Michael Juliano

Michael Juliano

Who Wins, Who Loses? Biden and Trump's Tax Policies Are Very Different
Biden and Trump have different tax policies for the American people. Trump's tax cuts for the wealthy would stay, while Biden plans to raise taxes.
Supreme Court Overturns Chevron Ruling: Biden Administration Warns Of 'Convulsive Shock'
The US Supreme Court overturned Chevron doctrine, allowing judges to decide on ambiguous laws. Stocks of gun, tobacco, timber, and homebuilding companies had mixed reactions.
Inflation Data Shows Fed Policy Is 'Working', Daly Says
"We have growth slowing, spending slowing, the labor market slowing, inflation coming down," Fed President Mary Daly tells CNBC.
Warren Buffett Sets Up New Trust As He Turns Away From Gates Foundation
After his death, Warren Buffett's billions will go to a new charitable trust run by his daughter and two sons, instead of the Gates Foundation.
Massachusetts Attorney General Says Sacklers 'Will Be Held Responsible' After Supreme Court Vacates Purdue Bankruptcy Plan
Massachusetts AG Campbell will make sure Sackler family pays for their role in fueling opioid crisis. Supreme Court rejects Purdue Pharma's bankruptcy plan.
Multivitamins Show No Link To 'Lower Risk of Death,' Study Finds
Study shows no link between daily multivitamin use and lower risk of death in healthy adults. No difference in mortality from cancer, heart disease, or cerebrovascular diseases.
Pandemic Piggy Banks Run Dry: US Economy Braces For Impact
US economy resilient but savings depleted. Recent job growth and Fed's interest rates keeping consumers afloat, but delinquencies on the rise.
Walgreens Plans 'Significant' Store Closures As It Faces 'Difficult Operating Environment'
Major US pharma chain Walgreens to close undisclosed number of stores due to headwinds, CEO acknowledges challenges. Rite Aid also faces bankruptcy.
New Home Sales Dip In May As High Mortgage Rates Keep Buyers 'On The Sidelines'
Sales of new single-family homes declined in May due to high mortgage rates. Median sales price was $417,400. Inventory low, demand strong.
US Steel's $3 Billion Mini-Mill Sparks Stock Upgrade: What Investors Need To Know
U.S. Steel (X) sees optimism for its $3B Mini-Mill in Arkansas. BMO upgraded stock from Market Perform to Outperform, expecting increased profits by 2026.
Bond Traders Expect Much Deeper Interest Rate Cuts Than Projected
U.S. bond traders predict higher interest-rate cuts by Fed in response to economic data and remarks by officials, but unlikely unless a recession occurs.
6 Biggest US Banks Ramp Up Buybacks, Undeterred By Stress Tests
US banks defy stress tests & buy back $14B in shares, signaling confidence. JPM & BAC slip, WFC up. Banks consider hypothetical crisis scenarios.
Fed Gov. Cook Calls For Lower Interest Rates 'At Some Point'
Federal Reserve Governor Lisa Cook recommends lowering interest rate, citing progress on inflation and labor market. No set timeline given.
Nvidia Rebounds Over 6% After $550B Market Cap Loss
Nvidia Corp (NASDAQ:NVDA) lost $550B in market value but has since risen back to $3.07T. Analysts warn of broader market slump if NVDA corrects.
Consumer Confidence Declines As Worries Over Economy Persist
Consumer confidence dips in June due to mixed views on present and future business and labor market conditions, with concerns over weakening economy.
US Surgeon General Calls Gun Violence A Public Health Issue
US Surgeon General declares gun violence a public health crisis, citing high death rates and mental toll. He urges public to address it as a health issue.
Mortgage Stocks Tick Up As Freddie Mac Is Allowed To Buy Second Mortgages
US-listed mortgage lenders are rising as regulators allow Freddie Mac to buy second mortgages, potentially reducing the cost of borrowing against home equity.
Bank Stocks Trend Upward As Fed Shares Possible Changes To Bank-Capital Overhaul
he Federal Reserve is considering changes to their bank-capital overhaul, possibly reducing the increase from 16% to 5%. Wall Street banks would benefit.
Air Conditioner, Utilities Shares Climb As Heat Wave Heads From Midwest To The South
Extreme heat wave drives up US natural gas prices and stock prices for air conditioner manufacturers, utility companies, and some energy stocks.
Market's Higher Neutral Rate Expectations May Challenge Bond ETFs
Bond ETFs flat pre-market as neutral rate expected to remain high. Higher rate may limit Fed's rate-cutting ability, impacting bond performance.