GameStop Chairman Ryan Cohen.CNBCGameStop CEO and billionaire investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba to roughly 7 million shares worth about $1 billion, the Wall Street Journal reported Thursday.Citing people familiar with the matter, the Journal said the sizable stake in Alibaba is a bullish bet on China’s economic growth in the long run.Cohen wasn’t immediately available when CNBC reached out for comment. The news came after the Chinese titan posted a sharp profit hike in the December quarter amid strength in its Cloud Intelligence unit and e-commerce segment. Shares of Alibaba surged 8.1%…
Author: usaeverydaylife
Anthony Almeida exited his Dodge Ram just after 8 p.m. on Feb. 4, 2018, Super Bowl Sunday, around the time the Philadelphia Eagles took a 10-point lead over the New England Patriots into halftime.Security cameras recording at the Stop and Shop grocery store in Foxboro, Mass., captured Almeida picking out several items. He paid with cash but entered his phone number into a credit card terminal to activate the store’s rewards program. That was intentional; he wanted to establish an alibi.A few hundred yards away, a figure in dark clothing approached a home he had good reason to believe would…
Hamas handed over on Thursday what it said were the remains of four Israelis taken hostage during the Oct. 7, 2023, attack on Israel, including a woman and her two young children whose abduction was widely seen as emblematic of the viciousness of the Hamas assault.Crowds of Palestinians gathered near the southern Gaza city of Khan Younis to watch the theatrical handoff staged by Hamas: four coffins placed on a stage in front of a cartoonish, vampiric picture of Benjamin Netanyahu, the Israeli prime minister. Triumphant music thumped in the background.One casket bore a picture of Kfir Bibas, who was…
Conventional market wisdom suggests that history doesn’t repeat itself, but it often rhymes. For American Airlines (AAL) , we are observing technical conditions that are very reminiscent of previous tops over the last five years. Today, we’ll see how a post-earnings gap lower has fueled further deterioration for AAL, and how investors could anticipate a tradeable low as the downtrend progresses. Before a painful downside gap last month, American Airlines was in a confirmed uptrend after a major low in August 2024. The first real warning sign on the chart was a bearish momentum divergence at the January 2025 peak,…
Municipal bonds are already beloved by high-income investors, but those seeking additional yield and beefier returns are reaching for a little more risk. The high-yield muni bond corner of the market includes issues with below-investment grade ratings – that is, rated below BBB by Standard & Poor’s. This also means that these issuers face a greater risk of default and missing their interest payments compared to their AAA-rated counterparts. But investors willing to take a little more risk are rewarded with heftier returns. The U.S. high-yield muni bond fund category posted an average 12-month return of 5.22% as of Jan.…
PHOENIX — Almost like clockwork, Phoenix Suns star Kevin Durant appears 90 minutes before each home game, walking onto the court, ready to get started. The road to 30,000 career points? It didn’t begin here, but the routine played a significant role.Pregame shooting routines unfold every night across the NBA. Charlotte Hornets coach Charles Lee says they are like a “mental sanctuary” where players visualize and replicate what they’re about to face. Memphis Grizzlies coach Taylor Jenkins calls them confidence-boosting opportunities, a final primer before tipoff.Golden State’s Stephen Curry is perhaps best known for his pregame shooting routine, but Durant’s…
Amazon CEO Andy Jassy speaks during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center in New York City on Nov. 30, 2022.Michael M. Santiago | Getty ImagesAmazon has dethroned Walmart in quarterly revenue for the first time ever.Amazon said earlier this month that it brought in $187.8 billion in revenue during the fourth quarter. That beat Walmart’s sales for the period, which came in at $180.5 billion, the company reported on Thursday.Since 2012, Walmart has held the distinction of being the top revenue generator each quarter, a title it gained after overtaking…
JPMorgan has an updated set of biopharma names that could see upside this year after a hot and cold period for some companies in the sector. The firm’s top stock pick in the group continues to be Eli Lilly . Gilead Sciences and Bristol Myers Squibb also appear well positioned, according to analyst Chris Scott. “While the US Large Cap Biopharma group has outperformed the S & P500 YTD, sector valuations remain near all-time lows vs the market,” Scott wrote in a note to clients this month. “Within the sector, we see a clear preference for cleaner stories with either…
monkeybusinessimages | GettyThere are signs that the housing market is swinging to favor buyers. However, renewed worries about the economy are holding some buyers back.On the upside for homebuyers, home price growth has slowed and mortgage rates have retreated from recent peaks.The median sale price for homes was $375,475 in the four weeks ending February 16, up 3.7% from a year prior, according to Redfin, a real estate brokerage firm. That is the smallest increase in nearly five months.Meanwhile, the average 30-year fixed rate mortgage inched down to 6.87% the week ending Feb. 13, per Freddie Mac data. That’s the…
New York City Mayor Eric Adams arrives for a court hearing at Thurgood Marshall Courthouse on February 19, 2025 in New York City. Eduardo Munoz Alvarez | Getty ImagesNew York Governor Kathy Hochul is set to announce Thursday afternoon that she will not remove embattled New York City Mayor Eric Adams from office “right now,” according to a source familiar with the situation.But Hochul plans to impose strict “guardrails” on her fellow Democrat’s administration, the source said.Hochul has scheduled a 4 p.m. ET news conference to discuss her decision about Adams, who was indicted last year on federal criminal corruption charges.The…
