Shaquille O’Neal sits on the bench before the game between the Indiana Pacers and the New York Knicks during Game 2 of the 2025 Eastern Conference Finals at Madison Square Garden in New York City, New York, on May 23, 2025.Jesse D. Garrabrant | National Basketball Association | Getty ImagesShaquille O’Neal has agreed to pay $1.8 million to settle claims that he misled investors by promoting the now-bankrupt crypto exchange FTX.The retired NBA superstar, who once urged fans to trust the platform, will resolve the allegations without admitting wrongdoing. But the deal marks one of the first high-profile settlements in…
Author: usaeverydaylife
Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesThere’s a mini-boom happening in fintech.After a multi-year IPO slowdown triggered by rising rates and valuation resets, some of the emerging players in online stock trading, banking, lending and crypto-related services are hitting the public market, or at least preparing for a debut.The next test of Wall Street’s enthusiasm is expected to come on Thursday, when Chime is slated to start trading on the Nasdaq. The provider of online banking services offered a price range of $24 to $26 a share, which would equate to a market cap of about $9.1…
Eric Glyman, Ramp CEO, joins ‘Fast Money’ to talk the future of finance and AI, growth prospects, and more. Source link
The S & P 500 may be close to a new record high, but small-cap stocks might prove the star of the week. The Russell 2000 is up 0.8% week to date, outpacing the S & P 500 , Nasdaq and Dow . This puts the long-suffering small-cap index on track for its ninth winning week in 10, whittling down its 2025 losses to less than 4%. .RUT YTD mountain Small cap stocks are trending higher, but are still lower for the year thus far. The uptrend led BTIG chief market technician Jonathan Krinsky to float the idea of a…
U.S. Treasury Secretary Scott Bessent testifies before the House Ways and Means Committee in the Rayburn House Office Building in Washington, D.C., on June 11, 2025.Kevin Dietsch | Getty ImagesTreasury Secretary Scott Bessent signaled the Trump administration’s openness on Wednesday to extend President Donald Trump’s current 90-day tariff pause beyond July 9 for the U.S.’ top trading partners, as long as they show “good faith” in ongoing trade negotiations.The U.S. has 18 “important trading partners,” Bessent said at a hearing before the House Ways and Means Committee in Washington. The Trump administration, he said, is “working toward deals” with those…
A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023.Stephanie Keith | Bloomberg | Getty ImagesWhen Matt Kubancik, a small business owner in Louisville, Kentucky, cast his ballot for Donald Trump in November, he was hoping that the Republican nominee’s return to the White House would provide a spark to the economy and lead to reduced prices for gas and groceries.Instead, the first half-year of Trump’s second term in the White House has been more like a “vacation from hell,” Kubancik said. Guardian Baseball, the baseball goods company he co-founded in 2018, mostly relies…
Chinese President Xi Jinping meets with U.S. President Donald Trump in Osaka, Japan, June 29, 2019. Xinhua News Agency | Xinhua News Agency | Getty ImagesPresident Donald Trump declared the trade war with China “done” Wednesday, while Commerce Secretary Howard Lutnick said tariffs on Chinese goods will be locked in at the current 55% rate without additional increases. Even if the resolution to the battle with the biggest U.S. foe in Trump’s trade war is real, the damage to the supply chain, the U.S. consumer and the economy will remain, say logistics and retail industry executives.The latest headlines in the…
With market volatility expected to continue through the summer, investors should consider cushioning their portfolios with income-generating assets, Wells Fargo said in its mid-year outlook. In fact, income generation is one of the firm’s top five portfolio ideas for the rest of 2025. While the Treasury market has been rocky lately, fixed-income assets are offering a steady stream of cash flow, said Tracie McMillion, head of Wells Fargo’s global asset allocation strategy. “Cash coming into a portfolio can be very important to income investors in particular, but it provides all investors with optionality,” she said during a panel discussion Tuesday…
U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr. discusses the findings of the Centers for Disease Control and Prevention’s (CDC) latest Autism and Developmental Disabilities Monitoring (ADDM) Network survey, during a press conference at the Department of Health and Human Services in Washington, D.C., U.S., April 16, 2025. Elizabeth Frantz | ReutersHealth and Human Services Secretary Robert F. Kennedy Jr. on Wednesday named eight new members to a crucial government panel of vaccine advisors after firing the entire group just days earlier. The new members will join the Advisory Committee on Immunization Practices, or ACIP, which advises the…
US and French soldiers stand guard at Union III Camp in the Green Zone of the Iraqi capital Baghdad on May 22. Ahmad Al-Rubaye | AFP | Getty ImagesThe United States is preparing a partial evacuation of its Iraqi embassy and will allow military dependents to leave locations around the Middle East due to heightened security risks in the region, U.S. and Iraqi sources said on Wednesday.The four U.S. and two Iraqi sources did not specify which security risks had prompted the decision and reports of the potential evacuation pushed up oil prices by more than 4%.”The State Department regularly…
