House Democrats are ready to go to war to save enhanced Obamacare subsidies that are set to expire at the end of this year, even if it means risking a partial government shutdown. Democrats and some moderate House Republicans have been sounding the alarm about the expiring healthcare subsidies for weeks, a fight that’s now
Loading
3.4KAmerican companies have won a record $170 billion in foreign government contracts since President Donald Trump returned to office, the Department of Commerce announced Tuesday. The deals amount to 98 contracts and are expected to generate $144 billion in U.S.-manufactured exports and support nearly 600,000 American jobs, according to the International Trade Administration (ITA), the
1.8KTaiwan Semiconductor Manufacturing Co. (TSMC) has reported a sharp rise in quarterly profit, underscoring how artificial intelligence (AI) is rewriting the dynamics of global chip supply chains. The 39% jump in net income to NT$452.3 billion ($14.8 billion) in the September quarter exceeded analysts’ forecasts of NT$405.5 billion, as the company continued to benefit from
4.3KPublic markets run on rhythm, and if the beat changes, prices move differently. That is what is at stake as the administration pushes to loosen US reporting rules and the SEC is hinting towards a change. The proposal sounds simple enough. It aims to replace mandatory quarterly reporting with the option to report every six
4.1KElectronic Arts (EA), one of the world’s largest video game publishers, is set to be taken private in a $55 billion deal led by a consortium that includes Saudi Arabia’s Public Investment Fund (PIF), private equity firm Silver Lake, and Affinity Partners, the investment firm founded by Jared Kushner. The deal ranks among the largest
3.6KCovered call ETFs have become highly popular among income investors in the past few years because of their high distribution rate. The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is one of the most popular. This article explores why the QQQI ETF is a better buy. What is the QQQI ETF? The NEOS Nasdaq-100 (R)
1.5KShares of Swiss biotech MoonLake Immunotherapeutics tumbled 88% to $7.45 in premarket trading on Monday after the company reported mixed outcomes from two late-stage trials of its experimental skin drug, sonelokimab. The treatment is being developed for hidradenitis suppurativa, a painful and chronic inflammatory skin disease. In one of the Phase 3 trials, sonelokimab achieved
1.5KNvidia’s stock took off sharply in pre-market trading on Monday, getting investors buzzing again. The company’s been riding high thanks to its cutting-edge tech in artificial intelligence and data centers, but today’s jump feels like a fresh vote of confidence from the market. There’s an obvious excitement about what’s coming in the next earnings report,
3.2KCSX Corp on Monday appointed Steve Angel as its new chief executive officer, replacing Joe Hinrichs, in a leadership shake-up that comes as the US railroad industry faces heightened consolidation and investor scrutiny. Shares of CSX rose about 3% in premarket trading following the announcement. The move follows pressure from activist investor Ancora Holdings, which
2.9KStocks edged higher on Monday as Wall Street attempted to recover from last week’s pullback, when concerns about the durability of the artificial intelligence trade weighed on broader markets. The S&P 500 was up 0.32% to 6,665.29. The tech heavy Nasdaq 100 was trading 0.68% higher at 22,636.124. The Dow Jones Industrial Average in contrast
