Finance
Damian J. Troise New York – Stocks are slipping in morning trading Thursday as investors pore over another batch of earnings reports from U.S. companies. The S&P 500 slipped 0.7%. The Dow Jones Industrial Average fell 310 points, or 0.7%, as of 10:03 a.m. Eastern time. The Nasdaq composite fell 1.1%. Corporate earnings and forecasts…
The stock market got a boost on Wednesday after Supreme Court justices appeared skeptical about the legality of a portion of President Donald Trump’s tariffs. Certain names could get an even bigger boost if the government is forced to refund some of the tariff money, according to analysis by Wells Fargo. The Supreme Court on…
Payment processing company Shift4 Payments (NYSE:FOUR) met Wall Streets revenue expectations in Q3 CY2025, with sales up 29.4% year on year to $1.18 billion. Its non-GAAP profit of $1.47 per share was in line with analysts’ consensus estimates. Is now the time to buy Shift4? Find out in our full research report. Volume: $54.7 billion…
For almost three hours at the Supreme Court on Wednesday, Solicitor General John Sauer struggled to justify President Donald Trump’s sweeping use of the tariff power. He faced tough questions not just from the court’s liberals, but from conservative justices such as Neil Gorsuch and Amy Coney Barrett. Sauer’s struggles, however, do not mean the…
Tech sector amounts to 36% weight in S&P 500, more than in dot-com era Tech remains best performing sector YTD AI-related declines could prompt broader weakness NEW YORK, Nov 6 (Reuters) – This week’s wobble in shares connected to artificial intelligence is a stark reminder that the U.S. stock market is ever more reliant on…
(Reuters) -EchoStar (SATS) said it would sell a set of wireless spectrum licenses to SpaceX (SPAX.PVT) for about $2.6 billion in exchange for stock in the space startup, expanding on the $17 billion deal the companies struck in September. Shares of the telecommunications services company rose about 1% in premarket trading. The AWS-3 licenses cover…
Many Americans worried about high prices might expect some relief if a deeply skeptical Supreme Court reins in President Donald Trump’s tariffs. If you’re among them, don’t get your hopes up. In a consequential Supreme Court case Wednesday, a majority of the justices expressed concern that Trump may have overstepped his authority in levying tariffs…
Options trading volumes have surged in recent years, and zero-days-to-expiration (0DTE) options have emerged as a popular tool for active traders. These contracts only last for a single session, offering concentrated exposure that makes them especially appealing during high-leverage events. One use case? Earnings. When a company reports results the same day its weekly options…
On Tuesday, investors sold AI-related stocks on news that Michael Burry had shorted Palantir and Nvidia. Today, investors realized that his most prominent short position by far is in Palantir, which currently has a forward P/E of 212.9. Nvidia has a forward P/E of 32.7 (chart). Except for Tesla, the other Magnificent-7 have lower forward…
President Donald Trump, who has declared it a matter of “LIFE OR DEATH,” opted against attending Wednesday’s Supreme Court hearing over his billion-dollar tariffs, but his lawyer presented the case in similarly audacious terms. “President Trump determined that our exploding trade deficits had brought us to the brink of an economic and national security catastrophe,”…