Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesBlock shares jumped more than 10% in extended trading on Friday, as the fintech company gets set to join the S&P 500, replacing Hess.It’s the second change to the benchmark this week, after S&P Global announced on Monday that ad-tech firm The Trade Desk would be added to the S&P 500. Trade Desk is taking the place of software maker Ansys, which was acquired by Synopsys in…
Author: usaeverydaylife
The opening week of earnings season has given Wall Street bulls plenty to celebrate, helping the S & P 500 hit new highs. Earnings season kicked off with the big banks, which mostly delivered positive results for the quarter. Continuing the strength in financials, Interactive Brokers and Charles Schwab moved higher on Friday after their earnings reports. Even some stocks that were falling after their reports, including Netflix and 3M on Friday, beat Wall Street expectations for the second quarter on the headline metrics. According to FactSet senior earnings analyst John Butters, 12% of S & P 500 companies have…
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Rafael Henrique | Lightrocket | Getty ImagesThe head of entertainment group Skydance — poised to take over media conglomerate Paramount Global — told federal officials he is pursuing a focus on “American storytelling” while touting a new, “unbiased” editorial direction for CBS News.David Ellison, Skydance’s CEO, met with Federal Communications Chairman Brendan Carr to seek approval for his firm’s long-in-the-making merger with Paramount, according to a letter from a Skydance lawyer included in a federal filing. The transaction has roiled Paramount subsidiary CBS News and its longtime crown jewel, “60 Minutes,” amid fights over its editorial independence. Ellison is the…
Peter Thiel, co-founder of PayPal, Palantir Technologies, and Founders Fund, holds hundred dollar bills as he speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida.Marco Bello | Getty ImagesThe Peter Thiel-backed cryptocurrency exchange Bullish filed for an IPO on Friday, the latest digital asset firm to head for the public market. The company said it plans to trade on the New York Stock Exchange using the ticker symbol “BLSH.”A spinout of Block.one, Bullish started with an initial investment from backers including Thiel’s Founders Fund and Thiel Capital, along with Nomura, Mike…
PERTH, AUSTRALIA – NOVEMBER 18: Chris Martin of Coldplay performs on stage at Optus Stadium on November 18, 2023 in Perth, Australia. (Photo by Paul Kane/Getty Images)Paul Kane | Getty Images Entertainment | Getty ImagesAstronomer, a provider of open-source technologies that was hardly known until this week, said on Friday that it’s launched an investigation after CEO Andy Byron was shown on video at a Coldplay concert in an intimate embrace with the company’s head of human relations.”The Board of Directors has initiated a formal investigation into this matter and we will have additional details to share very shortly,” the…
U.S. President Donald Trump leaves after signing the “GENIUS Act” into law during a ceremony in the East Room of the White House July 18, 2025 in Washington, DC.Anna Moneymaker | Getty ImagesPresident Donald Trump on Friday followed through on his threat to sue media mogul Rupert Murdoch after his Wall Street Journal published an article saying that Trump sent Jeffrey Epstein a “bawdy” letter for Epstein’s 50th birthday, courts records show.Trump filed a lawsuit alleging libel against Murdoch, the Journal’s publisher, Dow Jones, and the two reporters who wrote the article in federal court for the Southern District of…
On June 6, online real estate service Opendoor was so desperate to get its beaten-down stock price back over $1 and stay listed on the Nasdaq that management proposed a reverse split, potentially lifting the price of each share by as much as 50 times.The stock inched its way up over the next five weeks.Then Eric Jackson started cheerleading.Jackson, a hedge fund manager who was bullish on Opendoor years earlier when the company appeared to be thriving and was worth roughly $20 billion, wrote on X on Monday that his firm, EMJ Capital, was back in the stock.”@EMJCapital has taken…
It all comes back to tech, once again. Magnificent Seven earnings kick off in the week ahead, with Alphabet and Tesla the first of the megacaps to report this earnings season at a time when the artificial intelligence trade — along with strong quarterly results and economic data — is once again carrying the market to all-time highs. The S & P 500 reached yet another milestone Friday, with tech driving much of the recent gains. Nvidia alone is up more than 4% this week, after first crossing the $4 trillion milestone last week. Tesla shares are also up more…
A worker helps board up windows at Joey and Brenda Bermudez’s home that was damage by a recent tornado at the Elkhorn Ranch neighborhood in Elbert County on May 19, 2025. RJ Sangosti | MediaNews Group | Denver Post | Getty ImagesGlobal insured losses for the first half of this year have reached $84 billion, according to a recent Gallagher Re report — the highest first half total since 2011.Violent storms in the U.S. with damaging wind, lightning and hail are driving losses for insurers of more than $30 billion, according to the report from the global reinsurance broker. These…
