Day: September 20, 2024
SEC says Elon Musk should be sanctioned if he keeps dodging Twitter depositions
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | Reuters The Securities and Exchange Commission has asked a federal judge to sanction Elon Musk if he […]
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Ohio GOP Gov.: Trump’s false attacks on Springfield ‘dilute and cloud’ campaign’s border argument
A mural is displayed in an alley downtown on September 16, 2024 in Springfield, Ohio. Luke Sharrett | Getty Images Former President Donald Trump and running mate JD Vance’s unfounded claims about Haitian immigrants in Springfield, Ohio weaken the Republican Party’s border message, Ohio Governor Mike DeWine wrote in an op-ed published Friday. “The Biden […]
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Boeing’s defense unit chief Colbert is departing, CEO says
Former CEO for Boeing’s defense, space and security subdivision Ted Colbert speaks during a press conference in Dubai on Nov. 16, 2019. Karim Sahib | AFP | Getty Images The head of Boeing‘s defense unit Ted Colbert is leaving the company effective immediately, said CEO Kelly Ortberg, marking his first major executive change since he […]
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Intel shares pop on report Qualcomm has approached it about takeover
Qualcomm CEO Cristiano Amon speaks at COMPUTEX forum in Taipei, Taiwan June 3, 2024. Ann Wang | Reuters Qualcomm approached Intel about a takeover in recent days, the Wall Street Journal reported on Friday, citing people familiar with the matter. Intel shares rose 8% on the report. The deal, if it were to happen, would […]
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China-Mexico freight traffic surges in Trump, Biden tariff era, as companies find ways to evade U.S. trade war
A freight train carries cargo shipping containers in the El Paso Sector along the US-Mexico border between New Mexico and Chihuahua state on December 9, 2021 in Sunland Park, New Mexico. Patrick T. Fallon | AFP | Getty Images New data shows a surge in trade between China and Mexico at a time of tough […]
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Why Eli Lilly and Palo Alto Networks are both up on news from their competitors
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The Dow and S & P 500 were lower Friday after surging to record highs Thursday in response to the Fed cutting interest rates by […]
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With rates falling, don’t make this ‘big mistake’ with your cash
If you haven’t started moving out of cash, you may not want to wait much longer. Yields are coming down now that the Federal Reserve has started its rate-cutting cycle , decreasing the federal funds rate by half a percentage point on Wednesday. Still, there is a near record $6.3 trillion sitting in money market […]
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Secret Service blames poor planning, ‘complacency’ for its failure to stop Trump assassination attempt
Republican presidential candidate and former U.S. President Donald Trump with his bloodied face is assisted by the Secret Service as multiple shots rang out during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, U.S., July 13, 2024. Brendan Mcdermid | Reuters The U.S. Secret Service said Friday it was to blame for […]
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401(k) savers can access one of the ‘rare guarantees’ in investing, CFP says
Key Points A 401(k) match is often considered free money. Most employers offering a 401(k) plan make a matching contribution on workers’ savings. Workers may need to stay at the company for a certain number of years before the match is fully theirs, however. Source
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This power company has outpaced Nvidia, could ink next nuclear deal after Three Mile Island
It is a watershed moment in the history of the U.S. nuclear industry. Constellation Energy plans to restart the Three Mile Island nuclear plant , with operations slated to resume in 2028 subject to approval by the Nuclear Regulatory Commission. Its stock has surged nearly 20% on the news. The deep pockets of Microsoft will […]
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