Check out the companies making the biggest moves midday: Generac — The generator company gained 8% after Bank of America raised its price target on the stock, highlighting the company’s entry into data centers . Baxter International — Shares fell around 20% after the health-care company reported weaker-than-expected results for the second quarter. Baxter reported adjusted earnings of 59 cents per share on revenue of $2.81 billion. Analysts polled by FactSet had forecast a profit of 61 cents per share on revenue of $2.82 billion. On top of that, Baxter lowered its full-year earnings guidance. Integra LifeSciences — The medical…
Author: usaeverydaylife
The U.S. economy is looking resilient based on recent data, but cracks are starting to show for certain companies – and that could be bad news for investors chasing yield. Earlier this week, the Commerce Department reported that U.S. gross domestic product for the second quarter grew 3%, surpassing the 2.3% estimate from economists polled by Dow Jones and reversing a 0.5% decline in the previous quarter. Nevertheless, companies with less-than-sterling ratings are feeling some pressure, according to data from Moody’s Ratings. More downgrades at the lower end of the speculative grade spectrum lifted the rating agency’s “B3 negative and…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin inches higher while ether and solana dip a day after the Fed kept rates unchanged. Plus, JPMorgan Chase CEO Jamie Dimon tells CNBC he believes in blockchain and stablecoins, but not bitcoin. And, Ryan Eagan of the Crypto Council for Innovation discusses the White House crypto report released by the Trump administration Wednesday. Source link
Jakub Porzycki | Nurphoto | Getty ImagesThe Securities and Exchange Commission on Thursday debuted “Project Crypto,” an initiative to modernize securities rules and regulations to allow for crypto-based trading.”To achieve President Trump’s vision of making America the crypto capital of the world, the SEC must holistically consider the potential benefits and risks of moving our markets from an off-chain environment to an on-chain one,” SEC chair Paul Atkins said in remarks to an “American Leadership in the Digital Finance Revolution” conference Thursday afternoon , referring to blockchain technology that enables cryptocurrencies, but has other applications as well.”I have directed the…
Bristol Myers Squibb shares dropped Thursday despite a solid quarterly beat and guidance raise, as Wall Street’s confidence wavers in the growth trajectory for schizophrenia treatment Cobenfy. Revenue in the second quarter, ended June 30, ticked up 1% to $12.3 billion, topping estimates of $11.4 billion, according to LSEG. Adjusted earnings per share (EPS) of $1.46 outpaced expectations of $1.07 but were down 29% versus the year-ago period. Bottom line While the results were strong overall, and management did raise their outlook for the full year, Bristol Myers shares nonetheless dropped 4% following the release. Most likely, it was a…
Concentrated tech strength is powering a market that is otherwise flashing signs of falling consumer health, according to Josh Brown, CEO of Ritholtz Wealth Management. Concerns around the market are mounting as artificial intelligence-related capex spending and strong corporate earnings — notably from Meta and Microsoft reports this week — fuel record gains for just a few mega-cap tech companies, while the rest of the S & P 500 is posting lackluster returns. “The top five market cap stocks now, all AI, spoiler alert, I think they’re equal to the market cap of the bottom 430 S & P 500…
U.S. President Donald Trump, U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr., Dr. Mehmet Oz, Administrator for the Centers for Medicare & Medicaid Services, David Sacks, AI & Crypto Czar and Amy Gleason, Acting Administrator, Department of Government Efficiency (DOGE) attend the “Making Health Technology Great Again” event in the East Room at the White House in Washington, D.C., U.S., July 30, 2025. Evelyn Hockstein | ReutersPresident Donald Trump on Thursday said he asked major pharmaceutical companies to take steps to cut U.S. drug prices within the next 60 days.On Truth Social on Thursday, Trump posted individual…
James Risoleo, Host Hotels CEO, joins ‘The Exchange’ to discuss Q2 earnings, luxury travel demand and Source link
Figma celebrates its Initial Public Offering at the New York Stock Exchange on July 31, 2025.NYSEFigma’s stock more than tripled in its New York Stock Exchange debut on Thursday, a day after the design software company sold shares at $33 in its IPO.The big opening pop is the latest indication that the tech IPO market has reopened following a multi-year lull that began in early 2022, when inflation was soaring and interest rates were on the rise. So far this year, online bank Chime, stablecoin issuer Circle and artificial intelligence infrastructure provider CoreWeave have hit the market, along with health-tech…
Apple is on the docket to release fiscal third-quarter earnings after the stock market close Thursday, with most analysts cautiously optimistic that the iPhone maker’s June quarter will deliver results that at least match Wall Street expectations. Analysts estimate that Apple, led by CEO Tim Cook, will earn $1.33 per share on revenue of $89.54 billion, an LSEG survey shows. This would represent earnings growth of 2.4% and a revenue rise of 4.4% versus the same period a year ago. Apple beat Wall Street’s forecasts for earnings and revenue in the fiscal second quarter that ended in March. But analysts…
