Day: August 23, 2024
Meta says it found WhatsApp accounts linked to Iranian hackers targeting Biden and Trump
Meta said Friday that it blocked a “small cluster” of WhatsApp accounts linked to an Iranian hacking group that was targeting officials associated with President Joe Biden and former President Donald Trump. The company said in a blog post that the bogus WhatsApp accounts appeared to originate from the Iranian threat actor dubbed APT42, which […]
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Intel has hired Morgan Stanley, other advisers for activist defense
A sign is posted in front of Intel headquarters on August 01, 2024 in Santa Clara, California. Justin Sullivan | Getty Images News | Getty Images Intel is working with advisors including Morgan Stanley to help defend itself against activist investors, according to people familiar with the matter, as CEO Pat Gelsinger attempts to turn […]
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The yen is strengthening, but foreign investors are staying bullish on Japanese equities
A falling yen helped boost Japanese stocks to record levels this year, but overseas investors think there are still opportunities in those equities even as the currency begins to strengthen. For most of this year, the weak yen was a major bull case argument for foreign investors looking at the Japanese stock markets. For instance, […]
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Next week has historically been a bright spot ahead of a tough market period
There is reason for optimism heading into next week when looking at history. Going back to 1953, the S & P 500 has climbed around 0.5% during the final week of August on a median basis, according to data analyzed by Bespoke Investment Group. Looking at just the past 10 years alone, that median return […]
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RFK Jr. endorses Trump after weeks of back-channel courtship
PHOENIX — Robert F. Kennedy Jr. endorsed former President Donald Trump Friday afternoon during a lengthy speech putting to rest his tumultuous independent presidential campaign. Kennedy’s campaign first confirmed the endorsement in a court filing in Pennsylvania before he took the stage for the speech in battleground Arizona. Trump has his own event in nearby Glendale […]
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How investors can prepare for lower interest rates: It’s ‘like getting a haircut,’ advisor says
Key Points Federal Reserve chair Jerome Powell signaled on Friday that lower interest rates are ahead. It would be the first time the central bank cut rates since the beginning of the Covid-19 pandemic. Investors likely shouldn’t do much to prepare for that shift, advisors said. They can expect lower-risk assets like cash and short-term […]
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Bronfman’s Paramount bid could keep Shari Redstone involved at the company
Edgar Bronfman, Jr. Cameron Costa | CNBC Edgar Bronfman Jr.’s offer for a controlling stake in Paramount Global could keep Shari Redstone close to the company, if his bid is successful. Bronfman is open to having Redstone, currently non-executive chairman at Paramount, remain involved with the company if the Paramount special committee accepts his consortium’s […]
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Markets are now wondering whether the Fed might cut by half a point in September
With Federal Reserve Chair Jerome Powell all but confirming that an interest rate cut is imminent, the market’s attention Friday quickly turned to when and by how much. Traders continued to price in a greater likelihood that the Fed will kick off what is expected to be a protracted easing campaign in September with a […]
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Workday stock gains as software provider widens 2027 margin target
Carl Eschenbach, Co-CEO Workday, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Workday shares soared as much as 14% on Friday, one day after the finance and human resources software maker issued fiscal second-quarter results that exceeded analyst estimates and announced […]
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As the Fed gears up for rate cuts, here’s what income investors need to do
With Federal Reserve rate cuts expected to begin in September, income investors may want to make sure their portfolio is in check. On Friday at the Fed’s annual retreat in Jackson Hole, Wyoming, Chair Jerome Powell said, “The time has come for policy to adjust.” However, he didn’t specify the exact timing and the magnitude […]
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