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Trump Eyes Jamie Dimon For Treasury Secretary, Rules Out Ousting Fed Chair Jerome Powell
In a recent development, former President Donald Trump has expressed his consideration of JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon for the Treasury Secretary position if he emerges victorious in the forthcoming November 5 election. Furthermore, Trump has assured that he will not seek to displace Federal Reserve Chair Jerome Powell before the end of his term. What Happened: Trump disclosed his potential plans during a late June interview with Bloomberg. JPMorgan has chosen to remain silent on Trump’s comments. Powell, whose term as Federal Reserve Chair is set to end in 2026, announced on Monday that he has no...
Did Trump Pick The Right Running Mate? Poll Finds 44% Believe J.D. Vance Was Chosen For A Simple Reason
Sen. J.D. Vance (R-Ohio) may not be as well known nationally as other politicians, despite now being the vice-presidential running mate of Donald Trump in the 2024 presidential election. What Happened: Trump selected Vance as his running mate in an announcement made Monday ahead of the Republican National Convention. A senator since 2023, winning a seat in the 2022 election, Vance is one of the less experienced vice-presidential candidates floated by Trump for months. At the age of 39, Vance could also become the third youngest vice president of all time if Trump wins the election. Benzinga recently polled readers to see how...
Good News For Cinemark, AMC Stock? New Report Predicts 2026 Cinema Revenue Passing Pre-COVID-19 Levels — But There's A Catch
The movie theater sector got a bit of a lift to start the second half of 2024 with several movies, such as “Inside Out 2,” hitting impressive box office figures. A new report says there could be more optimism ahead for the movie sector, but it might not favor movie theater companies as much as other sectors. What Happened: The global box office is expected to post a year-over-year decline in revenue in 2024, with the first half of 2024 posting a significant drop to the prior year already. A new report from PwC shows the global total cinema revenue passing pre-COVID-19 pandemic...
Marjorie Taylor Greene Uses RNC To Weigh In On Immigration Debate: 'The Democrats Economy Is Of, By And For Illegal Aliens'
The Republican National Convention (RNC) kicked off Monday and featured several speakers including Rep. Marjorie Taylor Greene (R-Ga.), who gave a speech hitting on several 2024 election topics. What Happened: One of the biggest names to speak on Monday, the Republican representative shared her thoughts on the recent assassination attempt on former President Donald Trump, immigration and gender. "For far too long, the establishment in Washington has sold us out," Greene said, as reported by Deadline. "They promised unity and delivered division. They promised peace and brought war." In her speech, Greene attacked the Democratic party and accused them of being responsible for...
Controversy And Allegations Erupt Among Massachusetts Psychedelics Community As Legalization Ballot Looms
Leaked emails have revealed that James Davis, founder of Bay Staters for Natural Medicine (BSNM), and Mike Botelho, co-founder of New England Veterans for Plant Medicine (NEVPM) are at the center of a controversy involving fraud and identity theft. This development casts a shadow over the upcoming November election in Massachusetts, which includes a ballot measure on the legalization of psychedelics. The allegations, reported Double Blind Magazine, stem from an investigation by Talking Joints Memo and Boston Institute for Nonprofit Journalism, which found that Davis impersonated Botelho for months. The two advocacy groups, BSNM and NEVPM, had joined forces last year...
Federal Drug Official: Treating Drug Addiction With Incarceration Is Ineffective And 'Dangerous,' Calls For Overhaul
Nora Volkow, director of the National Institute on Drug Abuse (NIDA), has stressed the urgent need to overhaul America’s approach to drug addiction. In a recent opinion piece published in STAT and republished on NIDA’s website, Volkow criticized the prevailing notion that incarcerating drug users is an effective means of treatment, emphasizing its detrimental impact on public health. See Also: NIDA Director Nora Volkow Calls Regulating Cannabis ‘Crucial’ As More States Legalize It “It remains a common belief that simply stopping people from taking drugs while in jail or prison is an effective approach to treatment. But that belief is inaccurate and...
Guess How Much Steve-O From 'Jackass' Made From His NFL 2K5 Cameo
Steve-O, the daring stunt performer and star of “Jackass,” shared that he was compensated $100,000 for his role in Sega Sammy Holdings Inc's (OTC:SGAMY) NFL 2K5. Speaking with GameSpot, Steve-O disclosed the exact figure for his involvement in the game, where he was featured as a celebrity coach alongside other personalities like Carmen Electra, David Arquette, Funkmaster Flex and Jamie Kennedy. See Also: Gaming Industry Revenues To Hit $307 Billion By 2027: Analysis NFL 2K5, featuring Terrell Owens as its cover athlete, marked the final installment in Sega’s football series, which had been a formidable competitor to EA’s Madden NFL franchise...
Cannabis Stocks: Canadian Companies Outperformed American Counterparts Last Week
Analyst Lorimer Wilson, a contributor at TalkMarkets, signaled that Canadian Limited Partnership (LPs) Cannabis Companies did much better than American multi-state operators (MSOs) as the cannabis sector remains highly volatile, with stock prices reacting sharply to news. Canadian Cannabis Outperforms Canadian Cannabis LPs doubled the performance of cannabis companies from the US. The Canadian Cannabis LP Portfolio saw significant gains: Aurora Cannabis (NASDAQ:ACB): UP 24.7% this week; UP 30.1% MTD; UP 27.3% YTD Tilray Brands (NASDAQ:TLRY): UP 8.7% this week; UP 13.3% MTD; DOWN 18.3% YTD Cronos Group (NASDAQ:CRON): UP 8.1% this week; UP 3.4% MTD; UP 15.3% YTD Organigram (NASDAQ:OGI): UP 6.9% this week;...
Trump's Big Mistake? FiveThirtyEight Now Shows Biden As Favorite To Win Election Following J.D. Vance VP Pick, Despite Polling Data
Many experts and political pundits wrote off President Joe Biden's chances of winning reelection in 2024 following the president's poor debate performance against former President Donald Trump in June. Since the debate, polls have swung in Trump's favor and electoral odds continued to show Trump's chances of winning following the attempted assassination of him in Pennsylvania. But, at least one predictive model indicates that the election isn't over yet. FiveThirtyEight, a site that tracks polling data and statistics, currently shows Biden winning the election 53 times out of 100 in its simulations. The site calculates these simulations by using polling data,...
Regional Bank Gains Hit Levels Unseen Since Silicon Valley Bank's Failure As Investor Sentiment Shifts To Small-Cap Names
U.S. regional banks are experiencing sessions of significant gains, as growing expectations for interest rate cuts fueled an investor rotation from large-cap to small-cap stocks. The SPDR S&P Regional Banking ETF (NYSE:KRE) — a widely followed gauge for the industry — rallied as much as 4.5% on Tuesday, marking the strongest session since December 2023. Notably, the recent five-day rally of nearly 15% was the strongest for regional banks since November 2020. With Tuesday’s move, regional banks have effectively recouped all losses suffered after March 9, 2023, characterized by the failure of Silicon Valley Bank and Signature Bank. “Lending conditions for commercial and industrial...
Will Tesla Robotaxis Be Allowed in China? Analyst Says 'Highly Unlikely,' Investors Should Consider Unavoidable National Security Risks
New robotaxis could be the future of Tesla Inc (NASDAQ:TSLA) and a multi-billion dollar opportunity. An analyst believes the technology could be great for the U.S. but face pressure of being allowed to be a part of Tesla's China segment. The Tesla Analyst: Morgan Stanley analyst Adam Jonas reiterated an Overweight rating on Tesla and $310 price target. The Analyst Takeaways: There could be more question marks about Tesla's future in China given its heavy focus on robotaxis moving forward, Jonas said in a new investor note. "If Tesla were to ‘solve' the robotaxi problem, we believe it would be highly unlikely that...
Spirit Airlines Stock Falls On Soft Preliminary Q2 Revenue Estimates
Spirit Airlines Inc. (NYSE:SAVE) shares are trading lower after the company announced soft second-quarter preliminary revenue estimates Tuesday. The Details: Spirit Airlines estimated total revenue for the second quarter of 2024 to be approximately $1.28 billion, lower than previously expected primarily due to lower-than-expected non-ticket revenue. Read Next: What’s Going On With Upstart Stock? The company said non-ticket revenue for the quarter underperformed its initial estimate and attributed the underperformance to incremental pressure on ancillary pricing due to changes in the competitive marketplace. The company estimates non-ticket revenue per passenger segment will be about $64 for the second quarter of 2024, several...
What Happened With Canopy Growth Stock Today?
Canopy Growth Corporation (NASDAQ:CGC) shares continued to move higher Tuesday after gaining more than 9% in Monday's session. Here's a look at what you need to know. What To Know: Canopy Growth stock popped Monday around the same time former President Donald Trump selected Sen. J.D. Vance (R-Ohio) as his vice-presidential running-mate. Ohio legalized adult-use cannabis in November 2023. According to a Marijuana Moment report, Vance believes states should set their own cannabis laws. He’s also suggested that he's against incarcerating individuals for low-level possession. Vance voted against the Secure and Fair Enforcement Regulation (SAFER) Banking Act when it was approved in September 2023, noting...
What Happened With Conduit Pharmaceuticals (CDT) Stock Today?
Conduit Pharmaceuticals Inc (NASDAQ:CDT) shares traded higher by as much as 57% to $0.37 during Tuesday’s session before closing near flat after the company announced it received patent approval for its lead asset targeting autoimmune diseases. The company said this achievement allowed Conduit to participate in the Patent Prosecution Highway (PPH), expediting patent examination in key markets like the U.S., Europe and Japan. Conduit also said the patent, numbered 2022384750, enhanced the likelihood of approvals in other major jurisdictions, providing up to 20 years of protection crucial for drug products. Conduit’s research also identified cocrystals of AZD1656, leveraging solid-form technology to enhance...
Black Ops 6: First Multi-Platform Beta In Franchise History — All You Need To Know
Microsoft Corp.’s (NASDAQ:MSFT) Activision has officially confirmed the beta dates for Call of Duty: Black Ops 6, marking a significant milestone for the franchise. For the first time, the beta will be available on all platforms simultaneously, providing a unified experience for players worldwide. The beta, announced during the Call of Duty podcast on YouTube, as reported by IGN, will roll out in two phases: Early Access: August 30 – September 4 Open Beta: September 6 – September 9 See Also: Call Of Duty Black Ops 6 Requires Constant Internet Connection On Consoles For First Time Historically, Call of Duty betas have been...
Russell 2000 Marks Fifth Day Of Gains: What's Driving Surge In Small-Cap Stocks?
FTAI Aviation Ltd. (NYSE:FTAI) and Applied Industrial Technologies, Inc. (NYSE:AIT) were among small-cap stocks moving higher on Tuesday as the Russell 2000 Index had a fifth straight day of gains. The iShares Russell 2000 ETF (NYSE:IWM) gained 3.41% on Tuesday, ushering the index to a cumulative gain of over 9% across the last five sessions. This remarkable streak represents the Russell 2000's best five-day performance since June 2020. FTAI Aviation, a provider of aircraft operations and engine maintenance, rose 5.63% to close at $107.42 on Tuesday, while Applied Industrial gained 4.63% to $210.59. Also Read: Russell 2000 Rallies To 16-Month Highs: Best Performing Small-Cap Stocks Popping...
Bloom Energy Stock Booms On AI Data Center Deal: What You Need To Know
Bloom Energy Corp (NYSE:BE) shares are rising in extended trading Tuesday after the company announced a strategic partnership with CoreWeave. What Happened: Bloom Energy said it entered into a partnership to deploy its proprietary fuel cells to generate on-site power for CoreWeave at a high-performance data center in Illinois. The data center, owned by Chirisa Technology Parks, will facilitate high-density deployments with advanced cooling systems, allowing CoreWeave to offer efficient cloud solutions for AI. Bloom Energy noted that the partnership underscores its ability to meet the rising energy demands of the AI sector. “Bloom Energy is thrilled to have been selected by CoreWeave. This...
Baldur's Gate 3's Patch 7: What To Expect From The Upcoming Update
Larian Studios has officially announced details for the eagerly awaited Patch 7 for Baldur's Gate 3. In a recent post on the game's Steam page, the developer outlined the significant improvements and features that will be available in September. See Also: Baldur’s Gate 3 Studio’s Plans: ‘We Want to Do More,’ Details Await Split-Screen Updates And New Cinematics One of the most exciting changes is the dynamic split-screen mode. This feature will allow players in co-op mode to merge their screens when they are near each other, making for a more seamless gaming experience. This update can be accessed directly from the HUD...
SpaceX, X To Move Headquarters From California To Texas: Musk Calls It The 'Final Straw,' Criticizes Gov. Newsom For 'Attacking Both Families And Companies'
Two companies owned by Elon Musk will be getting new headquarters, according to a post from the billionaire investor. What Happened: Following the move of electric vehicle company Tesla Inc (NASDAQ:TSLA) changing its headquarters from California to Texas, Musk appears ready to make the move on several other companies he runs. "This is the final straw. Because of this law and many others that preceded it, attacking both families and companies, SpaceX will now move its HQ from Hawthorne, California, to Starbase, Texas," Musk tweeted. The tweet came in response to a post sharing that Gov. Gavin Newsom (D-Calif.) had signed AB1955...
Aehr Test System Shares Climb On Strong Q2 Results, Forward Guidance, Acquisition, Order Announcements
Aehr Test Systems (NASDAQ:AEHR) shares are trading higher after the company reported its second-quarter financial results Tuesday. Here's a look at the key figures from the report. The Details: Aehr reported quarterly earnings of 84 cents per share which beat the analyst consensus estimate of 10 cents by 740%. Quarterly sales came in at $16.6 million, which beat the analyst consensus estimate of $15.442 million by 7.5%. Bookings were $4 million for the quarter and backlog as of May 31, 2024, was $7.3 million. Effective backlog, which includes all orders received since the end of the fourth quarter, is $20.8 million. “Our full-year...
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