Palantir Technologies Inc. raised its annual revenue outlook to $4.4 billion and outpaced analyst estimates for third-quarter sales, though the shares declined in after-hours trading on concerns about the company’s lofty valuation after a record run-up. Palantir shares fell about 3% in extended trading after earlier gaining as much as 7% following the report. Investors […]
Denny’s said Monday that it’s being acquired by a group on investors in a deal that will take the breakfast chain private. Denny’s board unanimously approved the deal, which values Denny’s at $620 million including debt. Denny’s will be purchased by private equity investment company TriArtisan Capital Advisors, investment firm Treville Capital and Yadav Enterprises, […]
In lieu of official economic data (thanks, government shutdown), we have the Chipotle (CMG) economic indicator. And if it’s to be believed on an initial pass, we are either in a mild recession or nearing one. While I was listening to Chipotle’s earnings call Wednesday night, CEO Scott Boatwright pinned a weak quarter and soft […]
Investors and analysts have spent much of the year embracing the view that the oil market, which has been in oversupply mode, is heading straight for a glut through 2026 — and that glut could reach as high as 4 million barrels per day (b/d) and depress global prices even further along the way. That […]
The government shutdown is less than a week from breaking the record as the longest in US history. As economic pain points begin to mount, President Trump has called for Senate Republicans to eliminate the filibuster to force an end to the shutdown. “THE CHOICE IS CLEAR — INITIATE THE ‘NUCLEAR OPTION,’” Trump posted on […]
Gold’s (GC=F) rise to all-time highs this year has sparked a growing appetite for tokenized bullion as investors look for ways to take part in the “debasement trade,” but on blockchain. The precious metal issued in token form uses the same technology that underpins cryptocurrencies, with issuer guarantees that the tokens are backed by physical […]
(Reuters) -Bitcoin on Friday was on track for a monthly loss in October for the first time since 2018, snapping a seven-year streak of gains that had earned the month a lucky reputation among cryptocurrency traders. Bitcoin, the world’s largest cryptocurrency, is set for a nearly 5% decline this month, as the digital asset has […]
If you are flying anytime soon, you may need to be prepared for some turbulence. The government shutdown — entering its 31st day on Friday — continues to have a negative impact on the travel industry due to staff shortages. On Thursday, 7,250 flights were delayed and 1,249 were canceled across the country, according to […]
An ad featuring the late Ronald Reagan is turning into an international incident that has President Donald Trump threatening to raise tariffs on Canada by an additional 10%. The ad, funded by the Ontario government and posted to X by Ontario Premier Doug Ford, includes excerpts from an address Reagan gave in 1987 in which […]
Inflation came in better than expected in September, a welcome downside surprise that gives policymakers a bit more breathing room as they weigh another rate cut. It was exactly the kind of reading the Fed (and investors) wanted to see: softer shelter, moderating core services, and just enough cooling across key categories to keep the […]
September’s Consumer Price Index (CPI) is expected to show inflation holding stubbornly around 3%, underscoring how tariffs and service-sector stickiness continue to complicate the Federal Reserve’s path toward its 2% target. The report, set for release on Friday at 8:30 a.m. ET, was delayed by the ongoing government shutdown. It marks the first major piece […]
US stock futures were mostly flat Thursday night as investors looked ahead to a crucial inflation report that could shape expectations for the Federal Reserve’s next policy moves. Dow Jones Industrial Average futures (YM=F) slipped just below the flatline. Contracts on the S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) inched up roughly 0.1%. […]
