X Corp’s CEO Linda Yaccarino looks on during the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol in Washington, U.S., January 31, 2024. Nathan Howard | ReutersEx-X CEO Linda Yaccarino is still @lindayaX on the social media site, but she’s lost the blue checkmark next to her account name.The X Help Center notes that the site “may remove the checkmark of an account at any time without notice.”Yaccarino announced she was leaving the position on Wednesday. The blue checkmark that is bestowed upon verified, X Premium accounts is now gone.Yaccarino did not give a reason for…
Author: usaeverydaylife
Investors looking for a great entry point in municipal bonds can find it in water revenue issues, according to Nuveen. The muni market, in general, has been the worst-performing fixed-income asset class so far this year through the second quarter, said Dan Close, head of municipals at Nuveen. That has created a unique opportunity to nab the bonds at bargain prices — with yields that are approaching 10-year highs, he said. Yields move inversely to prices, so the market’s recent weakness equates to higher yields. For instance, an AA-rated water revenue bond from New York City Water Finance Authority that…
Pavlo Gonchar | Lightrocket | Getty ImagesSpace startup Varda announced on Thursday that it has raised $187 million in Series C funding, led by venture capital firms Natural Capital and Shrug Capital, to continue advancing drug manufacturing in space.The latest round included participation from Peter Thiel, Lux Capital, Khosla Ventures and Caffeinated Capital. It brought the total capital Varda’s raised to $329 million.”By expanding, we can support work on more complex molecules and ultimately increase cadence to achieve the turnaround times the pharmaceutical industry expects,” Chief Science Officer Adrian Radocea said in a press release Thursday.Follow and listen to CNBC’s “Manifest Space”…
Republican presidential nominee and former U.S. President Donald Trump speaks during a press conference at Trump Tower in New York City, U.S., September 6, 2024. David Dee Delgado | ReutersA federal appeals court in New York on Thursday upheld a civil jury verdict that found President Donald Trump liable for sexually abusing and defaming the writer E. Jean Carroll, and which ordered him to pay her $5 million in damages.A three-judge appeals panel in its unanimous ruling said it concluded that Trump “had not demonstrated that the district court” judge who presided over his trial “erred in any of the challenged…
Elon Musk (L) & Don LemonReuters (L) | Getty Images (R)Ex-CNN anchor Don Lemon’s lawsuit against tech billionaire Elon Musk and his social network X over the cancellation of their partnership can proceed to trial, a San Francisco judge ruled this week.Musk’s team had tried to get the case moved to a Texas court and tried to convince the judge to strike the complaint altogether.Attorneys for Musk and X didn’t respond to a request for comment.In an order dated July 8, Judge Harold Kahn said Lemon and his attorneys plausibly alleged, among other claims, that X and Musk had committed…
The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation, in Washington, D.C., on Jan. 26, 2022.Joshua Roberts | ReutersThe Federal Reserve is taking another step toward easing regulation for big financial institutions, this time changing the definition for a “well-managed” bank.Under a proposal put up for comment Thursday, the Fed would allow banks with one “deficient” rating to still be considered well-managed. The ratings run across three criteria: capital, liquidity and governance and controls.Rules released in 2018 say any deficiencies prevent…
Investors are hoping that the Federal Reserve will cut interest rates in 2025, but Josh Brown of Ritholtz Wealth Management says that a cut shouldn’t be on Wall Street’s radar. “A rate cut doesn’t matter,” the firm’s CEO said on CNBC’s ” Halftime Report ” on Thursday. “Nobody should be baking in any specific number of rate cuts as a means to say stocks, therefore, are 8% to 10% undervalued. That should not be the bull case – that we’re going to get accommodative policy because the employment situation is going to start to suck. The logic is completely backwards.”…
Bitcoin climbed to new all-time high on Thursday, building on its previous record reached just a day earlier, as investors jumped into risk assets and liquidated short positions.The price of the flagship cryptocurrency was last higher by more than 2% at $113,766.74. Earlier, it rose as high as $113,863.18.Over the past 24 hours, $318 million in short liquidations across centralized exchanges, according to CoinGlass. When traders use leverage to short bitcoin and the cryptocurrency’s price rises, they buy bitcoin back from the market to close their positions, which pushes the price up and causes more positions to be liquidated.Altcoins, or…
Federal Reserve Board Chairman Jerome Powell holds a news conference following a Federal Open Market Committee meeting on June 18, 2025 in Washington, DC.Win Mcnamee | Getty ImagesPresident Donald Trump’s budget chief on Thursday said that Federal Reserve Chairman Jerome Powell “has grossly mismanaged the Fed” and suggested he had misled Congress about a pricey and “ostentatious” renovation of the central bank’s headquarters.The broadside by Office of Management and Budget Director Russell Vought opened up a new front in Trump’s war of words against Powell.Trump has repeatedly called on the Fed chairman to cut interest rates, without success.”While continuing to…
Inflated used car prices as President Donald Trump’s tariffs “leave the station” could be a boon for dealer stocks, according to Morgan Stanley’s Adam Jonas. The analyst cited data from the Manheim Used Vehicle Value Index that showed prices jumped nearly 2% month-over-month in June and more than 6% year-over-year. The firm tied part of the reason for the sharp jump in prices to the effect of tariffs on sales and tight supply for both new and used cars. Other catalysts for the increase, Jonas added, were consumers opting to front load and make purchases ahead of the full implementation…
