Reported 8 days ago
Gold prices surged this week, reaching $3,450, driven by dovish economic data and expectations of a potential Federal Reserve rate cut. Key reports, including a neutral PCE Index and a better-than-expected GDP revision, bolstered market sentiment favoring gold. Moving forward, the upcoming Jobs Report will be crucial in determining gold's trajectory as traders anticipate further unfolding of Fed policy.
Source: YAHOO
Reported 8 days ago
Source: INVESTORS
Reported 8 days ago
Uber drivers in the U.S. have raised alarms regarding their safety as the platform now allows cash payments, fearing they may become targets for theft. Some drivers have highlighted the risks associated with carrying cash, referencing past violence against taxi drivers. While Uber claims the move aims to increase accessibility for riders who prefer cash, it also asserts that driver safety remains a top priority, with measures in place to verify passengers' identities.
Source: YAHOO
Reported 8 days ago
Two main reasons explain why tariffs have yet to be reflected in inflation data: businesses strategically imported goods in advance to avoid higher prices, and ongoing hesitation to raise consumer prices amidst a competitive market. As the economy shows resilience, experts anticipate the impact of tariffs may emerge but are currently moderated by these practices.
Source: YAHOO
Reported 8 days ago
Source: BARRONS
Reported 8 days ago
BlackRock, the largest asset manager globally, faces scrutiny after transferring millions in Bitcoin days after significant ETF purchases, prompting speculation about whether these actions signify market manipulation or standard portfolio rebalancing. Recent blockchain data reveals BlackRock's cryptocurrency portfolio, heavily weighted in Bitcoin, has seen structured transactions worth millions, leading to discussions about its influence in digital asset markets amid a contrasting investor sentiment.
Source: YAHOO
Reported 8 days ago
Source: INVESTORS
Reported 8 days ago
Autodesk (NASDAQ: ADSK) saw its stock rise by 9% after announcing strong quarterly earnings, surpassing both revenue and profit expectations. The company reported $1.76 billion in revenue for Q2 fiscal 2026, a 17% increase year-over-year, and adjusted earnings per share of $2.62, a 22% rise. The surge in stock price was notable as it outperformed the S&P 500, which fell by 0.6%. Autodesk's positive outlook for the rest of the fiscal year underpinned investor confidence.
Source: YAHOO
Reported 8 days ago
Source: INVESTORS
Reported 8 days ago
Broadcom's upcoming quarterly report is anticipated to reflect a positive impact from the growing influence of artificial intelligence on its business operations.
Source: INVESTORS
Reported 8 days ago
Source: BARRONS
Reported 8 days ago
The S&P 500 fell after reaching record highs, impacted by declines in Dell and Nvidia as investors reacted to inflation data. Dell saw a nearly 9% drop due to high manufacturing costs, while Nvidia slipped 3.4% as its recent earnings report disappointed. Despite increases in consumer spending, economists predict the Fed will cut interest rates in light of a weakening labor market. Notably, shares of Alibaba rose sharply following strong cloud computing growth. Overall, the S&P 500 decreased by 0.64%, ending at 6,460.26 points.
Source: YAHOO
Reported 8 days ago
Blade Air Mobility, now known as Strata Critical Medical, has shifted its focus to healthcare logistics after selling its Passenger segment to Joby Aviation. Following this strategic rebranding, the stock is set to trade under the ticker SRTA, and has already seen a 17.2% price increase. In its latest earnings, the company exceeded expectations with a revenue of $70.8 million, demonstrating growth particularly in the medical sector. Analysts exhibit strong confidence with a consensus rating of 'Strong Buy' and potential share price increase forecasted.
Source: YAHOO
Reported 8 days ago
Autodesk has seen a rise in its stock value as the design software company increasingly integrates artificial intelligence into its products, enhancing user capabilities and attracting more clients.
Source: INVESTORS
Reported 8 days ago
Source: BARRONS
Reported 8 days ago
Source: INVESTORS
Reported 8 days ago
Source: BARRONS
Reported 8 days ago
Nvidia shares fell over 3% on Friday, contributing to a broader decline in the semiconductor sector after Dell's disappointing earnings forecast and news of Alibaba developing its own chip to compete with Nvidia and AMD. This drop follows Nvidia's mixed earnings report earlier in the week, raising concerns about its reliance on a limited customer base and uncertainties in the Chinese market due to geopolitical tensions.
Source: YAHOO
Reported 8 days ago
Source: INVESTORS
Reported 8 days ago
Source: BARRONS
Reported 8 days ago
Nvidia and Broadcom led a decline in chip stocks as concerns about sales in China weighed heavily on the market, following Nvidia's mixed earnings report. Other semiconductor companies, including AMD and Marvell Technology, also saw stock drops amid fears of new U.S. restrictions impacting supply chains. Despite a strong performance earlier in August, this downturn marked a challenging end to the month for the tech sector.
Source: YAHOO
Reported 8 days ago
US stocks experienced a downturn on Friday, with the Dow Jones Industrial Average falling 0.2%, the S&P 500 dipping 0.6%, and the Nasdaq Composite decreasing over 1.1% due to inflation fears stemming from the latest consumer price data. Despite the decline, major indexes like the S&P 500 and Dow concluded the month on a positive note with gains of 1.4% and 2% respectively, marking their fourth consecutive month of increase. The Nasdaq also reported a 1.6% rise for August, its fifth straight month of gains, as investors await further economic indicators and potential interest rate cuts in September.
Source: YAHOO
Reported 8 days ago
Source: BARRONS
Reported 8 days ago
Moody's has recently upgraded a top stock in the S&P 500, which does not include Palantir. This change is significant for investors looking for strong stocks to consider in the current market landscape.
Source: INVESTORS
Reported 8 days ago
Source: INVESTORS