One troubling development has emerged during the recent market turbulence: Investors, seeking some place to ride out the shockwaves, increasingly have nowhere to go. Investors, who have long relied on a traditional mix of 60/40 stocks and bonds to achieve growth while managing risk, can no longer depend on bonds for protection when equities are falling. The 30-year U.S. Treasury yield briefly topped 5% this week, though it has since pulled back slightly from those levels. Bond yields and prices move in opposite directions. The U.S. dollar, a safe haven asset that typically rises during periods of market turbulence, has…
Author: usaeverydaylife
Palo Alto Networks signage displays on the screen at the Nasdaq Market in New York City, U.S., March 25, 2025. Jeenah Moon | ReutersPalo Alto Networks reported better-than-expected earnings and revenue for the latest quarter but its gross margin was below estimates. The stock dropped 4% in extended trading on Tuesday. Here’s how the company did, compared to analysts’ consensus estimates from LSEG:Earnings per share: 80 cents adjusted vs. 77 cents expectedRevenue: $2.29 billion vs. $2.28 billion expectedSales in in the company’s fiscal third-quarter grew 15% year over year. Net income was $300 million, or 37 cents per share. The…
As the 44th Vice President of the United States, Dan Quayle made dozens of diplomatic trips, many aimed at helping to shape the post-Cold War Soviet Union. As a voter, Quayle has cast his ballot for Donald Trump in three consecutive presidential elections. But when you put those two things together, the current view from the former V.P. comes to a pessimistic conclusion about the current posture in U.S.-Russia relations and the war in Ukraine.”We are not approaching the end,” Quayle, who is now chairman of Cerberus Global Investments, said at the CNBC CEO Council Summit in Arizona on Tuesday.…
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas.CNBCElon Musk said Tuesday that he expects xAI will continue buying chips from semiconductor giants Nvidia and AMD.Musk’s artificial intelligence company, xAI, which now owns X (formerly Twitter) has already installed 200,000 GPUs at its Colossus facility in Memphis, the Tesla CEO told CNBC’s David Faber on Tuesday. XAI is also planning a 1 million GPU facility outside of Memphis, Musk said. He did not specify how many chips the company had already ordered and by which date they may be installed.This is breaking news. Please refresh for updates. Source link
Wall Street is mostly downbeat heading into Target ‘s Wednesday earnings report as the retailer battles tariffs and other headwinds. Target’s report comes as Wall Street and Main Street both contend with the evolving nature of President Donald Trump’s plan for steep levies on imports. CEO Brian Cornell warned in March that consumers could soon begin seeing price hikes on produce alone, as a result of the levies on Mexican imports. At the same time, the Minnesota-based company has faced blowback from some consumers over its decision to join several other companies in pulling back on diversity, equity and inclusion…
Top-rated municipal bonds could be looking even more attractive now that Moody’s Ratings has trimmed the United States’ pristine Aaa rating, according to Hilltop Securities. Moody’s was the last of the three major credit rating agencies to cut the U.S.’ sovereign credit rating, dialing it back one notch to Aa1 from Aaa on Friday. The ratings agency pointed to the ballooning burden of the federal government’s budget as one of the culprits behind the downgrade. “Successive U.S. administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs,” the…
A Warby Parker store is seen in Downtown Brooklyn in New York City on May 22, 2024.Michael M. Santiago | Getty ImagesWarby Parker shares surged more than 15% after Google announced a smart glasses partnership at the tech company’s annual I/O developer conference.Google has committed up to $150 million as part of the agreement. The company has committed $75 million into product development costs and will invest as much as an additional $75 million into the glasses company if Warby meets “certain collaboration milestones,” the companies announced.Warby Parker said it plans to launch a series of smart glasses with Google,…
NFL Commissioner Roger Goodell said this week the league is going to lean into international competition and could play as many as 16 games per season abroad in the next 5 years.Goodell appeared at the CNBC CEO Council Summit alongside Marriott CEO Anthony Capuano and spoke to a variety of topics that also included private equity, franchise valuations and the economy.Here are the highlights:Growing the NFL footprintThe NFL currently has seven international games on its 2025 schedule, the most in its history, hosting matchups in Brazil, England, Germany, Ireland and Spain. But Goodell said Monday that’s just the start.”I do…
We last wrote about Spotify on Oct. 22 just before the stock broke to all-time highs. SPOT is higher by about 75% since then, and we see the technicals and fundamentals of the stock as constructive. We’re gearing up to add to our position here. In October, we observed the chart consolidating below the 2021 highs of $389, anticipating a move to record levels. Last year was significant for the company. as it swung from a GAAP four-quarter loss in the prior year to a profit. Looking ahead to 2026, analysts are looking for 85.66% growth to $10.57 per share. Despite the broader market…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: The S & P 500 ‘s six-session winning streak is in jeopardy as U.S. stocks dipped modestly on Tuesday. The slight decline follows a volatile session Monday in which the market overcame a decline of more than 1% in reaction to Moody’s downgrade of U.S. debt and finished the day higher. The S & P 500 has gained nearly 5.4% since its close on May 9. The rally got…
