In the past, a GOP sweep has typically led to significant gains for defense stocks. Research conducted by Wells Fargo analyst Matthew Akers shows that the defense sector tends to outperform the S & P 500 by over 12 percentage points when the Republican Party controls both Congress and the executive branch. Conversely, when a
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A federal judge in Florida made a significant ruling on Monday by dismissing the criminal classified documents case against former President Donald Trump and two co-defendants. The case revolved around allegations that Trump illegally retained classified government documents at his Mar-a-Lago club in Florida after leaving the White House. The judge, Aileen Cannon, who was
Elon Musk caused quite a stir when he took to social media to announce his full endorsement of former President Donald Trump. This announcement came shortly after Trump was rushed offstage during a rally in Pennsylvania due to gunshots being fired. Musk expressed his support for Trump and wished him a speedy recovery after the
When Brandon Fishman decided to run a discount on his vitamin-infused coffee during Target’s sales event, he never anticipated the negative impact it would have on his Amazon sales. Despite being the owner of the VitaCup brand, Fishman found himself losing the buy box to a reseller of his own products. This unexpected turn of
SpaceX’s Falcon 9 rocket recently experienced an inflight failure during the “Starlink Group 9-3” mission, causing the rocket’s upper second stage to fail to reignite its engine as planned. This rare misfire led to the destruction of the upper stage, grounding the Falcon 9 until an investigation can be conducted and approved by the Federal
The National Football League is currently exploring the possibility of allowing minority private equity ownership for its 32 teams at a maximum of 10%, according to Commissioner Roger Goodell. In an exclusive interview with CNBC, Goodell emphasized the importance of adapting the league’s policies to reflect the evolving landscape of sports. He mentioned that there
A bipartisan group of senators recently initiated a fresh attempt to prohibit members of Congress from engaging in stock trading. This proposal aims to address concerns regarding lawmakers profiting from privileged information and gaining an unfair advantage in the market. The proposed legislation would immediately prevent members of Congress, the president, and the vice president
House Democrats recently gathered at their national party headquarters in Washington, DC, for a closed-door meeting to discuss a critical decision: whether to continue supporting President Joe Biden’s reelection bid or advocate for his withdrawal from the race. This meeting, held in the aftermath of Biden’s lackluster debate performance against former President Donald Trump, has
NASCAR recently unveiled a groundbreaking prototype electric race car, marking a significant shift towards sustainability within the sport. This initiative is aimed at reducing the organization’s emissions and electrifying various aspects of stock car racing. Despite the traditional nature of the sport, NASCAR is committed to reaching net-zero operating emissions by 2035, aligning with broader
President Joe Biden is facing a critical week where he must convince voters that he has what it takes to defeat President Donald Trump in the upcoming election. With a growing chorus of Democratic lawmakers, strategists, and donors calling on him to drop out of the race following a lackluster debate performance on June 27,