Democrat Graham Platner ended his bid last night for U.S. Senate. And, prominent civil rights attorney Ben Crump has been enlisted to help get answers in the July Fourth weekend death of Nolan Wells.
Data: FactSet; Chart: Matt Phillips President Trump's threat to "cut off all trade " with Spain was immediately a market event — at least in Europe. Why it matters: Well into Trump's second term, foreign investors aren't totally dismissing the president's trade threats, even if the legal authority, the path to implementing them and the ultimate outcome remain unclear. - The U.S. Supreme Court narrowed one of Trump's most aggressive trade authorities. But trade tensions are still flaring up in ways that financial markets are adjusting to. - Top economic officials suggest they are willing to explore how to translate the president's trade demands into policy. Driving the news: "We don't want to do any trade business with Spain anymore,"…
Data: FactSet; Chart: Matt Phillips/Axios The momentum trade is having a terrible start to the second half. Why it matters: Momentum shares drove the market gains early in the year, and it will be harder for the rally to continue without their participation. How it works: Momentum is one of the "factors" some mathematically minded investors, known as quants , use to describe and organize the market according to certain well-understood market trends. - Momentum stocks are defined, more or less, as shares that have been going up — and outperforming the broader market — for roughly a year. - The academic research that quantitative investing is based on has found that such trends have a tendency to persist. - In other words, a momentum…
Some of the biggest items in film history, including Luke Skywalker's lightsaber and the Wicked Witch's hat from "The Wizard of Oz," are up for sale through Heritage Auctions.