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The stock market’s surge may not be indicative of all the obvious people investors are looking for. The S&P 500 rose 2.9% on Tuesday, its highest since May 12. The jump followed reports that President Donald Trump could end the U.S. campaign against Iran, easing inflationary pressures from soaring oil prices. Oil prices have fallen as well, but US Treasury prices have risen (yields have fallen). But investors may be overestimating how quickly inflation caused by historically high oil prices will subside. “We expect headline inflation to reach nearly 4% year over year in the coming months due to higher…

Globalstar Chairman and CEO Jay Monroe rings the opening bell at the New York Stock Exchange on April 21, 2014.Brendan McDiarmid | Reutersshares of global star Shares soared more than 15% in after-hours trading on Wednesday after the Financial Times report. Amazon is in talks to acquire a satellite communications company, according to people familiar with the matter. The two companies are still negotiating some of the complexities of the deal after lengthy negotiations, the paper said. One complicating factor is apple The company acquired a 20% stake in Globalstar in 2024 as part of a $1.5 billion investment to…

Dolly Parton is changing lives simply because she can. After East Tennessee Children’s Hospital announced it would rename the hospital in honor of the “Jolene” hitmaker, the hospital’s president and CEO Matt Shafer revealed how her large donation will highlight countless lives. “What I can tell you is that she has made a generational and transformative commitment to children and their mission,” Schaefer told Healthcare CEO in an interview published March 30. “And that commitment has exceeded our expectations, exceeded our generosity, and will be the lifeblood of this mission now and for many years to come.” Schaefer added, “We…

Raymond James said Disney is trading at a discount, so it’s a good time for investors to buy into the stock. The investment firm upgraded the media giant to outperform the market. It also has a price target of $115, implying a 19% upside from Tuesday’s closing price. This price target implies a forward multiple of around 14x, “a significant discount to the 10-year median given macro concerns and park visitation headwinds.” “We view the current macro environment and international visitor headwinds as an opportunity to invest at a very attractive valuation,” analyst Rick Prentice said in a note to…

One man hopes that everything might still be okay. Taylor Frankie Paul’s Bachelorette trip has been canceled, but Brandon Peirce, one of her suitors on the delayed Season 22, has decided to perform with her new single Secret Lives of Mormon Wives co-star Jesse Draper. “This message is to Jesse from The Secret Lives of Mormon Wives,” he began a March 31 Instagram post. “You’re single, but you have a friend who’s interested. He’s a father, has tattoos, and likes to work out. He has a job, but doesn’t like golf. He has a history with one of your friends.”…

Marriott has been the strongest winner in the travel market, but its strength may now be masking a weaker structure. Despite industry-level growth, the stock is trading at a very high premium compared to its peers, and the chart shows signs of a potential top formation. In a market increasingly focused on slowing growth, slowing consumer spending, and more selective valuation discipline, Marriott would likely be vulnerable to a significant re-rating downgrade if execution is any downside. Trade Timing and Outlook Marriott’s chart is starting to show signs of a potential major top. Head-and-Shoulders Setup: The stock appears to be…

Anthropic accidentally deleted thousands of code repositories on GitHub while attempting to retrieve a copy of the source code for its most popular product from the internet. On Tuesday, software engineers discovered that Anthropic had accidentally included access to the source code of its category-leading Claude Code command-line application in a recent release. AI enthusiasts scoured the leaked code for clues about how Anthropic uses the application’s underlying LLM and shared it on GitHub. Anthropic issued a takedown notice under U.S. digital copyright law, asking GitHub to remove the repository containing the offending code. GitHub records show that the notification…

Sean “Diddy” Combs’ ex-girlfriend says she fainted after reading Kathy Ventura’s lawsuitJane said this on the way. her testimony Part of Ventura’s November 2023 lawsuit-Finally settled-reflected her own experience with comb. “I almost passed out. In fact, I think I passed out,” she tearfully told jurors. “There were three specific pages that made harrowing references to what I was going through.” Jane, who attended “Night at the Hotel,” said she felt like she was reading “her own story.” That led her to confront Combs via text message. “I feel like I’m reading my own sexual trauma,” she wrote in a…

Jeremy Siegel says the U.S. economy still has room to expand unless gas prices rise significantly above $4 a gallon. “I don’t think it’s going to go much higher than $4.10 unless something extreme is done,” the professor emeritus of finance at the University of Pennsylvania’s Wharton School of Business told CNBC’s “Squawk on the Street” on Wednesday. “And in that oil situation, the economy could expand.” Investors worry that rising prices could cause household spending to rise quickly, putting upward pressure on inflation, while a weakening labor market could lead to slower economic growth. U.S. gasoline prices have topped…

When three villagers from China’s Sichuan province wrote to local officials in 2022 asking why the government was confiscating their land and evicting them from their homes, they received a terse reply: It was a “state secret.” That secret, a CNN investigation has found, centered on China’s covert plans to massively expand its nuclear ambitions. More than three years after the evictions, satellite images show, their village has been flattened and, in its place, new buildings erected to support some of China’s most important nuclear weapons production facilities. The expansion of the sites in Sichuan province, observed in satellite imagery…