Day: September 18, 2024
Trump Media stock closes at new postmerger low on eve of ‘lockup’ expiration
Republican presidential nominee and former U.S. President Donald Trump looks down on the day he attends a press conference at Trump National Golf Club in Rancho Palos Verdes, California, on Sept. 13, 2024. David Swanson | Reuters Shares of Trump Media closed Wednesday at a new postmerger low on the eve of the expiration of […]
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Powell downplays impact of rate cut on Trump-Harris presidential race
U.S. Vice President Kamala Harris in Milwaukee, Wisconsin, U.S. August 20, 2024 and former U.S. President Donald Trump in Bedminster, New Jersey, U.S., August 15, 2024 are seen in a combination of file photographs. Marco Bello | Jeenah Moon | Reuters Federal Reserve Chair Jerome Powell suggested that Wednesday’s larger-than-expected interest rate cut may have […]
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Harvey Weinstein hit with new sex crime charge in New York
Former film producer Harvey Weinstein appears in court in New York, U.S., September 18, 2024. Jeenah Moon | Reuters Harvey Weinstein pleaded not guilty Wednesday to a new sex crime charge in New York, as he awaits retrial in his landmark #MeToo case. Details of the new allegations were not immediately available. He was charged with […]
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Teamsters union says it will not endorse Harris or Trump in 2024 presidential election
Sean O’Brien, president of the International Brotherhood of Teamsters, speaks to UPS Teamsters during a picket ahead of an upcoming possible strike, outside of a UPS Distribution Center in Brooklyn, New York, July 14, 2023. Brendan McDermid | Reuters The International Brotherhood of Teamsters on Wednesday announced it will not formally endorse a candidate in […]
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Elon Musk’s X ‘declined to send an appropriate witness’ to Senate hearing on election threats
As the riots raged in the U.K., Elon Musk began making incendiary comments about the situation, including the statement: “Civil war is inevitable.” Musk is the owner of X, the social media platform formerly known as X. Aytug Can Sencar | Anadolu | Getty Images While top executives from Alphabet, Meta and Microsoft are headed […]
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Gold has rallied ahead of Fed rate cuts. Here’s why there could still be more upside
The start of a Federal Reserve rate-cutting cycle often coincides with a rally for gold, but investors might be surprised to find out that the upward move has already been going on all year. Spot gold entered Wednesday up nearly 25% in 2024, outpacing the S & P 500 and Nasdaq Composite . The Fed […]
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Bitcoin whipsaws after Fed cuts interest rates for the first time in four years: CNBC Crypto World
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Tyrone Ross […]
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YouTube announces AI features from Google DeepMind for Shorts creators
Veo in Dream Screen YouTube YouTube on Wednesday announced artificial-intelligence features for creators on its Shorts platform that tap into Google‘s DeepMind video-generation model. The features, known as Veo, will allow creators to add AI-generated backgrounds to their videos as well as use written prompts to generate standalone, six-second video clips. YouTube CEO Neal Mohan […]
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The Fed forecasts lowering rates by another half point before the year is out
U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., July 31, 2024. Kevin Mohatt | Reuters The Federal Reserve projected lowering interest rates by another half point before the end of 2024, and the central bank […]
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These are the stocks that do best immediately after the first Fed rate cut of a cycle
The Federal Reserve just cut rates by a half point. CNBC Pro took a look at what stocks historically do best immediately after the start of an easing cycle. The Fed’s decision to cut interest rates has the potential to bolster several individual names, if history is any indication. CNBC Pro searched for the stocks […]
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