Month: October 2024
Prosecutors seek years in prison for Trump Media insider trading Shvartsman brothers
Michael Shvartsman walks following a hearing at the Manhattan Federal Court, in New York City, U.S. July 20, 2023. Amr Alfiky | Reuters Prosecutors are asking a New York federal court judge to sentence two brothers to years in prison for their admitted insider trading in a blank-check company’s securities before it announced a planned […]
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Here’s the deflation breakdown for September 2024 — in one chart
Key Points Deflation has occurred in segments of the U.S. economy over the past year, according to the consumer price index. Some imported goods, consumer electronics, and energy and food items have seen declines in price. Deflation is rare across the broad economy, economists said. Businesses don’t typically reduce prices. Source
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U.S. crude oil on pace to eke out second weekly gain on Middle East war risk
U.S. crude oil on Friday was on pace to eke out its second weekly gain in a row as Israel prepares to retaliate against Iran. The U.S. benchmark and global benchmark Brent are ahead about 1% this week. Oil prices have gained more than 10% through Thursday’s close since Iran hit Israel with ballistic missiles […]
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Stocks making the biggest moves midday: Tesla, Wells Fargo, JPMorgan Chase, Fastenal and more
Check out the companies making headlines in midday trading: Tesla — Shares of the electric vehicle maker tumbled more than 7% after its robotaxi event underwhelmed investors . Morgan Stanley analysts noted that the event “overall disappointed expectations” due to a lack of details in several areas, including how the company is going to compete […]
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‘That’s it?’ Morgan Stanley rips Tesla robotaxi event for lack of detail
Wall Street has been fairly hot-and-cold on Tesla stock this year — and its highly anticipated robotaxi unveiling on Thursday isn’t helping to improve investor sentiment. Morgan Stanley’s Adam Jonas said he walked away particularly underwhelmed. “We were overall disappointed with the substance and detail of the presentation. As such, we anticipate TSLA to be […]
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WNBA to expand Finals to 7 games, add to regular season next year
Napheesa Collier #24 of the Minnesota Lynx scores the game winning basket during the game against the New York Liberty during Game 1 of the 2024 WNBA Finals on October 10, 2024 at Barclays Center in Brooklyn, New York. Nathaniel S. Butler | National Basketball Association | Getty Images Basketball fans will have even more […]
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Europe stocks end choppy week higher; UK economy returns to growth in August
Europe stocks follow Wall Street higher S&P 500 opens little changed The S&P 500 opened little changed Friday, but headed for a fifth consecutive winning week. The Nasdaq Composite dipped 0.3%, while the Dow Jones Industrial Average gained 140 points, or 0.3%. — Samantha Subin Siemens Energy up 3.8% Shares of Siemens Energy rose 3.8% […]
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Horst Jicha skips bail in $150 million USI Tech crypto fraud case in New York
Horst Jicha discussing cryptocurrency. Source: Team Business Global | YouTube A German national who was under home detention in New York City on a $5 million bond guaranteed by his domestic partner and children in a case in which he was charged with overseeing a $150 million cryptocurrency fraud is now a fugitive. “There’s a […]
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What internet data brokers have on you — and how you can start to get it back
D3sign | Moment | Getty Images Data brokers have long operated in the shadows of the internet, quietly amassing unprecedented amounts of personal information on billions of people across the globe, but few realize just how deep this data collection really goes. In an age where every move you make online — every click, every […]
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Ozempic is driving up the cost of your health care, whether you can get your hands on it or not
About 165 million Americans rely on employer-sponsored health insurance and yet, workers may still not get the coverage they want — particularly when it comes to drugs like Wegovy and Novo Nordisk’s diabetes drug Ozempic. One in three employees are looking for more resources to combat obesity, according to a recent report by consulting firm Gallagher. […]
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