Stocks are skipping the widely expected year-end rally — and that isn’t signaling the best start for the market heading into 2025. Investors were hoping to end the year off strong with a “Santa Claus” rally, which spans the five final trading days of a calendar year and the first two trading days of January. The S & P 500 has gained, on average, 1.3% during this stretch of time, while finishing higher nearly 80% of the time, according to Dow Jones Market Data going back to 1950. The S & P 500 has instead finished lower during each of…
Author: usaeverydaylife
A water tower at the U.S. Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4, 2024.Justin Merriman | Bloomberg | Getty ImagesJapan’s Nippon Steel has proposed giving the U.S. government veto power over any potential cuts to U.S. Steel’s production capacity, as part of its efforts to secure President Joe Biden’s approval for acquiring the American steelmaker, a source familiar with the matter said on Tuesday.Last week, the Committee on Foreign Investment in the United States referred the decision to approve or block the deal to Biden.Biden, who will leave office on Jan. 20, must decide…
Oliver Chen, TD Cowen, joins ‘Fast Money’ to talk the outlook for retail in 2025. Source link
Voters fill out their ballots at a polling station in New York City on Election Day, November 5, 2024. Leonardo Munoz | Afp | Getty ImagesThe U.S. announced Tuesday that it is leveling sanctions on entities in Iran and Russia over attempted election interference.The Treasury Department said the entities — a subordinate organization of Iran’s Islamic Revolutionary Guard Corps and a Moscow-based affiliate of Russia’s military intelligence agency, the GRU — attempted to interfere in the 2024 elections.”As affiliates of the IRGC and GRU, these actors aimed to stoke socio-political tensions and influence the U.S. electorate during the 2024 U.S. election,” said…
The NFL regular season is not quite finished. There are a few issues to finalize in Week 18 but not many. Twelve of the 14 playoff spots are decided, and the Broncos and Buccaneers can clinch the two remaining spots with wins. So the Power Rankings are looking ahead to what’s next for every team. That means the postseason for some, quarterback questions for others and head coaching searches for several.We’ve also shuffled the top of our rankings, which get tougher and tougher to order as the season draws to a close.1. Buffalo Bills (13-3)Last week: 1Sunday: Beat New York…
Warren Buffett’s Berkshire Hathaway spent the last few trading days of 2024 buying more of an internet company whose shares are trading near their cheapest level in seven years. The conglomerate bought 76,487 shares of Verisign via transactions on Thursday, Friday and Monday for $15.6 million, according to a regulatory filing Monday night. Berkshire now owns 13.8% of the company after scooping up shares consistently throughout this month. Given the still small size of the bet, these transactions could be made by Buffett’s investing lieutenants Todd Combs and Ted Weschler. Berkshire first bought the tech stock in 2013 and hasn’t…
Ezra Bailey | Stone | Getty ImagesOpening presents during the holidays is of course a lot of fun. But for many, opening those credit card statements will be just the opposite.Months before the holidays hit, consumers were already bracing for the anticipated costs.More than half of 2024 holiday shoppers, or 55%, felt stress at the costs associated with the season, according to a survey conducted online in September by The Harris Poll on behalf of NerdWallet.Still, 32% of consumers thought it was important to purchase holiday gifts and experiences to show their love for family and friends, despite the expenses,…
The famous wrestler Sting, in describing his character change in 1996 from a clear babyface to a darker, enigmatic character, offered the perfect axiom about predicting the future. Noted the Stinger: “The only thing that’s for sure about Sting is nothing’s for sure.”This would be the same for sports media. There are some trends that look obvious (increased investment in women’s sports media; legacy media consolidation and layoffs; Netflix becoming a bigger sports player; more media leaning into sports betting revenue), but who knows? Still, we bring you some guesses for 2025.1. Tom Brady will walk away from broadcasting before…
America’s oldest horse racetrack is closing after running its last race on the final weekend of 2024. Freehold Raceway in New Jersey, co-owned by Penn Entertainment, tried for decades to land a casino but failed. Like many tracks around the nation, it grappled with declining attendance and revenue. It had been operating for more than 170 years.”Unfortunately, the operations of the racetrack cannot continue under existing conditions, and we do not see a plausible way forward,” said Howard Bruno, the racetrack’s general manager, in a news release announcing the closure.But industry insiders, investors and other enthusiasts believe horse racing in the United…
While it has been a strong year for the S & P 500 , some names are more to thank than others. The broad index is tracking to end 2024 higher by 23.8%. That far outpaces the average gain of 11% seen between 2014 and 2023. Some stocks ran circles around that performance, thanks to their connection to broader trends like artificial intelligence that captured investor interest this year. Here’s the top three performers in the S & P 500 year to date: Palantir Palantir is, far and away, the best-performing S & P 500 member of 2024 . Shares…
