FILE PHOTO: A view of the U.S. Supreme Court in Washington, U.S., July 19, 2024.Kevin Mohatt | ReutersPresident Donald Trump on Thursday again argued for an end to birthright citizenship in the United States, hours before the Supreme Court is set to hear arguments on whether lower-court judges can impose national injunctions blocking such executive actions as litigation over them plays out.The case comes as Trump has issued executive orders related to a range of issues that have been halted by federal district court judges.”Big case today in the United States Supreme Court,” Trump wrote in a social media post.”Birthright…
Author: usaeverydaylife
Yoni Assia, Co-Founder and CEO of eToro, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2023. Patrick T. Fallon | Afp | Getty ImagesIn eToro’s IPO filing, ahead of the company’s market debut on Wednesday, the stock trading platform spent over 1,500 words spelling out the potential risks of operating in Israel, home to corporate headquarters.While the current military conflict between Israel and Hamas hasn’t “materially impacted” business, “the continuation of the war and any escalation or expansion of the war could have a negative impact on both global and regional conditions and may…
Check out the companies making headlines before the bell. Walmart – The discount retailer reported better-than-expected earnings , but shares were slightly lower in the premarket. Walmart posted an adjusted profit of 61 cents per share, beating an LSEG estimate of 58 per share. Revenue of $165.61 billion was about in line with the consensus forecast of $165.84 billion. Dick’s Sporting Goods , Foot Locker – Shares of Dick’s Sporting Goods slid nearly 11% after the athletic apparel and goods company agreed to purchase smaller rival Foot Locker for $2.4 billion. Dick’s offered $24 per share of Foot Locker, which implies…
Here are Thursday’s biggest calls on Wall Street: Evercore ISI reiterates Netflix as outperform Evercore said it’s bullish heading into the company’s investor event on Thursday. ” Netflix is simply running away with the Streaming market thanks to excellent execution, a stellar content slate, and scale advantages.” Raymond James downgrades JetBlue to market perform from outperform Raymond James downgraded the stock mainly on valuation. “We are downgrading JetBlue to Market Perform on more balanced risk-reward, with the shares having reached our $5.00 target price following our April tactical upgrade — the third best performing scheduled service U.S. airline in our…
Federal Reserve Chair Jerome Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux.In remarks that focused on the central bank’s policy framework review, last done in the summer of 2020, Powell noted that conditions have changed significantly over the past five years.During the period, the Fed witnessed a period of surging inflation, pushing it to historically aggressive interest rate hikes. Powell said that even with longer-term inflation expectations largely in line with the Fed’s 2% target, the era of near-zero rates is not likely to return anytime soon.”Higher…
Dozens were killed in Israeli strikes across the Gaza Strip on Thursday, the territory’s health ministry said, as U.S.-backed attempts to push Israel and Hamas to agree to a new cease-fire remain deadlocked.Dozens more were injured in the attacks, according to the ministry, which does not distinguish between civilians and combatants.Israel has threatened a significant military escalation in the coming days unless Hamas lays down its arms and frees the remaining hostages it holds. But the Palestinian armed group has rejected Israel’s conditions, demanding an end to the war and a full Israeli withdrawal in exchange for releasing the captives.The…
Dick’s Sporting Goods ‘ acquisition of Foot Locker is a “strategic mistake” for the retailer, according to TD Cowen. The bank downgraded shares of Dick’s to hold from buy. Analyst John Kernan also lowered his price target to $216 from $245, implying just 3% from Wednesday’s close. Dick’s announced it would buy Foot Locker for $2.4 billion , in a deal expected to close in the second half of this year. Shares of Foot Locker rallied more than 80% on the news, while Dick’s fell 8%. DKS YTD mountain DKS YTD chart But Kernan said this deal is “likely to…
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Microsoft co-founder Bill Gates announced one week ago that he would give away “virtually all” of his wealth over the next 20 years through his namesake philanthropy. At the end of 2045, the Gates Foundation will close its doors after disbursing all its assets. Gates estimated that the sum would exceed $200 billion, including his wealth and the foundation’s endowment of $77.2 billion as of the…
Pavlo Gonchar | Lightrocket | Getty ImagesCybersecurity firm Proofpoint announced Thursday it will acquire Germany-based competitor Hornetsecurity for $1 billion to strengthen its European presence as it explores a return to public markets.The deal marks the largest single acquisition in Proofpoint’s history.The Sunnyvale, California-based company, which is currently owned by private equity giant Thoma Bravo, said the deal to buy Hornetsecurity would help deepen its expertise in the managed service provider (MSP) ecosystem.Headquartered in Hannover, Germany, Hornetsecurity specializes in managed cloud-based email security services to help protect firms from cyberattacks, data loss, and compliance risks associated with Microsoft 365 and…
The TikTok logo is seen outside the Chinese video app company’s Los Angeles offices on April 4, 2025 in Culver City, California.Robyn Beck | AFP via Getty ImagesSocial media app TikTok was charged by EU tech regulators on Thursday with breaching EU online content rules, putting its owner ByteDance at risk of a fine of as much as 6% of its global turnover.The European Commission said it had sent its preliminary findings to TikTok following an investigation launched in February last year.The EU executive said TikTok has failed to comply with the Digital Services Act’s obligation to publish an advertisement…
