NEW YORK — (AP) — U.S. stocks closed out their best week of the year with more gains on Friday and climbed to the cusp of their records.The S&P 500 rose 0.5% for a fifth straight gain and is just 0.7% below its all-time high set in July. Rallies for Microsoft, Broadcom and other big technology stocks helped it claw back almost all its losses from last week, which was its worst in nearly 18 months.The Dow Jones Industrial Average jumped 297 points, or 0.7%, and at one point got within 30 points of its record set last month. The…
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This is an adapted excerpt from the Sept. 12 episode of “All In with Chris Hayes.”On Wednesday, the United States marked 23 years since the Sept. 11 attacks that killed almost 3,000 people. To mark that solemn anniversary, Donald Trump attended a remembrance ceremony in lower Manhattan and, as his guest, the former president brought along Laura Loomer, a conspiracy theorist who has called 9/11 an “inside job.”Loomer joined Trump and his running mate, JD Vance, as they took photos with firefighters. It’s a scene you can’t make up — you wouldn’t want to. It’s absolutely heinous. But it’s also,…
Currency InvestingThe popular single-stock ETF category is about to embark on a global twist, according to a recent filing with the Securities and Exchange Commission.Precidian Investments is in the final regulatory approval stages for 18 single-stock ETFs that will offer access to non-U.S. companies listed on foreign stock exchanges.Unlike the single-stock ETFs that have attracted about $13 billion over the past two years by offering leveraged and inverse exposure to individual companies, the Precidian ETFs will not be levered in any way. They will use currency swaps to hedge out currency risk that impact performance when investing in foreign companies…
When a stock is in the midst of a free fall, it can be a risky time to buy in. That’s because it’s hard to know if it has bottomed out or if it’s still heading further down. It can seem like a cheap buy, but if the business is in trouble, it still may not be worth investing in it.Super Micro Computer (NASDAQ: SMCI) was once seen as a top artificial intelligence (AI) stock. Its servers have been in high demand for companies looking to upgrade their tech capabilities, and it also provides businesses with crucial IT infrastructure. But…
Former President Donald Trump used increasingly harsh rhetoric Friday in describing Haitian migrants in Ohio, saying they’re “destroying their way of life” and threatened mass deportations.He made his comments as he and some of his allies, including his running mate JD Vance, have claimed that Haitian migrants in Springfield, Ohio are eating cats, dogs and geese, sparking a backlash from Democrats, including President Joe Biden.“Illegal Haitian migrants have descended upon a town of 58,000 people, destroying their way of life,” Trump said during a news conference at his golf course in Southern California.The focus on Haiti — the poorest country…
(Bloomberg) — A US court ruling that placed into bankruptcy units associated with Indian education technology company Byju’s took an official in the firm’s home country by surprise.Most Read from BloombergThe decision, made at a Tuesday hearing in Delaware, will lead to involuntary Chapter 11 bankruptcy of units including Neuron Fuel Inc., Epic! Creations Inc. and Tangible Play Inc., court papers showed. The order was made as a default judgment after the units failed to share requested information with creditors.The development was “surprising” and “in conflict” with insolvency proceedings in India, wrote Pankaj Srivastava in a letter following the decision.…
Wall Street is experiencing a risk-on session Friday, with all sectors of the S&P 500 index trading in the green as traders are energized by the now-imminent Federal Reserve rate cut, expected in less than a week. Both the S&P 500 and Nasdaq 100 are on track for their fifth consecutive session of gains, pushing their weekly performances to 4% and 5.7%, respectively, and fully recouping last week’s losses. Friday saw small-cap stocks build significant momentum, once again outperforming their large-cap counterparts amid the euphoria over the anticipated Fed rate cuts. A large overnight bet by a trader on a…
Trump Media & Technology Group, the social media business owned by former president Donald Trump, surged on Friday after Trump said he has “absolutely no intention of selling” his stake in the Truth Social owner.Shares of the stock, which trades under the ticker DJT — the same as Trump’s initials — soared $1.89, or 12%, to $17.97 on Friday. The surge helped the stock rebound from a record low on September 11, the day following his debate with Vice President Kamala Harris, with investors appearing to downgrade his chances of winning the U.S. presidential election.Trump Media & Technology Group had already…
We recently published a list of Beyond the Tech Giants: 35 Non-Tech AI Opportunities. In this article, we are going to take a look at where News Corporation (NASDAQ:NWSA) stands against the other not-tech AI stocks.Investors have been desperately searching for a safer way to play the AI boom that has swept the US stock market over the past few months. Prominent investment bank Goldman Sachs recently released an investor note detailing which sectors of the economy would benefit from the AI craze, replacing obvious bull cases in the technology domain by thoughtful insights on the long-term impact of AI on…
Meghan Markle knows how to style a sweater well. The Duchess of Sussex was photographed leaving Godmothers bookstore in Summerland, California, over Labor Day weekend in a navy V-neck Anine Bing top, which she paired with Ulla Johnson culottes, a Cartier choker, Lorraine Schwartz bracelet, Ray Ban aviators, and a Janessa Leone sun hat.BACKGRID Last weekend, Meghan actually returned to the bookstore for its opening event, where she spoke and posed with its founders, Jennifer Rudolph Walsh and Victoria Jackson. She reflected on her trip to New York City shortly before the birth of her first child, Archie. She was…