President-elect Donald Trump this week transferred his entire stake of shares in Trump Media to a revocable trust of which he is the sole beneficiary, regulatory filings revealed Thursday evening. Trump did not receive any money for the gift of his 114,750,000 shares of Trump Media stock to the Donald J. Trump Revocable Trust on Tuesday, according to a filing…
OpenAI’s “12 Days of Shipmas,” which wrapped up on Friday, brought a sense of levity to end the year. The marketing blitz served as a way for the high-profile and controversial AI startup to show it can release an extensive roster of new features and tools while also having some…
Love Starbucks holiday drinks? This week, you may not get them. Starbucks Workers United announced baristas will strike starting Friday in three key markets — Seattle, Los Angeles and Chicago. The union said the move is in response to the coffee chain’s “failure to bring viable economic proposals to the…
Party City on Friday announced it will close all of its stores and has initiated corporate layoffs effective immediately, according to a CNN report. CEO Barry Litwin told corporate employees in a meeting viewed by CNN that Party City has to “commence a winddown process immediately,” and that Friday would be…
The Consumer Financial Protection Bureau is suing America’s three largest banks, accusing the institutions of failing to protect customers from fraud on Zelle, the payment platform they co-own. According to the suit, which also targets Early Warning Services LLC, Zelle’s official operator, Zelle users have lost more than $870 million…
Uncertainty in the stock market makes it difficult to make investment decisions. When investors sell off stocks, everyone follows without giving it much thought and you’re left trying to figure out which path you should take. We saw this price action in the stock market on Wednesday after the Federal…
The Yield Curve The RRG above shows the rotations of the various maturities on the US-Yield Curve. What we see at the moment is that the shorter maturities like BIL, SHY, and IEI are in relative uptrends against GOVT which means that the accompanying yields are being pushed lower. The…
When running my StockCharts Technical Rank (SCTR) scan on Thursday, I was a little surprised to find that 75 exchange-traded funds (ETFs) and large-cap stocks made the cut, especially after Wednesday’s selloff. It was a little ray of hope. A quick sweep of the list didn’t reveal a particular sector…
Some House Republicans are privately fuming after Elon Musk and Vivek Ramaswamy got involved in congressional talks on government funding, leading the charge to tank a bipartisan deal. Several GOP lawmakers granted anonymity to speak freely about a sensitive situation were either frustrated about the pair getting involved or believe…
The chaotic collapse of the continuing resolution spending bill is putting House Speaker Mike Johnson’s leadership under the spotlight and Sen. Rand Paul, R-Ky., has floated the idea of replacing him with Elon Musk, President-elect Trump’s pick to co-chair his Department of Government Efficiency (DOGE). Paul took to Musk’s X…