November 20, 20240 Comments

Trump picks Dr. Oz to lead massive Medicare and Medicaid agency CMS

Dr. Mehmet Oz, a former celebrity TV host and Republican U.S. Senate candidate in Pennsylvania, poses for a portrait outside a polling location during the primary election in Rockledge, Pennsylvania, May 17, 2022. Hannah Beier | Reuters President-elect Donald Trump on Tuesday said he would nominate Dr. Mehmet Oz — celebrity TV host and former U.S. Senate candidate — as Centers for Medicare & Medicaid Services administrator. CMS operates or

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November 19, 20240 Comments

Trump to name Howard Lutnick to lead Commerce Department

Reuters Donald Trump is expected to name investor Howard Lutnick, the co-chair of his transition team, to lead the US commerce department, according to CBS News, the BBC’s US partner. If confirmed, Lutnick would oversee a department that helps boost domestic manufacturing and US companies. It is often a key player in areas where business and national security interests collide, such as restricting technology exports to China or enacting tariffs

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November 19, 20240 Comments

Miners, real estate lead gains in European shares By Reuters

(Reuters) – Europe’s main stock index rose on Tuesday, boosted by strength in shares of miners and a rebound in real estate stocks, with ongoing corporate earnings, economic data and global monetary policy outlook set to further shape market sentiment. The pan-European was up 0.4% as of 0810 GMT, with basic resources leading the sectoral charge with a 1% rise. The real estate sector also climbed 0.8%, after dropping nearly

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November 15, 20240 Comments

Adobe, Amazon lead Friday’s market cap stock movers By Investing.com

Friday’s trading session has seen significant movements among mega-cap and large-cap stocks. Adobe Systems Inc (NASDAQ:) and Amazon.com Inc (NASDAQ:) experienced notable declines, while Palantir Technologies Inc (NYSE:) surged. Here’s a rundown of today’s key stock movers across different market capitalization ranges. Mega-Cap Movers (Market Cap $200B+): Adobe Sys Inc (ADBE): -5.2% Amazon Com Inc (AMZN): -4.75% Eli Lilly And Co (NYSE:): -4.35% Nvidia Corp (NASDAQ:): -4.13% Facebook Inc (NASDAQ:):

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November 15, 20240 Comments

Vaccine maker stocks fall as Trump chooses RFK Jr. to lead HHS

Robert F. Kennedy Jr. in Phoenix on Aug. 23, 2024. Thomas Machowicz | Reuters Shares of vaccine makers fell Thursday as President-elect Donald Trump nominated Robert F. Kennedy Jr., a prominent vaccine skeptic, to lead the Department of Health and Human Services.  The stocks fell in the final hour of trading as reports emerged about Trump’s expected pick. Moderna‘s stock closed more than 5% lower on Thursday, shares of Novavax

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November 13, 20240 Comments

Amazon, Chevron lead Wednesday’s market cap stock movers By Investing.com

Wednesday’s market has seen notable shifts with stocks like Amazon Com Inc (NASDAQ:) and Chevron (NYSE:) experiencing movement on the upside, while Advanced Micro Devices (NASDAQ:) faced a downturn. Investors are reacting to a mix of earnings reports, strategic announcements, and industry developments. Below are highlights of some of the biggest stock movers, from mega-caps to small caps. Mega-Cap Movers (Market Cap $200B+): Amazon Com Inc (AMZN); Apple (NASDAQ:) To

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November 13, 20240 Comments

Trump names Musk, Ramaswamy to lead newly formed Department of Government Efficiency By Reuters

WASHINGTON (Reuters) -U.S. President-elect Donald Trump said on Tuesday Elon Musk and former Republican presidential candidate Vivek Ramaswamy will lead the newly created Department of Government Efficiency. Musk and Ramaswamy “will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” Trump said in a statement. Trump said their work would conclude by July 4, 2026, adding that a smaller

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November 11, 20240 Comments

Trump tariffs likely to lead to higher U.S. interest rates: IIF chief

Extreme tariffs proposed by U.S. presidential candidate Donald Trump would interrupt the path of disinflation and could lead to higher interest rates, according to the head of the Institute of International Finance. “The assumption is you’ll have higher inflation, higher interest rates than you would have in the absence of those tariffs,” Tim Adams, president and CEO of the IIF financial services industry trade group, told CNBC’s Karen Tso on

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