Very few stocks made the “100% club” in the third quarter — meaning they saw shares more than double in the span of just three months. Tuesday marked the final session of the third quarter, which saw the S & P 500 gain nearly 8%, the tech-heavy Nasdaq Composite jump more than 11% and the Dow Jones Industrial Average rise more than 5% since the end of June. U.S. stocks recorded an unusually solid September, during which the S & P 500 gained more than 3% in a month that has averaged a 4.2% drop over the last five years.…
Author: usaeverydaylife
Thomas Kurian, CEO of Google Cloud, speaks at a cloud computing conference held by the company in 2019.Michael Short | Bloomberg | Getty ImagesGoogle has laid off more than 100 employees in design-related roles, CNBC has learned.Earlier this week, the company laid off employees within the cloud unit’s “quantitative user experience research” teams and “platform and service experience” teams, as well as some adjacent teams, according to internal documents viewed by CNBC.The roles often focus on using data, surveys and other tools to understand and implement user behaviors that inform product development and design.Google has halved some of the cloud…
As the U.S. begins its first federal government shutdown since 2018, with uncertain repercussions for the economy, the ghost of Elon Musk continues to rattle real estate markets across the U.S.Even though Musk left the government months ago, his legacy remains with DOGE. One of the ways in which DOGE has sought to cut government expenses has been to cancel leases of hundreds of offices across the country. While the DOGE website lists how much has been saved from each cancelled lease — in all, 384 cancelled leases at an estimated savings of roughly $140 million — experts say the…
Given the government shutdown, a question I’ve heard a lot this week is whether gold should be considered a safe-haven. Perhaps — but in 2025, gold has been acting like anything BUT a boring safe haven. Thus, sometimes, the price action, itself, tells the story better than the headlines. This is one of those times. Here’s why: Coming into September, gold was sporting one of the most attractive technical formations. Price had moved sideways from April through August, logging a series of higher lows along the way that resembled a classic continuation pattern—a setup that GLD had successfully broken out of…
With the federal government shutdown underway, Wall Street is parsing which contractors are most at risk, and which may bounce back once a deal is struck. While a typical shutdown of a few weeks is unlikely to do lasting damage to government services firms, a protracted impasse could crimp backlog conversion, slow awards and weigh on cash flow for these companies, according to TD Cowen. “We’ve received many investor inbounds on the fundamental risk to govt services stocks if the federal gov’t budget impasse isn’t resolved for about a month,” TD Cowen analyst Gautam Khanna said in a note to…
Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025.Laure Andrillon | ReutersIntel is in early talks with AMD to manufacture chips for it in its foundry business, according to a report from Semafor.Intel shares rose 6% on the news. AMD shares were flat.If AMD were to start manufacturing chips with Intel, it would be a significant win for the company’s foundry business, which is currently seeking big customers. Analysts say that a big customer would allow Intel Foundry to confidently invest in developing its manufacturing technology and would send…
Morning light hits the U.S. Capitol hours ahead of a press conference to discuss the Epstein Files Transparency bill, directing the release of the remaining files related to the investigations into Jeffrey Epstein and Ghislaine Maxwell, on Capitol Hill in Washington, D.C., U.S., September 3, 2025. Jonathan Ernst | ReutersThe U.S. government entered a shutdown on Wednesday, sparking conversation across global markets as investors weighed the potential impact on the wider economy.Although government shutdowns typically have a negligible impact on capital markets, the timing of this one is significant.U.S. jobs data due to be published on Friday will be delayed by…
Carvana , poised to capitalize on a shift to digital in the used-car market, is a buying opportunity with more than 20% upside, according to Jefferies. Analyst John Colantuoni upgraded shares of the online used-car retailer to buy from hold and hiked his price target to $475 from $385, signaling a 21% gain ahead. The firm’s surveys found that U.S. consumers prefer to sell and buy their cars online, a shift that can benefit Carvana. “The results of our consumer survey, proprietary web scape, and capacity analysis all support CVNA continuing to deliver elevated growth and upside to consensus,” Colantuoni…
A new BlackRock deal could wisely position the asset manager to capitalize on surging demand for power as the generative AI boom shows no signs of slowing down. The news Global Infrastructure Partners (GIP), the infrastructure fund manager purchased by BlackRock, is nearing a $38 billion deal to acquire renewable power company AES , according to the Financial Times . If this were to happen, it would be one of the largest infrastructure takeovers in history. AES, a prominent utility in the U.S., owns and operates power plants across the globe. The firm has provided energy solutions for the world’s largest…
Amazon on Wednesday expanded its private-label grocery lineup with the launch of a new brand aimed at “price-conscious” shoppers, with most products priced under $5.The brand is called Amazon Grocery and includes more than 1,000 items, ranging from dairy, fresh produce, meat and seafood to snacks and baking essentials, the company said in a release. Amazon said the new offering unites its Happy Belly and Amazon Fresh brands under one label.”During a time when consumers are particularly price-conscious, Amazon Grocery delivers more than 1,000 quality grocery items across all categories that don’t compromise on quality or taste – from fresh…
