Reported 4 months ago
Shares of Quantum Computing have soared by 34.5% after the company reported a profitable Q1 and completed its Quantum Photonic Chip Foundry in Arizona. Despite the initial profit due to a noncash accounting gain, optimism remains for future growth within the quantum technology market. However, commercial viability is still years away, making investments potentially high-risk.
Source: YAHOO
Reported 4 months ago
As the US spring buying season begins later than expected, the housing market shows signs of resilience, with a 1.6% rise in housing starts in April, mainly driven by a surge in multifamily construction. Zillow's senior economist highlights that despite recent policy uncertainty and a dip in single-family home starts, factors such as improved affordability and steady mortgage rates could stimulate buyer activity, particularly among first-time homebuyers. With increased assistance options available, the market is anticipated to catch up as the season progresses.
Source: YAHOO
Reported 4 months ago
Warren Buffett's Berkshire Hathaway sold all of its 14.6 million shares in Citigroup as part of a broader reduction in financial sector holdings. Despite this move, Citigroup is undergoing significant restructuring and focusing on streamlining its operations, which may enhance its growth prospects. The bank's net interest income is expected to improve due to strong loan demand and a solid liquidity position. While Buffett's sale may raise concerns, Citigroup's restructuring and growth potential suggest investors might consider holding onto C stock for the time being.
Source: YAHOO
Reported 4 months ago
UBS is in negotiations to compensate clients who suffered significant losses from foreign exchange derivatives following President Trump's tariff announcements, which caused major fluctuations in currency markets. Hundreds of clients, particularly wealthier individuals who may not have fully understood the complex financial products they purchased, are impacted, resulting in accumulated losses in the hundreds of millions of Swiss francs. Even though these losses represent a minor portion of UBS's overall managed assets, discussions about client compensation are rare in the banking industry.
Source: YAHOO
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
Mike Novogratz's Galaxy Digital made its debut on Nasdaq, marking a significant week for the cryptocurrency market as other platforms like Coinbase entered the S&P 500. Trading commenced at $23.50 per share after transitioning from the Toronto Stock Exchange, and current shares are at $24.89. Novogratz emphasized that this is just the beginning for cryptocurrency, as the industry gains momentum, partially thanks to supportive moves from President Trump.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
CoreWeave's shares experienced a significant increase of up to 26% following Wall Street analysts raising their price targets after the company's strong earnings report. The stock's rise was further fueled by Nvidia's SEC filing, which disclosed an increase in its stake in CoreWeave to $1.9 billion. Despite CoreWeave's challenges, including high capital expenses and customer concentration, Nvidia's involvement boosts investor confidence in the company's future.
Source: YAHOO
Reported 4 months ago
Analyst Joshua Reilly of Needham has maintained a Buy rating for Twilio, expressing increased optimism after attending the Twilio Signal customer conference. The discussions highlighted the platform's growing usage and positive reviews, supported by the strategic partnership with Microsoft, which enhances customer engagement through AI capabilities. Reilly anticipates that ongoing improvements, including streamlined billing, will benefit customer experiences in the long run. He forecasts fiscal 2025 revenue at $4.82 billion and remains confident about Twilio's growth prospects.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
A recent Redfin report highlights a significant decline in homebuyer confidence, as high home prices and rising mortgage rates deter potential buyers. Although housing inventory is at a five-year high, pending sales in the U.S. have dropped by 3.4% compared to last year, marking record low activity for this period. Economic uncertainties, including fears of tariffs and a potential recession, are prompting many to start but subsequently abandon their home searches, while those who do proceed are opting for more affordable options.
Source: YAHOO
Reported 4 months ago
In 2025, U.S. stocks, particularly the S&P 500, showed minimal growth of just under 1%, significantly trailing global markets that posted double-digit gains, notably Germany with nearly 30%. The decline was largely attributed to the aftermath of President Trump's tariff policy, which caused a market sell-off. While recent pauses in tariff implementations have sparked some recovery, uncertainty regarding trade policies remains, fueling concerns over potential recession and continued challenges for U.S. equities.
Source: YAHOO
Reported 4 months ago
In April, the U.S. Department of Education (ED) processed only 4% of outstanding income-driven repayment applications, with nearly 2 million still pending. Borrowers are advised to continue making regular loan payments while waiting for their applications to be processed, as delays are expected. Additionally, collections notices have begun for nearly 200,000 federal student loan borrowers in default, reigniting wage garnishment, tax withholding, and Social Security seizures that had been paused for five years.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
The Nasdaq 100 has experienced a significant surge of over 6% in three of the last six weeks, raising concerns about being overbought. Despite this, technical analysis suggests that this overbought condition, as measured by the relative strength index (RSI), may actually set the stage for more substantial long-term gains. Historically, similar patterns have resulted in an average 15% increase over a year, with a strong track record supporting continued upward momentum.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Source: BARRONS