A satellite view shows an overview of Fordow underground complex, after the U.S. struck the underground nuclear facility, near Qom, Iran June 22, 2025. Maxar Technologies | Via ReutersWASHINGTON — One of the three nuclear enrichment sites in Iran struck by the United States last month was mostly destroyed, setting work there back significantly. But the two others were not as badly damaged and may have been degraded only to a point where nuclear enrichment could resume in the next several months if Iran wants it to, according to a recent U.S. assessment of the destruction caused by the military…
Author: usaeverydaylife
(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023.Saul Loeb | Afp | Getty ImagesNearly everywhere you look in the world of finance, things are going surprisingly well — at least for now.Wall Street is humming thanks to a boom in stock and bond trading and a pickup in corporations acquiring competitors and taking out massive loans. At the same time, Main Street is holding…
A number of asset managers have struggled this week as Q2 earnings have proved less than fruitful. By scanning for stocks making new three-month highs, I was able to identify one asset manager that has diverged from the rest. The charts of Apollo Global Management (APO) feature strong trend characteristics, improving relative strength, and supportive volume readings. We’re inclined to assume this uptrend has much further to go. The daily chart of APO features an inverted head and shoulders bottom pattern, formed by a major low surrounded by a higher low on each side. The key to this classic chart pattern…
A construction worker carries a sheet of OSB sheathing as he builds a roof on a residential homes in Irvine, California, U.S., March 28, 2025. Mike Blake | ReutersThe nation’s homebuilders continue to see weakening demand from potential buyers concerned about the broader economy. As a result, they are cutting prices at the highest rate in three years, according to the monthly builder confidence survey from the National Association of Home Builders.Builder confidence in July rose 1 point to 33 on the NAHB index, a slight improvement. Still, anything below 50 is considered negative sentiment. The index stood at 41 last…
FILE PHOTO: Maurene Comey, assistant U.S. attorney in the Southern District of New York, stands at a news conference announcing the upcoming arraignment of Jeffrey Epstein, who faces charges of sex trafficking of minors and conspiracy to commit sex trafficking of minors, in New York, U.S., July 8, 2019. Shannon Stapleton | ReutersThe Jeffrey Epstein prosecutor who was abruptly fired by the Justice Department as President Donald Trump comes under pressure to release files suggested Thursday that she was being targeted by a “tyrant.” “If a career prosecutor can be fired without reason, fear may seep into the decisions of…
Defense manufacturing startup Hadrian on Thursday announced the closing of $260 million Series C funding round led by Peter Thiel’s Founders Fund and Lux Capital.The machine parts company said it will use the funding to build a new 270,000 square foot factory in Mesa, Arizona, and expand its Torrance, California, location as it looks to beef up its shipbuilding and naval defense capabilities.”What we really need in this country is this quantum leap above China’s manufacturing model,” said CEO Chris Power in an interview with CNBC’s Morgan Brennan. “It’s about supercharging the worker versus replacing them.”Defense tech startups like Hadrian…
From cruise ships to telecommunications, European companies are finding ways to increasingly pivot to military contracts as they seek to cash in on a defense boom that’s sweeping the continent. Europe’s defense sector has exploded in value this year, with the industry’s publicly listed companies riding a wave of bullish sentiment that has seen some firms’ valuations more than double . The regional Stoxx Aerospace and Defense index has gained more than 50% since the beginning of the year, amid a broad push from the European Union , the U.K. , Germany and the NATO military alliance to drastically ramp…
Netflix is due to report second-quarter earnings after the closing bell Thursday.The streaming service is no longer offering investors quarterly subscriber updates, but Wall Street will be keen to hear how recent price hikes and the platform’s growing advertising tier are faring — especially as businesses across all sectors grapple with consumers tightening their purse strings.Here’s what Wall Street expects for the company’s most recent quarter: Earnings per share: $7.08, according to LSEGRevenue: $11.07 billion, according to LSEGThese results would signify earnings growth of 45% year over year and a more than 15% jump in revenue compared to the prior-year period. Netflix posted…
Wall Street is lovin’ McDonald’s newest menu item. Analysts at several firms have this week told clients that the return of the Snack Wrap — the fan favorite that was originally discontinued in 2016 — has been positive for the fast food giant. Investors hope the excitement around the product’s return will help boost sales in the new quarter and can provide a jolt for an underperforming stock. The third quarter “has gotten off to a strong start helped by the relaunch of Snack Wrap,” Evercore ISI analyst David Palmer wrote to clients in a Thursday note. U.S. same-store sales…
Check out the companies making the biggest moves midday: Steven Madden — The fashion footwear company jumped more than 5% after Citi upgraded the stock to buy from neutral. The Wall Street firm said the market is underappreciating the acquisition of UK-based Kurt Geiger, while a favorable shift towards dress shoes and away from sneakers should benefit its core business. Lucid Group — Shares of the electric vehicle maker surged 31%. That rally came after a press release Thursday morning showed at least 20,000 Lucid vehicles will be deployed over the next six years using Nuro Driver technology through Uber’s ride-sharing…
