Fulton County District Attorney Fani Willis looks on during a hearing in the case of the State of Georgia v. Donald John Trump at the Fulton County Courthouse on March 1, 2024, in Atlanta, Georgia.Alex Slitz-Pool | Getty Images News | Getty ImagesA Georgia appeals court on Thursday disqualified Fulton County District Attorney Fani Willis from overseeing the criminal election interference prosecution of President-elect Donald Trump and other defendants.But the Court of Appeals let stand the indictment against the defendants, who are accused of crimes related to their efforts to overturn Trump’s loss in Georgia’s 2020 election to President Joe…
Author: usaeverydaylife
A television station broadcasts the Federal Reserve’s interest-rate cut on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Dec. 18, 2024.Michael Nagle | Bloomberg | Getty ImagesWall Street’s fear gauge — the VIX — spiked by the second biggest percentage in its history on Wednesday, after the Federal Reserve jolted the stock market by saying it would dial back its rate-cutting campaign.The CBOE Volatility Index surged 74% to close at 27.62, up from around 15 earlier in the day. That surge is the second-greatest in history, behind a 115% leap to above the…
U.S. Federal Reserve Chair Jerome Powell speaks during a press conference where he announced the Fed had cut interest rates by a quarter point following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., Dec. 18, 2024.Kevin Lamarque | ReutersThe U.S. Federal Reserve roiled markets Wednesday after raising its inflation outlook and signaling fewer rate cuts next year, leaving investors scrambling to asses how it could affect global interest rates looking ahead.Fed Chair Jerome Powell said inflation had been moving sideways this year and suggested that the bank may cut rates only twice…
It was only six months into Russia’s invasion of Ukraine when, on a balmy September evening in eastern Germany, I came across Mykhailo Mudryk shortly after midnight.This was September 2022 and Mudryk was by then an emerging talent for the Ukrainian champions, Shakhtar Donetsk. He scored and was the team’s major attacking threat in a shock 4-1 victory for Shakhtar in the opening match of their Champions League campaign against German team RB Leipzig.For Mudryk and his team-mates, the Champions League offered respite from the horrors of home. When Russian bombs landed in Ukraine in February 2022, many of Shakhtar’s…
Innodata is a little-known artificial intelligence play that investors don’t want to miss, according to Wedbush. Senior Analyst Daniel Ives initiated coverage of the data engineering stock at an outperform rating with a $48 price target. That target suggests shares can surge 40.4% over Wednesday’s closing level. Ives pointed to the Innodata’s work on custom large language models, which can be utilized by industries looking for a precession within AI that he said broadly used GPT can’t completely offer. He said these special models can instead provide sectors with unique products that are “tailored” to their nuances and challenges. “We…
Check out the companies making headlines before the bell. Micron — The chip stock plunged nearly 13% in premarket trading after the chipmaker issued weaker-than-expected second-quarter guidance. First-quarter revenue was inline with analysts’ expectations, while earnings topped estimates, however. Lamb Weston — Shares of the frozen potato maker sank 18% after posting quarterly results that fell short of estimates on the top and bottom lines. Lamb Weston posted adjusted earnings of 66 cents per share on $1.60 billion in revenue. That fell short of the EPS of $1.01 and $1.67 billion in revenue expected by analysts polled by FactSet. The company…
Russian President Vladimir Putin attends an annual televised phone-in with the country’s citizens dubbed “Direct Line with Vladimir Putin” at the Moscow’s World Trade Center studio in Moscow on June 30, 2021. Sergei Savostyanov | Afp | Getty ImagesRussian President Vladimir Putin on Thursday said that inflation is a problem facing Russia, and that the country’s economy is overheating.”There are some issues here, namely inflation, a certain overheating of the economy, and the government and the central bank are already tasked with bringing the tempo down,” Putin said in his annual “Direct Line” Q&A session with Russian citizens on Thursday, in…
A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois.Scott Olsen | Getty ImagesDarden Restaurants on Thursday reported quarterly earnings and revenue that met analysts’ expectations and better-than-expected same-store sales growth at Olive Garden and LongHorn Steakhouse.Shares of the company rose 8% in premarket trading.Here’s what the company reported, which may not compare with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $2.03 adjusted. That may not compare with the $2.02 expectedRevenue: $2.89 billion. That may not compare with the $2.9 billion expectedDarden reported fiscal second-quarter net income…
Nvidia’s star starting to rust could be a major market theme over the next year. Wall Street has some other chip plays to keep an eye on. The chip juggernaut is tracking for an eye-popping gain of more than 160% this year. Shares have soared as artificial intelligence has become a mainstream fascination in recent years. However, Nvidia has been flashing some warnings signs more recently. Shares are down more than 6% this month, and this week they entered into a correction, which is generally referred to as when a stock trades at least 10% off its all-time closing high.…
The Bank of England pictured in December 2024.Sopa Images | Lightrocket | Getty ImagesLONDON — The Bank of England on Thursday ended its last meeting of the year with a decision to leave interest rates unchanged, after U.K. inflation rose to an eight-month high.Analysts had widely expected a rate hold at the December meeting, as policymakers remain concerned with stubborn services inflation and wage growth.The BOE has already taken its key rate from 5.25% to 4.75% this year in two quarter-percentage-point moves.In a deviation from expectations, three members of the Monetary Policy Committee voted to reduce rates, while six were…
