(Bloomberg) — An upcoming US Supreme Court ruling on the legality of the sweeping tariffs that President Donald Trump rolled out in April — briefly sending markets worldwide into a tailspin — could be the next test for stocks that have been flying high. The S&P 500 Index has since rallied 39% from the lows […]
Broadcom (AVGO) stock fell more than 11% on Friday after the company’s quarterly results revealed investor concerns about the profitability of its AI business. The company reported results late Thursday that topped Wall Street forecasts. The top Google (GOOGL, GOOG) chip supplier reported it received orders from leading AI developer Anthropic (ANTH.PVT) that surged to […]
The S&P 500 Index ($SPX) (SPY) on Thursday closed up by +0.21%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +1.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.35%. December E-mini S&P futures (ESZ25) rose +0.23%, and December E-mini Nasdaq futures (NQZ25) fell -0.33%. Stock indexes settled mixed on Thursday, […]
What Happened? Shares of online advertising giant Alphabet (NASDAQ:GOOGL) fell 2.6% in the afternoon session after reports surfaced that its Google unit was expected to be fined by EU antitrust regulators for favoring its own services, contributing to a broader tech sector downturn. The potential penalty stemmed from charges that Google did not do enough […]
Tuesday was not just the day before the Federal Reserve announced its latest rate cut. It was also the day that the leader of U.S. bank stocks dropped like a rock. JPMorgan (JPM) fell by 4.66% on the day, after the CEO of its Consumer & Community Banking unit startled traders by explaining that its […]
Gemini is entering the prediction markets space. The Commodity Futures Trading Commission granted a Designated Contract Market license to Gemini Titan, an affiliate of the crypto exchange’s Gemini Space Station, Inc., enabling the exchange to offer event contracts to American customers. “Today’s approval marks the culmination of a five-year licensing process and the beginning of […]
US stock futures inched down Wednesday as Wall Street waited for the Federal Reserve’s final policy decision of the year. Dow Jones Industrial Average futures (YM=F) and contracts tied to the S&P 500 (ES=F) held just below the baseline. Futures on the Nasdaq 100 (NQ=F) crept down around 0.1%. The muted action follows several sessions […]
Despite a bumpy start to the year, with shares still down nearly 20% year-to-date and trailing the S&P 500 Index’s ($SPX) 16.4% gain, Marvell (MRVL) has staged an impressive rebound. Over the past three months, the stock has surged 33%, driven by the strong performance of its data center busniness. The catalyst behind this sharp […]
Tesla stock got a downgrade on Monday, sending it tumbling as much as 4% as Morgan Stanley lowered its recommendation for the first time since 2023. Morgan Stanley’s Andrew Percoco downgraded Tesla from an “Overweight/Buy” to an “Equal Weight/Hold” rating. While he increased his price target to $425 per share, up from the previous $410, […]
BANGKOK (AP) — Asian shares mostly fell Tuesday after U.S. stocks pulled away from their record heights, while U.S. futures edged higher. Tokyo’s Nikkei 225 index was the main outlier, gaining 0.1% to 50,655.10. Chinese markets declined as investors watched for news from the Central Economic Work Conference, an annual planning meeting of the ruling […]
Dollar store chains have seen an influx of higher-income shoppers this year as economic uncertainty wobbles and households, even those that are wealthy, look to save. “We’re pleased to see growth once again in our total customer count, with disproportionate growth coming from higher-income households,” Dollar General (DG) CEO Todd J. Vasos told investors on […]
Dow Jones futures were little changed Sunday night, while S&P 500 futures and Nasdaq futures rose slightly. Broadcom and Oracle earnings loom this week along with the year’s final Federal Reserve meeting. President Donald Trump said Sunday night that the proposed Netflix (NFLX) takeover of Warner Bros. Discovery (WBD) could be a problem. “It’s a […]
