Anna Barclay | Getty ImagesTrump Media shares on Wednesday closed below where they stood at the end of 2023, as the Truth Social maker’s stock continued to slide ahead of the date when majority-owner Donald Trump can begin selling his stake.The DJT slump, which followed a brief surge in mid-July spurred by the former president surviving an assassination attempt, has shaved billions of dollars off the company’s market capitalization.Trump Media ended the trading day at $16.98 per share, a 6% decline on the day.The stock has fallen more than 75% from its intraday peak of $79.38 per share, which it…
Author: usaeverydaylife
It was about as close as an FA Cup-winning manager has come to a mic drop.In a room of journalists who had spent the previous few days reporting on his bosses’ plan to replace him, a bruised, embattled but belligerent Erik ten Hag defended his record as manager of Manchester United.“Two trophies in two years is not bad,” he said. “Three finals in two years is not bad. If they don’t want me, then I go somewhere else to win trophies because that is what I do.”It was a good line, worth repeating, which he did. After Ten Hag’s contract…
Headwinds have been emerging in the consumer space, which may have some investors wondering about the impact on asset-backed securities. The securitized products, known as ABS, are backed by a pool of income-generating assets such as auto loans or credit card receivables. Investors have been turning to them for their attractive yields. The ICE BofA U.S. Fixed Rate Asset Backed Securities Index, which tracks the performance of U.S. investment grade asset-backed securities, currently has an effective yield of 5.12%, per FactSet. Consumers are still spending money, with retail sales in July increasing 1% from the previous month, according to Commerce…
Law enforcement and first responders assess the situation at Apalachee High School in Winder, Georgia, on September 4, 2024, after a shooting was reported. Christian Monterrosa | AFP | Getty ImagesAt least four people were killed and nine others were wounded in a school shooting an hour outside of Atlanta on Wednesday, according to the Georgia Bureau of Investigation.One suspect was alive and taken into custody following the gunfire at Apalachee High School, officials said.Barrow County Sheriff Jud Smith confirmed there were “multiple injuries” at a news conference. He declined to provide more information, saying it would take “multiple days” to determine what happened.”Every…
Mustafa Suleyman, co-founder and chief executive officer of Inflection AI UK Ltd., speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesLONDON — Microsoft’s hiring of employees from Inflection AI, the artificial intelligence startup started by DeepMind co-founder Mustafa Suleyman, has been cleared by the U.K.’s competition regulator and will not face an in-depth competition investigation in the country.The Competition and Markets Authority said in a statement Wednesday that the U.S. tech giant’s deal to acquire “certain assets” from Inflection does count as a “relevant merger situation” in Britain, but that…
For the third consecutive summer, The Athletic polled some of the NFL’s most prominent decision-makers to get a feel for their expectations this season.Twenty-seven coaches and executives were asked the same seven questions throughout training camp and the preseason. They voted on the condition of anonymity, and some abstained from certain questions.Let’s get to the results.Who will win MVP? (26 votes)This question has been asked in all three annual surveys, and this was the most lopsided result ever.Patrick Mahomes, coming off his third Super Bowl victory, proved last season he can overcome adversity and elevate his team as well as…
Ryan Reynolds and Hugh Jackman star in Marvel’s “Deadpool & Wolverine.”DisneyBox office analysts and cinema owners braced themselves a few months ago for the possibility that the summer movie season could be the worst showing in a decade.Thanks to some anthropomorphic emotions and a bad-mouthed, fourth-wall breaking antihero, the domestic summer box office scraped together $3.6 billion in ticket sales. While that’s a 10% drop from the same period in 2023, it’s a markedly better outcome than anyone in the industry was expecting.”In the wake of the $4 billion ‘Barbenheimer’-powered summer of 2023, expectations heading into May were tempered as…
Analysts are broadly optimistic on Apple – but they’re not expecting its upcoming product launches to rescue the stock or boost demand all of a sudden. Several Wall Street firms reiterated their stances on Apple stock ahead of the tech titan’s “It’s Glowtime” event on Sept. 9, when the company is expected to launch its iPhone 16 . Analysts also expect the tech giant to highlight its artificial intelligence capabilities through its “Apple Intelligence” software, which should be available to the public later this year rather than alongside the new iPhone hardware. Indeed, on Tuesday UBS analyst David Vogt and…
United States Steel Mon Valley Works Clairton Plant and Clairton Coke Works facility in Clairton Pennsylvania, Monday, September 11, 2023.Thomas O’Neil | Nurphoto | Getty ImagesU.S. Steel shares tumbled nearly 18% on Wednesday as the White House is reportedly preparing to block the company’s sale to Japan’s Nippon Steel.People familiar with the matter told the Washington Post that President Joe Biden was preparing to announce that he will block the $14.9 billion deal. Vice President Kamala Harris, the Democratic presidential nominee, said U.S. Steel “should remain American-owned and American-operated” during a campaign event in Pittsburgh Monday. U.S. Steel CEO David…
CFOTO | Future Publishing | Getty ImagesSpot bitcoin exchange-traded funds had their worst day in over four months on Tuesday as investors pulled some of their money alongside a broader market selloff.More than $287 million was withdrawn from the 11 U.S.-listed ETFs, the biggest day for outflows since May 1, according to Farside Investors data. The funds hit the market in January, following a ruling by the SEC that allowed financial firms to package bitcoin into ETFs, the same way they do for stocks and bonds.Fidelity led redemptions, with investors on Tuesday selling more than $162 million worth of shares…
