Month: August 2024
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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Stocks making the biggest moves midday: JetBlue, Hawaiian Electric, KeyCorp, Monday.com and more
Check out the companies making headlines in midday trading: JetBlue — Shares sank 13% after the airline said it plans to sell $400 million of five-year convertible senior notes. Hawaiian Electric Industries — Shares plummeted more than 16% after the utility said it does not yet have a financing plan for the $1.7 billion Maui […]
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Equinox Group-owned gym chain Blink Fitness files for bankruptcy
Blink Fitness location in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Blink Fitness, a budget-friendly gym chain owned by luxury fitness company Equinox Group, has filed for Chapter 11 bankruptcy. The low-cost fitness brand, with more than 100 centers in the U.S., is the latest chain to seek bankruptcy post-pandemic, […]
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Three-year inflation outlook hits record low in New York Fed consumer survey
People shop at a grocery store in Brooklyn on July 11, 2024 in New York City. Spencer Platt | Getty Images Consumers grew more confident in July that inflation will be less of a problem in the coming years, according to a New York Federal Reserve report Monday that showed the three-year outlook at a […]
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Expedia CEO on Q2 results: Seeing softness and slight trade down in U.S. hotel space
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Ariane Gorin, Expedia CEO, joins ‘Squawk on the Street’ to discuss the company’s quarterly earnings results, where consumers are trading down, and where the weakness in the consumer is coming from. Source
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Musk embraces Trump and scorns subsidies. But Tesla still lobbies for US benefits
Elon Musk, chief executive officer of Tesla Inc., right, at the US Capitol in Washington, DC, US, on Wednesday, July 24, 2024. Samuel Corum | Bloomberg | Getty Images When Elon Musk endorsed Donald Trump for president last month, the Tesla founder and chief executive backed a candidate who vows to “drill, baby, drill,” “end […]
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