Check out the companies making headlines in midday trading. Moderna — Shares of the vaccine maker pulled back more than 3% following a downgrade to underweight from JPMorgan . The firm cited Moderna’s changes to its revenue forecast as a headwind to the stock’s performance moving forward. Oracle – The stock rose nearly 2% after the database software company raised its fiscal 2026 revenue outlook . The company also issued strong guidance for the 2029 fiscal year. Aptiv PLC — Stock in the auto parts company climbed 3%. Chief executive Kevin Clark bought about 30,000 shares of Aptiv earlier in…
Author: usaeverydaylife
Senate Finance Committee Chair Ron Wyden threw shade at Republican presidential nominee Donald Trump on Friday over Trump’s latest campaign promise: to eliminate income taxes on overtime pay.”Donald Trump is losing, and these tax proposals he’s floating out of desperation are as fake as his tan,” Wyden said in a statement.The Oregon Democrat who leads the Senate tax writing panel said the former president “knows Republicans in Congress have no intention of passing this stuff.””It’s obvious his newfound concern for working people is a fraud,” Wyden argued, “because as president he undermined overtime protections for workers.”He added, “You can always…
Larry Ellison, Chief technology officer of Oracle (L), and Jeff Bezos, founder, executive chairman of Amazon.ReutersOracle’s best week on the stock market since 2021 has bolstered Chairman Larry Ellison’s net worth, briefly edging him past Amazon founder Jeff Bezos on Friday to become the world’s second-richest person.Ellison’s net worth reached $208.4 billion shortly after the market open, then fell to $199 billion, according to Forbes’ real-time billionaires list. Bezos, who has claimed the title of world’s second-richest person on and off over the years, is worth $205 billion. Only Tesla CEO Elon Musk, at $252 billion, is currently above him.Oracle…
On Saturday against Brentford, Erling Haaland will attempt to do something nobody has managed since 1946.The Manchester City striker has scored hat-tricks in his previous two Premier League games and if he can get another at the Etihad Stadium against Thomas Frank’s side this weekend, he will join a very exclusive list of players.One player getting three goals in three consecutive English top-flight matches has only happened four times — and three of them were before 1930.Here, The Athletic tells the stories of those four occasions, and the men the 24-year-old Norway international is hoping to emulate.Opponents: Liverpool, Leicester City,…
Union members hold picket signs during a news conference following a vote count on the union contract at the IAM District 751 Main Union Hall in Seattle, Washington, US, on Thursday, Sept. 12, 2024. M. Scott Brauer | Bloomberg | Getty ImagesBoeing CFO Brian West said a labor strike that began Friday will hurt aircraft deliveries and “jeopardize” the company’s recovery, hours after factory workers walked off the job and overwhelmingly rejected a new labor contract.West said the financial impact of the strike will depend on how long it lasts, but that it will affect the company’s production of its best-selling…
A United Airlines Boeing 737-MAX 8 aircraft departs at San Diego International Airport en route to New York on August 24, 2024 in San Diego, California. Kevin Carter | Getty ImagesUnited Airlines said Friday that it plans to offer inflight Wi-Fi for free using Starlink from Elon Musk’s SpaceX on its hundreds of jetliners, the biggest inflight internet deal yet for the satellite service provider.The team-up comes as airlines have been investing in faster inflight Wi-Fi, sometimes offering it for free, in a bid to attract higher-paying customers like business travelers.Delta Air Lines announced in early 2023 that onboard internet would…
In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI.Didem Mente | Anadolu | Getty ImagesTiger Global is planning to join OpenAI’s buzzy new funding round that would value the artificial intelligence startup at more than $150 billion, according to sources familiar with the situation.Thrive Capital is leading the round and plans to invest $1 billion. Microsoft, Nvidia and Apple are reportedly in talks to join as well.The Information was the first to report on Tiger Global’s planned participation.Earlier this year, OpenAI was valued at a reported…
TORONTO — Luis Severino has just finished his pregame work on a sunny Wednesday in Toronto. This was a simple day, catch, as the right-hander prepares for the 29th and most important start of his season, Saturday in Philadelphia.Severino’s emergence as a reliable option in the Mets’ rotation is one of the main reasons New York’s starting staff has been a strength. The rotation ERA sits, like the Mets themselves, sixth in the National League with 16 games to go.Severino is slated to start four of those remaining 16 games: twice against the first-place Phillies, once against rival Atlanta and,…
Chinese regulators on Friday hit PwC’s auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the firm’s audit of troubled property developer China Evergrande Group.Delivering a strong rebuke to the Big Four firm, China’s securities regulator said its investigation found that PwC Zhong Tian LLP “turned a blind eye” to and “even condoned” Evergrande’s fraud while auditing the annual results of the developer’s onshore flagship unit – Hengda Real Estate – in 2019 and 2020.”PwC has seriously eroded the basis of law and good faith, and damaged investors’…
The Federal Reserve has telegraphed the kickoff of their interest rate cutting campaign to begin next week. However, equity markets are wrestling with the manner in which they will begin. I believe a quarter-point interest rate cut is their first step but, a half-point interest rate cut (which has the ability to roil markets) has recently been floated strongly. I believe markets sell-off regardless due to either disappointment with just quarter pont or panic reaction with the severity of half-point. I want to buy insurance headed into this historic Fed meeting, using the high-beta Invesco QQQ Trust . The recent…
