Day: August 12, 2024
Tuesday’s big stock stories: What’s likely to move the market in the next trading session
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 14, 2024. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in […]
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Podcast: Japan’s quest for the most powerful microchip leads semiconductor revival
In the 1980s, Japan was the dominant player in the semiconductor market. But huge shifts in the way the chip supply chain operated eroded that leading-edge. Countries like Taiwan with TSMC, the world’s largest and most advanced semiconductor manufacturer, began to dominate in the production of chips. The U.S. is key in areas like design. […]
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‘We haven’t seen the bottom in this correction’: Dan Niles names 2 tech stocks to ride out a potential recession
Hedge fund manager Dan Niles is betting on Apple and Meta Platforms as two stocks that can ride out a potential U.S. recession. Niles, who runs an actively managed fund of 20 to 40 large-cap U.S. stocks at Niles Investment Management , stressed that while a recession is not his base case scenario, investors should […]
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Harris economic policy draws on Biden White House alums Brian Deese, Mike Pyle
US Vice President and Democratic presidential candidate Kamala Harris speaks during a campaign rally at the Thomas and Mack Center, University of Nevada in Las Vegas, Nevada, on August 10, 2024. Ronda Churchill | Afp | Getty Images Economist Brian Deese has begun advising Vice President Kamala Harris as she develops her economic policy plan, […]
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Trump plans to file a $100 million lawsuit against the Justice Department over Mar-a-Lago search and ‘witch hunts’
Republican presidential nominee, former U.S. President Donald Trump walks toward the stage to speak at a rally at the Brick Breeden Fieldhouse at Montana State University on August 9, 2024 in Bozeman, Montana. Michael Ciaglo | Getty Images News | Getty Images An attorney for former President Donald Trump has filed a legal notice announcing that his […]
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An earthquake with a magnitude of 4.4 has struck the Los Angeles area, the USGS says
A 4.4 Magnitude earthquake shoot the Los Angeles area on Aug. 12th, 2024 USGS An earthquake with a magnitude of 4.4 has struck the Los Angeles area, the U.S. Geological Service said Monday. People reported feeling it strongly across the Los Angeles area. A medical building shook and residents said glasses and dishes rattled in […]
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SpaceX repeatedly polluted waters in Texas this year, regulators found
SpaceX’s Starship launches its fourth flight test from the company’s Boca Chica launchpad, designed to eventually send astronauts to the moon and beyond, near Brownsville, Texas, U.S. , in this handout picture obtained on June 6, 2024. Spacex | Via Reuters Elon Musk’s SpaceX violated environmental regulations by repeatedly releasing pollutants into or near bodies […]
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Benchmark’s Daniel Kurtis talks how to position in travel stocks
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Daniel Kurtis, Benchmark media and Internet analyst, joins ‘The Exchange’ to discuss how investors could position their travel stocks, Expedia, consumer impact on travel, and more. Source
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European Commission warns Elon Musk ahead of Trump interview to keep hate speech off X
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images The European Commission on Monday warned X Corp. owner Elon Musk and CEO Linda Yaccarino that the company may […]
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S&P 500 may struggle in the next two months, according to history of past volatility spikes
Investors could be in for a rough time the next two months, if the history of volatility spikes is any indication, according to Bank of America Securities. Bank of America found that the S & P 500 typically is lower two months after the Cboe Volatility Index (VIX) spikes above 45. Wall Street’s so-called fear […]
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