Reported 3 days ago
Tesla's stock fell nearly 3% following mixed third-quarter earnings results that showed revenue of $28.01 billion, above expectations, but earnings per share of $0.50, below estimates. The company mentioned a significant decline in operating profit due to reduced regulatory emissions credit revenue and a tariff of $400 million. Despite the challenges, CEO Elon Musk provided updates on the company’s Robotaxi initiative, indicating plans to drastically expand service areas by the end of the year, including locations without safety drivers.
Source: YAHOO
Reported 3 days ago
Covenant Logistics Group's third-quarter earnings fell to $0.44 per share, down from $0.54 a year earlier, as the trucking industry faced overcapacity and low freight demand. Despite a 2.8% increase in total revenue to $296.9 million, the company experienced significant declines in its truckload segment, impacted by higher operational costs and under-utilized equipment. CEO David Parker noted investment in dedicated fleet services might improve margins over time, but anticipates further challenges in the upcoming quarter due to various cost pressures.
Source: YAHOO
Reported 3 days ago
NextSilicon, an Israeli startup, has unveiled plans for its new central processor designed to compete against industry giants Intel and AMD. With $300 million in funding, the company aims to enhance scientific computing with its flagship 'Maverick-2' chip, which focuses on precision tasks. Leveraging RISC-V technology, NextSilicon's chips are already under evaluation by U.S. national labs, showcasing promising performance that rivals Nvidia's offerings.
Source: YAHOO
Reported 3 days ago
Recent trends indicate that retail traders, often drawn by momentum investing, are reshaping financial markets, driving surges in various sectors like quantum computing and cryptocurrencies. As their influence grows, retail traders have contributed to erratic price movements, with significant gains quickly evaporating. The record volume of trades and preference for risky assets, including low-priced stocks and ETFs tracking cryptocurrencies, highlight their dominance and the risks associated with quick momentum shifts, suggesting professional investors should proceed with caution.
Source: YAHOO
Reported 3 days ago
The U.S. national debt has exceeded $38 trillion, marking the fastest accumulation of $1 trillion outside of the COVID-19 pandemic. This surge occurs during a federal government shutdown, raising concerns about inflation and its impact on future generations' purchasing power and home ownership prospects. Experts warn that rising debt leads to increased borrowing costs and may hinder economic growth.
Source: YAHOO
Reported 3 days ago
Crown Castle has raised its annual site rental revenue forecast for the second time due to sustained demand for wireless infrastructure services. The company, which leases tower infrastructure to major U.S. wireless carriers, now estimates an annual revenue range of $4.01 billion to $4.05 billion, up from an earlier prediction. With the growing 5G network demands and about 40,000 cellular towers, Crown Castle aims to expand its business while analysts anticipate improvement in earnings growth for real estate investment trusts into 2026.
Source: YAHOO
Reported 3 days ago
President Donald Trump has announced plans to demolish the entire East Wing of the White House to construct a new ballroom, a move that has sparked controversy due to its significant departure from the original project scope. Trump claims the demolition is necessary for the ballroom's integrity and has raised the project's budget from $200 million to $300 million, to be funded by himself and private donors. Critics, including the National Trust for Historic Preservation, have expressed concerns over the implications of such a large-scale construction in a historic site.
Source: YAHOO
Reported 4 days ago
Tesla's stock is under pressure after earnings fell short, and while some analysts, like Dan Ives, view the autonomous vehicle era as crucial for Tesla's growth, Seth Goldstein from Morningstar remains skeptical. He acknowledges the potential of robotaxis but points out that Tesla lacks the first-mover advantage and faces regulatory challenges, particularly in Europe and China. Goldstein highlights that the success of Tesla's robotaxi venture hinges on the software's readiness and its ability to function safely without a driver, casting doubt on immediate market success.
Source: YAHOO
Reported 4 days ago
Lam Research anticipates second-quarter revenue exceeding Wall Street expectations, fueled by increased orders for semiconductor manufacturing equipment, particularly for AI applications. The company's stock rose 2.2%, reflecting strong demand in the AI semiconductor market. Lam forecasts revenue of $5.20 billion for the quarter, surpassing analysts' estimates, and reported a previous quarter's revenue of $5.32 billion.
Source: YAHOO
Reported 4 days ago
Meta is reportedly laying off around 600 employees from its artificial intelligence division as part of a reorganization, despite still hiring for other roles within the unit. This decision follows similar layoffs at major tech companies like Microsoft and Google's parent Alphabet, raising concerns about the impact of AI on the job market. The company is encouraging laid-off employees to apply for other internal positions while continuing to expand its workforce in specific areas.
Source: YAHOO
Reported 4 days ago
President Donald Trump criticized US cattle ranchers for their opposition to his plan to import more tariff-free beef from Argentina, aimed at reducing high beef prices. He argued that ranchers should appreciate his tariff policies, which he believes have benefited them, while also urging them to lower their prices due to consumer concerns. This conflict raises challenges for Trump as he balances consumer prices with the interests of a key supporter group, the ranchers, amidst a record rise in beef prices.
Source: YAHOO
Reported 4 days ago
As the US government shutdown continues, divisions emerge among Republicans with some, especially members of the House Freedom Caucus, advocating for a long-term stopgap spending bill, while others, including House Speaker Mike Johnson, prefer negotiating individual spending bills for the new fiscal year. The GOP has presented a united front blaming Democrats for the impasse, but a lack of consensus on a long-term strategy risks prolonging the shutdown. Proposed measures include a funding bill extending to December 2026, although achieving bipartisan support from Senate Democrats remains uncertain.
Source: YAHOO
Reported 4 days ago
IBM reported a slowdown in cloud growth, which overshadowed its strong third-quarter earnings driven by AI demand. While overall sales and profits exceeded market expectations, concerns arose about the hybrid cloud unit’s deceleration in growth. This has led to a decline in IBM's stock, even as revenue from the mainframe segment, particularly tied to AI, showed strong performance.
Source: YAHOO
Reported 4 days ago
On October 22, 2025, Netflix's stock fell over 10% after reporting disappointing third-quarter earnings impacted by a one-time tax expense in Brazil. In contrast, Intuitive Surgical saw a 13.9% increase in its shares following strong earnings driven by a rise in procedures using its robotic surgical systems. Overall, major U.S. equity indexes declined, reflecting investor reactions to earnings reports.
Source: YAHOO
Reported 4 days ago
Economists forecast that the Consumer Price Index (CPI) will show a 3.1% rise in inflation for September, marking the highest rate in 17 months, largely due to the impact of tariffs following President Trump's import taxes. This ongoing inflation trend could pose challenges for the Federal Reserve’s efforts to manage rates, although lower rent increases may help offset some of the inflationary pressure. The report, delayed due to a government shutdown, is significant as one of the few economic data releases during this period.
Source: YAHOO
Reported 4 days ago
Tesla's stock fell after reporting adjusted earnings of $0.50, missing estimates, while IBMs stock dropped nearly 5% despite beating quarterly revenue expectations. This week marks an active earnings season with several major companies, including Netflix and General Motors, releasing their results. Overall, analysts expect an 8.5% increase in S&P 500 earnings for the third quarter, indicating a slowdown in growth compared to previous quarters.
Source: YAHOO
Reported 4 days ago
Moderna has announced the discontinuation of its experimental vaccine aimed at preventing cytomegalovirus, a leading cause of birth defects, after it failed to achieve its primary goal in a late-stage trial. The vaccine, tested on approximately 7,500 women aged 16 to 40, showed efficacy rates of only 6% to 23%, falling short of Moderna's expectations.
Source: YAHOO
Reported 4 days ago
IBM reported third quarter operating earnings of $2.65 per share, surpassing estimates, as well as revenue of $16.33 billion, also above projections. However, despite these strong results, IBM's stock fell by up to 5% in after-hours trading, raising concerns among investors.
Source: YAHOO
Reported 4 days ago
OpenAI, in partnership with Oracle and Vantage Data Centers, is set to develop a data center campus in Wisconsin, part of the larger Stargate initiative aimed at advancing the U.S. position in global artificial intelligence. The new facility, named Lighthouse, will facilitate 4.5 gigawatts of IT capacity and is expected to create thousands of jobs. Construction is scheduled to finish by 2028.
Source: YAHOO
Reported 4 days ago
Tesla reported a record $28.1 billion in revenue for Q3, boosted by high electric vehicle sales as U.S. customers rushed to take advantage of an expiring tax credit. However, the company's profit fell short of expectations due to rising tariffs, research costs, and a decline in income from regulatory credits. Despite introducing lower-cost vehicle variants to stimulate demand, analysts caution that this could hurt profit margins. Tesla also aims to ramp up production of its upcoming Cybercab and robotaxi technologies in the coming years.
Source: YAHOO
Reported 4 days ago
The U.S. is debating limitations on software exports to China, further complicating trade discussions as President Trump hints at potential tariffs. Recent escalations have confirmed a trade war, with China restricting rare earth mineral exports. While Trump expects a fruitful meeting with Xi Jinping, he has cast doubt on whether it will occur. Domestic repercussions are rising, and economists predict American consumers will bear the brunt of these tariffs as trade negotiations unfold.
Source: YAHOO
Reported 4 days ago
Gold prices stabilized after a significant drop, while bitcoin experienced a decline following a brief recovery, as the rally related to the debasement trade faced a halt. Despite recent volatility, analysts believe that gold will remain supported by macroeconomic factors, while bitcoin's performance suggests a potential rotational opportunity between the two assets.
Source: YAHOO
Reported 4 days ago
On October 22, 2025, major US stock indexes experienced a downturn, with the S&P 500 dropping 0.5%, the Dow Jones Industrial Average falling 0.7%, and the Nasdaq composite decreasing by 0.9%. The decline was influenced by Netflix's disappointing profit report and continued volatility in meme stocks like Beyond Meat. Gold prices also fell for the second consecutive day.
Source: YAHOO
Reported 4 days ago
Despite a significant selloff in gold prices, die-hard investors maintain their belief in a long-term bull market. Prominent figures like Kevin Smith and industry veterans argue that current price corrections are healthy, supported by ongoing central bank buying and underlying economic factors. While recent volatility raised concerns, many analysts foresee a potential rebound as structural drives for gold remain intact.
Source: YAHOO