This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The Dow Jones Industrial Average (^DJI), Nasdaq 100 (^NDX), and S&P 500 (^GSPC) all notched record highs on Wednesday. The latter, the world’s benchmark stock index, also came tantalizingly close to hitting the big, psychological 5,000 level for the first time. Meanwhile, stocks are now in one of the seasonally weakest months of the year, with an even weaker month ahead… Source link
Read More »Asked if he supports RNC chairwoman, Trump suggests there will ‘probably be some changes made’
NEW YORK (AP) — Former President Donald Trump issued a warning to the Republican National Committee’s chairwoman in an interview aired Sunday, saying when asked about her that there would “probably be some changes made.” Trump had been asked by Fox News host Maria Bartiromo about Ronna McDaniel, who has been facing withering attacks from some Trump allies, including the group Turning Point, which was part of an unsuccessful effort to oust her last year. “I think she did great when she ran… Source link
Read More »Stocks sink after Powell suggests Fed may not cut rates in March
Paramount Global (PARA) shares skyrocketed more than 10% in early trading on Wednesday after Bloomberg reported media mogul Byron Allen made a $14.3 billion bid to buy all of Paramount’s outstanding shares. According to the report, Allen offered $28.58 each for the company’s voting shares, marking a 50% premium compared to recent trading levels, and $21.53 for non-voting shares. Including existing debt, the total value of the deal amounts to roughly $30 billion. It’s unclear how he would… Source link
Read More »Stocks sink after Powell suggests Fed may not cut rates in March
Paramount Global (PARA) shares skyrocketed more than 10% in early trading on Wednesday after Bloomberg reported media mogul Byron Allen made a $14.3 billion bid to buy all of Paramount’s outstanding shares. According to the report, Allen offered $28.58 each for the company’s voting shares, marking a 50% premium compared to recent trading levels, and $21.53 for non-voting shares. Including existing debt, the total value of the deal mounts to roughly $30 billion. It’s unclear how he would… Source link
Read More »