Ambulances are surrounded by people at the entrance of the American University of Beirut Medical Center, on September 17, 2024, after explosions hit locations in several Hezbollah strongholds around Lebanon amid ongoing cross-border tensions between Israel and Hezbollah fighters. Anwar Amro | Afp | Getty ImagesHand-held radios used by Hezbollah detonated late on Wednesday afternoon across Lebanon’s south and in Beirut’s southern suburbs, a security source and a witness said, further hiking tensions with Israel a day after similar explosions launched via the group’s pagers.At least one of the blasts took place near a funeral organized by Iran-backed Hezbollah for those…
Author: usaeverydaylife
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C., on Dec. 6, 2023.Evelyn Hockstein | ReutersJPMorgan Chase has created a new global role overseeing all junior bankers in an effort to better manage their workload after the death of a Bank of America associate in May forced Wall Street to examine how it treats its youngest employees.The firm named Ryland McClendon its global investment banking associate and analyst leader in a memo sent this month, CNBC…
Gold is trading at all-time highs due to a combination of inflation concerns, geopolitical risks, and expectations around monetary policy. With the upcoming Federal Reserve announcement Wednesday at 2 p.m. ET, markets are speculating on a possible half-point cut. Given the Fed’s softer stance on the economy — partly due to the cooling labor market — a larger rate cut could provide additional fuel for gold’s rally. We’ll review a way to play it with options. Historically, gold tends to benefit from dovish monetary policies, especially when they signal prolonged low interest rates, which reduce the opportunity cost of holding…
WNBA expansion team coming to Portland in 2026.Source: WNBAThe WNBA is adding its 15th team in Portland, the third new franchise as part of its most recent expansion, the league announced Wednesday.The Portland team, which was not named in a WNBA release, will begin play in 2026 and will be owned and run by RAJ Sports, an investment firm specifically focused on sports. Lisa Bhathal Merage will be the controlling owner and governor.”As the WNBA builds on a season of unprecedented growth, bringing a team back to Portland is another important step forward,” said WNBA Commissioner Cathy Engelbert in release.…
US Vice President and Democratic presidential candidate Kamala Harris speaks at a campaign rally at the Bojangles Coliseum in Charlotte, North Carolina, on September 12, 2024. Jim Watson | AFP | Getty ImagesMore than 100 Republican former lawmakers and officials endorsed Democratic presidential nominee Kamala Harris, while warning that their own party’s candidate, former President Donald Trump, is “unfit to serve again.”In a letter shared by the Harris campaign Wednesday morning, the group of former national security and foreign policy officials said that despite their disagreements with the vice president’s policies, “we believe that she possesses the essential qualities to serve…
It is the week when Manchester City begin another assault on the Champions League against the backdrop of a legal battle with the Premier League, yet Rodri, the club’s star midfielder, managed to take the conversation in an unexpected direction on Tuesday.A question on the increasing demands being placed upon Europe’s elite players brought a pointed response. “We’re close to (strike action),” Rodri told reporters during a press conference previewing City’s clash with Inter Milan. “It’s the general opinion of the players and if it keeps this way, we’ll have no other option.”The debate over football’s calendar has rumbled on…
A rate-cutting cycle from the Federal Reserve could bode well for some technology stocks. Markets are gearing up for a long-awaited rate cut from the central bank Wednesday after more than two years of aggressive hiking to stem the spread of sticky inflation. It will end one of the most aggressive periods of tightening in recent history. Tech stocks have already experienced another blowout year as AI tailwinds show no signs of dwindling, but the central bank’s easing could offer even more upside as earnings look poised to benefit from lower borrowing costs. The three months following a cut could…
The company’s IM-1 mission lander shortly after launching on Feb. 15, 2024.Intuitive MachinesIntuitive Machines’ stock jumped in early trading Wednesday after NASA awarded the lunar-focused company a major contract to build moon data satellites.”This contract marks an inflection point in Intuitive Machines’ leadership in space communications and navigation,” Intuitive Machines CEO Steve Altemus said in a statement.NASA said the company was the sole awardee to build “lunar relay systems” for the agency’s Near Space Network, a system that communicates with government and commercial missions that are up to 1 million miles from Earth. The contract will see Intuitive Machines build…
Check out the companies making headlines in premarket trading. United States Steel — Shares advanced more than 3% after Reuters reported the Committee on Foreign Investment in the United States granted a request to push back a review of Nippon Steel’s bid for U.S. Steel until after the November election. Reuters cited a person familiar with the matter. General Mills — Shares were 1% lower after profit for the packaged foods company dropped 14% last quarter on lighter margins due to higher input costs. Casella Waste Systems — Stock in the recycling company pulled back more than 4% after it…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Traders and investors are debating if the Federal Reserve will cut 25 basis points or 50 basis points when the decision comes at 2pm eastern time. The Jerome Powell press conference is also in focus with some market watchers saying the tone is possibly more important than the cut itself. Word of day: “Stagflation” Mark Smith of Wells Fargo Advisors said stagflation is the biggest risk to the soft landing as the Federal…
