Month: November 2024
Palantir jumps 9% to a record after announcing move to Nasdaq
Alex Karp, CEO of Palantir Technologies speaks during the Digital X event on September 07, 2021 in Cologne, Germany. Andreas Rentz | Getty Images Palantir shares continued their torrid run on Friday, soaring as much as 9% to a record, after the developer of software for the military announced plans to transfer its listing to […]
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Major Trump Media shareholder ARC Global unloads nearly all DJT stock
Omar Marques | Lightrocket | Getty Images One of the top shareholders of President-elect Donald Trump’s media company has unloaded nearly his entire stake, a regulatory filing showed. The Thursday night disclosure to the U.S. Securities and Exchange Commission showed that financial firm ARC Global Investments II and its manager, Patrick Orlando, no longer own […]
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SpaceX president says ‘there is plenty of room for competition,’ as Starlink nears 5 million customers
SpaceX President and Chief Operation Officer Gwynne Shotwell speaks during the NASA Commercial Crew Program (CCP) astronaut visit at the SpaceX headquarters in Hawthorne, California, U.S., on Monday, Aug. 13, 2018. Bloomberg | Bloomberg | Getty Images SpaceX’s second-in-command urged on rivals in comments Friday, describing competition as healthy for Elon Musk’s space company. “I […]
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Trump Defense pick Hegseth investigated in 2017 for alleged sex assault; no charges filed
Pete Hegseth, host of Fox & Friends, at the National Council of Young Israel Gala in New York City. Michael Brochstein | SOPA Images | Lightrocket | Getty Images Police in California investigated Fox News host Pete Hegseth — who was picked this week by President-elect Donald Trump to be the next Defense Department secretary […]
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Disney is turning record parks profits — even before its big expansions
People walk in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty Images All is well in the Magic Kingdom. Disney’s theme park division posted record revenue and profit in fiscal 2024, with revenues rising 5% for […]
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How we’re thinking about Eli Lilly after Trump picked obesity-drug critic RFK Jr. to run HHS
Enthusiasm for Club holding Eli Lilly needs to be tempered — at least for now — as Wall Street grapples with the possibility of a major shakeup to health policy in Washington. The news Republican President-elect Donald Trump on Thursday nominated prominent vaccine skeptic and obesity-drug critic Robert F. Kennedy Jr. to lead the Department […]
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Democratic senators call for probe into Musk’s Russia calls: Reuters
Elon Musk wears a black “Make America Great Again” cap while attending a campaign rally with Republican presidential nominee and former President Donald Trump at the Butler Farm Show fairgrounds in Butler, Pennsylvania, on Oct. 5, 2024 (L), and Russian President and presidential candidate Vladimir Putin visits his campaign headquarters in Moscow on March 18, […]
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U.S. companies could be caught in the crosshairs if China retaliates to fight Trump
With President-elect Donald Trump’s trade and foreign policy team taking a hawkish stance toward China, U.S. companies are increasingly concerned a hard-line approach could stunt their prospects in the world’s second-largest economy – and turn them into targets of Chinese retaliation. Trump has threatened to hit China with at least 60% tariffs and vowed to […]
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Stocks making the biggest moves midday: Palantir, Moderna, Ulta Beauty, Alibaba and more
Check out the companies making headlines in midday trading. Global pharma stocks — Shares of several vaccine makers declined after President-elect Donald Trump selected prominent vaccine skeptic Robert F. Kennedy Jr. as health secretary on Thursday. Shares of Moderna and Pfizer slipped nearly 9% and 5%, respectively. BioNTech , which helped develop a Covid vaccine with […]
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Here are value investor David Einhorn’s latest moves: Gold, Peloton and agriculture
David Einhorn’s Greenlight Capital this week revealed a fresh stake in agriculture equipment maker CNH Industrial , and increased its bets on Peloton Interactive and gold in the third quarter. The hedge fund, which Einhorn founded in 1996, disclosed in its latest regulatory filing that it took a roughly $79 million stake in CNH during […]
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