The Trump Trade Takes Off
As financial markets reopened after the attempted assassination of Donald Trump, it became clear that the Trump trade is gaining momentum.
Stocks Edge Higher Amid Choppy Week
Stocks nudged higher on Friday, wrapping up a volatile week.
Apple's Stock Surges on Record Buyback and Solid Earnings
Apple's shares saw a significant jump, soaring over 7% on Friday after the tech giant reported impressive second-quarter earnings.
Tesla Faces Turbulence With Slowing EV Demand and Market Pressures
Tesla's shares are struggling, down 28% this year, while the S&P 500 Index gained 10%.
Zara's Parent Company Breaks Records with Strong Sales and Expansion Plans
Inditex, the parent company of Zara, saw a surge in its stock prices, hitting record highs after reporting robust early spring sales.
Apple Hits Pause on Electric Car Project
Apple has decided to pump the brakes on its electric car project, a move that could positively impact its stock performance, according to a report by Morgan Stanley.
Rivian Stock Sees Modest Rebound Amid Investor Losses and Analyst Concerns
Rivian Automotive Inc. saw its shares bounce back slightly on Monday after a tough week marked by disappointing earnings.
Shares Soar as Spirit and JetBlue Appeal Ruling Blocking Merger
Shares of Spirit Airlines surged approximately 10% following the announcement that both Spirit and JetBlue plan to appeal a federal judge's ruling against their merger on antitrust grounds.
Rivian's Stock Dips 10% Following Fourth-Quarter Performance Reveal
Rivian’s stock took a bit of a dip - around 10% - after the company exposed its fourth-quarter performance.
Nike Faces Stock Plunge as Revenue Outlook Slashed Amid Market Challenges
Nike's shares tumbled over 10% after the company revised its revenue outlook for the fiscal year, anticipating just 1% growth instead of mid-single-digit growth, citing challenges in Greater China and EMEA, digital traffic softness, and a stronger U.S. dollar.
Warren Buffett Boosts Occidental Petroleum Stake Despite Anticipated Q3 Profit Plunge
Warren Buffett-backed Occidental Petroleum (OXY) is set to report its third-quarter earnings, with analysts expecting a more than 60% drop in quarterly profit.
Walmart's Stock Surges to Record High as Investors Bank on Holiday Season Success
Walmart's stock reached an all-time high, hitting $166.30, as investors anticipate the retail giant to outperform its competitors during the holiday season due to its reputation for offering value.
Chevron's Stock Decline Shrinks Value of Hess Acquisition Offer by $6.5 Billion
Chevron's stock decline following an earnings miss has reduced the value of its all-stock acquisition offer for Hess Corp. by approximately $6.5 billion.
TSMC Reports Q3 Profit Decline Amidst Weak Consumer Electronics Demand
Taiwan Semiconductor Manufacturing Company (TSMC) reported a third-quarter profit of 211 billion New Taiwan dollars ($6.69 billion), which marked a significant decline in profit due to weak demand for consumer electronics.
Costco CEO Craig Jelinek to Retire, Ron Vachris to Take Helm
Longtime Costco CEO Craig Jelinek will retire at the end of the year, and he will be succeeded by Ron Vachris, who has been with the company for 40 years.
Federal Reserve Nears 'Soft Landing' with Immaculate Disinflation, But Challenges Persist
The Federal Reserve is on the verge of achieving a rare "soft landing" by curbing inflation without causing a severe recession.
UPS experiences a stock decline
The projected revenue for 2023 has been adjusted downward by UPS, with the lowest estimated sales figure being around $97 billion.
Wall Street is concerned over the dim retail forecast
Large retailers such as Home Depot and Walmart are projecting a weaker economy this year due to declining consumer spending.
Tencent is still banking on Tesla, despite Musk’s Twitter controversies
Tencent is a Chinese multinational conglomerate holding company founded in 1998, with a diverse range of businesses, including internet-related services and products, entertainment, artificial intelligence, and technology.
From Twitter to Tesla, Elon Musk’s talk has him in some trouble
After taking the social media conglomerate private in 2022 (sparking both praise and backlash), Musk is now facing the fallout from an ill-fated tweet he made in August 2018.