Luigi Mangione, the suspect in the killing of UnitedHealth Group chief executive Brian Thompson, appears in Manhattan Supreme Court on New York state murder and terrorism charges in New York City, U.S., Feb. 21, 2025. Curtis Means | Via ReutersLuigi Mangione pleaded not guilty Friday in New York federal court to the murder of UnitedHealthcare CEO Brian Thompson.Mangione faces a possible death sentence in the case if he is convicted in the federal case of murdering Thompson, who was gunned down on a Manhattan street in December.The 26-year-old University of Pennsylvania graduate is separately charged in New York state court with…
Author: usaeverydaylife
Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. Smith Collection/gado | Archive Photos | Getty ImagesNew rules for testing and deployment of self-driving vehicles are on the way in the state of California.The California DMV announced on Friday that it is now seeking public comment on proposed regulations that would apply to self-driving vehicles from light-duty robotaxis like Waymo’s to heavy-duty driverless trucks like those from Plus.AI.In a statement e-mailed to CNBC, a spokesperson for California DMV said the proposed regulations “offer the nation’s most comprehensive…
Before thousands lined up for a momentary glimpse of Pope Francis’s body and a chance to pay their respects, one elderly nun stood facing the pontiff’s coffin, bidding a tearful farewell to her longtime friend.A video captured the last tender moments Sister Geneviève Jeanningros shared with the man with whom she was known to be a confidante. Wearing a modest blue veil over her silver hair, Sister Geneviève stood alone and wept, rubbing her face with her hand.Sister Geneviève is a member of a Catholic religious community called the Little Sisters of Jesus, and she said she became friends with…
Check out the companies making headlines in midday trading: T-Mobile — Shares pulled back 11% after the company’s wireless subscribers for the first quarter missed Wall Street estimates. T-Mobile reported 495,000 postpaid phone additions in the first quarter, while analysts polled by StreetAccount were looking for 504,000. Alphabet — The Google parent company gained about 2% on the heels of better-than-expected first-quarter results . Alphabet reported $2.81 in earnings per share on revenue of $90.23 billion, while analysts polled by LSEG forecast $2.01 in earnings per share and $89.12 billion in revenue. Skechers — Shares fell 4.8% after the footwear…
Charles Schwab ‘s compelling earnings growth makes the stock attractive in an uncertain investing environment, according to Goldman Sachs. Analyst Alexander Blostein upgraded the financial services name to buy from neutral. His price target of $100, up from $91, implies shares stand to gain nearly 26%. Shares, which are up 7.3% this year, added roughly 1.5% in premarket trading Friday following the upgrade. “In an environment that remains highly uncertain, SCHW offers one of the best EPS growth outlooks in our space,” Blostein said in a note to clients. “While many pieces of the SCHW bull case have been in…
The Communication Services Select SPDR Fund (XLC) has a 9% weighting within the S & P 500, which is smaller than its growth sector counterparts: XLK Technology (30%) and XLY Consumer Discretionary (10%). But XLC’s future path is extremely important for the general market’s prospects. XLC is heavily driven by three major growth stocks: Meta (META) , Netflix (NFLX) and Alphabet (GOOGL) make up a combined 36% of the ETF. NFLX (which we profiled here on 4/10) has been outperforming for months and just blasted to new all-time highs after reporting earnings on 4/17. GOOGL is trading higher so far…
While Goldman Sachs predicts that foreign investors have dumped more than $60 billion worth of U.S. stocks since March, the firm sees reasons to remain calm. The bank estimated that non-U.S. traders gave up around $41 billion of American stocks on net in March, followed by another $22 billion in April. Fund flow data suggests that European investors drove the selling, while market participants from other international regions remained somewhat positive on U.S. equities. Those numbers can certainly shock investors wondering what’s next for a market that has seen wild trading in the wake of President Donald Trump’s tariff announcement…
Shipping containers at the Port of Seattle on April 16, 2025.David Ryder/Bloomberg via Getty ImagesTariffs levied by President Donald Trump during his second term would hurt the poorest U.S. households more than the richest over the short term, according to a new analysis.Tariffs are a tax that importers pay on foreign goods. Economists expect consumers to shoulder at least some of that tax burden in the form of higher prices, depending on how businesses pass along the costs.In 2026, taxes for the poorest 20% of households would rise about four times more than those in the top 1%, if the…
SoFi Technologies is a long-term earnings grower that is only getting started, according to Citizens JMP. Analyst Devin Ryan initiated coverage of SoFi with a market outperform rating and $17 price target. That forecast implies about 38% potential upside for the stock, which is down 16% this year. Ryan’s investment thesis revolves around SoFi’s growth potential, strong product cycle and profitability. Shares popped more than 5% on Friday, bringing the week’s gains to more than 17%. On Tuesday, SoFi announced it is expanding its members’ access to private market funds, which give investors exposure to privately held companies before their…
“Hey, how are you?””Hey, how’s your sore back?” “Sorry, I’m running a little late; I’ll meet you for dinner at 6:15.”If you have been on the receiving end of an increasing number of seemingly random and innocuous texts like those, you aren’t alone. And it wasn’t a wrong number. Online scammers are increasingly turned to “wrong number” message tactics, aided by AI, to trick phone users into providing access to personal information and financial accounts.Ann Nagel, who works at a college in suburban Chicago, received a text that was convincing enough to make her think she should respond.”I had actually thought…
