Key Takeaways Small-cap stocks have outperformed their large-cap peers in recent days as investors have prepared for the Federal Reserve to begin making long-awaited interest rate cuts.Small caps are expected to benefit most from lower interest rates due to their propensity to hold floating-rate debt and have weaker balance sheets. Sluggish earnings and substantial uncertainty about the health of the U.S. economy are two reasons some expect small-caps to underperform in the near term despite lower rates. While market participants are anything but certain about the specifics of the Federal Reserve’s decision on interest rates rate tomorrow, there is one…
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Sean “Diddy” Combs, the spotlight-adoring music impresario who helped launch the careers of some of the biggest names in hip-hop and R&B, was denied bail and sent to jail Tuesday after being accused in a three-count federal indictment of having used his sprawling business empire to abuse, threaten and traffic women in order to “fulfill his sexual desires” and protect his reputation.Prosecutors in the Southern District of New York accuse Combs of sex trafficking, racketeering and transportation to engage in prostitution in the indictment unsealed Tuesday.It accuses Combs, 54, along with members of his security and household staff, personal assistants and other…
TEMPE, AZ – In a recent transaction, Christina Schwartz, the Interim Chief Financial Officer of Opendoor (NASDAQ:) Technologies Inc. (NASDAQ:OPEN), sold a total of 25,800 shares of the company’s common stock. According to the Form 4 filed with the Securities and Exchange Commission, the shares were sold on September 16, 2024, at weighted average prices ranging from $2.1564 to $2.1572, resulting in a total transaction value of approximately $53,497.The transactions were conducted under a mandatory sell-to-cover program, which is implemented by the compensation committee of Opendoor’s board of directors. This program is designed to automatically sell a portion of vested…
Aston Martin has revealed the 2025 Vanquish, a new super GT that is more powerful and luxurious than its predecessors. With an 824 hp twin turbo V12 engine, the Vanquish can match the torque of the electrified Bentley Continental GT Speed. The car’s design is a blend of classic Aston Martin elements and modern styling cues, including vertically stacked LED taillights and a large black “shield” at the rear. The Vanquish will be limited to 1,000 units per year, making it a highly collectible car. The Vanquish is a significant addition to the Aston Martin lineup. It is the most…
Several growth companies have been under pressure due to the impact of macro headwinds, including steep borrowing costs and high inflation. The Federal Reserve’s upcoming interest rate cut is expected to drive growth stocks higher, as these stocks tend to perform well in a low-interest rate environment. With this backdrop in mind, we used TipRanks’ Stock Comparison Tool to place Tesla (TSLA), Advanced Micro Devices (AMD), and Palantir (PLTR) against each other to pick the best growth stock, according to Wall Street analysts.Tesla (NASDAQ:TSLA)Shares of electric vehicle (EV) maker Tesla have advanced 5% over the past month but are still…
(Bloomberg) — Stocks in Japan are poised for gains early Wednesday after the US benchmark hit a fresh record ahead of hotly anticipated central bank meetings in both countries.Most Read from BloombergFutures point to Tokyo shares rising more than 1%, and declines in Sydney. Hong Kong is closed for a holiday. In the US, the S&P 500 was little changed on Tuesday after touching an all-time high on the back of an increase in retail sales. Futures were stable in early Asian hours. Traders are split on the size of the Federal Reserve’s likely interest rate cut later on Wednesday,…
Sean “Diddy” Combs was denied bail at a hearing Tuesday and will remain in federal detention on charges including racketeering and sex trafficking by force, fraud, or coercion. The rap mogul was arrested at a Manhattan hotel Monday night. Judge Robyn Tarnofsky told him her concern was that “this is a crime that happens behind closed doors, even when pretrial services is monitoring,” CNN reports. Combs’ lawyers had proposed home detention with a $50 million bond, secured by property including Combs’ Miami mansion. Prosecutors argued that Combs was a flight risk, and that he could intimidate witnesses in…
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A Chinese diplomat who has repeatedly praised the Chinese Communist Party is still fulfilling his role as the consul general of China’s New York Consulate despite conflicting narratives from the Biden State Department and New York’s Democratic Gov. Kathy Hochul about the diplomat no longer being in his role.Hochul said during a press conference almost two weeks ago that she supported Huang Ping being expelled from New York after he was referenced dozens of times in an indictment involving one of her former top aides and said that she was “informed” by the State Department that he was “no longer…
Bitcoin and the crypto market rallied in the past few hours as investors anticipate Wednesday’s FOMC meeting. CME FedWatch Tool reveals a higher probability of a 50-basis-point rate cut, which has a historical correlation with crypto bull runs. Bitcoin has historically performed better in Q4 compared to other quarters. Bitcoin (BTC) and the crypto market saw a brief rally on Tuesday following speculations that the Federal Open Market Committee (FOMC) may opt for a 50-basis-point rate cut during its meeting on Wednesday. Bitcoin and Fed rate cuts correlation amid Q4 positivity Cryptocurrency investors are becoming active again amid increasing anticipation that…