The ‘Fast Money’ traders look at the forces behind today’s market sell-off and how to play it. Source link
Author: usaeverydaylife
WASHINGTON — The Board of Governors of the U.S. Postal Service is bracing for an attempted takeover by the Trump administration and has retained outside counsel to fight any executive order to that effect, according to two sources with knowledge of the board’s plans.The board’s nine members, who are appointed by the president and confirmed by the Senate, held an emergency meeting after the Senate confirmed Howard Lutnick for commerce secretary on Wednesday, the sources said. In December, Lutnick first discussed his plans with President Donald Trump to dissolve USPS leadership and fold the agency into the Department of Commerce,…
Elon Musk, CEO of Tesla and SpaceX and owner of social media platform X, speaks at the Conservative Political Action Conference at the Gaylord National Resort Hotel and Convention Center in Oxon Hill, Maryland, Feb. 20, 2025.Andrew Harnik | Getty ImagesFor X owner Elon Musk, the solution to monitoring misinformation online has been the community, rather than a group of fact checkers. Since buying the social media company formerly known as Twitter in 2022, he’s touted the Community Notes feature as the best way to correct false posts.That is, until he didn’t like the results.Musk wrote in a post Thursday…
Either Major League Baseball commissioner Rob Manfred has close to a $550 million per year alternative to ESPN or he has committed sports business malpractice.On Thursday morning, ESPN informed MLB it was opting out of the final three years of its $550 million per season contract with baseball after this year. MLB did a fine job of presenting the opt-out as mutual, though something tells me ESPN would still be just fine for the league if the direct deposit for $550 million kept clearing.Because Manfred and his right-hand man, Noah Garden, have devalued MLB’s national regular-season product to such a…
For Jonathan Dekel-Chen, every day this week has been a mixture of joy and grief. He is celebrating the return of his son Sagui, who was released over the weekend as part of the cease-fire deal with Hamas. But reminders of Sagui’s ordeal, and the torments of the remaining hostages, are impossible to escape.“Today is a day with very mixed feelings,” Mr. Dekel-Chen said in an interview on Thursday.He had just visited his son in a Tel Aviv-area hospital on a day when Hamas turned over coffins that were said to contain the remains of four of Mr. Dekel-Chen’s neighbors…
Texas Roadhouse reported a top and bottom line beat in its fourth quarter with strong comparable sales growth and margin improvement. Although the first seven weeks of the first quarter are off to a noisy start due to inclement weather, this short-term headwind creates a long-term opportunity. Revenue in the quarter ended Dec. 31 increased 23.5% year over year to $1.44 billion, exceeding the LSEG-complied Wall Street consensus estimate of $1.41 billion. Earnings per share (EPS) increased 60% to $1.73, ahead of the $1.64 expected. Why we own it Why we own it: Texas Roadhouse is a fast-casual steak chin…
While the S & P 500 is trading close to its all-time high, a group of favored stocks among hedge funds is soaring even higher, according to Goldman Sachs. The S & P 500 reached an all-time intraday high as well as a new closing record on Wednesday, the broad market index’s second consecutive record close. But Goldman Sachs sliced and diced market performance another way, tracking the holdings of 695 hedge funds with a combined $3.1 trillion of gross equity positions at the beginning of 2025 and finding the top 50 stocks that show up most often among each…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJohn Ransom, Raymond James, joins ‘Fast Money’ to talk why he is still optimistic on UnitedHealth despite DOJ probe.05:30Fri, Feb 21 20255:46 PM EST Source link
Mayor Karen Bass on Friday ousted Fire Department Fire Chief Kristin Crowley amid tensions between the two over the way this year’s deadly fires were handled.Bass said that she had decided to fire Crowley “in the best interests of Los Angeles’ public safety, and for the operations of the Los Angeles Fire Department.””We know that 1,000 firefighters that could have been on duty on the morning the fires broke out were instead sent home on Chief Crowley’s watch,” the mayor said in a statement.Crowley’s removal is effective immediately, the mayor said.Bass also cited Crowley’s failure to do “an after action report on…
Apple CEO Tim Cook (L) takes a selfie with a greets customers on arrival for the release of the Vision Pro headset at the Apple Store in New York City on February 2, 2024. Angela Weiss | AFP | Getty ImagesWhen Apple revealed the Vision Pro in 2023, it called the $3,500 headset its next “major platform.” Two years later, and a year after going on sale, the device is thin on apps. Apple doesn’t regularly release stats on the number of Vision Pro apps that are available, and it’s hard to tell how many new apps come out in any given…
