Here are some charts that reflect our areas of focus this week at XLU Leads with New High Even though the Utilities SPDR (XLU) cannot keep pace with the Technology SPDR (XLK) and Communication Services SPDR (XLC), it is in a leading uptrend. XLU formed a cup-with-handle from November to July and broke to new highs the last two weeks. ...
A federal appeals judge on Friday blocked President Donald Trump’s plan to end birthright citizenship for the children of people in the country illegally or temporarily. U.S. District Judge Leo Sorokin ruled that a nationwide injunction on the Trump administration’s effort to end birthright citizenship that he issued earlier this year and that was granted to more than a dozen ...
Trump administration regulators have approved Skydance Media’s $8 billion bid to acquire CBS News parent company Paramount, paving the way for a tectonic shift in ownership of one of America’s three major networks. The Federal Communications Commission said Thursday that it had approved the acquisition, with FCC Chairman Brendan Carr adding in a news release that the move would bring ...
The copper price was volatile during the second quarter of 2025, but remained elevated compared to the price point near the start of the year. Several factors were at play for copper during the second quarter, most notably the ongoing threat of tariffs on several sectors with close ties to the red metal. This also caused significant fallout in global ...
Christie’s International Real Estate has launched a new crypto real estate division. Led by Aaron Kirman, the division already manages over $1 billion in crypto-listed properties. This makes Christie’s the first major brokerage to build a formal crypto-focused department. Christie’s Targets Crypto Millionaires with $1 Billion Real Estate Offering According to The New York Times The post Brokerage Firm Christie’s ...
The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside. How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll ...
As part of his effort to ‘Make America Safe Again,’ President Donald Trump signed an executive order to allow cities and states to remove homeless people off the streets and into treatment centers. Trump signed the order, ‘Ending Vagrancy and Restoring,’ Thursday afternoon. The order states that the ‘number of individuals living on the streets in the United States on ...
UnitedHealth Group revealed Thursday it is facing a Justice Department investigation over its Medicare billing practices. It comes after the Wall Street Journal reported in May that the Department of Justice is conducting a criminal investigation into the health-care giant over possible Medicare fraud. In response at the time, the company said it stands “by the integrity of our Medicare ...
Here’s a quick recap of the crypto landscape for Wednesday (July 23) as of 9:00 p.m. UTC. Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news. Bitcoin and Ethereum price update Bitcoin (BTC) was priced at US$118,148, down by 0.7 percent over the last 24 hours. The highest valuation today was ...
FTX has secured court approval to reduce its disputed claims reserve by $1.9 billion, This move will release significant funds for the next round of customer and creditor distributions. The reserve cut, approved by the Delaware bankruptcy court, reduces the total claims reserve from $6.5 billion to $4.3 billion. FTX Sets August 15 Record Date, The post Court Approves $1.9B ...
The chart of Meta Platforms, Inc. (META) has completed a roundtrip from the February high around $740 to the April low at $480 and all the way back again. Over the last couple weeks, META has now pulled back from its retest of all-time highs, leaving investors to wonder what may come next. Is this the beginning of a new ...
President Donald Trump declared that the United States will do ‘whatever it takes’ to win the global race to artificial intelligence dominance, during an address at a summit held in the nation’s capital Wednesday. ‘From this day forward, it’ll be a policy of the United States to do whatever it takes to lead the world in artificial intelligence,’ Trump said ...