Check out the companies making headlines in midday trading: Nuvalent — Shares soared more than 22%, hitting an all-time high, after the biopharmaceutical company highlighted positive data on two experimental cancer treatments over the weekend. Nuvalent said the two drugs show “favorable tolerability.” Bausch + Lomb — The contact lens provider rallied 13.9% after the Financial Times reported it was considering a sale. Bausch + Lomb is working with Goldman Sachs advisors and is expected to catch the eye of private equity, according to the Financial Times. Alcoa — The aluminum stock jumped more than 7% after the company agreed…
Author: usaeverydaylife
Market heavyweight Apple (AAPL) has become range-bound within the context of its primary uptrend. On the weekly bar chart, AAPL has its first MACD ‘sell’ signal since January. This reflects a notable loss of intermediate-term momentum, suggesting AAPL has entered a corrective period that could prolong itself several weeks. The weekly stochastics have also turned decisively lower since AAPL failed to clear resistance from its July high, near $233. This is a setback within the context of the cyclical uptrend framed by the weekly cloud model (shaded area on the chart). Initial support for AAPL is near $213 according to…
Apple CEO Tim Cook shows a peace sign as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, on Sept. 9, 2024.Manuel Orbegozo | ReutersApple on Monday released iOS 18, the latest version of its software for iPhones.This is Apple’s biggest iPhone update of the year, but this rollout doesn’t include the company’s forthcoming AI system, Apple Intelligence, which is the focus of Apple’s new ads. Apple Intelligence will be released to the public in a beta version later this fall, and it will come as part of a separate software, Apple said.The iOS…
International Brotherhood of Teamsters General President Sean O’Brien (L), and Vice President and Democratic Presidential candidate Kamala Harris.Getty Images (L) | Reuters (R)Vice President Kamala Harris will sit down with members of the International Brotherhood of Teamsters in Washington on Monday, to make her pitch for the massive union’s endorsement.With 50 days until the November election, the Teamsters, which has 1.3 million members, is one of the last organized labor groups that has yet to issue a presidential endorsement.Traditionally, the Teamsters have endorsed the Democratic presidential candidate, but only after both parties hold their nominating conventions.This year, however, Teamsters president…
Apple released the latest version of its iPhone operating system, iOS 18, on Monday, including several new security and privacy features. The rollout comes a week after Apple unveiled new versions of the iPhone, AirPods and Apple Watch. Preorders for the new iPhones began Friday and will be widely available on Sept. 20.Some consumer tech experts say the new iPhone hardware is best judged as incremental, and early data suggests demand could be sluggish, so neither the phone nor new artificial intelligence features will necessarily result in an upgrade supercycle. But for iPhone users, it’s worth familiarizing yourself with the…
KANSAS CITY, Mo. — Joe Burrow stood on a podium in the bowels of Arrowhead Stadium holding a dejected stare of disbelief and the tone of nursing an open wound of defeat.“As frustrating as I’ve had,” he said of the Bengals’ 26-25 loss to the Chiefs, unable to even explain why. “I’ll need a couple days to figure that out.”Likely because for the vast majority of Sunday, the Bengals were the better team than the back-to-back Super Bowl champions. One week after looking like a far worse team projected to finish near the top of the draft. Joe Burrow speaks…
With the Federal Reserve expected to begin its rate-cutting cycle this week, investors should take advantage of this “golden age of fixed income” now, according to BlackRock’s Rick Rieder. He sees a shift coming in the market. “The world is changing,” said Rieder, the asset manager’s global chief investment officer of fixed income. “The equity market will continue to do, I think, OK, but no better than OK.” Plus, as investors question the large multiples on tech stocks, the “fever pitch” that the names have enjoyed will not be sustained, he said, although he believes they will continue to do…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Stocks were mostly lower Monday after a comeback rally last week that saw the S & P 500 and Nasdaq Composite post their biggest weekly advances of the year. Both indexes traded in the red Monday, while the Dow Jones Industrial Average was slightly positive. The action comes as investors await the Federal Reserve’s policy decision Wednesday afternoon. An interest rate reduction is widely expected, but there’s debate on whether the Fed will cut by…
Elon Musk attends the “Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk” session during the Cannes Lions International Festival Of Creativity 2024 – Day Three in Cannes, France, on June 19, 2024.Marc Piasecki | Getty ImagesTesla CEO and X majority owner Elon Musk wrote and then deleted a Sunday post on X that appeared to question why there weren’t more assassination threats made against President Joe Biden and Vice President Kamala Harris. Musk, who has 197.8 million followers on X, posted the message shortly after a second apparent assassination attempt against Republican former President Donald…
Tim Cook, chief executive officer of Apple Inc., during an event at Apple Park campus in Cupertino, California, US, on Monday, Sept. 9, 2024. Apple Inc. unveiled a new version of its smartwatch with a bigger screen and the ability to detect sleep apnea, part of an event Monday that will also include the iPhone 16 smartphone. Photographer: David Paul Morris/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesThe U.S. Food and Drug Administration on Monday cleared Apple’s new sleep apnea detection feature for use, which means it will come to the Apple Watch Series 9, Series 10, and Ultra…
