The Trump Organization is seeking to prevent some online businesses from hawking counterfeit merchandise promoting President Donald Trump.In a lawsuit filed Friday in U.S. District Court in Florida, the company accused unnamed merchants of selling “inferior imitations” of Trump-branded products on several online marketplaces, including Amazon, Walmart and eBay.The Trump Organization company, which is owned by Trump, sells a variety of branded merchandise through its website, including a gold T1 smartphone. The Trump Organization alleges the online merchants didn’t license its trademarks and weren’t authorized resellers of genuine merchandise.”By selling counterfeit products that purport to be genuine and authorized products…
Author: usaeverydaylife
European banks have seen strong performance, with the STOXX Europe 600 Banks Index gaining 41% year-to-date, outpacing the broad-based STOXX Europe 600 Index by 30%. This year’s gains have resulted in a multi-year trading range breakout for the iShares MSCI European Financials ETF (EUFN) , which we see as a long-term tailwind suggesting banks should be a continued source of outperformance in Europe. In February, EUFN was able to decisively clear its 2011, 2014, and 2018 highs in a bullish secular shift. The monthly MACD is positive and expanding to the upside, unaffected by the decline into the April low…
Agent Nicole Plaxen of The Beverly Hills Estates said she’s holding “constant showings” of this $118 million mansion in Bel Air.Credit: The Beverly Hills EstatesA 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.When actor and entrepreneur Mark Wahlberg sold his Beverly Hills mansion in 2023 for $55 million, many brokers said the price was low.Wahlberg had listed the 30,500-square-foot home for $87.5 million but slashed the price in order to close before Los Angeles’ looming mansion tax…
Federal Reserve Board Chairman Jerome Powell arrives ahead of the Federal Reserve Board of Governors’ “Integrated Review of the Capital Framework for Large Banks Conference” at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, DC on July 22, 2025. Mandel Ngan | Afp | Getty ImagesA judge on Monday questioned whether a lawsuit seeking to force the Federal Reserve to open to the public a meeting on setting interest rates is a publicity stunt to generate interest in the new investment fund that filed the civil complaint.Judge Beryl Howell, during a hearing on the request, noted that…
Well-liked stocks such as Roblox could move sharply higher on the back of their upcoming earnings reports. Second-quarter earnings season is impressing Wall Street. According to FactSet, 80% of S & P 500 companies that have reported so far have posted a positive earnings and revenue surprise for the period, which is above the five-year average of 78%. The S & P 500 index is also notably reporting a net profit margin above 12% for the fifth consecutive quarter, and analysts believe net profit margins for the index will improve in the second half of the year. CNBC Pro screened…
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the Institute of International Finance (IIF) during the annual meetings of the IMF and World Bank in Washington, DC, US, on Thursday, Oct. 24, 2024. Kent Nishimura | Bloomberg | Getty ImagesJPMorgan Chase says fintech middlemen — the companies that have helped a new generation of financial apps connect with traditional checking accounts — are flooding the bank’s systems with unnecessary data requests.”Aggregators are accessing customer data multiple times daily, even when the customer is not actively using the app,” a JPMorgan systems employee wrote last week in an internal…
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California.Kevin Carter | Getty Images News | Getty ImagesSpirit Airlines said Monday that it will furlough 270 pilots this fall as the carrier prepares for a smaller off-season schedule to try to find its financial footing.The airline will also downgrade 140 pilots from captain to first officer, according to a note to aviators from the Air Line Pilots Association, their union. Those downgrades take effect on Oct. 1.”We know how hard this news hits, and there’s no dressing…
Firefly Aerospace CEO Jason Kim sits for an interview at the Firefly Aerospace mission operations center in Leander, Texas, on July 9, 2025.Sergio Flores | ReutersFirefly Aerospace will price shares at $35 to $39 each in its upcoming initial public offering, a deal that would value the rocket maker at about $5.5 billion.The Texas-based space company said in an updated prospectus Monday that it’s planning to sell about 16.2 million shares. The offering could raise up to $631.8 million.Earlier this month, Firefly filed its plans to go public on the Nasdaq under the ticker symbol “FLY.”Its debut comes amid a…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — It’s quite possible that 2025 will be remembered as the year where defensive utilities became growth stocks. As Sean explains below, this sector is the second best performing group of stocks in the entire S & P 500 this year. This is remarkable when you consider that this is not a “risk-off” year in which investors reach for stocks that should hold up well in a downturn. It’s a risk-on year so far and defensive stocks…
U.S. President Donald Trump and Rupert Murdoch. Kevin Lamarque | Ricky Carioti | Via ReutersLawyers for President Donald Trump asked a judge on Monday to order Rupert Murdoch to sit for a deposition within 15 days for Trump’s $10 billion lawsuit accusing the media mogul of defaming him in a Wall Street Journal article about a “bawdy” birthday letter to sex offender Jeffrey Epstein.Trump’s lawyers cited Murdoch’s advanced age to submit to questioning under oath as a chief argument in their motion to compel him to testify earlier than would be normal in such a lawsuit, suggesting that Murdoch will…
