Month: August 2022
Tesla hedging: New ETF gears up to attract hesitant investors
Risk-averse investors have a new option to make safer bets on Tesla. Innovator ETFs launched the Innovator Hedged TSLA Strategy ETF (TSLH) – among other defined outcome products – last month. According to the ETF’s CEO Bruce Bond, it gives investors exposure to the stock while largely steering clear of volatility and valuation risks by […]
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U.S. lawmakers arrive in Taiwan with China tensions simmering
In this photo released by the Taiwan Ministry of Foreign Affairs, from left, U.S. Democratic House member Alan Lowenthal from California, Democratic House members John Garamendi, Donald Yu-Tien Hsu, Director-General, dept. of North American Affairs, Taiwan’s Ministry of Foreign Affairs, Democratic House member Don Beyer from Virginia and Republican Rep. Aumua Amata Coleman Radewagen, a […]
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Former Deutsche Bank co-CEO Anshu Jain dies at 59
Jain Anshu, President of Cantor Fitzgerald appears on CNBC’s Squawk on the Street at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd. 2020. Gerry Miller | CNBC Anshu Jain, an Indian-born investment banker who rose to the role of co-CEO at Deutsche Bank, died last night after a long battle with cancer, […]
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Blumhouse’s ‘The Black Phone’ shows that horror, and original storytelling, has a place at the box office
Any apprehension Jason Blum had about the future of the box office has been quelled now that “The Black Phone” has surpassed $150 million at the global box office. Blum was one of many that worried lower budget films might not have a place at cinemas in the wake of pandemic theater closures. However, the […]
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Passage of Inflation Reduction Act gives Medicare historic new powers over drug prices
A pharmacist collects medications for prescriptions at a pharmacy. Simon Dawson | Bloomberg | Getty Images Medicare is poised to renegotiate the prices of some of its most expensive drugs through a historic expansion of its power, which could reduce costs for many seniors as well as federal spending on its prescription drug plan. The […]
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Trump search warrant cites statutes that carry possible multiyear prison sentences
The FBI’s search warrant targeting former President Donald Trump’s private club listed three statutes that were used to justify the seizure of boxes and documents from the property, some of them marked as top secret. Under a heading that reads “Property to be seized,” the warrant refers to: “All physical documents and records constituting evidence, […]
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Cloud stocks are rallying after a punishing start to the year as 2022 outlook brightens
Confluent Co-Founder and CEO Jay Kreps appears at the company’s sales kickoff in Las Vegas on Feb. 8, 2022. Confluent Investors looking to get into beaten-down cloud stocks at bargain basement prices may have missed their opportunity. Scanning the cloud software market, which tanked to start the year, numerous stocks have jumped 50% from their […]
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Blumhouse, studio known for highly profitable horror films, is no longer producing Mattel’s Magic 8 Ball movie
Magic 8 Ball by Mattel Source: Amazon Blumhouse is no longer a producing partner of Mattel’s planned Magic 8 Ball film. On Friday, co-founder and producer Jason Blum told CNBC that the horror production power house was no longer attached to the toymaker’s project. “We developed it for a while, but we are no longer […]
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Read the FBI’s search warrant for Trump’s Mar-a-Lago home
The first page of a search warrant approved by a U.S. District Court magistrate judge allowing the FBI to search former President Donald Trump’s Mar-a-Lago estate is seen after being released by the U.S. District Court for the Southern District of Florida in West Palm Beach, Florida, U.S. August 12, 2022. U.S. District Court | […]
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Transportation Department is losing top auto safety regulator after a few months on the job
Dr. Steven Scott Cliff, nominee to be administrator of the National Highway Traffic Safety Administration, testifies during a Senate Commerce, Science and Transportation Committee confirmation hearing in Russell Building on Thursday, December 16, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images The Department of Transportation said on Friday that Steven Cliff, the head […]
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