Consumer sentiment slipped more than expected in September as Americans worried over the effects of Trump’s tariffs. University of Michigan’s consumer sentiment survey released Friday showed the headline consumer sentiment index came in at 55.4 for the month, a lower reading than the 58 projected by economists polled by Bloomberg and down from 58.2 in…
Nvidia (NVDA) stock slid more than 2% in after-hours trading after the company beat on earnings but missed on data center revenue for its second quarter, revenue forecast omits H20 shipments to China. The AI giant posted adjusted earnings of $1.05 per share versus expectations of $1.01. Data center revenue was $41.1 billion, slightly below…
I would keep an eye on PVH Corp. (PVH) this morning after a sizable earnings beat last night. The company also reiterated its full year earnings guidance, despite an expected $1.15 per share hit from tariffs. The clothing company seems to have struck a positive nerve with recent apparel collaborations for Calvin Klein (Bad Bunny…
US stocks soared on Friday as Federal Reserve Chair Jerome Powell opened the door to a September rate cut during his highly anticipated speech at Jackson Hole. The Dow Jones Industrial Average (^DJI) rose 800 points or 1.9% to close at a fresh record, while the S&P 500 (^GSPC) moved up about 1.5%, and the…
The highly anticipated reveal of a Kia EV got a sneak preview when the Instagram account Kindel Auto (@kindelauto) posted footage of the car on a test drive on a U.S. street. The Kia EV4 GT is creating some competition for the Tesla Model 3 Performance, according to Electrek, which called the car “a box-office…