Check out the companies making headlines in after-hour trading. Texas Instruments — The maker of analog and embedded processing chips tumbled more than 9% after second quarter sales and earnings topped Wall Street estimates, while the low end of third quarter guidance fell short. The stock had soared 46% in the past three months before the results. CoStar Group — Shares of the online real estate marketplace rose 1% after the company reported better-than-expected earnings for the second quarter. CoStar earned 17 cents per share, excluding items, on $781.3 million in revenue, while analysts polled by FactSet anticipated 14 cents…
Author: usaeverydaylife
The growth trade has gone almost parabolic since the April lows with a 40% rise in less than four months. I think we’re in a secular bull market and should be considerably higher one year from now. Near term, however, I also think a pullback is possible. Should you care? I don’t know. It depends on your perspectives and objectives. But if a 5% pullback is something you consider actionable, then a hedge in the Nasdaq might make sense. One investor’s bull market is another investor’s bear market. Trading and investing is all about your own personal perspectives and objectives. There is not…
Sen. Mike Lee, R-Utah., speaks to reporters as he arrives for the Senate Republicans’ lunch meeting in the U.S. Capitol on Tuesday, June 17, 2025.Bill Clark | CQ-Roll Call, Inc. | Getty ImagesSen. Mike Lee, R-Utah, on Tuesday reportedly shared and then hastily deleted a fake, apparently AI-generated letter purporting to show Jerome Powell resigning as chairman of the Federal Reserve.The phony letter — addressed to “The President” — featured a garbled Fed seal with non-English characters and a slightly misshapen depiction of an eagle, as well as some unusual text spacing.”After much reflection, I have decided to resign from…
Seized catalytic converter thefts from Operation Heavy Metal in 2022.Courtesy: Department of Homeland SecurityA New Jersey man pleaded guilty in Oklahoma federal court to leading a massive theft ring that stole catalytic converters from vehicles and sold them for more than $600 million in total to a refinery that extracted precious metals contained in the devices.The defendant, Navin Khanna, is the latest person to plead guilty in connection with the ring, which was exposed after police in Tulsa, Oklahoma discovered nearly 130 catalytic converters in the bed of a truck they stopped in May 2021, after an off-duty officer reported…
Danaher shares fluctuated between gains and losses Tuesday after the life science firm’s second-quarter earnings cleared Wall Street’s fairly low bar. Revenue for the three months ended June 27 increased 3.5% year over year to $5.94 billion, topping the consensus estimate of $5.84 billion, according to LSEG. On a core basis — which strips out the impact of currency fluctuations to provide a better understanding of actual demand — sales were up 1.5% versus the year-ago period. Adjusted earnings per share (EPS) totaled $1.80, exceeding the $1.64 estimate, LSEG data showed. On an annual basis, adjusted EPS was up 4.65%.…
Yields brokerage firms are willing to pay on idle cash are expected to cool in the second half of this year, but a few companies are still offering attractive rates for now. The Federal Reserve hasn’t made any movement on interest rate cuts since last December, maintaining its target interest rate range at 4.25% to 4.5%. Central bank policymakers are widely expected to stand pat at the conclusion of their July meeting next Wednesday, too. Nevertheless, brokerages have been busy as of late, pulling back their cash sweep rates – the yields they pay on dollars that haven’t yet been…
British musician Ozzy Osbourne performs at the World Music Theater, Tinley Park, Chicago, Illinois, August 20, 2000. Paul Natkin | Archive Photos | Getty ImagesOzzy Osbourne, the wailing Black Sabbath singer-turned-solo act who took the “Crazy Train” from a bleak childhood in working-class Birmingham, England, to heavy metal stardom, has died.He was 76.His family announced the rock legend’s passing in a statement: “It is with more sadness than mere words can convey that we have to report that our beloved Ozzy Osbourne has passed away this morning. He was with his family and surrounded by love. We ask everyone to…
Amazon logo on a brick building exterior in San Francisco on Aug. 20, 2024.Smith Collection | Gado | Archive Photos | Getty ImagesAmazon plans to acquire wearables startup Bee AI, the company confirmed, in the latest example of tech giants doubling down on generative artificial intelligence.Bee, based in San Francisco, makes a $49.99 wristband that appears similar to a Fitbit smartwatch. The device is equipped with AI and microphones that can listen to and analyze conversations to provide summaries, to-do lists and reminders for everyday tasks.Bee AI CEO Maria de Lourdes Zollo announced in a LinkedIn post on Tuesday that…
Mark Zuckerberg, CEO of Meta Platforms Inc.; from left, Lauren Sanchez; Jeff Bezos, founder of Amazon.com Inc.; Sundar Pichai, CEO of Alphabet Inc.; and Elon Musk, CEO of Tesla Inc., during the 60th presidential inauguration in the rotunda of the U.S. Capitol in Washington, D.C., on Jan. 20, 2025.Julia Demaree Nikhinson | Bloomberg | Getty ImagesAs Alphabet and Tesla get set to kick off the tech industry’s second-quarter earnings blitz on Wednesday, Wall Street appears to be feeling good.The Nasdaq closed at a record on Monday, notching its sixth straight day in the green, and is now up 8% for…
Interactive Brokers is a stock that should be on Wall Street’s watchlist, according to Josh Brown of Ritholtz Wealth Management. “That’s on my best stocks list. I think that’s going way higher.” the firm’s CEO said on CNBC’s ” Halftime Report ” on Tuesday, referring to Interactive Brokers. “Just looking at the way Schwab and Robinhood have been treated, I think that stock should get a bigger rally. And there are tons of those stories everywhere I look in the sector, so I think it’s going to continue to work. I think you want to be in financials into end…
