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…
Author: usaeverydaylife
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…
Brian Thompson, CEO of UnitedHealthcare.Courtesy: UnitedHealth GroupA New York state man was arrested Wednesday for allegedly leaving threatening voicemails for the widow of UnitedHealthcare CEO Brian Thompson, hours after he was fatally shot on a Manhattan sidewalk in December.The man, Shane Daley, left Paulette Thompson profanity-laced voicemails calling her husband a “f—— capitalist pig” and declaring he died because he was “profiting off the backs of poor Americans,” according to a criminal complaint in Albany federal court charging Daley with cyberstalking.”This s— is gonna keep happening to you f—— p—–,” Daley, 40, warned Paulette in one of three voicemails he…
Cisco CEO Chuck Robbins speaks at the Business Roundtable CEO Workforce Forum in Washington on June 17, 2025.Al Drago | Bloomberg | Getty ImagesCIsco reported results on Wednesday that narrowly exceeded analysts’ expectations and issued quarterly guidance that was also better than expected. The stock slipped in extended trading.Here’s how the company did in comparison with LSEG consensus:Earnings per share: 99 cents adjusted vs. 98 cents expectedRevenue: $14.67 billion vs. $14.62 billion expectedRevenue increased 7.6% year over year in the quarter, which ended on July 26, according to a statement. Net income rose to $2.82 billion, or 71 cents per…
Shares of crypto exchange Bullish rocketed Wednesday after the company raised about $1.1 billion in an initial public offering.The stock opened at $90 on the New York Stock Exchange, 143% above its IPO price of $37. At one point, it rose as high as $118. It closed with a more than 83% gain at $68.The company priced its IPO early Wednesday far above this week’s expected range of $32 to $33 and an initial range last week of between $28 and $31, valuing the company at some $5.4 billion before trading began.Stock Chart IconStock chart iconBullish (BLSH) more than doubles its…
(PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro. See the full discussion above.) As this stock market is ripping to records, Capital Wealth Planning’s Kevin Simpson is keeping his cool, scooping up some value picks that will benefit as the rally broadens out, while deploying his tried-and-true options strategy to generate income. He’s also playing along with one bull market leader — Meta — which he still puts in the value category despite its 33% gain this year. I spoke with Simpson, whose Morningstar five-star rated…
