Jensen Huang, Nvidia’s founder, president and CEO, speaks about the future of artificial intelligence and its effect on energy consumption and production at the Bipartisan Policy Center in Washington, D.C., on Sept. 27, 2024.Chip Somodevilla | Getty ImagesNvidia passed Apple in market value on Tuesday, once again becoming the most valuable publicly-traded company in the world.Shares of the chipmaker rose over 2% on Tuesday, and shares are up about 5% so far in 2025 after rising 171% in 2024 and nearly 239% in 2023, reflecting insatiable demand for the company’s artificial intelligence chips.Meanwhile, Apple shares slid 3% on Tuesday. They’re…
Author: usaeverydaylife
If effort could be measured in straight dollars and cents, no baseball team in the last quarter century has tried harder to defend a World Series championship than the Los Angeles Dodgers.It has been 25 years since a team has won back-to-back titles. But in an effort to end that drought, the reigning champions have already committed $445.5 million in guaranteed dollars this winter. That’s more than the $370.5 million spent by the previous four World Series winners combined.By moving aggressively on big-league free agents and contract extensions — a flurry of activity that has raised consternation throughout the sport…
Secretary of State Marco Rubio walked into the State Department on Tuesday for the first time in his new job, taking the reins of the main agency carrying out U.S. foreign policy at a time of violent global crises and as other nations begin engaging with President Trump.After greeting employees at a ceremonial gathering, Mr. Rubio went into a meeting with his counterparts from India, Japan and Australia to discuss issues in the Indo-Pacific region, an area that, in his eyes, China seeks to dominate.The State Department and the United States Agency for International Development, which works under Mr. Rubio’s…
Defense stocks are rallying Tuesday, extending their oversold comeback following a major correction in the fourth-quarter. The up-move is being led by Northrup Grumman (NOC) , which is rallying on news of an upgrade from Citigroup. That upgrade is resulting in a meaningful bullish shift from a technical perspective. NOC has seen a strong rally unfold above key support from the weekly cloud model, near $460. Tuesday’s gap higher is yielding a breakout above initial resistance from the 50-day moving average, approximated by the 10-week moving average on the chart. The breakout is associated with a new oversold upturn in…
President Donald Trump’s first batch of executive orders and commentary since returning to the White House has wide-ranging implications for our stock portfolio. Upon taking office, a new president’s executive orders highlight the high-priority initiatives that their administration is clearly focused on addressing. Not all executive orders have serious “teeth” behind them, but plenty definitely do. In general, when they’re signed, investors need to take note and consider what they mean for their stocks. A similar approach should be taken toward other executive actions and presidential commentary. As we sift through everything that Trump did and said Monday on his…
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City.Spencer Platt | Getty Images News | Getty ImagesReddit shares rose over 7% to a record high Tuesday after Raymond James analysts raised their price target and reiterated their “strong buy” rating for the social media platform.The company’s shares reached $191 during midday trading, topping a previous high of $182 on Jan. 6. Reddit shares passed $100 for the…
Five years ago, this was a fairly simple exercise: Rank Alabama either No. 1 or 2, then drop Ohio State, Clemson or Georgia immediately before or after. Look like a genius 365 days later.But these days, it takes the GDP of a small country to keep a roster intact in college football. Ohio State spent the money to do it in 2024. Penn State is trying to do it in 2025.The Nittany Lions, who very nearly reached this year’s national championship game, are my early No. 1 for next season. I’m skeptical they can actually pull it off, but on…
Dividend growth stocks are a good way to protect portfolios during times of volatility and boost performance, according to BMO. Even as stocks are in positive territory year to date, the gains have come with a few bouts of volatility. Still, BMO remains bullish on stocks for 2025 and sees no significant trouble on the horizon, chief investment strategist Brian Belski said in a note last week. “Nonetheless, given current market dynamics, we do believe price swings and bouts of volatility will become more frequent in the coming months, and will require further discipline and perspective from investors, in our…
David Einhorn, President at Greenlight Capital, speaking at the 14th CNBC Delivery Alpha Investor Summit in New York City on Nov. 13th, 2024. Adam Jeffery | CNBCGreenlight Capital’s David Einhorn thinks speculative behavior in the current bull market has ascended to a level beyond common sense.”We have reached the ‘Fartcoin’ stage of the market cycle,” Einhorn wrote in an investor letter obtained by CNBC. “Other than trading and speculation, it serves no other obvious purpose and fulfills no need that is not served elsewhere.”A crypto token called “fartcoin” exploded in popularity as the recent election of Donald Trump unleashed a storm…
A cartoon image of US President-elect Donald Trump with cryptocurrency tokens, depicted in front of the White House to mark his inauguration, displayed at a Coinhero store in Hong Kong, China, on Monday, Jan. 20, 2025.Paul Yeung | Bloomberg | Getty ImagesA new securities filing Tuesday revealed that an ETF issuer is already rushing to launch a fund to track the new Trump crypto token.The proposed fund is called the Rex-Osprey Trump ETF. The fund could gain exposure to the Trump token at least in part through a Cayman Islands subsidiary, according to the document. The filing does not have…
