Month: August 2024
Former New York Rep. George Santos pleads guilty to wire fraud, identity theft
Former New York Rep. George Santos pleaded guilty Monday in federal court in Long Island to committing wire fraud and aggravated identity theft. Santos, a Republican, had been set to begin trial next month on a 23-count superseding indictment accused him of wire fraud, identity theft, and making false statements to the Federal Election Commission. […]
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The stock market is on a hot streak — the kind that comes during spectacular years for returns
The S & P 500 is on track to nab its longest winning streak of 2024. Historically speaking, that has recently been a good omen for how the rest of the year will shake out. The broad index saw its eighth straight advance Monday. That is the longest string of gains since November 2023. .SPX […]
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Democrats grants special convention access to over 200 content creators
The content creator platform at the 2024 Democratic National Convention in Chicago, Ill. Democratic National Convention staff Over 200 digital content creators will attend the Democratic National Convention in Chicago this week with dedicated “creator credentials” that will grant these hugely influential, nontraditional members of the media special access to the party’s convention. “Bringing creators […]
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These high-yielding assets tend to do well in rate cutting cycles. What to know
As investors await the Federal Reserve’s first rate cut, those who are seeking income may want to consider preferred securities, according to a Bank of America analysis. The assets, which can have yields of roughly 6%, are a hybrid product that trade on exchanges like stocks but have par values and pay income like bonds. […]
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California cracks down on organized retail crime with new package of laws
Governor Newsom signed into law the most significant bipartisan legislation to crack down on property crime at a Home Depot store in San Jose, California, United States on August 16, 2024. Tayfun Coskun | Anadolu | Getty Images California Gov. Gavin Newsom has signed 10 new bills into law that aim to combat retail crime […]
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Trump Media shares hit post-merger low as DJT slump continues
Sopa Images | Lightrocket | Getty Images Shares of former President Donald Trump’s social media company on Monday touched their lowest price since they began public trading on the Nasdaq nearly five months ago after a merger. Trump Media, the company that owns the Republican presidential nominee’s preferred social messaging platform Truth Social, was trading […]
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Google IPO banker tracks two-decade journey from Silicon Valley upstart to $2 trillion
Twenty years ago, as Morgan Stanley banker Michael Grimes was helping lead the public offering for the young company behind the Google search engine, one of the most anticipated of the decade, he was among the first people offered a new email service. He had his pick of any identifier he wanted, so he asked […]
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Bounce in small caps has further to run, according to the charts
A great complement to a trend-following or momentum-based strategy is one that is counter-trend. A counter-trend strategy utilizes technical indicators, such as the stochastic oscillator, to identify when a security is becoming overbought or oversold. We see an overbought condition as a natural byproduct of positive momentum, but it eventually takes its toll. Conversely, we […]
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Stocks making the biggest moves midday: Advanced Micro Devices, HP, Sweetgreen and more
Check out the companies making headlines in midday trading. Advanced Micro Devices — The chipmaker’s stock gained more than 2%. Advanced Micro Devices announced plans to buy server builder ZT Systems in a cash-and-stock deal totaling $4.9 billion. HP — Shares slid more than 3% after Morgan Stanley downgraded the personal computing company to equal […]
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Trump to counter Harris with competing economic agenda rollout
Republican Presidential candidate former President Donald Trump speaks during a campaign rally at Mohegan Sun Arena at Casey Plaza in Wilkes-Barre, Pennsylvania, Aug. 17, 2024. Michael M. Santiago | Getty Images Former President Donald Trump is countering the kickoff of the Democratic National Convention, and Vice President Kamala Harris’ recently unveiled economic agenda, by laying […]
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