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6 mentions found


☆ Premarket stocks: The Dow’s surge is a calculated response to political turmoil
  + stars: | 2024-07-16 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
Tragedy strikes and traders (or trading algorithms) sniff out a way to make money off of it. Stocks also went on a tear as Covid-19 killed millions and gutted economies across the globe. “The market’s up today, but the market’s up every day,” Steve Sosnick, chief strategist at Interactive Brokers, tells me. Whether or not the political bump lasts, some traders did seize on the moment to double down on so-called Trump trades. In short, when the yield curve gets steeper, that’s a sign bond traders are nervous.
Persons: CNN Business ’, Stocks, it’s, Steve Sosnick, Sosnick, ”, “, Trump, Reagan, Coinbase, Elon Musk, Sturm Ruger, he’s, Joe Biden —, ” Sosnick, they’re Organizations: CNN Business, New York CNN — Financial, Dow, Interactive, Trump, White, Macquarie, Trump Media, Smith, Wesson, Democratic, Treasury Locations: New York
☆ BlackRock pulls commercial that included Trump rally shooter
  + stars: | 2024-07-15 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +1 min
New York CNN —Investment giant BlackRock is pulling an ad that included Thomas Crooks, the gunman who shot at Donald Trump, injuring the former president and killing an attendee at a rally near Pittsburgh on Saturday. “In 2022, we ran an ad featuring a teacher from Bethel Park High School, in which several unpaid students briefly appeared in the background, including Thomas Matthew Crooks,” a spokesperson for the company said Sunday. BlackRock said the assassination attempt on former President Trump was “abhorrent” and is “thankful” that he wasn’t seriously injured. BlackRock is a major investor in gun companies, including Sturm Ruger and American Outdoor Brand, the owner of Smith & Wesson. In quarterly earnings reported Monday, the world’s largest money manager said its assets under management had swollen to a record $10.6 trillion.
Persons: Thomas Crooks, Donald Trump, “, Thomas Matthew Crooks, ”, Crooks, BlackRock, Trump, wasn’t, Sturm Ruger Organizations: New, New York CNN — Investment, Bethel Park High School, BlackRock, Brand, Smith & Wesson Locations: New York, Pittsburgh, Bethel
☆ US Halts Exports of Most Civilian Firearms for 90 Days
  + stars: | 2023-10-27 | by ( Oct. | At P.M. | ) www.usnews.com   time to read: +2 min
WASHINGTON (Reuters) -The U.S. has stopped issuing export licenses for most civilian firearms and ammunition for 90 days for all non-governmental users, the Commerce Department said on Friday, citing national security and foreign policy interests. The Commerce Department declined to comment beyond the posting on its website. U.S. companies that sell firearms, including Sturm Ruger & Co., Smith & Wesson Brands and Vista Outdoor, could be impacted by the export ban. Overseas customers include distributors and stores that sell firearms. The pause does not affect previously issued export licenses, Commerce said.
Persons: Johanna Reeves, Reeves, Sturm, Smith, Chris Sanders, Karen Freifeld, Sandra Maler Organizations: WASHINGTON, U.S, Commerce Department, Dola, Export, Sturm Ruger, Co, Wesson Brands, Vista, Overseas, Commerce Locations: U.S, Washington, Ukraine, Israel
☆ US halts exports of most civilian firearms for 90 days
  + stars: | 2023-10-27 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsWASHINGTON, Oct 27 (Reuters) - The U.S. has stopped issuing export licenses for most civilian firearms and ammunition for 90 days for all non-governmental users, the Commerce Department said on Friday, citing national security and foreign policy interests. The Commerce Department declined to comment beyond the posting on its website. U.S. companies that sell firearms, including Sturm Ruger & Co. (RGR.N), Smith & Wesson Brands (SWBI.O) and Vista Outdoor (VSTO.N), could be impacted by the export ban. Overseas customers include distributors and stores that sell firearms. The pause does not affect previously issued export licenses, Commerce said.
Persons: Joshua Roberts, Johanna Reeves, Reeves, Sturm, Smith, Chris Sanders, Karen Freifeld, Sandra Maler Organizations: of Commerce, REUTERS, Rights, U.S, Commerce Department, Dola, Export, Sturm Ruger, Co, Wesson Brands, Overseas, Commerce, Thomson Locations: Washington , U.S, U.S, Washington, Ukraine, Israel
☆ U.S. finance faces ESG backlash, more to come in 2023
  + stars: | 2022-12-27 | by ( Ross Kerber Isla Binnie Simon Jessop | Ross Kerber | Isla Binnie | ) www.reuters.com   time to read: +4 min
Focusing on environmental, social or governance-related issues, ESG in industry parlance, could hit returns to investors, critics said. Other states followed, with Texas accusing BlackRock and banks including Bank of America (BAC.N) of 'boycotting' fossil fuel companies in the transition to a greener economy. WHY IT MATTERSThe criticism comes at a critical time for global climate efforts. A landmark U.N. report earlier this year said time was running out to cap global warming at 1.5 degrees Celsius by 2050. With a number of investigations into finance-linked ESG activities still in train across various states, the prospect of a let-up in pressure in 2023 is slim.
☆ Lawmakers ask Commerce Dept. to curb U.S. gun exports - letter
  + stars: | 2022-09-28 | by ( Mike Stone | ) www.reuters.com   time to read: +2 min
The letter, which was signed by Warren, Senator Chris Murphy and U.S. Representative Joaquin Castro, was sent to Commerce Secretary Gina Raimondo. Register now for FREE unlimited access to Reuters.com RegisterIn 2020, President Donald Trump's administration eased firearms exports when it moved export license oversight from the U.S. State Department to the Commerce Department. However, in the first 16 months since the Commerce Department took over firearm export licensing, it approved nearly $16 billion worth of licenses. The lawmakers, citing U.S government data, said that was a 30% increase from when the State Department controlled firearms licensing. Warren and the other Democrats also expressed concern that since taking over oversight, the Commerce Department had denied 0.4% of license applications and approved 95%.
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