Louisiana state Rep. Julie Emerson announced on Thursday that she was nixing her U.S. Senate bid in light of President Donald Trump-backed U.S. Rep. Julia Letlow entering the GOP primary. ‘With Congresswoman Letlow’s entrance into the race, the path to victory that was visible a couple of months ago has diminished. I support President Trump […]
A rare filing from economic heavyweights could shape how Supreme Court justices view the limits of presidential control over the Federal Reserve and U.S. monetary policy. On Wednesday, the nation’s highest court heard oral arguments for two hours on whether President Donald Trump has the authority to remove Lisa Cook from the Federal Reserve’s Board [&hel
House Oversight Committee Chairman James Comer, R-Ky., is calling for bipartisanship on a key vote that could lead to former President Bill Clinton and ex-Secretary of State Hillary Clinton facing criminal charges. Comer will ask Democrats to join Republicans in teeing up House-wide votes on holding the Clintons in contempt of Congress on Wednesday, after [&helli
ROME — Italian fashion designer Valentino Garavani has died, his foundation said Monday. Usually known only by his first name, Valentino was 93, and had retired in 2008. Founder of the eponymous brand, Valentino scaled the heights of haute couture, created a business empire and introduced a new color to the fashion world, the ‘Valentino […]
North American Aerospace Defense Command (NORAD) aircraft are headed to Pituffik Space Base, Greenland, for ‘long-planned’ activities, as President Donald Trump continues his controversial push for the U.S. to acquire the island. The NORAD aircraft at Pituffik Space Base, along with aircraft operating from bases in the U.S. and Canada, will support th
Warner Bros. Discovery on Wednesday rejected Paramount Skydance’s amended takeover offer, the latest in a series of rejections in David Ellison’s pursuit of the streaming and cable giant. The media company said it remains committed to the $82.7 billion deal it reached in December to sell its streaming service, studio and HBO cable channel to […
Even with a few short-lived roller coaster rides, the stock market had a strong week. Though there was some selling on Friday, the S&P 500 ($SPX) and Nasdaq Composite ($COMPQ) closed up over the week as a whole, while the Dow Jones Industrial Average ($INDU) closed lower by 0.07%. Earnings season has started on a […]
Definition In the money is an option with intrinsic value that can currently be cashed in at a profit. In the money (ITM) refers to an option that’s profitable (not counting trading costs) or has intrinsic value. An ITM call option means the option holder can buy the security at a price below the market price. An […]
Former Rep. Billy Long, who was nominated by President Donald Trump to be ambassador to Iceland, has apologized after privately joking to House lawmakers that the Arctic island would become the ’52nd state’ with him as its governor. Long, a Republican who represented Missouri from 2011 to 2023 and served a brief stint as IRS […]
Definition A put option is a contract in the options market that gives its owner the right but not the obligation to sell an asset for a certain price by a set date. What Is a Put? A put is a contract sold in the options market that gives its owner the right, but not […]
