Month: October 2024
Israel targets Hezbollah intelligence headquarters in Lebanon; Iran says it will not back down
The Dome of the Rock on the Al-Aqsa compound, also known to Jews as the Temple Mount is seen as projectiles fly through the sky, after Iran fired a salvo of ballistic missiles at Israel, as seen from Jerusalem October 1, 2024. Jamal Awad | Reuters Israel said it had targeted the intelligence headquarters of Hezbollah in Beirut and […]
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Venture capitalist Ben Horowitz says he plans to donate to VP Kamala Harris’ campaign
Ben Horowitz (right), Andreessen Horowitz partner talks about artificial intelligence and jobs at the TANIUM CONVERGE16 conference San Francisco. Harriet Taylor | CNBC Less than three months after announcing plans to contribute to political action committees supporting Donald Trump’s presidential campaign, venture capitalist Ben Horowitz says he’s donating to Vice President Kamala Harris’ election bid, CNBC […]
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Jim Cramer’s week ahead: CPI data and earnings from Delta, Domino’s and major banks
CNBC’s Jim Cramer reviewed next week’s top market-moving action, highlighting new consumer price index data and a slew of earnings reports as the season begins, including ones from Delta, Domino’s and several major banks. He also noted the stocks rally on Friday as Wall Street celebrated better-than-expected job creation last month. “A market that appreciates […]
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Buttigieg claps back at Elon Musk for false claims about Helene federal response
Transportation Secretary Pete Buttigieg spoke directly to Elon Musk Friday on the billionaire’s X platform, part of an effort to counter false conspiracies about federal disaster aid for victims of Hurricane Helene that Musk spread on X, where his follower count stands over 200 million. “No one is shutting down the airspace and FAA doesn’t […]
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Rio Tinto in talks to buy lithium miner Arcadium, sources tell Reuters
Jakob Stausholm, chief executive officer of Rio Tinto Ltd., during a Bloomberg Television interview in New York, US, on Thursday, Sept. 26, 2024. Victor J. Blue | Bloomberg | Getty Images Rio Tinto has been holding talks to buy lithium miner Arcadium, three sources with direct knowledge of the negotiations said, a deal that would make […]
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Spirit tumbles to record low on report it’s exploring a bankruptcy filing. Here’s how it got here
A Spirit commercial airliner prepares to land at San Diego International Airport in San Diego, California, U.S., January 18, 2024. Mike Blake | Reuters Spirit Airlines shares tumbled to a record low on Friday after a report that it’s exploring Chapter 11 bankruptcy protection. The carrier faces a deadline this month to renegotiate more than […]
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China play Las Vegas Sands is one of the most overbought names on Wall Street. Here are the others
Stocks that rode the China stimulus wave higher this week could soon be due for a decline. Last week, the People’s Bank of China unveiled a slate of support measures , including cutting the amount of cash banks need to hold, in an effort to bolster the country’s weakening economy. China stocks have been on […]
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Stock market next week: Investors wonder what’s to come after tumultuous October start
The rocky start to October trading has left Wall Street wondering what can boost stocks in the near-term. The three major averages eked out modest gains after a wobbly week. The Dow Jones Industrial Average and Nasdaq Composite each added 0.1% on the week, while the S & P 500 rose 0.2%. Stocks struggled this […]
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Zillow adds climate risk data to home listings as threats rise
Insured losses for Hurricane Helene are now estimated at over $6 billion, but the uninsured losses are far higher. That’s because the vast majority of homes impacted by the storm, especially in hard-hit North Carolina, did not have flood insurance. New risk-assessment technology is designed to help change that for the future. Most homeowners in […]
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Biden discourages Israel from striking Iran’s oil industry, crude posts best week in more than year
U.S. crude oil on Friday posted its biggest weekly gain in more than a year, as traders fear Israel could strike Iran’s crude facilities in retaliation for Tehran’s ballistic missile attack. U.S benchmark West Texas Intermediate surged 9.09% this week for the biggest weekly gain since March 2023. Global benchmark Brent jumped 8.43% for the […]
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