Mueller water products VP Smith sells $653,306 in stock
Ronaldinho to become grandfather aged just 45 as Barcelona and Brazil legend’s son, 19, to have first childLara Trump stepping down as RNC co-chair and addressing speculation about Florida Senate seatLara Trump will step down as co-chair of the Republican National Committee as she considers a number of potential options with her father-in-law, President-elect Donald Trump , set to return to the White House. Among those possibilities is replacing Florida Sen. Marco Rubio , whom Trump tapped to be the next secretary of state. If Rubio is confirmed, his replacement — who would be chosen by Florida Gov. Ron DeSantis — would serve for two years until the next regularly scheduled election in 2026, at which point the seat would be up for election again. “It is something I would seriously consider,” Lara Trump told The Associated Press in an interview. “If I’m being completely transparent, I don’t know exactly what that would look like. And I certainly want to get all of the information possible if that is something that’s real for me. But yeah, I would 100% consider it.” Elected as RNC co-chair in March, Lara Trump was a key player in the Republicans retaking the White House and control of the Senate while maintaining a narrow House majority. What she does next could shape Republican politics, given her elevated political profile and her ties to the incoming president. The idea of placing a Trump family member in the Senate has been lauded in some Republican circles. Among the people pushing for her to replace Rubio is Maye Musk, mother of Tesla and SpaceX CEO Elon Musk . “The Senate is an old man’s club. We desperately need a smart, young, outspoken woman who will reveal their secrets,” she posted on X. Lara Trump is 42. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.Shares of chipmaker Advanced Micro Devices ( AMD -5.57% ) fell 5.4% in Monday trading, as of 2 p.m. ET. The semiconductor stock fell today on the heels of an analyst downgrade from a Wall Street sell-side analyst, capping off a difficult few trading days for the artificial intelligence (AI) hopeful. Bank of America downgrades Today, Bank of America analyst Vivek Arya downgraded AMD to neutral from buy, while lowering his price target from $180 to $155. The timing of today's downgrade was also noteworthy. On Friday, AMD's stock also declined following a statement from an Amazon executive that Amazon Web Services (AWS), the largest cloud platform on the planet, was "not yet seeing" demand for AMD's MI300 roster of AI GPUs. AMD had hoped to make inroads in the exploding AI market, but at least this quote suggests the major clouds are either buying leader Nvidia 's most advanced chips or merely making their own in-house designed training chips at lower cost. Just last week, Amazon said its Trainium2 chips were available, and that it was building a "supercluster" with said Trainium chips for outside customers and AI start-up Anthropic, in which Amazon has invested. Apparently, BofA sees the rise of cheaper internally made chips from all cloud providers, as well as Nvidia's upcoming Blackwell chip, as crowding out the opportunity for AMD in AI. Additionally, Arya noted some have projected soft PC demand in the first half of 2025, which could further weigh on AMD results. AMD could be vulnerable AMD has been a stock market darling for a number of years, but that has pushed its valuation up to 122 times earnings and nearly 30 times next year's projections . With expectations so high, it's perhaps not surprising to see the stock react this harshly on today's downgrade.
Fathom Realty Names Andrew Shock, Vice President of Operations, to Drive Growth and Innovation
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NoneWith technical prowess and considerable style, Marta danced around two sliding defenders, outwitted a goalkeeper and calmly scored as another player rushed forward in desperation to stop her. It was more Marta Magic. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
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Josh Allen Taking Heat For 'Embarrassing' Behavior SundayNEW YORK (AP) — U.S. stock indexes fell Thursday following some potentially discouraging data on the economy . The S&P 500 slipped 0.5% for its fourth loss in the last six days. It’s a pause for the index, which has been rallying toward one of its best years of the millennium . The Dow Jones Industrial Average lost 234 points, or 0.5%, and the Nasdaq composite sank 0.7% from its record set the day before. A report early in the morning said more U.S. workers applied for unemployment benefits last week than expected. A separate update, meanwhile, showed that inflation at the wholesale level, before it reaches U.S. consumers, was hotter last month than economists expected. Neither report points to imminent disaster, but they dilute one of the hopes that’s driven the S&P 500 to 57 all-time highs so far this year : Inflation is slowing enough to convince the Federal Reserve to keep cutting interest rates, while the economy is remaining solid enough to stay out of a recession. Of the two reports, the weaker update on the job market may be the bigger deal for the market, according to Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley. A surge in egg prices may have been behind the worse-than-expected inflation numbers. “One week doesn’t negate what has been a relatively steady stream of solid labor market data, but the Fed is primed to be sensitive to any signs of a softening jobs picture,” he said. Traders are widely expecting the Fed will ease its main interest rate at its meeting next week. If they’re correct, it would be a third straight cut by the Fed after it began lowering rates in September from a two-decade high. It’s hoping to support a slowing job market after getting inflation nearly all the way down to its 2% target. Lower rates would give a boost to the economy and to prices for investments, but they could also provide more fuel for inflation. A cut next week would have the Fed following other central banks, which lowered rates on Thursday. The European Central Bank cut rates by a quarter of a percentage point, as many investors expected, and the Swiss National Bank cut its policy rate by a steeper half of a percentage point. Following its decision, Switzerland’s central bank pointed to uncertainty about how U.S. President-elect Donald Trump’s victory will affect economic policies, as well as about where politics in Europe is heading. Trump has talked up tariffs and other policies that could upend global trade. He rang the bell marking the start of trading at the New York Stock Exchange on Thursday to chants of “USA.” On Wall Street, Adobe fell 13.7% and was one of the heaviest weights on the market despite reporting stronger profit for the latest quarter than analysts expected. The company gave forecasts for profit and revenue in its upcoming fiscal year that fell a bit shy of analysts’. Warner Bros. Discovery soared 15.4% after unveiling a new corporate structure that separates its streaming business and film studios from its traditional television business. CEO David Zaslav said the move “enhances our flexibility with potential future strategic opportunities,” raising speculation about a spinoff or sale. Kroger rose 3.2% after saying it would get back to buying back its own stock now that its attempt to merge with Albertsons is off . Kroger’s board approved a program to repurchase up to $7.5 billion of its stock, replacing an existing $1 billion authorization. All told, the S&P 500 fell 32.94 points to 6,051.25. The Dow Jones Industrial Average dropped 234.55 to 43,914.12, and the Nasdaq composite sank 132.05 to 19,902.84. In stock markets abroad, European indexes held relatively steady following the European Central Bank’s cut to rates. Asian markets were stronger. Indexes rose 1.2% in Hong Kong and 0.8% in Shanghai as leaders met in Beijing to set economic plans and targets for the coming year. South Korea’s Kospi rose 1.6% for its third straight gain of at least 1%, as it pulls back following last week’s political turmoil where its president briefly declared martial law. In the bond market, the 10-year U.S. Treasury yield rose to 4.33% from 4.27% late Wednesday. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.