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The stock market rallied on the latest inflation report. The S&P 500 closed at a record high on Tuesday, while the Nasdaq rose over 1% and the Dow spiked nearly 500 points. The benchmark S&P 500 is up almost 10% year-to-date. Here’s where US indexes stood at the 4 p.m. ET closing bell on Tuesday:…
Ed Elson, a 26-year-old research analyst and co-host of the Prof G Markets podcast, has heard plenty of stories about generations before him getting rich on stocks. His own co-host, New York University business school professor and entrepreneur Scott Galloway, who’s 60, invested $800,000 in both Apple and Amazon back in 2009. Today, those investments…
It’s been a tumultuous summer for markets, but investors have mostly ploughed through the volatility and pushed stocks steadily higher — but one top bank is warning not to get comfortable. The S&P 500 is up 8% year-to-date, and the benchmark index is cruising near record highs in the late summer stretch. Solid earnings, a…
The stock market flashed a key technical signal that suggests a pullback from all-time highs is on the way. That’s according to Jonathan Krinsky, the managing director and chief market technician at BTIG, who thinks the S&P 500 is bound for a 5% pullback soon. The benchmark index just broke through a technical resistance level…
After a weak few months of job growth, investors are banking on rate cuts from the Federal Reserve at their September meeting, and history shows cuts could be like rocket fuel for stocks in the months that follow. LPL Financial recently conducted an analysis of how stocks have performed from the first rate cut in…
Key Points GAAP revenue rose 11% to $130.9 million in Q1 fiscal 2026, driven by strong On Device Solutions (ODS) performance. Non-GAAP adjusted EBITDA increased 73% to $25.1 million, while GAAP net loss narrowed to $14.1 million. Management raised full-year revenue and adjusted EBITDA guidance. Digital Turbine(NASDAQ:APPS), a software company specializing in mobile app distribution…
James Arthur McDonald Jr., an investor and financial analyst who frequently appeared on CNBC, was sentenced to five years in prison for defrauding investors in a multimillion-dollar scheme, the United States Attorney’s Office said on Monday. McDonald, 53, a former San Gabriel Valley resident, was the CEO and chief investment officer of two Los Angeles-based…
Tesla is awarding Elon Musk around $29 billion in shares as a legal battle looms over a prior multibillion dollar compensation plan for the chief executive. A special committee of the company’s board of directors said the interim pay package would motivate Musk to “stay focused” on Tesla as the electric vehicle maker pivots to…
The market sees about an 85% chance that the Federal Reserve delivers a rate cut in September — but doing so could put the stock market on track to enter bubble territory in the coming months. That’s according to strategists at Société Générale, who said they saw the possibility that the S&P 500 becomes overheated…