Day: September 17, 2024
CFIUS grants Nippon Steel’s request to refile bid for U.S. Steel, source says
A tugboat pushes a barge near the United States Steel Corp. Clairton Coke Works facility in Clairton, Pennsylvania, US, on Monday, Sept. 9, 2024. Justin Merriman | Bloomberg | Getty Images CFIUS, the Committee on Foreign Investment in the United States, that is reviewing a bid by Japan’s Nippon Steel to buy U.S. Steel has granted a request from the Japanese company to refile its takeover […]
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Stock futures are little changed as Wall Street anticipates a long-awaited Fed rate cut: Live updates
A trader works, as a screen broadcasts a news conference by Federal Reserve Chair Jerome Powell following the Fed rate announcement on the floor of the New York Stock Exchange on June 12, 2024. Brendan Mcdermid | Reuters Stock futures were flat in overnight trading Tuesday as Wall Street anticipated a long-awaited rate cut from […]
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Trump Media shares sink more than 6% two days before merger ‘lockup’ period ends
Sopa Images | Lightrocket | Getty Images Shares of Trump Media closed down 6.6% on Tuesday, ending the day at $16.14 a share. The dip came just 48 hours before “lockup” restrictions that have so far barred the company’s majority shareholder, Donald Trump, and other insiders from selling their stakes, are set to expire. Until […]
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Russia goes all-out with covert disinformation aimed at Harris, Microsoft report says
Mashabuba | Getty | Getty Images The video was seen millions of times across social media but some viewers were suspicious: It featured a young Black woman who claimed Vice President Kamala Harris left her paralyzed in a hit-and-run accident in San Francisco 13 years ago. In an emotional retelling from a wheelchair, the alleged victim said […]
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Point72’s Steve Cohen is stepping back from trading his own book
Key Points Steve Cohen is retiring from the trading floor at his hedge fund Point72. Point72, which uses long/short, macro and systematic strategies, manages more than $35 billion. The firm is planning to launch a separate, artificial intelligence-focused hedge fund to capitalize on the boom. Source
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Microsoft, BlackRock form group to raise $100 billion to invest in AI data centers and power
Microsoft CEO Satya Nadella speaks during the company’s Build developer conference in Seattle on May 21, 2024. Jason Redmond | AFP | Getty Images Microsoft and BlackRock are part of a group of companies collaborating to pull together up to $100 billion to develop data centers for artificial intelligence and the energy infrastructure to power […]
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Trump, who signed SALT deduction cap into law, now vows to ‘get SALT back’
Republican presidential nominee and former U.S. President Donald Trump attends a press conference at Trump National Golf Club, in Rancho Palos Verdes, U.S., September 13, 2024. David Swanson | Reuters Former President Donald Trump on Tuesday vowed that he would “get SALT back” if reelected, apparently suggesting that he would eliminate the cap on state […]
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GOP House Speaker Johnson backs keeping some of Biden’s clean energy tax credits
Speaker of the House Mike Johnson, R-La., talks with reporters in the U.S. Capitol after the last votes of the week on Thursday, September 12, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty Images U.S House Speaker Mike Johnson said he would preserve some of the clean energy tax credits enacted under President Joe […]
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Elon Musk says SpaceX will sue FAA for ‘regulatory overreach’
SpaceX’s Polaris Dawn Falcon 9 rocket sits on Launch Complex 39A of NASA’s Kennedy Space Center as it is prepared for another attempt to liftoff on September 9, 2024 in Cape Canaveral, Florida. Joe Raedle | Getty Images Elon Musk said SpaceX will sue the Federal Aviation Administration for “regulatory overreach” after the agency planned […]
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Stocks making the biggest moves midday: Gannett, Accenture, Hewlett Packard and more
Check out the companies making headlines in midday trading: Hewlett Packard Enterprise — The tech hardware stock jumped 6% after Bank of America upgraded the stock to a buy rating from neutral. The Wall Street firm believes the stock’s valuation is now “compelling,” while highlighting a slew of positive catalysts including new Chief Financial Officer […]
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