Stephen Moore: Moody’s downgrade of federal credit indicates a political bias against Trump’s tax cuts
Kenny Polcari from Slatestone Wealth and Eddie Ghabour, CEO of Key Advisors Wealth Management, will explore the economy’s current state, particularly focusing on whether buying market dips is a wise strategy. Like many, I share concerns about government spending and rising debt. But I can’t help but question the competence of credit rating agencies like […]
Diageo shares fiscal 25 Q3 results
Diageo Anticipates Major Financial Impact from Tariffs Diageo, the largest beverage alcohol company in the world, announced on Monday that it expects President Trump’s tariffs will incur a financial impact of around $150 million annually. These tariffs, which stand at 10% on imports from the UK and Europe to the US, have been highlighted as […]
GE and Boeing express gratitude to Trump for significant Middle East agreements
Boeing and GE Aerospace Celebrate Qatar Order During a recent visit to the Middle East, President Donald Trump received considerable praise for his diplomatic efforts, particularly for facilitating a major $96 billion order from Qatar Airways. Both Boeing’s CEO, Kelly Ortberg, and GE Aerospace’s CEO, Larry Culp, expressed their gratitude for the support. This week, […]
Verizon concludes diversity initiatives and targets.
Verizon Communications announced on Friday that it has ceased its Diversity, Equity, and Inclusion (DEI) program amid a federal investigation related to its acquisition plans. This move comes as the telecom giant seeks approval from the federal government for its merger. The Chairman of the Federal Communications Commission (FCC), Brendan Kerr, had openly criticized Verizon […]
Chili’s and TGI Fridays exchange barbs about who has the best mozzarella.
TGI Friday’s Comeback and Social Media Banter with Chili’s Two well-known restaurant chains are engaging in a bit of social media rivalry. It seems that while one boasts a superior mozzarella stick, the other is facing some, well, not-so-great comments. Chili’s Grill & Bar has been tweeting provocatively at TGI Friday’s since a recent Thursday. […]
Coinbase hack exposes customer information
Coinbase Faces Setback Following Cyberattack Paul Grewal, Coinbase’s Chief Legal Officer, stated that the Securities and Exchange Commission plans to halt litigation against the cryptocurrency exchange in its “final results.” On Thursday, shares of Coinbase Global dropped over 7% after the exchange disclosed the potential financial fallout from cyberattacks, estimating losses could reach up to […]
UnitedHealth stock drops due to news of criminal investigation
UnitedHealth Group’s shares saw a significant drop of over 15% in early trading on Thursday. This downturn adds to the ongoing troubles faced by health insurance companies, including various government inquiries, unexpected leadership changes, and pressures due to increasing health costs. Investors and analysts pointed out that, while specific details about the latest survey were […]
Walmart reaches profit in online sales while cautioning about price increases due to tariffs.
Walmart, the largest private employer in the United States, expressed concerns on Thursday about potential price increases due to uncertainties surrounding tariffs. CEO Doug McMillon reassured customers that the company would strive to keep prices down, but acknowledged the pressures from tariffs could make it difficult, especially given tight retail margins. He spoke after retailers […]
401(k) leader to permit investments in private markets within its retirement accounts
More individuals saving for retirement are showing interest in incorporating private market investments into their portfolios. Empower, a major player in the 401(k) sector, will start permitting investments in individual credit, stocks, and real estate for some managed accounts later this year. The company announced a partnership with seven firms, including Apollo Global Management and […]
AMD announces a $6 billion stock repurchase plan
AMD Unveils $6 Billion Stock Buyback Plan Advanced Micro Devices (AMD) revealed a new $6 billion stock buyback strategy on Wednesday, joining a trend among semiconductor firms aiming to stabilize their shares as the momentum from AI-driven trading appears to be tapering off. Following the announcement, AMD’s shares in Santa Clara, California, climbed by 6.4%. […]