33,000 Boeing workers walk off the job on Friday. Workers want a 40% increase in pay over four years. Wall Street trades higher as Bill Dudley calls for 50 bps cut. Inflation expectations fall to lowest level in eight months. The market has reached euphoria on Friday, but Boeing (BA) is the Dow Jones stock most left out of the rally. A major strike, the first in a decade and a half, has brought further uncertainty to the aeronautics company beset by a slew of internal issues. The Dow Jones Industrial Average (DJIA) has gained 0.9% on Friday, leading…
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Ironwood Wealth Management LLC. lessened its holdings in shares of Vanguard Growth ETF (NYSEARCA:VUG – Free Report) by 16.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,136 shares of the company’s stock after selling 227 shares during the period. Ironwood Wealth Management LLC.’s holdings in Vanguard Growth ETF were worth $425,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also modified their holdings of the company. Global Assets Advisory LLC acquired a new position in shares of Vanguard Growth…
Shares of semiconductor architecture company Arm Holdings (NASDAQ: ARM) rallied again today, up another 5.4% as of 12:43 p.m. ET.Arm had already seen a wave of analyst upgrades this week, but got even more positive news today, this time via a bullish initiation from analysts at Raymond James.An AI uplift across end marketsRaymond James started coverage on Arm today, initiating the stock with a buy rating and a $160 price target.The analysts are bullish on Arm due to what they see as widespread future adoption of the company’s V9 architecture. This new architecture is optimized for neural processing in artificial…
After several weeks of leaks and teasers of MSI’s upcoming X870 motherboards, the company officially announced its next-generation AM5 motherboards, which are compliant with the ATX 3.1 standard. MSI also highlighted the “Supplemental PCIe Power” feature, which appears to be a new power connector that delivers extra power to the motherboard.The standard 24-pin motherboard connector delivers power to everything, such as graphics cards, cooling fans, and RGB lighting. However, the connector is only rated for 168W. Graphics cards require more power, and some consumers use a multi-GPU setup for AI workloads. For example, Nvidia’s next-generation GeForce RTX 50-series (Blackwell) graphics cards…
Trump rips Harris and her home state with attack lines many expected during the debateRANCHO PALOS VERDES, Calif. (AP) — Former President Donald Trump railed against Vice President Kamala Harris as he addressed reporters near Los Angeles. On Friday he unleashed a litany of attacks his aides had suggested he would focus on during their debate earlier this week. Speaking at what was billed as a news conference at his Los Angeles-area golf club after days of criticism of his performance on stage, Trump accused Harris of having been soft on crime in her previous positions. Before she served as…
Recent signs of cooling inflation are paving the way for the Federal Reserve to cut rates when it meets next week, which is welcome news for Americans struggling to keep up with the elevated cost of living and sky-high interest charges.”Consumers should feel good about [an interest rate reduction] but it’s not going to deliver sizable immediate relief,” said Brett House, economics professor at Columbia Business School.Inflation has been a persistent problem since the Covid-19 pandemic, when price increases soared to their highest levels in more than 40 years. The central bank responded with a series of interest rate hikes…
Suncor’s base plant with upgraders in the oil sands in Fort McMurray Alta, on Monday June 13, 2017. (Credit: THE CANADIAN PRESS/Jason Franson)Some Canadian energy companies are better placed to weather the precipitous drop in the price of oil, according to an analysis by Scotiabank Global Equity Research.West Texas Intermediate (WTI), the U.S. oil benchmark, was trading Friday at US$70.01 a barrel, down from a year-to-date high of US$86.91 in April, compelling the bank’s analysts to revisit break-even points for Canadian oilpatch players.To sustain capital spending and dividends in 2025, analysts are estimating an average break-even price of US$50 per…
A couple of vocal protesters and a sudden downpour couldn’t put a damper on Gov. Jay Inslee’s remarks outside the Clark County Public Service Center on Thursday as he presented three county projects with 2024 Governor’s Smart Communities Awards. Smart Communities Awards have been bestowed annually since 2006 in recognition of government agencies and community partners for exceptional land-use planning and development. “We recognize the power of local leadership,” Inslee said, “and we recognize the power of communities.” Though the ceremony got off to a late start, Inslee presented certificates and crystal statuettes to Oliver Orjiako, the county’s community planning…
The week ahead is looking slightly quieter on the company earnings front, with the focus on interest rate decisions from the Bank of England and the Federal Reserve, but there are still plenty of key business updates to keep an eye on.Software giant Salesforce (CRM) is set to host its annual Dreamforce conference this week, showcasing its latest products and updates, with it having just unveiled its artificial intelligence (AI) Agentforce platform.In the world of clothing retail, investors will be looking to see if Next (NXT.L) has continued its run of strong sales growth, as well as any updates on…
Williams was put on life support at a Tampa Bay Hospital after an accident at a construction site left him partially paralyzedKellen Micah/ICON SMI/Corbis/Icon Sportswire via Getty Former NFL wide receiver Mike WilliamsFormer NFL wide receiver Mike Williams has died at age 36, his agent confirmed to ESPN on Tuesday.Williams died on Tuesday morning, according to the outlet.The former Tampa Bay Buccaneer had been hospitalized in an intensive care unit in Tampa Bay, Fla., following an accident at a construction site that left him partially paralyzed.According to the Tampa Bay Times, who spoke with Tierney Lyle, the mother of Williams’…