Wedbush’s Dan Ives joins ‘Fast Money’ with his Tech earnings forecast. Source link
Author: usaeverydaylife
2021 Ford Bronco SportFordFord is recalling 694,271 crossover SUVs in the United States due to a fuel leak issue that could increase the risk of a fire, the U.S. National Highway Traffic Safety Administration said on Wednesday, following a year-long investigation.The NHTSA said fuel injector in affected vehicles may crack, causing fuel to leak into the engine compartment and potentially ignite.Ford shares were down 3% in afternoon trading.The recall covers certain 2021–2024 Bronco Sport and 2020–2022 Escape models equipped with 1.5-litre engines. The NHTSA estimates that 0.3% of recalled vehicles may have the defect.”We estimate the aggregate cost of the action, based on the remedy options we are evaluating, to be about $570 million and…
Dominika Zarzycka | Nurphoto | Getty ImagesCoinbase unveiled Wednesday an “everything app” designed to bring more people into the crypto economy.The “Base App,” which replaces Coinbase Wallet, will combine wallet, trading and payment functions as well as social media, messaging and support for mini apps – all running on the company’s homegrown public blockchain network Base, which is built on Ethereum.So-called super apps like WeChat and Alipay – which bundle several different services and functionalities into a single mobile app – have long been viewed as the holy grail of fintech by the industry. They’re central to everyday life in…
The final trades of the day with the Fast Money traders. Source link
U.S. Federal Reserve Chair, Jerome Powell and U.S. President Donald Trump. Nathan Howard | Jonathan Ernst | ReutersA new research note gaming out possible scenarios if President Donald Trump decides to fire Federal Reserve Chairman Jerome Powell warns that, regardless of what exactly happens next, “this would be a mess.””We expect, as does everyone else, that it would be significantly negative for markets, likely driving both an equity selloff and a counterproductive spike in long-term yields,” Wolfe Research’s Tobin Marcus and Chutong Zhu write in the note to clients.Wolfe Research speculated that the Supreme Court could ultimately decide whether Trump…
More than 1.4 million Afghans have been forced out of Iran since January amid a governmental crackdown. Elian Peltier, an international correspondent at The New York Times, reports from the Afghanistan-Iran border. There, he met with Afghans grappling with an uncertain future, as they return to a country with widespread poverty and severe restrictions on women’s and girls’ rights. Source link
Check out the companies making headlines in midday trading. Morgan Stanley — Shares fell 3.6% despite the financial institution beating second-quarter estimates. Morgan Stanley earned $2.13 per share and saw $16.79 billion in revenue, while analysts anticipated earnings of $1.96 a share and $16.07 billion in revenue, per LSEG. SolarEdge Technologies – Shares plummeted more than 8%. On Tuesday, JPMorgan downgraded the stock to neutral from overweight , given the stock’s recent outperformance. The stock has surged almost 101% in the past month and more than 84% this year. ASML — The stock dropped about 10% after the semiconductor company…
Check out the companies making headlines after the bell : United Airlines — Shares fell nearly 2% after the airline carrier posted a second-quarter revenue of $15.24 billion, missing analysts’ expectations of $15.35 billion, according to LSEG. Earnings, however, came in at $3.87 per share, exceeding the $3.81 consensus. Sarepta Therapeutics — The biopharma stock soared 32% after the company announced a ” strategic restructuring ” plan that involved a 36% workforce reduction, or around 500 employees. This plan aims to deliver about $400 million in anticipated annual savings. Monarch Casino & Resort — Shares popped 14% after the casino…
JPMorgan Chase could have even more room for growth following its latest quarterly report , according to Wells Fargo. Analyst Mike Mayo, who has an overweight rating on the “best-in-class” bank, raised his price target to $325 from $320. The increase implies more than 13% upside from Tuesday’s close. Mayo’s target change comes after the big U.S. bank reported second-quarter revenue of $45.68 billion, beating the LSEG consensus estimate of $44.06 billion. Noting a rise in investment banking activity over the course of the quarter, the bank also hiked its forecast for full-year net interest income – a measure of…
Even with President Donald Trump’s tariffs, the U.S. stocks with the highest international sales are actually besting domestic-focused names. Indeed, a recent analysis from Goldman Sachs found that the 50 S & P 500 stocks with the greatest overseas footprint outperformed the 50 S & P 500 stocks with the least exposure by 7 percentage points in 2025. International facing stocks advanced 11% from the start of the year, while U.S.-focused names rose just 4%. A big part of that story is the U.S. dollar, which dropped more than 10% through June in its worst first half going back to…
