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Portugal stocks higher at close of trade; PSI up 0.26% Source link
The Supreme Court ruled Monday that President Donald Trump did have the authority to fire Federal Trade Commission Commissioner Rebecca Slaughter.The 6-3 ruling gives Trump and future presidents the power to remove members of supposedly independent federal agencies that carry out functions under the executive branch of government. The majority, comprised of all six conservative justices, found that the FTC’s provision that commissioners could be removed by a president only for cause “is contrary to the separation of powers enshrined in the Constitution.””Independent agencies are not so independent after all,” conservative Justice Neil Gorsuch wrote in a concurring opinion to…
MetLife (MET) is well-positioned in the life insurance and benefits sector, exhibiting fundamental momentum that the broader market hasn’t fully priced in. Backed by scale, brand equity, and an experienced leadership team, MetLife is firing on all cylinders.Premium & Sales Growth: In Q1, MetLife’s core premiums and fees grew 10%, driven largely by international and domestic demand: Asia jumped 22%, Latin America 20%, while US Group Benefits gained 15%.Unlocking Efficiency via AI: While many investors focus on AI companies, they may be ignoring how AI and technological innovation can help old economy businesses. MetLife is poised to lead the industry…
The Supreme Court ruled Monday that President Donald Trump does not have the authority to fire Federal Reserve Governor Lisa Cook from the central bank for now.The court did not rule whether Trump ultimately will have the power to fire Cook or any other member of the Fed.Instead, the 5-4 ruling rejected Trump’s bid to pause a lower federal court ruling that had prevented her from being terminated as her lawsuit challenging her dismissal proceeds. Trump had claimed he sought to fire Cook because of allegations she committed mortgage fraud, a claim she adamantly denied.Chief Justice John Roberts wrote the…
Comcast options trading climbs to 127,440 contracts Source link
Former Conservative MP Craig Williams has pleaded guilty to cheating at gambling by placing bets on the date of the 2024 general election.This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version.You can receive Breaking News on a smartphone or tablet via the BBC News App. You can also follow @BBCBreaking on X, external to get the latest alerts. Source link
Ward Nye, CEO, Martin MariettaScott Mlyn | CNBCMartin Marietta Materials said on Monday it would merge with limestone supplier Lhoist North America in a cash-and-stock deal worth $13.5 billion, as the building materials firm looks to tap growing demand for lime products.ShareShares of the Raleigh, North Carolina-based company were down 5% in morning trade.Martin Marietta will use a mix of $7 billion in cash along with shares valued at $6.5 billion to fund the deal, the company said. It expects to realize about $85 million in annual run-rate cost synergies.CEO Ward Nye said demand for high-quality lime products is expected…
Microsoft rebounds from 52-week low into resistance: Live levels Source link
Comcast will be left with a broadband and wireless network business reaching 65 million customers across the US. The move is intended to simplify and improve the business’s appeal to investors, according to people close to the move. Some investors favor the steadier broadband business while others want access to a “pure play” media group. The split will also make future partnerships and dealmaking simpler for the two standalone companies, the person said. Last year, Comcast was among the suitors to buy WBD in an acquisition battle that was eventually won by Paramount Skydance. Comcast said it would establish a…
Writer E. Jean Carroll arrives at the 2nd U.S. Circuit Court of Appeals, where former U.S. President Donald Trump will arrive to ask a federal appeals court to overturn a $5 million jury verdict finding him liable for sexually assaulting and defaming her, who accused Trump of raping her nearly three decades ago, in Manhattan, New York, U.S., September 6, 2024. Adam Gray | ReutersThe Supreme Court on Monday said it would not hear an appeal by President Donald Trump of a New York federal court jury’s verdict awarding the writer E. Jean Carroll $5 million for having been sexually abused…