Federal Reserve Governor Christopher Waller converses on the sidelines of a monetary policy conference at Stanford University’s Hoover Institution in Palo Alto, California, U.S., May 9, 2025. Ann Saphir | ReutersThe odds that Federal Reserve Governor Christopher Waller will be named the next chairman crossed above 50% for the first time on prediction market Kalshi.Waller’s probability spiked from just about 16% on Wednesday after Bloomberg News reported, citing people familiar with the matter, that President Donald Trump’s advisors like his openness to adjust monetary policy based on forecasting, rather than current data. It also reported that Waller has met with…
Author: usaeverydaylife
The chart of American Express (AXP) was looking quite promising into early July, with a strong uptrend phase off the early April low. Over the last four weeks, a pullback has changed the complexion of this chart, which now appears to be a classic example of a double top pattern. Now AXP is testing a key support level, and any further weakness could confirm a bear phase in August. The daily chart features a clear double top pattern, with the early July peak around $328 lining up well with the February top at $325. Now a double top pattern is…
The uncertainty of the Trump Administration’s ongoing trade talks with China, which have spurred multiple “deadlines,” has fueled airfreight traffic. Global air cargo volumes jumped 5% year-on-year in July, according to Xeneta, as a result of global shippers trying to get their goods into the U.S. before the latest deadline of Aug. 12. This need for speed has also expanded air freight volumes on other trade routes. The China trade deadline was extended in May to next Tuesday. “While this state of tariff flux exists, air cargo gives shippers the opportunity to respond quicker and ‘that’s what they’re playing with,”…
Firefly Aerospace rings the opening bell at the Nasdaq on Aug. 7th, 2025.The NasdaqFirefly Aerospace jumped more than 50% in its Nasdaq debut on Thursday after pricing shares above its expected range.Shares started trading at $70 each under the ticker symbol FLY. The initial price values the company at close to $10 billion. The shares ticked lower after the open.Space technology has gained momentum in recent years as companies such as Elon Musk’s SpaceX amass more funding and government contracts. Firefly is the third space company to go public this year after Voyager Technology and Karman Holdings.The rocket and lunar lander maker priced shares late Wednesday…
Here are some of the stocks posting the biggest moves in midday trading. Source link
Eli Lilly delivered strong second-quarter results on Thursday, but shares are plummeting because of disappointing data for a key late-stage trial. It’s forcing us to ask ourselves difficult questions about this once-loved stock. Revenue in the three months ended June 30 jumped 38% year over year to $15.56 billion, beating Wall Street expectations of $14.71 billion, according to LSEG. Adjusted earnings per share (EPS) surged 61% year over year to $6.31, ahead of the $5.46 consensus, LSEG data showed. Shares of Lilly tumbled more than 14% in afternoon trading to around $640 apiece. While we’re glad we booked profits in…
US President Donald Trump speaks in the Oval Office of the White House in Washington, DC, US, on Wednesday, Aug. 6, 2025. Bonnie Cash | Bloomberg | Getty ImagesPresident Donald Trump’s overall and economic approval ratings remain in negative territory despite a slight improvement in the latest CNBC All-America Economic Survey.More troubling for the president, however, could be that the survey shows positive approval of only one of seven key issues, with the public holding negative views on his handling of tariffs, inflation, taxes and federal spending.There also was a modest rise in the public’s preference for the Democrats to…
OpenAI CEO Sam Altman, pictured, speaks with SoftBank Group CEO Masayoshi Son at an event in Tokyo on Feb. 3, 2025.Tomohiro Ohsumi | Getty Images News | Getty ImagesOpenAI on Thursday announced GPT-5, its latest and most advanced large-scale artificial intelligence model.The company is making GTP-5 available to everyone, including its free users. OpenAI said the model is smarter, faster and “a lot more useful,” particularly across domains like writing, coding and health care.”I tried going back to GPT-4, and it was quite miserable,” OpenAI CEO Sam Altman said in a briefing with reporters.Since launching its AI chatbot ChatGPT in…
President of the Swiss Confederation, Karin Keller-Sutter (R) and Swiss Economy Minister Guy Parmelin depart at the Department of State after a meeting with US Secretary of State Marco Rubio, in Washington, DC on August 6, 2025. Drew Angerer | Afp | Getty ImagesSwitzerland will continue talks with the United States, its president said on Thursday, after President Donald Trump placed crippling import tariffs on Swiss goods, which threaten to inflict serious damage on its export-focused economy. The 39% import levy – among the highest of any applied under Trump’s global trade reset – took effect at midnight Washington time…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — We have a lot of consumer discretionary stocks on our Best Stocks in the Market list these days — from eBay and Flutter Entertainment to Carvana and Royal Caribbean . But we don’t have a lot of retailers. Today, we’re taking a look at one of the best technical set-ups on the list and a company that has fundamentally outperformed its competitors across every important metric. TJX owns and operates the T.J. Maxx brand as well…
