Investors should be hesitant to dive into stocks after the rate cut, with election uncertainty looming, Fundstrat’s Tom Lee says
Prominent stock market bull Tom Lee has long called for a big rally after the Federal Reserve cuts interest rates. But after a big 50 basis point cut on Wednesday, Lee says he’s feeling cautious ahead of the November election. “This Fed cut cycle I think is setting the stage for markets to be really…
Norwegian unveiled plans for a new cruise ship — complete with a roller coaster waterslide and night club to take on Royal Caribbean
Norwegian Cruise Line said its 21st cruise ship, Norwegian Luna, shown in a rendering, will debut in 2026. If you’re tired of only hearing about ultra-large cruise ships or ultra-expensive small ones, Norwegian Cruise Line has the answer. On Wednesday, the popular cruise company unveiled details of Norwegian Luna, its next Prima Plus Class ship.…
JetBlue is fixing its business class’ biggest weakness by building its own airport lounges
JetBlue Reimagined Mint seating. JetBlue Airways plans to build its first airport lounges, it announced Thursday. The new lounges, the first of which are set for New York’s JFK International and Boston Logan International, are part of the New York-based carrier’s continued push to bolster its premium Mint business class experience. “Customers have asked for…
Diddy, anticipating his arrest, paid off the mortgage on his $48.5 million mansion
Homeland Security Investigation agents raided Sean “Diddy” Combs’ Miami mansion earlier this year. New details about Sean “Diddy” Combs’ Miami mansion were uncovered as part of his bond hearing this week. In March, the feds raided the hip-hop mogul’s Star Island house, where they say they found supplies, including narcotics, baby oil, and lubricant, for…
Secret Service is investigating Elon Musk’s ‘Biden/Kamala’ assassination tweet
Tesla CEO Elon Musk has said that a tweet questioning why no one was trying to kill President Joe Biden or Vice President Kamala Harris was a joke. The Secret Service is looking into Tesla CEO Elon Musk’s tweet that questioned why no one was trying to assassinate President Joe Biden or Vice President Kamala…
Trump Media stock drops as lockup expiration set to give the former president clearance to sell shares
Former President Donald Trump could reap billions if Truth Social’s parent company’s long-delayed merger finally goes through. Trump Media & Technology Group shares dropped to their lowest level since the company went public earlier this year as a lockup period preventing insider selling was set to expire. The Truth Social parent company’s shares slid as…
The Fed has poured rocket fuel on the red-hot AI trade
The stock market’s artificial intelligence trade boomed on Thursday, a day after the Federal Reserve issued a jumbo interest rate cut of 50 basis points. The tech-heavy Nasdaq 100 soared nearly 3% on Thursday, while the underlying AI trade saw even bigger gains. Shares of Nvidia, Broadcom, and ASML — companies seen as integral to…
DryMerge aims to link your apps in one place. Here’s the 8-page pitch deck its Gen Z founders used to raise $2.2 million.
DryMerge cofounders Edward Frazer (left) and Sam Brashears (right) speak onstage. Edward Frazer and Sam Brashears have built software together since fourth grade, and that’s exactly what they’ll start with if you’re a venture capitalist listening to their pitch for funding. The two 22-year-old cofounders and longtime friends started developing the API integration software known…
Trump’s crypto allies boast lavish lifestyles amid trail of debts
Former U.S. President, pictured here at a Virginia campaign rally, recently became the face of the crypto venture World Liberty Financial. His new business partners have checkered pasts. Donald Trump is the face of a new cryptocurrency business whose founders have a professional past littered with debts, lawsuits, and some questionable dating advice. In an…
