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.Steven Hirsch | Via ReutersLawyer for Luigi Mangione on Friday asked a federal judge in New York to block prosecutors from seeking to impose the death penalty if he is convicted of murdering UnitedHealthcare CEO Brian Thompson.Mangione’s attorneys said U.S. Attorney General Pam Bondi had violated his rights to due process by abandoning normal procedures for seeking the death penalty, and that Bondi had prejudiced the…
Author: usaeverydaylife
A shift in the atmosphereMs. Petrova’s return flight from Paris landed in Boston on the evening of Feb. 16. As the plane sat on the tarmac, she texted back and forth with Dr. Peshkin, trying to confirm how she should handle the package in customs. But by then, the passengers were already filing off the plane, he said, and Ms. Petrova cut short the conversation.At first, Ms. Petrova said, her re-entry felt normal. At passport control, an officer examined the J-1 visa that Harvard had sponsored, identifying her as a biomedical researcher. The officer stamped her passport, admitting her to…
Wells Fargo on Friday morning reported a mixed first quarter with misses across key revenue lines, offset by lower expenses and better provisions. While the economic outlook remains cloudy due to tariffs and trade wars, we’re willing to look through these results because of a key catalyst on the horizon. Total revenue for the three months ended March 31 fell 3.4% year over year to $20.15 billion — missing analysts’ expectations of $20.75 billion, according to market data provider LSEG. Earnings per share of $1.39 per share exceeded Wall Street’s consensus estimate of $1.24 per share, LSEG data showed. On…
Stocks with less inherent exposure to an economic slowdown could be a good addition to investors’ portfolios as global trade worries increase, according to Jefferies. The market has taken investors on a roller-coaster ride this week, with Thursday’s session wiping out a sizable chunk of Wednesday’s historic rally . The volatility is not expected to subside anytime soon either, as a timeline on the progress of U.S. trade negotiations remains uncertain, as does the economic effect that a trade war could bring about. “The current macro backdrop calls for a different tack than the classic cyclicals vs. defensives or straightforward…
The roller-coaster ride the stock market has been on is unlikely to end next week, with earnings ramping up in an environment where investors, companies and consumers have absolutely no certainty as to what will happen next with trade. Wall Street is about to wrap up one of its wildest weeks of trading ever, that on Wednesday resulted in the S & P 500 posting its biggest one-day gain since 2008 , and its third-largest advance in post-WWII history. That followed a four-day losing streak for stocks, in which the broad market index tumbled 12% in a bout of selling…
A United Launch Alliance Atlas V rocket is on the launch pad carrying Amazon’s Project Kuiper internet network satellites, which are expected to eventually rival Elon Musk’s Starlink system, at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S., April 9, 2025. Steve Nesius | ReutersIn a social media post last month, Elon Musk had a message for Poland’s foreign minister, who had suggested that his country would seek alternatives to SpaceX’s Starlink if the satellite internet service “proves to be an unreliable provider.””Be quiet, small man,” Musk wrote on March 9, in response to the comment from Radoslaw…
Investors should be selling into market strength until further notice, according to Bank of America’s top market expert. With investors on edge over President Donald Trump’s tariffs and all of their ramifications, the best bet is to wait for policymaker action before putting more money to work, said Michael Hartnett, the bank’s chief investment strategist. Bank of America’s recommendation is to “sell the rips,” Hartnett said in his weekly client note looking at money flows on Wall Street. Further, he advocates being long on the 2-year Treasury note despite the recent jump in yields and going short the S &…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Wall Street’s wild week: Stocks rallied Friday as investors tracked the latest developments in the U.S.-China trade war. The White House on Friday afternoon signaled that it’s hopeful China will seek a deal with the U.S. That comment follows Beijing earlier Friday raising its tariffs on the U.S. to Friday to 125% from 84%, in response to President Donald Trump upping the duty rate on Chinese imports to 145%. These are…
(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) Large-cap pharmaceutical manufacturer AbbVie (ABBV) is judged to be an excellent opportunity on the long side, here and now, having sold off some 25%, right to a level of support where rebound potential is high. And on the fundamental side of things, this defensive/low-volatility stock boasts: A lower beta than the market: 0.56 vs. the SPX beta of 1.0 A lower 12-month forward P/E than the market: 14.1 vs. the SPX’s 17.5 A higher dividend yield than the market: 3.78% vs. 1.43% We’re buyers here. Our price objective is…
The average rate on the popular 30-year fixed mortgage surged 13 basis points Friday to 7.1%, according to Mortgage News Daily. That’s the highest rate since mid-February.Mortgage rates have been on a roller coaster ride all week, as bond yields spiked higher mid-week when President Donald Trump’s new tariffs on dozens of countries went into effect. Yields dropped when Trump lowered the tariff rate on most countries hours later. Tariffs on Chinese imports, however, currently stand at 145%. But bonds began selling off again Friday, despite a cooler-than-expected inflation report. Mortgage rates follow loosely the yield on the 10-year Treasury.”There…
