Private employers added 42,000 jobs to the US economy in October, according to ADP’s private payrolls report, rebounding from an upwardly revised loss of 29,000 jobs in September. Forecasters were expecting the economy to add 30,000 jobs during the month, according to S&P Global Market Intelligence. “Private employers added jobs in October for the first…
Investor Michael Burry disclosed on Monday that his hedge fund, Scion Asset Management, has taken positions against tech heavyweights Nvidia (NVDA) and Palantir (PLTR). Burry, who rose to fame for correctly predicting the US housing market bubble and subsequent stock market crash in 2008, has taken out puts — or trades that benefit from a…
President Trump said on Sunday that the most advanced Nvidia (NVDA) chips will be reserved for US companies and kept out of China and other countries. In comments to reporters aboard Air Force One, Trump said only US-customers will have access to high-quality Nvidia Blackwell chips. “The most advanced, we will not let anybody have…
The White House released a fact sheet late Saturday with more details about the trade agreement ironed out between President Trump and China’s President Xi Jinping in South Korea last week, China will suspend additional export controls on rare earth metals and end investigations into US chip companies, according to the new release. The US…
US stock futures edged lower Wednesday night as Wall Street digested a wave of Big Tech earnings alongside the Federal Reserve’s latest interest rate move, while waiting for President Trump’s long-awaited summit with Chinese leader Xi Jinping. Dow Jones Industrial Average futures (YM=F) fell about or 0.2%, while S&P 500 futures (ES=F) slipped 0.1%. Nasdaq…
The Federal Reserve cut interest rates by a quarter percentage point Wednesday for the second meeting in a row, even as the government shutdown has left policymakers without key data to guide monetary policy. The central bank voted in a split decision to cut its benchmark interest rate to a range of 3.75% to 4.00%….
US stock futures rose on Wednesday to eye fresh records, with hopes for a China boost to Nvidia (NVDA) buoying techs in the wait for the Federal Reserve to confirm bets on an interest-rate cut. S&P 500 futures (ES=F) rose 0.2%, while those on the tech-heavy Nasdaq 100 (NQ=F) gained roughly 0.4%, following a strong…
President Trump and his team have buoyed markets in recent days with details about what they describe as a framework of a trade deal with China, which the president will look to finalize Thursday during a high-stakes summit in South Korea with Chinese President Xi Jinping. A question heading into the talks is perhaps what…
WASHINGTON — President Trump faces the most important international meeting of his second term so far on Thursday: face-to-face negotiations with Xi Jinping, who has made China a formidable economic and military challenger to the United States. The two presidents face a vast agenda during their meeting in Seoul, beginning with the two countries’ escalating trade war…
Shares of enterprise data capture company Zebra Technologies (NASDAQ:ZBRA) fell 14.1% in the morning session after investors focused on shrinking profit margins despite its third-quarter results beating profit estimates. The company met Wall Street’s revenue expectations with $1.32 billion in sales and beat profit estimates with an adjusted EPS of $3.88. Furthermore, Zebra projected fourth-quarter…