Author: News Room
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Odd day : If I told you Wednesday night that Nvidia would soar 10% after reporting strong earnings and giving great guidance, you probably would have thought the S & P 500 would be up huge the next day. However, things were not playing out anything like that. After the initial…
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Some retirees continue to make a key mistake with required minimum distributions, and that could cost them a lot of money. When a retiree doesn’t need the RMD to pay living expenses, some move the money to a Roth IRA, treating it as a conversion of the RMD to a Roth IRA. Others try to rollover the money to a different IRA or qualified retirement plan. Neither action is allowed. When a person has to take RMDs, the first distribution from a traditional IRA during the year is considered to be the RMD until the RMD amount has been distributed.…
Within days of the helicopter crash that killed its president and other top officials, Iran detailed a succession plan and named replacements in a clear effort to project stability at a moment of profound and sudden uncertainty within the regime. One familiar name stood out to US officials: the new acting foreign minister, Ali Bagheri Kani. Seen by US officials as a hardline establishment figure, Kani has been a top negotiator for Iran on sensitive talks with the United States on everything from nuclear issues to its use of proxy forces to attack US and allied interests across the region. Just last week in…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A star witness in Bill Hwang’s criminal trial testified that employees would do whatever it took to support their boss’s aggressive trading strategy, including lying to lenders in the run-up to the collapse in 2021 of his family office, Archegos Capital.Over more than two days of testimony for the prosecution in Manhattan federal court, Archegos’s former chief risk officer Scott Becker said he repeatedly lied to banks in the hope they would facilitate more trades for the fund.“At Archegos you did whatever…
Warner Bros. Discovery, Inc. (NASDAQ:WBD) J.P. Morgan’s 52nd Annual Global Technology, Media and Communications Conference May 22, 2024 10:40 AM ET Company Participants Gunnar Wiedenfels – Chief Financial Officer Conference Call Participants David Karnovsky – J.P. Morgan David Karnovsky Okay, great. We’ll get started. My name is David Karnovsky, I cover media, entertainment and advertising at JPMorgan. Very happy to have back at the conference Gunnar Wiedenfels, Chief Financial Officer of Warner Bros. Discovery. Thanks for being here. Gunnar Wiedenfels Thank you. Hello. Question-and-Answer Session Q – David Karnovsky Okay, maybe to start high level. There’s certainly no shortage of…
Last updated: May 22, 2024 14:57 EDT | 2 min read LidoDAO Price Jumps 26% – Is It Too Late to Buy LDO? This Meme Coin Could Topple Shiba Inu / Source: Cryptonews The LidoDAO (LDO) price continues to trade sharply up since the start of the week as bets for Ethereum ecosystem growth flood in on expectations that the SEC is on the verge of approving spot Ethereum ETFs, with some asking if it is too late to buy LDO. BlackRock seals the deal for me They’ve only lost ONCE when trying to get an ETF approved The Ethereum…
The Federal Communications Commission is taking initial steps toward new rules that may require political ads on TV and radio to include disclaimers about the use of artificial intelligence. On Wednesday, FCC Chairwoman Jessica Rosenworcel called on other agency commissioners to support such regulations amid growing fears that AI-generated deepfakes could disrupt elections. “As artificial intelligence tools become more accessible, the Commission wants to make sure consumers are fully informed when the technology is used,” Rosenworcel said in a release. “Today, I’ve shared with my colleagues a proposal that makes clear consumers have a right to know when AI tools are…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Fed foils stocks : The market moved further into negative territory Wednesday afternoon after minutes from the Federal Reserve’s most recent meeting perked up inflation worries. Keep in mind, however, that the Fed minutes were from the meeting held April 30 to May 1 — and therefore, they do not take…
Federal Reserve officials grew more concerned at their most recent meeting about inflation, with members indicating that they lacked the confidence to move forward on interest rate reductions.Minutes from the April 30-May 1 policy meeting of the Federal Open Market Committee released Wednesday indicated apprehension from policymakers about when it would be time to ease.The meeting followed a slew of readings that showed inflation was more stubborn than officials had expected to start 2024. The Fed targets a 2% inflation rate, and all of the indicators showed price increases running well ahead of that mark.”Participants observed that while inflation had…
