Intel CEO Lip-Bu Tan makes a speech on stage in Taipei, Taiwan May 19, 2025. Ann Wang | ReutersPresident Donald Trump said Monday that he and members of his cabinet met with Intel CEO Lip-Bu Tan, days after he called on the head of the chipmaker to resign. Intel shares rose 2% in extended trading.”I met with Mr. Lip-Bu Tan, of Intel, along with Secretary of Commerce, Howard Lutnick, and Secretary of the Treasury, Scott Bessent,” Trump wrote in a post on Truth Social. “The meeting was a very interesting one. His success and rise is an amazing story. Mr.…
Author: usaeverydaylife
This week’s inflation data will be huge for markets, and not just for the numbers. Beneath the Bureau of Labor Statistics’ reports on consumer and producer prices will be simmering questions over the data’s validity. Those concerns have accelerated as budget cutbacks have forced the agency to change the way it collects data. On top of that, President Donald Trump’s decision to fire the BLS commissioner after the July nonfarm payrolls data was released raised worries that the bureau could be politicized. Doubt over the accuracy and integrity of the data is a serious issue considering how much BLS work…
StubHub, the ticketing marketplace that spun out of eBay in 2020, has resumed its plans to go public and is now aiming to hold its IPO next month, CNBC has learned.The company originally paused its IPO plans in April as the stock market was reeling from President Donald Trump’s “liberation day” tariffs. The decision came after StubHub submitted its prospectus in March indicating it would list on the New York Stock Exchange under the ticker “STUB.”StubHub now expects to kick off its IPO roadshow after Labor Day, Sept. 1, and make its debut later in the month, according to a…
People walk past an AMC theater in Manhattan, New York City, on Feb. 25, 2025.Jeenah Moon | ReutersShares of AMC Entertainment rose 3% in midday trading Monday after the movie theater chain reported stronger-than-expected second-quarter results.The stock was previously up as much as 11% following the company’s earnings report before the bell.The company posted revenue of nearly $1.4 billion, up about 35% year over year and topping the $1.35 billion Wall Street estimate, according to LSEG.AMC reported a net loss of $4.7 million, or just 1 cent per share, notably narrower than the loss of $32.8 million, or 10 cents…
The opportunity to scoop up municipal bonds at attractive prices isn’t going to last forever, according to strategist Tom Kozlik. The head of public policy and municipal strategy at Hilltop Securities has been warning investors that a ” window of opportunity ” may close fast once the idea that the Federal Reserve is destined to cut interest rates gains in popularity. Now, he’s seeing signs that may have started. “The ship is leaving the port, and investors should stay alert to avoid missing this opportunity,” Kozlik wrote in a note last week. Yields on municipal securities declined recently, reinforcing this…
A sudden economic shock can bring the end of the current stock market euphoria, Stifel warned. Stifel’s Thomas Carroll and Barry Bannister wrote in a Monday note that an economic slowdown could be in the cards. That in turn can mean bad news for stocks despite the rally to all-time highs seen this year. “As markets charge to all-time highs (with very extended valuations), we are left to wonder what can break up the ‘party like it’s 1999’ atmosphere?” the pair wrote. “The lesson of history is that it is usually a sudden economic slowdown, which is what we forecast…
U.S. President Donald Trump speaks to the press about deploying federal law enforcement agents in Washington to bolster the local police presence, in the Press Briefing Room at the White House, in Washington D.C., U.S., August 11, 2025. Jonathan Ernst | ReutersPresident Donald Trump has signed an executive order that will prevent high U.S. tariffs on Chinese goods from snapping back into effect for another 90 days, a White House official told CNBC on Monday afternoon. The order was signed just hours before midnight, when the pause on Trump’s tariffs was set to expire.The delay was the expected outcome from…
Pavlo Gonchar | SOPA Images | APPeter Thiel-backed cryptocurrency exchange Bullish raised the size of its initial public offering.Bullish is aiming to raise $990 million, offering 30 million shares priced between $32 and $33 apiece, and targeting a valuation of $4.8 billion, according to a Monday filing with the Securities and Exchange Commission.The company, led by former New York Stock Exchange president Tom Farley, had previously marketed 20.3 million shares at a proposed range between $28 and $31 a share and sought a $4.2 billion valuation, per a filing last week.Bullish granted its underwriters, led by JPMorgan, Jefferies and Citigroup, a…
An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Chalinee Thirasupa | Bloomberg | Getty ImagesPresident Donald Trump said Monday that gold will not face tariffs, knocking down a ruling by U.S. customs officials that bars of the precious metal imported from Switzerland would face duties. “Gold will not be Tariffed!,” Trump said in a Truth Social post. Gold futures closed 2.48% lower at $3,404.70 per ounce after the announcement. The precious metal hit a record high Friday, after U.S. Customs and Border Protection ruled that 1 kilogram…
Walmart Inc. (WMT) added more than 5% last week, landing back on the radar of technical analysts as it filled its gap from February. The rally reflects not only positive short-term momentum, evident in the daily MACD, but also a positive intermediate-term momentum shift. The weekly MACD has a bullish crossover suggesting the rally may have staying power. WMT is regaining momentum relative to the S & P 500 Index (SPX) after having underperformed the broader equity market since the April low. The ratio of WMT to the SPX has reclaimed its 200-day moving average in a reversal of the…
