Bottles of the American whiskey Jack Daniel’s are offered for sale in a liquor store on November 27, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesShares of Jack Daniel’s-maker Brown-Forman plunged more than 18% on Thursday after the company reported quarterly earnings that came in below analyst estimates, weighed down by the impact of tariffs and weak discretionary spending on alcohol.”While our results did not meet our long-term growth aspirations, we made important progress in an exceptionally challenging macroeconomic environment,” CEO Lawson Whiting said in the company’s earnings release.Here’s how the company performed for its fiscal fourth quarter of 2025,…
Author: usaeverydaylife
Shares of Caterpillar (CAT) have stalled out in recent weeks, pounding out a sideways consolidation phase just below the 200-day moving average. We’re noting a confluence of indicators that suggests a move above $355 could signal a new uptrend phase with an upside target above $400. After a significant rally off the April low, CAT pushed higher into early May when the European tariff news caused shares to gap up to the 200-day moving average. For the past three weeks, the price has remained in a tight trading range between the 200-day moving average around $355 and the upper end of the…
DETROIT — Stellantis said Thursday it is resurrecting its popular V-8 Hemi engine for its Ram 1500 full-size pickup trucks beginning this summer.The company discontinued the 5.7-liter engine amid tightening fuel economy regulations and a companywide push toward electric vehicles and more efficient engines last year under ex-Stellantis CEO Carlos Tavares.Ram CEO Tim Kuniskis, who unretired from the automaker late last year, admitted the decision to cancel the Hemi engine for its popular consumer-focused Ram 1500 was a mistake.”Everyone makes mistakes, but how you handle them defines you. Ram screwed up when we dropped the Hemi — we own it…
This satellite image from Planet Labs PBC shows what appears to be a sunken Chinese submarine at a shipyard near Wuhan, China, on June 15, 2024.Planet Labs PBC via APShares of satellite imagery company Planet Labs soared more than 50% during Thursday’s trading session on the back of its strong first-quarter earnings report.The company on Wednesday posted its first-ever quarter of positive free cash flow, coming in at $8.0 million. Planet Labs also exceeded quarterly estimates on top and bottom lines, reporting record revenue for the period.Stock Chart IconStock chart iconPlanet Labs’ performance over the past dayPlanet Labs posted breakeven…
The market is once again all in on Broadcom , pushing up the stock 31% over the past month and 14% this year. Eyes now turn to its fiscal second-quarter earnings report for the quarter that ended in April, due to be released Thursday after the market close. Investors have piled into the chipmaker and infrastructure software provider after strong first-quarter earnings were reported in March, when Broadcom’s second-quarter guidance for sales and adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, also topped analysts’ estimates and it touted “continued strength in AI semiconductor revenue.” A month later, Broadcom…
Shares of Circle Internet Group soared as much as 235% after the stablecoin company and its selling shareholders raised almost $1.1 billion in an initial public offering.The stock opened at $69.50 on the New York Stock Exchange after its IPO priced at $31. At one point, it traded as high as $103.75.The New York-based company priced its IPO late Wednesday, far above this week’s expected range of $27 to $28 and an initial range last week of between $24 and $26, valuing the company Thursday at some $6.8 billion before trading began.Stock Chart IconStock chart iconCircle (CRCL) rose as high…
The Anduril Industries headquarters in Costa Mesa, California, US, on Thursday, Dec. 14, 2023. Kyle Grillot | Bloomberg | Getty ImagesDefense tech startup Anduril Industries has raised $2.5 billion at a $30.5 billion valuation, including the new capital, Chairman Trae Stephens said on Thursday.”As we continue working on building a company that has the capacity to scale into the largest problems for the national security community, we thought it was really important to shore up the balance sheet and make sure we have the ability to deploy capital into these manufacturing and production problem sets that we’re working on,” Stephens told…
Despite a disappointing run so far this year, history shows Apple can regain momentum in the coming months. JPMorgan analyst Samik Chatterjee pointed to the stock’s outperformance compared with the S & P 500 in all but one of the last seven years when looking at a timeframe beginning in June and ending in mid-September. That’s because investors typically grow excited into new iPhone releases. On average over the past seven years, Apple shares have rallied 18% in this time period. By comparison, the S & P 500 has risen less than 6%. That would be a welcome change for…
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President Donald Trump on Thursday said that Elon Musk has been criticizing his proposed tax bill because the Tesla CEO is “upset” about the elimination of EV credits in the package, and his pick to run NASA being nixed by the Trump administration.Trump spoke after days of Musk condemning the bill on social media. Musk on Tuesday call the bill a “disgusting abomination.”Musk last week left his temporary government post overseeing DOGE, the Trump administration’s effort to slash federal spending and employee headcounts. Musk also was the biggest financial backer of Trump’s 2024 campaign, spending more than $250 million on…
