Yoni Assia, co-founder and chief executive officer of EToro Group Ltd., center, and Ronen Assia, co-founder of EToro Group Ltd., center left, ring the opening bell during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, May 15, 2025. Yuki Iwamura | Bloomberg | Getty ImagesThe IPO market has repeatedly tricked investors into believing it’s reopening after an extended drought dating back to early 2022. There are, once again, signs of hope.Shares of stock brokerage platform eToro jumped nearly 29% in their Nasdaq debut on Wednesday after the Israel-based company priced its IPO above…
Author: usaeverydaylife
Many investors are breathing a sigh of relief that stocks seem to be making a comeback. Ned Davis Research says: not so fast. President Donald Trump’s trade policies wreaked havoc on markets to start the year, dragging down the S & P 500 18.9% between its all-time high in February and its closing low in early April. But stocks have made a spectacular recovery since the White House in early April suspended for 90 days its “retaliatory” tariff policies. The S & P 500 has soared nearly 19% since its April 8 low, and is finally positive on the year…
U.S. Federal Reserve in Washington, DC, on January 30, 2024.Mandel Ngan | Afp | Getty ImagesThe Federal Reserve will look to reduce its headcount by 10% over the next couple of years, including offering deferred resignation to some older employees, central bank chair Jerome Powell said in a memo.”Experience here and elsewhere shows that it is healthy for any organization to periodically take a fresh look at its staffing and resources. The Fed has done that from time to time as our work, priorities, or external environment have changed,” Powell said in a memo obtained by CNBC.The central bank chief…
Leon Cooperman, Omega Family Office chairman and CEO, remained heavily invested in energy stocks at the end of the first quarter, while adding a new master limited partnership. The billionaire investor took a small stake worth $16.5 million in Sunoco LP last quarter, according to a new regulatory filing. The fuel distributor is up about 9% this year after a 14% sell-off in 2024, and currently yields 6.26%, according to FactSet data. Cooperman, who was once CEO of Goldman Sachs Asset Management before starting Omega, also increased his holdings in two energy stocks that are among his biggest positions — Energy Transfer…
U.S. President Donald J. Trump speaks to media on Air Force One as he departs the Al Bateen Executive Airport on May 15, 2025, in Abu Dhabi, United Arab Emirates. Win Mcnamee | Getty Images News | Getty ImagesPresident Donald Trump took aim at the Supreme Court, fellow Republicans and several celebrities Friday in a series of social media screeds that underscore the domestic political challenges he faces and the personal grievances he won’t let go.”I see that Highly Overrated Bruce Springsteen goes to a Foreign Country to speak badly about the President of the United States,” Trump wrote about…
CoreWeave CEO Mike Intrator testifies before the Senate Committee on Commerce, Science, and Transportation in Washington on May 8, 2025. Intrator and fellow tech leaders testified about the global artificial intelligence race and how the United States can remain competitive.Chip Somodevilla | Getty ImagesCoreWeave investors are having a big week. Shares of the artificial intelligence infrastructure provider are up nearly 60% gain in the past five trading days, lifting the company’s market cap to about $38 billion. CoreWeave has more than doubled in value since its IPO in late March. The company got a big boost after reporting 420% revenue…
Check out the companies making headlines in midday trading. Applied Materials — Shares of the semiconductor manufacturer dropped 6% after Applied Materials posted disappointing fiscal second-quarter revenue. The company’s revenue of $7.10 billion was below the LSEG consensus of $7.13 billion. Semiconductor revenue of $5.26 billion also disappointed the $5.31 billion analysts were looking for. Take-Two Interactive Software — The stock slid 1.8% after the video game company gave weaker-than-anticipated guidance for full-year bookings, expecting the figure to come between $5.9 billion and $6 billion. That missed the $7.82 billion StreetAccount consensus. Take-Two also projected bookings of between $1.25 billion…
(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) The “vol crush” is complete, with the Cboe Volatility Index (VIX) now back down to a level that prevailed just before the stock market’s sell-off got underway on February 19 (Tuesday, February 19 th was the day the S & P 500 Index registered its all-time high). A volatility crush is a sudden and sharp decrease in implied volatility – which is the market’s expectation of future volatility, leading to a corresponding drop in the prices of options contracts. This typically happens after an event that initially caused a spike in…
Dario Amodei, Anthropic’s CEO, speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 21, 2025.Gerry Miller | CNBCEarlier this week, Anthropic received a $2.5 billion, five-year revolving credit line to amp up its liquidity in an ever-expanding — and expensive — competition in the artificial intelligence industry.Anthropic, founded by former OpenAI research executives, launched its Claude chatbot in March 2023.The company closed its latest funding round in March at a $61.5 billion valuation, and the new credit facility adds to that. The company said it plans to use it to strengthen its balance sheet and invest as it…
A grounded Boeing 737 Max 9 aircraft at Los Angeles International Airport.Eric Thayer | Bloomberg | Getty ImagesThe Justice Department isn’t planning to prosecute Boeing in a case tied to two crashes of the aerospace giant’s 737 Max, a person familiar with the matter said, a tentative agreement that would allow the plane-maker to avoid a guilty plea.Boeing agreed to plead guilty in the case last summer in a deal with the Justice Department after the Biden administration found earlier that year that the company violated a 2021 agreement tied to the crashes. A judge rejected that plea deal last…
