife

Here are the most important news items that investors need to start their trading day:1. Strong run threatenedU.S. stocks were set to fall to start the week. Shares of AI companies – which have driven the market in recent months – tumbled amid concerns about a possible lower-cost AI competitor in China. The potential pullback could come after the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite posted two straight winning weeks. The broad-based S&P hit an intraday record on Friday. Earnings will shape the market this week, as more than half of the so-called Magnificent 7 stocks will…

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The Trump administration has instructed organizations in other countries to stop disbursing H.I.V. medications purchased with U.S. aid, even if the drugs have already been obtained and are sitting in local clinics.The directive is part of a broader freeze on foreign aid initiated last week. It includes the President’s Emergency Plan for AIDS Relief, the global health program started by George W. Bush that is credited with saving more than 25 million lives worldwide.The administration had already moved to stop PEPFAR funding from moving to clinics, hospitals and other organizations in low-income countries.Appointments are being canceled, and patients are being…

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More investors are moving into buffer exchange-traded funds in a quest to protect against market losses. The products, also known as defined-outcome ETFs, attracted a record $14.5 billion in new cash last year, according to State Street Global Advisors. The funds use option contracts that can provide some buffer against market losses, but they come at a cost. “If this is meant to be more of a defensive equity position, you are capping some of your upside to manage some of your downside,” said Matthew Bartolini, head of SPDR Americas research at State Street. That means the funds could underperform…

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Broadcom may still be positioned for gains in 2025 despite its latest pullback, according to money manager Nancy Tengler of Laffer Tengler Investments. The firm’s CEO and chief investment officer joined CNBC’s ” Power Lunch ” on Monday to offer her take on the chipmaker, as well as a pair of other market movers. Here is what Tengler, a professional investor since the late 1980s, said during the segment’s “Three-Stock Lunch.” Broadcom Broadcom shares slumped 17% Monday on the heels of Chinese startup DeepSeek raising concern over U.S. leadership in artificial intelligence . But Tengler is sticking with Broadcom in…

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A logo is pictured outside a building of the World Health Organization (WHO) during an executive board meeting on update on the coronavirus disease (COVID-19) outbreak, in Geneva, Switzerland, April 6, 2021. Denis Balibouse | ReutersU.S. public health officials have been told to stop working with the World Health Organization, effective immediately.A U.S. Centers for Disease Control and Prevention official, John Nkengasong, sent a memo to senior leaders at the agency on Sunday night telling them that all agency staff who work with the WHO must immediately stop their collaborations and “await further guidance.”Experts said the sudden stoppage was a surprise…

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No one can say the Kansas City Chiefs are taking the easy road to NFL immortality.With a 32-29 victory over Buffalo on Sunday, the Chiefs have now conquered Josh Allen’s Bills, Lamar Jackson’s Baltimore Ravens and Joe Burrow’s Cincinnati Bengals in consecutive AFC Championship Games.Arrowhead Stadium is where opponent legacies go to die.The two-time defending Super Bowl champs can claim (slight) superiority over the 1970s Pittsburgh Steelers in the dynastic hierarchy if they can beat the Philadelphia Eagles in New Orleans on Feb. 9 (more on that to come).It’s a lot to process.The Pick Six column for this championship weekend…

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Fears around the future of the artificial intelligence trade pushed Nvidia shares down by nearly 17% on Monday and weighed on the stock market – but investors seem to be overreacting, according to Tom Lee, head of research at Fundstrat Global Advisors. Chinese AI startup DeepSeek spurred a sell-off on Monday. The company last month debuted a free, open-source large language model that it claims took less than $6 million to build. The development ignited fears that competitive AI models could be built on the cheap and with less-powerful chips . The tech sector sold off in earnest, sliding more…

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James McHenry testifies before the Senate Judiciary Committee in the Hart Senate Office Building on Capitol Hill July 31, 2018 in Washington, DC.Chip Somodevilla | Getty ImagesThe Department of Justice on Monday fired officials involved in the now-terminated federal criminal prosecutions of President Donald Trump by former special counsel Jack Smith.The firings come a week after Trump was sworn in for a second, non-consecutive term in the White House.”Today, Acting Attorney General James McHenry terminated the employment of a number of DOJ officials who played a significant role in prosecuting President Trump,” a DOJ official told NBC News.”In light of…

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[The stream is slated to start at 5 p.m. ET. Please refresh the page if you do not see a player above at that time.]President Donald Trump is set to address House Republicans at the kickoff of their annual agenda-planning conference on Monday afternoon.The three-day event is being held at Trump National Doral, the president’s golf club in Miami, Florida.Trump’s remarks at the conference come one week after he took office, succeeding former President Joe Biden.Subscribe to CNBC on YouTube.  Source link

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