Month: February 2025
DOJ offers new Eric Adams case dismissal justification ahead of key hearing
NYC Mayor Eric Adams speaks during a press conference with NYPD Commissioner Jessica Tisch at Bellevue Hospital Center on Feb. 18, 2025 in New York City. Michael M. Santiago | Getty Images A top Department of Justice official on Wednesday offered a new rationale for the DOJ’s controversial decision to ask a federal judge to […]
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Stocks making the biggest moves midday: Occidental, Hims & Hers, Bumble, quantum stocks and more
Check out the companies making headlines in midday trading: Analog Devices — Shares gained 8% after the semiconductor manufacturing company beat earnings and revenue expectations and management signaled a “return to growth” for the 2025 fiscal year. Analog Devices reported adjusted earnings of $1.63 per share on revenue of $2.42 billion, while analysts polled by […]
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Meta’s historic winning streak comes to an end. What the charts say happens next
Meta’s impressive 20-day winning streak rightfully drew a lot of attention — until it abruptly ended Tuesday. Ranking among the longest in history for any stock, its streak was bound to end at some point. Now that it has, the key question is: what happens next? First, let’s acknowledge the obvious—there are no clear near-term support […]
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UnitedHealthcare is offering buyouts to employees in benefits unit, could pursue layoffs, sources say
A general view outside the United Healthcare corporate headquarters on December 4, 2024 in Minnetonka, Minnesota. Stephen Maturen | Getty Images UnitedHealthcare is offering certain employees in its benefits operations unit the option to accept buyouts if they quit by March 3, following a tumultuous year for the insurance giant, CNBC has learned. Those who […]
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Forget the ‘Magnificent 7,’ buy these high-quality alternatives instead, Piper Sandler says
While the “Magnificent Seven” helped lead the market higher in 2024, accounting for more than half the S & P 500’s 23.3% gain, there are some stocks investors should eye for 2025 instead, according to Piper Sandler. “Even though the Magnificent 7 are some of the most successful companies in the world, they don’t outperform […]
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Walmart is getting a bump from a surprising cohort: Wealthier shoppers
Shoppers at a Walmart store in Secaucus, New Jersey, U.S., in March 2024. Gabby Jones | Bloomberg | Getty Images Walmart is known for its low prices and no frills approach. So it may come as a surprise that wealthier shoppers are helping to fuel the retailer’s growth. For more than two years, the discounter […]
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Aviation industry urges Congress for emergency air traffic control funding
An American Airlines Airbus A319 airplane takes off past the air traffic control tower at Ronald Reagan Washington National Airport in Arlington, Virginia, January 11, 2023 Saul Loeb | AFP | Getty Images The U.S. aviation industry on Wednesday urged Congress to approve “robust emergency funding” for air traffic control technology and staffing. Three weeks […]
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Etsy stock tumbles on revenue miss as company reports drop in number of goods sold
An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn. Victor J. Blue/Bloomberg via Getty Images Etsy missed on revenue and gross merchandise sales for the fourth quarter, with the company citing “significant headwinds,” including a pullback in consumer spending. The stock slid more than 9% in morning […]
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JetBlue talking to ‘multiple airlines’ about a new partnership
A JetBlue plane takes off from Los Angeles International Airport (LAX) on Jan. 03, 2025 in Los Angeles, California. Mario Tama | Getty Images JetBlue Airways is talking with “multiple airlines” about a potential new partnership after federal judges struck down two previous deals, the carrier’s president said Wednesday. “If we find a deal that’s accretive, we’ll absolutely do it,” JetBlue’s president, Marty St. George, […]
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Apple is running into some challenges. An options trade that pays off if the stock struggles from here
As Apple Inc. approaches its all-time high, a series of mounting challenges have emerged. I’ll review an options trade that pays off if shares of the iPhone maker remain stuck or move lower. The latest iPhone 16 has not met sales expectations, signaling a more selective consumer. Additionally, AAPL faces stiff competition in their singular […]
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