The entrance to the Consumer Financial Protection Bureau (CFPB) headquarters is seen during a protest on Feb. 10, 2025 in Washington, DC.Anna Moneymaker | Getty ImagesA divided federal appeals court on Friday cleared U.S. President Donald Trump to resume mass firings at the Consumer Financial Protection Bureau, ruling that a lower court had lacked jurisdiction in temporarily blocking this.However, the Circuit Court of Appeals for the District of Columbia said on Friday that its decision would not take immediate effect, allowing lawyers representing CFPB workers and pro-consumer organizations to seek reconsideration by the full court of appeals, meaning dismissal notices…
Author: usaeverydaylife
Opendoor shares popped about 10% on Friday after CEO Carrie Wheeler said she’s resigning from the online real estate company, which has seen a surge in recent interest from retail investors.Pressure began building on Wheeler, who took over the top job in 2022, after the company’s quarterly earnings report earlier this month failed to reassure investors that a turnaround is underway. The stock is up more than sixfold since bottoming out at 51 cents in June, a price that put the company at risk of being delisted from the Nasdaq.”The last weeks of intense outside interest in Opendoor have come…
Just a handful of companies reporting earnings next week have a track record of beating Wall Street’s expectations. Palo Alto Networks and Intuit are on that list. Second-quarter earnings have assuaged investors’ fears about slowing economic growth. More than 80% of S & P 500 companies that have reported so far have posted a positive earnings surprise for the second quarter, which is above the five-year average, according to FactSet data. More often than not, stocks can get a boost from strong earnings results. With this in mind, CNBC Pro screened data from Bespoke Investment Group for companies due to report…
(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) On-line sports betting company DraftKings (DKNG) has yet to recoup its losses associated with the stock market’s tariff-related sell-off. DKNG peaked in mid February (same as the S & P 500 Index) and then sold off hard, until ricocheting in early April (same as the S & P 500 Index) but has yet to make new highs (the S & P 500 Index is above its pre-sell-off February peak). Our thinking here is to play DraftKings for a catch-up trade; we believe the stock is headed back to its…
Intel’s underlying problems won’t be solved by the U.S. government purchasing an equity stake in the struggling chipmaker, Bernstein warned clients in a note published Friday. The Trump administration is in talks with Intel to buy a stake in the company in order to help fund a delayed manufacturing hub in Ohio, people familiar with the plan told Bloomberg News . It is the latest example of President Donald Trump’s interest in building government-backed national champions in strategic industries, in a stark departure from the free-market orthodoxy of previous administrations. Investors welcomed the prospect of government intervention with Intel’s stock…
These are some of the stocks posting the largest midday moves. Source link
Chicago Federal Reserve President Austan Goolsbee said Friday a mixed bag of inflation data this week coupled with lingering uncertainty over tariffs have given him some hesitation about lowering interest rates.Previously, Goolsbee has spoken of a “golden path” that would combine moderating inflation and a stable labor market and lead to lower rates.But in a CNBC interview Goolsbee said he still wants to see some more convincing data before the Federal Open Market Committee meets on Sept. 16-17. Goolsbee is one of 12 FOMC voters this year.Reports this week on consumer and producer prices “put in a note of unease”…
Investors should snag shares of Tapestry on the dip, according to Wells Fargo. The bank reiterated an overweight rating on the fashion holding company and raised its price target to $120 per share from $100. The firm’s new forecast implies more than 25% upside from Thursday’s $95.69 close. Tapestry shares sold off nearly 16% on Thursday after the Coach parent warned that President Donald Trump’s tariffs will hit profits . However, Wells Fargo analyst Ike Boruchow said the pullback is a buying opportunity. TPR YTD mountain Tapestry stock in 2025. “While today’s selloff is due to a ‘weak’ FY26 outlook,…
UnitedHealth Group Inc. signage on the floor of the New York Stock Exchange on April 21, 2025.Michael Nagle | Bloomberg | Getty ImagesStock Chart IconStock chart iconUnitedHealth FridayShares of UnitedHealth were down nearly 50% for 2025 through Thursday’s close before Buffett’s filing. The largest private health insurer has become the face of public blowback in this country against the rising costs of health care. UnitedHealth is currently facing a Justice Department investigation into its Medicare billing practices.In May, the company pulled its annual earnings outlook and CEO Andrew Witty stepped down. Last month, UnitedHealth gave a new 2025 outlook that…
Applied Materials shares plunged more than 13% after the semiconductor equipment maker issued weak guidance as it faces demand pressures in China.The company forecasted adjusted earnings of $2.11 per this quarter, falling short of the $2.39 per share expected by LSEG. The company projected $6.7 billion in revenue, versus the $7.34 billion estimate.During an earnings call with analysts, CEO Gary Dickerson said that the current macroeconomic backdrop and trade issues have fueled “increasing uncertainty and lower visibility,” primarily within its China business. He also said the guidance does not account for pending export license applications and assumes a significant backlog.Applied…
