Day: October 18, 2024
After a well-received quarter, Cramer explains why he thinks Netflix can ‘rock on higher’
After a siding with the bulls in the run-up to Netflix‘s latest earnings report, CNBC’s Jim Cramer explained why the quarter made him more optimistic about the company’s future, saying he was impressed by management’s outlook and commentary about content. “If you were worried about Netflix not having enough levers to pull in order to […]
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Trump again refuses to release current health records, as Harris questions his fitness
Republican presidential nominee, former U.S. President Donald Trump, addresses the media as he arrives at Detroit Metropolitan Wayne County Airport on October 18, 2024, in Detroit, Michigan. Win Mcnamee | Getty Images Donald Trump on Friday dismissed more questions about whether he would release his current medical records, doubling down on refusing to provide a […]
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Port of Los Angeles freight rail delays reach two-year high, with holiday and everyday items piling up
A freight engine and shipping containers are viewed in a Union Pacific Intermodal Terminal rail yard on November 21, 2022 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images Record imports over the last several months at West Coast ports, driven by the recent East Coast and Gulf Coast strike diversions […]
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BlackRock’s ETF chief says 75% of its bitcoin buyers are crypto fans new to Wall Street
Marquee at the main entrance to BlackRock headquarters building in Manhattan. Erik Mcgregor | Lightrocket | Getty Images SALT LAKE CITY — A year ago, Samara Cohen believed there was so much pent-up demand for bitcoin that she and her team at BlackRock launched one of the first-ever spot bitcoin exchange-traded products in the U.S. […]
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Spirit Airlines extends debt refinancing deadline hours before expiration
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Brandon Bell | Getty Images Spirit Airlines on Friday said it reached an agreement with its credit card processor to again extended a debt refinancing timeline to December, hours before it was set […]
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Earnings next week will determine whether stocks still have further to run
Earnings next week will be key to where stocks head from here. There will be a significant jump in the number of companies set to report third-quarter results in the days ahead. While roughly one-tenth of S & P 500 companies reported over the past week, about 20% of the broader index plans to report […]
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Power goes out on the entire island of Cuba, leaving 10 million people without electricity
People wait for transportation at a bus station in Matanzas, Cuba, on October 18, 2024, during a nationwide blackout caused by a grid failure. Antonio Levi | AFP | Getty Images Electricity went out on the entire island of Cuba on Friday, affecting its population of 10 million after one of its main power plants failed, according […]
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U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark
The U.S. Treasury building in Washington, D.C., on Aug. 15, 2023. Nathan Howard | Bloomberg | Getty Images The Biden administration rang up a budget deficit topping $1.8 trillion in fiscal 2024, up more than 8% from the previous year and the third highest on record, the Treasury Department said Friday. Even with a modest […]
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Trump calls election case Judge Tanya Chuktan ‘the most evil person’
Courtroom sketch depicting Judge Tanya Chutkan in an exchange with Donald Trump’s lawyers. Donald Trump on Friday called the judge presiding over his criminal election interference case in Washington, D.C., “the most evil person” for ordering the release of nearly 1,900 pages of previously sealed documents filed by prosecutors. Trump suggested U.S. District Court Judge […]
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Here’s something for the bulls to celebrate over the next 10 weeks
If the stock market finishes October with returns similar to those already recorded since April, historical data shows there is even more upside on the horizon. Nerad + Deppe Wealth Management’s Steve Deppe found 12 other examples since 1950 when the S & P 500 ended October with a six-month trailing return above 10%. The […]
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