Author: News Room

Less than two months ago, Wall Street was in the thick of a global market sell-off, with fears of a U.S. recession intensifying. Now the S & P 500 is on the doorstep of its fourth positive quarter in a row, the longest such streak since 2021. What a difference a little time makes. The best-performing Club stocks during the topsy-turvy third quarter are all outside the “Magnificent Seven” and AI-winner complexes. A couple names rode the wave of rate-cut optimism. Another was propelled by a home-run CEO switch. All five on the third-quarter leaderboard reflect a healthy broadening of…

Charlie Ergen is getting close to selling the pay-TV business he founded more than 40 years ago.EchoStar is in advanced talks to sell satellite TV provider Dish Network to rival DirecTV, the closely held pay TV operator owned by private-equity firm TPG and AT&T, according to people familiar with the matter. While the sides hope to complete a deal by Monday, no deal is assured, and the talks may still fall apart, said the people, who asked not to be named because the discussions are private.The combination of Dish and DirecTV has been rumored for years and nearly happened in…

As you know, for most people, you can claim Social Security retirement benefits between the ages of 62 and 70. Full retirement age is between the ages of 62 and 70. This is the age Social Security considers you to be “fully retired”. Full retirement age ranges between 66 to 67 depending on what year you were born. When you reach full retirement age, you have a few more options available to you that you do not have if you file early. When you file for Social Security benefits, it is a one-time decision that’s relatively hard to change, so…

Senior US officials were practically triumphant Wednesday night: The United States and a large number of its allies had nailed down a proposal after days of feverish talks that would put in place a ceasefire across the Israel-Lebanon border. In a hastily arranged call with reporters just moments after the release of a joint statement, top administration officials hailed the framework as “an important breakthrough.” The 21-day pause in fighting that the nations were proposing would give time for diplomacy and could prevent a full-fledged war from breaking out between Israel and Hezbollah. Those officials were clear: The question was not if Israel and Hezbollah would accept…

Donald Trump has said he will meet Volodymyr Zelenskyy in New York on Friday, despite a Republican backlash against the Ukrainian president’s lobbying efforts in the US this week.Zelenskyy had been trying to soothe US Republicans including Trump and House of Representatives Speaker Mike Johnson who had reacted furiously to the Ukrainian president’s courting of Democrats this week in an attempt to secure more support for Kyiv’s position against Russia.“I hate to see the carnage,” Trump said on Thursday while claiming he would “quite quickly” strike a peace deal between Zelenskyy and Russian President Vladimir Putin.“As you know President Zelenskyy…

This article was written byFollowLondon Stock Market Research is a service offered by an ex-investment banker from the city of London. After around 11 years in the industry, I decided to drop out, and made dollars out of what I learned in business. I appreciate value investments, and I usually buy companies that trade at close to 10x earnings, and offer dividend yield. I mainly research small caps, and mid caps from the United States, Canada, South America, UK, France, and Germany.————————————————————————————-Disclaimer: I do not offer financial advice. This is only my opinion about the price of stocks. Readers may…

A major Trump Media shareholder and former contestant on “The Apprentice” has unloaded almost his entire stake in former President Donald Trump’s social media company. Although the stock price has been volatile, that stake is worth roughly $100 million at current prices. United Atlantic Ventures, managed by Trump Media & Technology Group co-founder Andy Litinsky, now owns just 100 shares in the company, according to regulatory filings released on Thursday. That is down from just over 7.5 million shares that the firm owned as of late March. An attorney for United Atlantic Ventures did not immediately respond to a request…

The Food and Drug Administration on Thursday approved Bristol Myers Squibb’s highly anticipated schizophrenia drug Cobenfy, the first novel type of treatment for the debilitating, chronic mental disorder in more than seven decades. Schizophrenia affects how a person thinks, feels and behaves, and can cause paranoia, delusions, hallucinations, and changes in emotions, movements and behavior. Those symptoms can disrupt a patient’s everyday life, making it difficult to go to school or work, socialize and complete other daily activities. Most people are diagnosed in their late teens to early 30s.Bristol Myers Squibb expects the twice-daily pill, which will be sold under the brand…

Amazon workers have until January before they’ll be expected in corporate offices five days a week, but some aren’t expecting to stick around that long.In a recent survey of 2,585 Amazon employees on anonymous job review site Blind, 73% said they are considering looking for a new job following CEO Andy Jassy’s recent memo announcing a full-time return-to-office. Conversations on Blind tend to be critical of employers.Further, 80% of the Amazon professionals polled reported that they know of a colleague considering looking for another job because of the announcement.These Amazon workers also wrote about how the policy announcement has been…

Mortgage rates barely moved this week, but long-term notes declined to the lowest levels Americans have seen since 2022. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.08% from last week’s reading of 6.09%. The average rate on a 30-year loan was 7.31% a year ago. “Although this week’s decline was slight, the 30-year fixed-rate mortgage trended down to its lowest level in two years,” said Sam Khater, Freddie Mac’s chief economist.  “Given the downward trajectory of rates, refinance activity continues to pick up, creating opportunities…