The stock market is going full tilt into risk after the latest inflation report. But not everybody is optimistic. The S & P 500 reached an all-time high on Tuesday after the cooler consumer price index report from July sounded the all-clear for the Federal Reserve to cut in September. On Wednesday, more investors were buzzing about the possibility of an ultra-big cut next month of a half-percentage point — adding to the positive mood on Wall Street. Yet, some investors are only getting more skittish as the market continues to run higher. They’re worried that stocks are priced for…
Author: usaeverydaylife
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailAdena Friedman, Nasdaq Chair & CEO, joins ‘Fast Money’ to discuss the boom in the IPO market, the dealmaking environment and the impact of the AI adoption. Source link
Contrary to popular belief, you won’t need a machine learning degree or other highly technical skills to succeed in the near future, according to Amazon Web Services CEO Matt Garman.As more artificial intelligence-powered tools get integrated into the workplace, employers will prioritize hiring workers with “soft skills” like creativity and adaptability, Garman told CNBC’s “Closing Bell” on Friday. His advice to his own child, a rising high school senior, he said: Develop your critical thinking skills in college, no matter what subject you study.”I think part of going to college is building [your] critical thinking,” Garman said. “It’s less about…
A banner depicting the Washington, D.C., flag with a text reading “Free DC” hangs from an overpass with a view of the U.S. Capitol after U.S. President Donald Trump announced federal take over of the Metropolitan Police Department under the Home Rule Act to assist in crime prevention in the nation’s capital, in Washington, D.C., U.S., August 12, 2025. Jonathan Ernst | ReutersPresident Donald Trump called Washington, D.C., a city overrun by “violent gangs and bloodthirsty criminals” as he moved to federalize the city’s police force and deploy hundreds of National Guard members.His dire depiction of the nation’s capital is at…
Alphabet CEO Sundar Pichai speaks at a Google I/O event in Mountain View, Calif., Tuesday, May 20, 2025.Jeff Chiu | APPerplexity AI’s bid on Tuesday to buy Google’s Chrome browser for $34.5 billion represents a dramatic moment for the internet search giant, a week before it celebrates the 20th anniversary of its IPO.Even if analysts aren’t taking the offer very seriously, Perplexity’s move marks a turning point. It’s the first time an outside party has made such a public and specific effort to strip out a key piece of Google, which is currently awaiting a judge’s decision on whether it…
People shop for pet supplies at a pet retail store in New York City, Aug. 12, 2025.Spencer Platt | Getty ImagesGoldman Sachs is taking the heat for its call that heavier tariff-induced consumer inflation is ahead, but it’s far from alone in that view among its Wall Street brethren.Despite investors’ embrace of Tuesday’s fairly benign consumer price index report, economists expect that the biggest impact to inflation is yet to come.With pre-tariff inventories rolling off, effective tariff rates climbing higher and companies less willing to absorb higher costs from the duties, the general feeling is that consumers are increasingly going…
Check out the companies making headlines in after-hours trading. Cisco – The tech stock pulled back almost 3% after its fourth-quarter results barely beat expectations. Cisco posted adjusted earnings of 99 cents per share on revenue of $14.67 billion in revenue, while analysts surveyed by LSEG were looking for a profit of 98 cents per share and $14.62 billion in revenue. The company’s guidance also just barely surpassed expectations. Cisco stock is up almost 19% year to date. Ibotta – The stock plunged more than 21% on the heels of the tech company’s second-quarter results missing expectations. Ibotta reported earnings…
Cava stock tumbled 16% in afternoon trading on Wednesday, making it the latest fast-casual chain to feel Wall Street’s wrath after reporting disappointing quarterly sales.A year ago, eateries like Chipotle Mexican Grill and Cava were reporting double-digit same-store sales growth, even as the broader restaurant industry posted falling traffic and slumping sales. But times have changed. This spring, fast-casual chains saw foot traffic decline as sales slowed down or even shrank.To explain the downturn, executives have said that diners are “cautious,” in the words of Sweetgreen CEO Jonathan Neman, or dealing with an economic “fog,” according to Cava CFO Tricia…
Since the May 3 Berkshire Hathaway annual meeting in which Warren Buffett said it was time for him to start stepping back, the stock has suffered a steady decline. Technician Frank Cappelleri said Wednesday on CNBC’s ” Worldwide Exchange ” that the stock is “extremely oversold and that’s only happened a few times in the last few years, we’re about to see another rally.” Cappelleri, the founder of CappThesis, correctly called the stock’s 15% rise early this year. During that run-up, the S & P was flat and the XLF SPDR Financials ETF was up half as much as Berkshire Hathaway. Then…
Traders work on the floor of the New York Stock Exchange on August 11, 2025. NYSESmall-cap stocks jumped Wednesday, bucking the decline from some of the market’s largest companies, as investors bet that the Federal Reserve will cut interest rates starting in September — lowering the cost of capital and possibly boosting consumer spending.The small-cap-focused Russell 2000 gained around 2% in the session. By comparison, the broad S&P 500 added just 0.3%, held back by major technology stocks.The CNBC Magnificent 7 Index, which tracks seven megacap technology companies, fell 0.4% despite hitting a 52-week high at one point in the…
