Israeli strikes dealt a serious blow to Iran’s missile operations but far from destroyed them
Damaged buildings at the Parchin facility on October 27. Satellite images show that Israel’s retaliatory strikes against Iran on Saturday caused damage at military installations linked to Tehran’s missile program. Officials and analysts say the Israeli attack will have some impact on Iranian missile manufacturing operations, but the strikes may fall short of rendering them…
Meet Miriam Adelson, the billionaire GOP donor who’s given $100 million to support Donald Trump’s campaign
Miriam Adelson with Donald Trump. Miriam Adelson, the widow of Las Vegas Sands Corporation CEO Sheldon Adelson, is one of the richest women in the US with an estimated net worth of $35.6 billion, according to Forbes. The Adelsons have donated hundreds of millions of dollars to GOP super PACs, as well as Jewish and…
Mortgage rates will be high throughout 2025 even as the Fed lowers borrowing costs, Goldman Sachs says
Housing affordability isn’t set to get much better next year, Goldman Sachs analysts say. In the bank’s 2025 Housing Outlook, the analysts forecast mortgage rates will remain elevated, even as the Federal Reserve cuts interest rates. They expect mortgage rates to stay above 6% next year and end 2025 at 6.1%. According to Freddie Mac…
The national debt crisis is set to worsen no matter who wins the election — here’s what you can do to protect your portfolio
A US Bureau of Engraving and Printing’s Western Currency Facility employee overlooks newly printed hundred dollar bills. The US has a big, $35 trillion problem: the national debt. After a bout of pandemic stimulus, the national debt ballooned from an already hefty 103% of GDP in 2019 to 120% currently. Left unchecked, the deficit will…
Why Citadel’s longest-running equities unit is focused on shorting stocks
Ken Griffin’s Citadel manages $64 billion. While some big bets against specific stocks have blown up in hedge funds’ faces in recent years, there’s still a focus on shorting at Citadel’s longest-running equities unit. Citadel Global Equities, a market-neutral strategy that started in 2001 for Ken Griffin’s $64 billion firm, has generally made more in…
Five Apple Intelligence features that you can try out now on your iPhone
Apple Intelligence introduces several AI features to eligible iPhones. The first Apple Intelligence features are out now. Apple’s GenAI tools have been highly anticipated since first announced at the Worldwide Developer Conference in June, and eligible iPhone owners can now test out a handful of AI functions. Apple Intelligence is only available on iPhone 15…
A hint in 3rd-quarter earnings calls suggests S&P 500 corporate profits are about to boom, Bank of America says
Executives have been dropping hints in third-quarter earnings calls that suggest corporate profits will surge in 2025, according to Bank of America. Strategist Savita Subramanian highlighted in a Monday note that with more than one-third of S&P 500 companies having reported results, mentions of the word “bottom” on earnings calls have surged. “Companies have been…
I’m a California teacher who thinks phone use in classrooms is a big problem. I’m not convinced a new law will solve it.
Many school districts already have a smartphone rule in place. Joelle Clark says that just because it’s written in a law doesn’t mean it’s going to be followed. I’ve been a teacher for six years, and I teach special-ed high-school students with mild to moderate learning disabilities. I recently decided to take up travel teaching.…
The Fed is likely to disappoint markets with just one more rate cut this year amid global inflation, BlackRock CEO says
BlackRock CEO Larry Fink The Federal Reserve will disappoint markets by cutting interest rates just one more time in 2024, BlackRock CEO Larry Fink said. Fink said the Fed will likely cut interest rates by 25 basis points before the end of the year amid a rise in global inflation. “I think it’s fair to…
