General Motors’ second-quarter profit took a sharp hit from mounting tariff costs, sending shockwaves through U.S. markets Tuesday as investors weighed whether the stock rally that powered indexes to new highs a day earlier has run out of steam. The GM earnings report—showing a steep 32% plunge in core profit—came with a stark warning: the […] More
On Monday, stock market movers were back in the news, with a mix of big gains and painful losses in tech, healthcare, and energy stocks. There was a lot for investors to think about, from changes to the S&P 500 to regulatory problems and surprise earnings. Let’s look at what is causing the swings. […] More
The Federal Reserve is currently facing scrutiny over its plans to expand a building project that some in the White House have harshly criticized. According to a source, Fed Chair Jerome Powell has called for an internal review following complaints about the project, which was initially estimated to cost $2.5 billion but has run […] More
On Monday, Bitcoin soared above $120,000, but it seems like this surge isn’t just due to typical speculative trading. It looks like wealthy institutions are playing a huge role, making significant changes to how the market is structured. “What we’re seeing now is a maturing asset,” said Kara Mitchell, digital assets strategist at Orion Capital. […] More
A Mixed Bag for Stocks in Midday Trade This week’s stock market movements are leaving investors a bit confused. New economic reports and unexpected earnings are making some stocks rise while others fall. With a dip in regional gaming and a crypto-driven surge, there’s a lot to watch on Wall Street. Penn Entertainment Slips on […] More
This Tuesday, there’s a lot happening on Wall Street, with news about deals, regulations, and some cautious comments from analysts affecting prices of several big companies. Stocks are swinging up and down. For example, there’s talk about Starbucks possibly selling a huge stake in its China business, and UnitedHealth is facing new issues. Let’s dive […] More
Tariffs Cast a Shadow on Wall Street On Tuesday, Wall Street seemed a bit uneasy as fresh concerns about tariffs and changing investor interests emerged. By the afternoon, the Dow Jones Industrial Average had dipped by 0.2%. Both the S&P 500 and Nasdaq also saw slight declines. It was a gentle reminder that political actions […] More
The dollar has risen to its strongest point in over a week, thanks to new trade war threats from President Trump that have worried investors everywhere, from Tokyo to Seoul and beyond. Tariffs Trigger a Greenback Rally On Monday afternoon in New York, the U.S. dollar rose by 0.6% against a group of major currencies. […] More
On Wednesday, the private sector jobs report startled Wall Street by revealing that U.S. businesses unexpectedly cut 33,000 jobs in June. This was a surprising turnaround, especially since experts had expected a gain of 100,000 jobs. It marks the first decline in private payrolls since March 2023, according to new data from ADP. This unexpected […] More
High-yield dividend stocks don’t usually drop in price, so when they do get close to their 52-week lows, many people looking for income take notice. Some deals are just too good to pass up, even when the market is a bit shaky. Take Lowe’s, Procter & Gamble, and Chevron, for example. They’re well-known brands, and […] More
In May, the core inflation rate in the U.S. unexpectedly rose to 2.7%. This surprised many economists and sparked new discussions about when the Federal Reserve might change interest rates. Unexpected Bump in Core Prices On Friday, the Commerce Department shared some new data showing that the personal consumption expenditures (PCE) price index, which the […] More
On Thursday, Wall Street had a strong day, with the S&P 500 getting closer to breaking its record high. Investors are feeling optimistic about potential interest rate cuts while also taking in some not-so-great news about the economy. After a long wait—16 months, in fact—the S&P 500 is now nearly at its first record close […] More