Author: Daniel snow

Workers across the United States are getting a raise this week after minimum wage increases took effect across several states and localities Tuesday.The wage increases are expected to affect more than 880,000 workers this summer as minimum wage laws take effect in areas including Alaska, Oregon, Washington, D.C. and certain cities in California and Washington state, according to a report by The Economic Policy Institute.In Everett, Washington, a city just north of Seattle, companies with more than 500 employees are now required to pay a minimum of $20.24 an hour. In Alaska, the statewide minimum wage is now $13.00 an…

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U.S. Senate Majority Leader John Thune (R-SD) walks to the Senate floor as Republican lawmakers struggle to pass U.S. President Donald Trump’s sweeping spending and tax bill, on Capitol Hill in Washington, D.C., U.S., July 1, 2025. Nathan Howard | Reuters”I believe we do,” Thune said, when asked by reporters if Republicans have reached a deal, following days of evolving negotiations and last-minute additions to convince skeptical GOP lawmakers to back the megabill.Thune did add, however, that he is “always a bit of a realist.”Republican leadership has worked around the clock for days to secure enough votes in the upper chamber…

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Cliff Asness.Chris Goodney | Bloomberg | Getty ImagesAQR Capital Management took advantage of a volatile first half of 2025, with a duo of hedge funds doubling the S&P 500’s return.The Apex strategy from Cliff Asness’ firm, which combines stocks, macro and arbitrage trades and has $4.3 billion in assets under management, rallied 11.4% in the first six months of the year, according to a person familiar with AQR’s returns who asked to be anonymous as the information is private.AQR’s long-short Delphi equity fund, with $4.1 billion in assets under management, gained 11.6% net of fees in the first half of 2025,…

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Shortly after the opening bell, we will sell 25 shares of Broadcom at roughly $272.78. Following the trade, Jim Cramer’s Charitable Trust will own 575 shares, decreasing its weighting to about 4.4% from 4.57%. Consistent with what we said last Tuesday, we are peeling off some shares of Broadcom following its strong push to new all-time highs. After another 2% move on Monday, shares are up nearly 19% year to date and almost 90% from its lowest close in April. Over the past 12 months, the stock has gained about 68%, trouncing the S & P 500’s 13% return. This…

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