Major indexes tried to turn positive but struggled Tuesday as Federal Reserve Chair Jerome Powell spoke out on the future path of monetary policy. Among individual stocks, Tesla (TSLA) surged on a deliveries beat while Amazon.com (AMZN) was steady despite a bullish call. And Super Micro Computer (SMCI) turned in a solid early gain on […]
Engineers at NASA are turning to augmented reality (AR) to build spacecraft more efficiently and with greater accuracy. The Roman Space Telescope team has already started applying the technology while working on the next-gen observatory — its next major eye on the sky after the James Webb Space Telescope‘s massive success. Roman is currently being […]
US Dollar vs Japanese Yen Technical Analysis The U.S. Dollar has initially pulled back just a bit during the trading session on Monday, only to turn around and show signs of strength again. The 160 yen level above of course is a large round psychologically significant figure and it’s also an area where the Bank […]
The latest estimate of Social Security’s cost-of-living adjustment for 2025 slipped to 3% after the government reported 3.3% inflation in May, new calculations showed Wednesday. The 2025 COLA adjustment eased as inflation moderated after an uptick earlier this year. But it still likely underestimates what seniors need to keep up with inflation, said Mary Johnson, […]
Spencer Platt/Getty Images Investors should buy dips in bonds and sell stocks after the Fed’s first interest rate cut, according to Bank of America. The call from Bank of America investment strategist Michael Hartnett is a reversal of his “anything but bonds trade.” The Federal Reserve is expected to cut interest rates in the second […]
Does the stock market feel overbought to you? After watching the benchmark S&P 500 index climb about 28% over the past year, nobody can blame value-conscious investors for thinking twice before buying any stocks these days. The benchmark index is way up, but not all of its components have participated in the rally. Shares of […]
Bitcoin Dips by 2% But Traders Say Its a Healthy Pullback Before Next Leg Up Bitcoin (BTC) price dropped by 2.12% in the past day, following news of the spot Ethereum ETF approvals. This surprised traders who were optimistic about new all-time highs following the cryptocurrency’s strong rally earlier in the week, gaining 9% to […]
Alibaba Stock Dips as Huge Investment Losses In Q4 Overshadow Revenue Growth and Dividend Alibaba Group Holding Limited (NYSE:BABA) stock is trading lower Tuesday after the company reported its quarterly results. The Jack Ma co-founded e-commerce giant reported fiscal fourth-quarter 2023 revenue growth of 7% year-on-year to $30.73 billion, beating the analyst consensus estimate of $30.40 billion. Adjusted […]
(Reuters) -AstraZeneca said on Tuesday it had initiated the worldwide withdrawal of its COVID-19 vaccine due to a “surplus of available updated vaccines” since the pandemic. The company also said it would proceed to withdraw the vaccine Vaxzevria’s marketing authorizations within Europe. “As multiple, variant COVID-19 vaccines have since been developed there is a surplus […]
Novo Nordisk (NVO) stock eased a fraction early Thursday after the weight-loss drugs leader reported adjusted income of 81 cents per share on $9.36 billion in first-quarter sales. X On average, analysts surveyed by FactSet expected Novo to earn 75 cents a share on $9.13 billion in sales. Notably, weight-loss drug Wegovy soared 106%, to […]
Stocks moved mostly lower Friday morning as Big Tech stocks continued a sell-off that sent the S&P 500 back under the 5,000 mark. The S&P 500 (^GSPC) fell about 0.4%, while the tech-heavy Nasdaq Composite (^IXIC) slid more than 1%. The Dow Jones Industrial Average (^DJI) rose 0.4%. The S&P 500 on Thursday notched five […]
Stocks were mixed on Friday morning following a deeper sell-off after Israel’s retaliatory strike on Iran spooked the market overnight and spurred a rush to safe havens such as gold. The Dow Jones Industrial Average (^DJI) rose 0.5%. The S&P 500 (^GSPC) fell about 0.2%, pulling the benchmark index back to its 5,000 level, while […]