By STAN CHOE AP Business WriterNEW YORK — U.S. stocks rose closer to their records and closed out their best week of the year as hopes built for a big rate cut next week. The S&P 500 rose 0.5% Friday to climb within 0.7% of its all-time high reached in July. The Dow Jones Industrial Average added 0.7%, and also traded close to its own record high. The Nasdaq composite rose 0.7%. Stocks got support from the bond market, where Treasury yields eased ahead of next week’s meeting of the Federal Reserve. Traders are rekindling hopes the Fed may deliver…
Author: user
Dover Advisors LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 6.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 22,746 shares of the information services provider’s stock after buying an additional 1,313 shares during the quarter. Alphabet accounts for approximately 2.6% of Dover Advisors LLC’s holdings, making the stock its 5th biggest holding. Dover Advisors LLC’s holdings in Alphabet were worth $4,143,000 as of its most recent filing with the SEC. Other hedge funds and other institutional investors also recently modified their holdings of the company. MorganRosel Wealth Management LLC boosted its position in…
News coming from Rocket Lab USA (NASDAQ: RKLB) tilted heavily toward the positive over the last five trading days. That inspired market players to buy the company’s stock, to the point where it notched a convincing double-digit gain. According to data compiled by S&P Global Market Intelligence, Rocket Lab’s shares rocketed (sorry) more than 28% higher over the course of the week.A top manager is about to take officeOn Tuesday, Rocket Lab announced a major change in its C-suite. The company said it hired a new COO, Frank Klein, and is wasting little time installing him in the new position.…
EXCLUSIVE: Is systemic racism still a thing?The short answer is yes. And for the long answer, well, that’s something that Jason George and Todd Grinnell are unpacking in a video from Hollywood, Health & Society and USC Annenberg’s Norman Lear Center, which Deadline is debuting exclusively.More from Deadline“[Racism is] still baked into our society, certainly on a personal level, but on a systemic level, these laws that were created after slavery was abolished to keep former slaves from being able to advance in society, were baked in to our systems, and still are there,” Kate Folb, director of Hollywood, Health & Society,…
Last weekend’s DUI checkpoint in Milford proved successful for Delaware State Police.State police said 11 total arrests and one seat belt assessment occurred as a result of the checkpoint, which was set up between 10 p.m. Friday, Sept. 6, and 2 a.m. Saturday, Sept. 7.Four of those arrests were DUI arrests. There was an arrest of a wanted person and an arrest on drug charges, according to police, as well as five other traffic arrests.It was the first DUI checkpoint in Delaware since 2019.Drivers over the age of 21 with a blood alcohol content of 0.08 or more can be…
Key takeawaysNavient is a student loan servicer for private student loans and FFELP loans.The company stopped servicing federal student loans in December 2021.As of January 2024, Navient has announced it will be transferring the rest of its student loan servicing portfolio to MOHELA.Borrowers who still have accounts with the lender should keep their contact information updated to ensure they don’t miss out any crucial communication regarding the transfer and new account details.Breaking news: Navient banned from federal student loan financingUnder a settlement reached by Navient and the Consumer Financial Protection Bureau (CFPB) on Sept. 12, 2024, the servicer is now…
Keeping the main thing the main thing is generally sound advice. And as it pertains to Miami Dolphins Pro Bowler Tua Tagovailoa, who’s now suffering from at least his third concussion in the past two years after getting knocked out of Thursday night’s loss to the Buffalo Bills, the focus should be on his immediate and long-term health.Reporters asking sleep-deprived Mike McDaniel for updates about his quarterback’s well-being Friday morning – while floating various football scenarios – attempted to tread respectfully as the head coach tried to suppress any frustration while acknowledging the import of such questions, which admittedly seemed…
By Jason Morris, CNN Atlanta (CNN) — The special prosecutor appointed to investigate Georgia Lt. Gov. Burt Jones’ role as a fake elector after the 2020 election announced he will not move forward with criminal charges against the former state senator. Jones is one of 16 Republican fake Trump electors who signed on to the “unofficial electorate certificate” at Georgia’s state capital in December 2020 in a plan to subvert the Electoral College after that year’s presidential election. Jones had been a target of Fulton County District Attorney Fani Willis in her investigation that led to a sprawling racketeering election…
The Federal Reserve has played a key role in the roller coaster nature of the housing market since 2020. After a period of hiking and then holding rates that kept home sales muted, the Fed is set to return to rate cuts this month.When that happens, what will happen to the housing market?How will Fed cuts affect the housing market? The housing market could benefit from a Fed rate cut, which is all but certain to happen when policymakers meet on Sept. 17 and 18.“Fed interest rate cuts in general will bring about lower [mortgage] rates, which is a definite…
The Florida Gators won two championships with Urban Meyer and Tim Tebow in 2006 and 2008.The team was also known for many legal troubles and is now featured in a new Netflix docuseries.Below, a look at the biggest names from the team and series and where their careers went next.The Florida Gators won two championships with Urban Meyer and Tim Tebow in 2006 and 2008 and now that story is being told in Netflix’s latest “Untold” docuseries, “Swamp Kings.”While the team launched several big names to greatness — Tim Tebow, Urban Meyer, etc. — it was also plagued by a…