When President Trump singled out Brad Gerstner during his State of the Union address in February, the venture capitalist rose to a standing ovation. Trump called him “a very tremendous guy” who was “behind it right from the beginning” — a reference to Trump Accounts, the federal child savings program that launched in July and Read More…
When two of the world’s biggest trading partners start throwing around 50% tariffs, most investors see trouble. “Shark Tank” investor Kevin O’Leary sees a sale. The Canadian businessman said the escalating U.S.-Canada trade fight could be creating an unusually attractive entry point for investors willing to look past the political noise. Speaking on Fox Business Read More…
Snowflake, the cloud-data company based in Bozeman, delivered one of its strongest quarters in recent years, sending shares sharply higher as investors responded to accelerating growth and stronger demand for its artificial-intelligence products. Shares of Snowflake jumped about 17% after the company reported fiscal second-quarter revenue of $1.55 billion, up 35% from a year earlier. Read More…
The U.S. economy added 162,000 jobs in August, a stronger-than-expected showing that offered fresh evidence of resilience in the labor market as manufacturing and construction hiring picked up. The unemployment rate held steady at 4.1%. August payroll growth was well above the average monthly gain over the previous year. The White House pointed to the Read More…
When President Trump singled out Brad Gerstner during his State of the Union address in February, the venture capitalist rose to a standing ovation. Trump called him “a very tremendous guy” who was “behind it right from the beginning” — a reference to Trump Accounts, the federal child savings program that launched in July and Read More…
U.S. stocks showed improving short-term breadth in the latest session, with more issues advancing than declining on both the Nasdaq and New York Stock Exchange, even as longer-term measures continued to point to a market that remains uneven beneath the surface. On the Nasdaq, 1,623 stocks advanced compared with 1,395 decliners, while 116 were unchanged. Read More…
Oracle Corp. is set to report fiscal first-quarter 2027 earnings after the market close on Sept. 8, a release Wall Street expects to trigger one of the stock’s characteristically sharp post-earnings swings as investors weigh the company’s aggressive cloud infrastructure buildout against near-term margin pressure. Analysts expect Oracle to report earnings of $1.40 per share Read More…
GameStop shares rose after the video-game retailer revised the terms of a convertible-note exchange that will eliminate about $1.4 billion of long-term debt while using relatively little of the company’s cash. Under the amended agreement, noteholders will receive roughly 55.5 million shares of GameStop Class A common stock and about $358.4 million in cash. The Read More…
When two of the world’s biggest trading partners start throwing around 50% tariffs, most investors see trouble. “Shark Tank” investor Kevin O’Leary sees a sale. The Canadian businessman said the escalating U.S.-Canada trade fight could be creating an unusually attractive entry point for investors willing to look past the political noise. Speaking on Fox Business Read More…
Volkswagen has approved a major restructuring plan that would eliminate about 50,000 jobs, cut its model lineup roughly in half and end vehicle production at four plants in Germany as the automaker confronts mounting pressure from lower-cost Chinese rivals and U.S. tariffs. The plan, advanced by Chief Executive Oliver Blume, is aimed at reducing costs Read More…
Snowflake, the cloud-data company based in Bozeman, delivered one of its strongest quarters in recent years, sending shares sharply higher as investors responded to accelerating growth and stronger demand for its artificial-intelligence products. Shares of Snowflake jumped about 17% after the company reported fiscal second-quarter revenue of $1.55 billion, up 35% from a year earlier. Read More…
The U.S. economy added 162,000 jobs in August, a stronger-than-expected showing that offered fresh evidence of resilience in the labor market as manufacturing and construction hiring picked up. The unemployment rate held steady at 4.1%. August payroll growth was well above the average monthly gain over the previous year. The White House pointed to the Read More…
Investors enter the first week of September with a consequential earnings slate led by Broadcom, Dell Technologies and several major software companies, while Friday’s August jobs report adds another potential market catalyst. Dell Technologies is among the major companies scheduled to report Tuesday, Sept. 1. Investors will be watching the company’s AI-server business and PC Read More…
Netflix shares have climbed about 25% from their 2026 low, as investors take another look at the streaming company following a sharp selloff and signs emerge that its advertising business and new partnerships could provide additional avenues for growth. The stock has rebounded from a mid-July low of $65.08 but remains down roughly 34% over Read More…
For most of the past 15 years, the hardest question surrounding Tim Cook was whether he could follow Steve Jobs. He answered it by building a different kind of Apple. Cook didn’t replicate Jobs’s theatrical product instincts or preside over another invention quite as culturally disruptive as the Macintosh, iPod or iPhone. Instead, the industrial Read More…
U.S. stocks ended the week on a softer note Friday, with the major indexes retreating from recent records even as broader market gauges pointed to a resilient run for equities so far in 2026. The S&P 500 closed at 7,711.76, down 0.25% on the day but still up 0.77% over the past five trading sessions Read More…
Walmart Inc. has agreed to pay $50 million to resolve federal allegations that its pharmacies illegally filled thousands of invalid prescriptions for opioids and other controlled substances, the Justice Department and the Drug Enforcement Administration announced. “Today’s settlement proves this Department is committed to putting Americans’ flourishing first,” said Associate Attorney General Stanley Woodward. “Congress Read More…
Removing the barriers that keep capital inside national borders would raise welfare in the typical country by about 5.5% of labor income — and would concentrate economic activity among the world’s largest firms while pushing smaller ones to contract, according to a working paper released by the Federal Reserve Bank of Minneapolis. The paper, by Read More…
TikTok and its parent ByteDance agreed to pay $400 million to resolve Justice Department litigation alleging the video platform failed to comply with federal children’s privacy law, one of the largest recoveries ever obtained under the statute. The company will pay $300 million immediately, according to the department. The remaining $100 million is contingent on Read More…
Nvidia has beaten Wall Street’s earnings estimate in each of the past six quarters, by an average of roughly 5.6%. Its shares have declined the following session all six times. That record, more than any figure on the income statement, frames what is at stake when the company reports fiscal second-quarter results. The published consensus Read More…
Firm’s flagship multistrategy fund rose 5.9% in July, among its best months since 2022 Citadel has unwound more than 80% of the risk tied to the portfolio it acquired from Leopold Aschenbrenner’s Situational Awareness, founder Ken Griffin told clients in a letter Friday, his first public accounting of a transaction that closed at speed last Read More…
Bitcoin and gold both staged dramatic reversals this week after weeks of lackluster performance, with the cryptocurrency posting gains of nearly 24% and the precious metal climbing past $4,600 an ounce as bond market turbulence, Washington policy activity and a cascade of forced short liquidations combined to supercharge both assets. Bitcoin had spent most of Read More…
Three-quarters of Americans and nearly seven in 10 Canadians have sought financial guidance from at least one source in the past year, according to a new study from Gallup conducted in partnership with Edward Jones, though the sources people rely on most are not always the ones they trust most. Among U.S. adults who sought Read More…
Amazon agreed to pay a record $2.25 million civil penalty and submit to a court injunction to resolve allegations it repeatedly denied identity theft victims access to transaction records they were legally entitled to receive under federal law. The Justice Department filed the complaint in U.S. District Court for the District of Columbia on behalf Read More…
For years, one of the biggest questions surrounding Berkshire Hathaway was what would happen to its enormous cash pile once Warren Buffett was no longer running the company. Investors may be starting to get an answer. In his second full quarter as chief executive, Greg Abel is putting Berkshire’s capital to work at a pace Read More…
Circle, the company behind the USDC stablecoin, said its Arc blockchain mainnet is scheduled to launch Sept. 16, a move that would give the company its own financial infrastructure for payments, capital markets and tokenized assets. The launch marks Circle’s attempt to move beyond simply issuing digital dollars and toward owning a larger share of Read More…
An estimated 15 million U.S. adults, or 6% of the population, were victims of financial scams in 2025, with total losses reaching approximately $68 billion, according to a study released by Stop Scams Alliance and Gallup. The nationally representative survey of more than 5,100 U.S. adults found that scams affected Americans across demographic groups, with Read More…
Kellogg said it will remove artificial colors from all its cereals by the end of this year, moving up a timeline the company set just last August by more than a year. Kellogg had said in August 2025 that it would eliminate synthetic dyes from its cereals by the end of 2027. The company said Read More…
About one in five Americans who sought financial advice in the past year turned to artificial intelligence, even though few trust its expertise on money matters, according to a Gallup survey conducted in partnership with financial services firm Edward Jones. Among U.S. adults overall, only about three in 10 said they have “a great deal” Read More…
Applied Materials is set to report fiscal third-quarter earnings Thursday after the market closes, with investors looking for signs that booming investment in artificial intelligence continues to drive demand for semiconductor manufacturing equipment. The company reports Thursday, Aug. 13, and Wall Street is expecting another strong quarter. Analysts expect Applied Materials to report revenue of Read More…
Elon Musk said this week that Starlink’s long-term revenue potential could be far larger than a bullish estimate offered by former Alphabet executive and venture capitalist David Friedberg, as the satellite internet business continues rapid subscriber and revenue growth. Speaking on the All-In podcast, Friedberg cited Starlink’s performance in making a bullish case for the Read More…
Investors will get one of the most important economic reports of the month Wednesday morning when the government releases its July Consumer Price Index, providing the latest look at inflation and potentially reshaping expectations for the Federal Reserve. The Bureau of Labor Statistics will release July CPI at 8:30 a.m. Eastern time Wednesday, Aug. 12. Read More…
CoreWeave is set to report second-quarter earnings Tuesday after the market closes, giving investors another look at whether massive spending on artificial intelligence infrastructure is translating into sustainable growth. The AI-focused cloud computing company will report results Aug. 11, followed by an earnings call at 5 p.m. Eastern time, according to CoreWeave. Wall Street is Read More…
Barrick Mining will report second-quarter earnings Monday morning, with investors looking to see how much the surge in gold prices is flowing through to the mining giant’s bottom line. Barrick is scheduled to release results at 6 a.m. Eastern time Monday, Aug. 10, before the market opens, with management holding an earnings presentation and webcast Read More…
The S&P 500 closed at an all-time high Tuesday for the first time in two months, as strong corporate earnings, falling oil prices and renewed optimism over a potential agreement to reopen the Strait of Hormuz sent stocks surging across the board. The S&P 500 rose 1.8% to close at 7,737, surpassing its previous record Read More…
SpaceX posted its first earnings report since its record June IPO Tuesday, beating revenue estimates by a wide margin but sending its stock down roughly 8% in after-hours trading as capital expenditures came in far above expectations. The company reported revenue of $7.81 billion for the second quarter, up 92% from $4.1 billion a year Read More…
Paramount has agreed to delay closing its $81 billion acquisition of Warner Bros. Discovery until at least June 2027, a stunning development that comes as a federal judge considers a challenge from 12 states seeking to block the deal entirely. In a court filing Friday, Paramount said it would not move forward with the transaction Read More…
SpaceX shares have fallen roughly 50% from their post-IPO peak, and Morgan Stanley is warning that a further slide to $100 — a level many investors consider realistic — would mean the market is assigning no value whatsoever to the company’s artificial intelligence business. Morgan Stanley analyst Adam Jonas made the case in a note Read More…
American Express reported second-quarter profits rose 8% from a year earlier, beating Wall Street’s expectations, but shares fell roughly 6% Friday as investors focused on unchanged full-year earnings guidance and rising expenses rather than the headline beat. The New York-based card issuer earned $3.11 billion, or $4.53 a share, in the quarter, topping the analyst Read More…
Costco Wholesale reported June net sales of $29.24 billion, a 10.6% year-over-year increase for the five-week retail period ending July 5, offering fresh evidence that the warehouse retailer’s distinctive business model continues to hold up well in a choppy consumer environment. Comparable sales rose 8.8% for the month, with the U.S. segment leading the way Read More…
Nvidia has built its dominant position in the artificial intelligence chip market by consistently delivering on promises that once seemed impossibly ambitious. Now, with expectations running at record highs and rivals closing in, the company faces a different kind of challenge — convincing investors that what comes next will be as good as what came Read More…
Most financial advice from billionaires sounds something like this: diversify your portfolio, buy index funds, think long-term, let compound interest do the heavy lifting. Mark Cuban’s advice on what to do with a sudden $100,000 windfall sounds nothing like that. It starts in the grocery store. When asked by Forbes how he’d handle a fresh Read More…
Wall Street posted weekly losses across the board as a sell-off in semiconductor and technology stocks outweighed a string of solid earnings reports, snapping what had been a period of broad market strength. The S&P 500 dropped 1.6% for the week, ending Friday at 7,457.69. The Nasdaq Composite fared worse, falling 2.9% as chipmakers came Read More…
Microsoft announced layoffs Monday impacting 605 workers based out of Washington, part of a planned broader corporate restructuring that will eliminate 4,800 employees globally. According to the Washington Employment Security Department WARN database, the permanent job cuts were formally logged on Monday and are scheduled to take effect on Sept. 4. The 605-person filing represents the Read More…