The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Author: usaeverydaylife
Sign on an empty supermarket shelf in Queens, New York.Lindsey Nicholson/UCG/Universal Images Group via Getty ImagesWholesale egg prices have eclipsed record levels as the U.S. scrambles to contain a bird-flu outbreak — and consumers may soon see more sticker shock at their local grocer as a result, according to analysts.On Friday, average wholesale prices for large, white shell eggs reached $8 a dozen, beating the previous record by a large degree, according to data from Expana, which tracks agricultural commodity prices.”The previous all-time high was late December 2022 heading into Christmas, when we touched $5.46 per dozen,” Ryan Hojnowski, a…
David Huitema, Director of the Office of Government Ethics, sits down with Reuters for his first interview on the job, at his office in Washington, U.S., Jan. 2, 2025.Evelyn Hockstein | ReutersPresident Donald Trump has removed David Huitema as director of the U.S. Office of Government Ethics, the agency said Monday.The independent agency, which works to prevent financial conflicts of interest in the executive branch, said it is reverting to an acting director.Huitema was nominated by former President Joe Biden and confirmed by the Senate in a 50-46 vote on Nov. 14 to serve a five-year term.The current acting director…
The United Nations announced on Monday that it was suspending all humanitarian operations in a large Houthi-controlled area in northern Yemen in response to the arbitrary detention of its staff, which it said created hostile conditions for aid work.The U.N. secretary general, António Guterres, made the decision because the Houthis detained eight more U.N. staff members in late January, bringing the total arrested since 2021 to 24, said Farhan Haq, a U.N. spokesman.Mr. Haq said the Houthis had violated an agreement reached in December with the U.N. to stop detaining the global agency’s staff and to find a pathway to…
With investors expecting a volatile market in 2025, many are turning to options strategies to help smooth the ride — and produce income. Stocks have bounced around this year, with tech names getting rattled by China’s DeepSeek AI model and Trump administration trade policies causing uncertainty. Exchange-traded funds like the JPMorgan Equity Premium Income ETF (JEPI) have been employing options strategies for years, but they are becoming increasingly popular. Morningstar calls these types of funds a “hot corner” of the ETF market. The derivative income ETF category raked in $33 billion in 2024 — bringing the total assets to $97…
These are the stocks posting the largest moves in extended trading. Source link
Tom Goldstein, a partner at the law firm of Akin Gump Strauss Hauer & Feld LLC, poses for a photo outside the Supreme Court in Washington, D.C., U.S., on Monday, Jan. 11, 2010. Stephen Voss | Bloomberg | Getty ImagesLeading Supreme Court lawyer Tom Goldstein was rearrested Monday after federal prosecutors told a judge that the high-stakes poker player is a “serious” flight risk from his criminal tax evasion case.Prosecutors said that the SCOTUSblog publisher Goldstein should have his bail revoked because he failed to disclose to Pretrial Services officers after his recent indictment that he controls two cryptocurrency wallets through…
Elon Musk, chief executive officer of Tesla Inc., ahead of the 60th presidential inauguration parade at Capital One Arena in Washington, DC, US, on Monday, Jan. 20, 2025. Victor J. Blue | Bloomberg | Getty ImagesElon Musk is leading a group of investors in offering to buy control of OpenAI for $97.4 billion, the Wall Street Journal reported on Monday. The bid is for the nonprofit that oversees the artificial intelligence startup, the Journal reported, adding that Musk’s attorney, Marc Toberoff, said he submitted the offer on Monday. The WSJ cited a statement from Musk provided by Toberoff, saying “It’s time…
McDonald’s and Schwab have been outperforming the market this year — but now may be the time for investors to sell the stocks, according to James Demmert, chief investment officer of Main Street Research. Demmert appeared on CNBC’s “Power Lunch” on Monday to share his opinions on where he thinks some of the biggest stocks in the market are headed. Here are his thoughts on the two stocks to sell, as well as one name he encourages traders to buy. McDonald’s Although shares of McDonald’s jumped 5% Monday following its fourth-quarter results, the move higher belies the weakness in the earnings report, Demmert…
As investors grow more concerned about tariffs and the impact they could have on inflation, they are lowering their expectations even further for interest rate cuts out of the Fed this year. President Donald Trump is moving quickly to establish duties against the largest U.S. trading partners. Even with tariffs postponed against Canada and Mexico, he has moved forward against China and targeted efforts on steel and aluminum . Economists have warned that a wide-scale trade war could significantly raise prices, and consumers appear to be worried as well. Respondents to the University of Michigan’s closely-followed consumer sentiment poll released…
