Author: franperez66q@protonmail.com
On July 14, 1789, the people of Paris stormed the Bastille, signaling a violent end to the absolute authority of the ancien régime. Today, on that very same date, (albeit 237 years later) the stock market staged its own financial revolution against the ancien régime of technology: International Business Machines.IBM shares fell just over $73 to ~$217 — a jaw-dropping 25% single-day decapitation. It is the steepest single-session drop in my lifetime, matching a scale of destruction not seen since January 3, 1968, before I was born.The catalyst for this sudden coup was a preliminary Q2 sales miss. IBM reported revenue of $17.2…
US Attorney for the Southern District of New York Jay Clayton prepares to testifies during a Senate Intelligence Committee hearing on his nomination to be Director of National Intelligence, on Capitol Hill in Washington, DC, on July 15, 2026.Ken Cedeno | Afp | Getty ImagesJay Clayton, President Donald Trump’s pick for director of national intelligence, refused to say Joe Biden won the 2020 election, claimed not to know his predecessor Tulsi Gabbard took part in a raid of a Georgia election office earlier this year and defended subpoenaing New York Times journalists in a contentious Senate confirmation hearing on Wednesday.…
Amazon Leo to offer satellite internet in South Africa Source link
SpaceX shares fell for a fourth-straight session on Wednesday, dropping below their $135 initial public offering price for the first time, about a week after joining the Nasdaq-100.Shares have whipsawed since the reusable rocket maker’s historic IPO last month, which raised a record $86 billion and cemented founder Elon Musk as the first trillionaire. The stock slumped about 2% on Wednesday, putting shares about 34% below their IPO price. SpaceX’s unwind comes ahead of the company’s 13th Starship test flight slated for Thursday, and signals that hype for the reusable rocket maker is fading about a month after its blockbuster…
Andy Burnham’s path to the Labour leadership has been secured, after he won the required support from trade unions linked to the party.So far 349 of the party’s MPs have nominated the former Greater Manchester mayor, making it mathematically impossible for a rival to run against him.Now eight of the 11 unions affiliated to Labour have said they will nominate him, paving the way for him to be crowned leader without a party vote over the summer.Burnham is set to be unveiled as Sir Keir Starmer’s successor as Labour leader on Friday, before entering Downing Street three days later. Although…
SpaceX could get a boost if its upcoming rocket launch goes well, according to UBS. “SpaceX has made multiple hardware and software upgrades since the last flight,” analyst Gavin Parsons wrote in a note on Wednesday. “This flight would demonstrate multiple new milestones and in our view be a positive for the stock.” The bank has a buy rating on the stock and a $210 price target, implying a 54% upside from Tuesday’s close. SpaceX is scheduled to hold its 13th rocket launch on Thursday. According to Parsons, this will support the bank’s forecast for four commercial launches this year…
Investing.com – Denmark stocks were higher after the close on Wednesday, as gains in the Consumer Goods, Healthcare and Chemicals sectors led shares higher. At the close in Copenhagen, the added 1.45% to hit a new 3-months high. The best performers of the session on the OMX Copenhagen 20 were Zealand Pharma A/S (), which rose 6.71% or 18.80 points to trade at 299.00 at the close. Meanwhile, Rockwool AS B () added 3.78% or 8.00 points to end at 209.00 and Novo Nordisk A/S Class B () was up 3.39% or 10.90 points to 330.60 in late trade. The…
An exterior view of the New York Stock Exchange on September 18, 2024 in New York City. Stephanie Keith | Getty ImagesThe Depository Trust and Clearing Corporation on Wednesday will complete a set of financial transactions using digital versions, or “tokenized,” of assets held at The Depository Trust Company, the company announced.The day-long event, first reported by The Wall Street Journal, will include more than 25 firms across the traditional finance and digital assets industries. To kick off the day, JPMorgan converted the Invesco QQQ Trust (QQQ) into a tokenized asset. Goldman Sachs, BlackRock, Vanguard and the New York Stock Exchange…
FILE PHOTO: White House counsel Kathryn Ruemmler listens as President Barack Obama speaks at an installation ceremony for FBI Director James Comey at FBI Headquarters in Washington, Monday, Oct. 28, 2013.Charles Dharapak | APGoldman Sachs’ former top lawyer Kathryn Ruemmler told the House oversight committee on Wednesday that convicted sex offender Jeffrey Epstein lied to her about his conduct and used his relationships with prominent people to legitimize himself.Ruemmler said in an opening statement that she never saw evidence of ongoing criminal conduct by Epstein and would have reported him to law enforcement if she had seen signs that he…
Warren Buffett called Bill Gates’ association with the late sex offender Jeffrey Epstein “distasteful” after the Berkshire Hathaway chairman excluded the Gates Foundation from his sizable annual charitable donations.”I read a great deal since Jan. 1 in terms of what happened, with Bill and Epstein,” Buffett said in an interview with CNBC’s Becky Quick. “While it’s distasteful, while he made mistakes, I made mistakes, hiring all kinds of people, or choosing friends, and then finding out later that, one way or other, they weren’t what I thought they were. I found nothing in there that was beyond what I could…