Check out the companies making headlines in midday trading: Trump Media & Technology — Shares of the Truth Social parent, which is majority owned by former President Donald Trump, climbed 12% on Election Day . The stock is viewed as a proxy for betting on the former Republican nominee’s likelihood of winning the race for the White House. Nvidia — Shares of the de facto market leader and artificial intelligence

What is going on at Super Micro Computer (NASDAQ: SMCI)? Shares of the once high-flying artificial intelligence (AI) server company have collapsed after a growing scandal has enveloped the business. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » This timeline shows how the story has unfolded: Aug. 27: In a short-seller report, Hindenburg Research accuses the company of accounting manipulation,

A look at Election Day from both sides of the political spectrum A look at Election Day from both sides of the political spectrum 08:03 Some of the earliest U.S. presidents were also the wealthiest when they entered office. In the modern era, presidents historically have amassed most of their wealth through media deals and appearance fees after leaving office.  President-elect Donald Trump is among the wealthiest Americans ever to serve

(Reuters) -Universal Music Group (UMG) said on Saturday that billionaire Bill Ackman’s Pershing Square has no right to require the record label to become a U.S.-domiciled company or delist from Euronext Amsterdam. Ackman had said in a post on X on Friday he would seek to delist investment firm Pershing Square, which holds a stake of around 10% in UMG according to LSEG data, and move the record label from

Former US President and Republican presidential candidate Donald Trump gestures as he speaks during a campaign rally at Van Andel Arena in Grand Rapids, Michigan on November 5, 2024. Kamil Krzaczynski | AFP | Getty Images Shares of Trump Media & Technology slid on Tuesday, marking the end of a volatile trading day as Americans head to the polls. Shares trade under the ticker DJT — former President Donald Trump‘s

(Bloomberg) — FTX filed a lawsuit against Anthony Scaramucci and his hedge fund SkyBridge Capital as part of a broader effort to claw back money for creditors of the bankrupt company. Most Read from Bloomberg The lawsuit against the former White House communications director is one of 23 filed in the bankruptcy court of Delaware on Friday. Plaintiffs also include digital-asset exchange Crypto.com and political groups such as the Mark

Former President Donald Trump, now reelected to a second term, has vowed to enact business-friendly policies, including sharp corporate tax cuts, higher tariffs and swift deregulation. He says he’ll cut the corporate tax rate by 6%, from its current 21%, to 15%, leading to greater profitability for companies. Such a substantial cut would mark the sixth-biggest tax cut since 1940, according to a Tax Foundation analysis.  During the presidential campaign, Trump’s

Realty Income (NYSE: O) has long been a favorite of income-oriented investors given its monthly dividend payment, robust yield, and history of increasing its dividend. Meanwhile, the real estate investment trust (REIT) has delivered steady, consistent results over the years. However, with a number of its tenants facing pressure and closing stores, the question becomes, is trouble brewing? Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every

The exchange-traded fund industry is trying to make pair-trade strategies more accessible to everyday investors. Tidal Financial Group’s Michael Venuto filed last month for eight two-stock ETFs: going long one stock and short the other. “They should come out probably in about two or three months,” Venuto, the firm’s chief investment officer and co-founder, said on CNBC’s “Halftime Report” this week. Zoom In IconArrows pointing outwards These new ETFs aim to simplify

Enterprises are spending heavily on artificial intelligence (AI)-powered software to drive automation and efficiency, and use data to make smarter and faster decisions. And that trend may be just getting started. The enterprise AI market could grow at an annual rate of 37.6% between 2025 and 2030, according to analysis from Grand View Research. Two companies poised to see years of growth ahead in the enterprise-software space are Palantir Technologies