President Donald Trump returns to the White House, in Washington, D.C., from Pittsburgh, July 15, 2025.Celal Gunes | Anadolu | Getty ImagesPresident Donald Trump on Wednesday sharply criticized the bloc of his own political base that is publicly demanding the release of the so-called Jeffrey Epstein files, calling them “weaklings” whose support he does not want.”Their new SCAM is what we will forever call the Jeffrey Epstein Hoax, and my PAST supporters have bought into this ‘bull—-,’ hook, line, and sinker,” Trump vented in a Truth Social post.Trump doubled down at the White House later Wednesday, when he answered several…
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NVIDIA founder and CEO Jensen Huang speaks during the NVIDIA GTC Paris keynote, part of the 9th edition of the VivaTech technology startup and innovation fair, held at the Dôme de Paris in the Porte de Versailles exhibition center in Paris on June 11, 2025.Mustafa Yalcin | Anadolu | Getty ImagesNvidia CEO Jensen Huang sold another 225,000 shares of the chipmaker, totaling about $37 million, according to a U.S. Securities and Exchange Commission filing.The sale comes as part of a plan adopted in March for Huang to sell up to 6 million shares of the leading artificial intelligence company. Huang…
Rockwell Automation could still be an attractive turnaround story for investors, even after its latest run, according to Bank of America. BofA upgraded the industrial automation stock to buy from neutral in a Wednesday note, raising its price target 14%, to $410 per share from $360. BofA’s forecast implies about 18% upside from Tuesday’s $346.49 close. Rockwell helps businesses update their operations while improving productivity, through what are called both “smart manufacturing” and “process solutions.” Analyst Andrew Obin said that Rockwell is “starting to see the impact of its operational turnaround strategy,” adding that the company’s Logix platform is a…
President of the European Commission Ursula von der Leyen talking to media at the end of a bilateral meeting in the Berlaymont, the EU Commission headquarter on July 13, 2025 in Brussels, Belgium. Thierry Monasse | Getty Images News | Getty ImagesThe European Union’s executive arm on Wednesday put forward a proposal for a 2 trillion euro ($2.31 trillion) seven-year budget for the bloc starting in 2028, with a significant increase in funding allocated for defense.”This is a budget for the realities of today, as well as the challenges of tomorrow,” European Commission President Ursula von der Leyen said during…
Peter Thiel, president and founder of Clarium Capital Management LLC, holds hundred dollars bills as he speaks during the Bitcoin 2022 conference in Miami, Florida, U.S., on Thursday, April 7, 2022. Eva Marie Uzcategui | Bloomberg | Getty ImagesStock Chart IconStock chart iconBitmine (BMNR) 1-monthThe current wave of interest in Ethereum and related assets follows an announcement by Robinhood that it will enable trading of tokenized U.S. stocks and ETFs across Europe, and a groundswell of interest in stablecoins throughout June following Circle’s wildly successful IPO and ongoing progress in Congress on the Senate’s proposed stablecoin bill, the GENIUS Act.The price of ether itself also continued…
Stocks with durable growth and rising forecasts could outperform this earnings season, according to Wolfe Research. Financial results will be pouring in this week, with 35 stocks in the S & P 500 — or about 7% of the benchmark — on the schedule to report their latest earnings. Big banks including JPMorgan Chase , Wells Fargo , Citigroup , BlackRock , Bank of New York Mellon and State Street commenced the season on Tuesday morning. Other headliners reporting this week include PepsiCo , Netflix , United Airlines , 3M and Johnson & Johnson . In a Monday note, Wolfe Research…
A measure of wholesale prices showed no change in June, providing a conflicting sign over whether tariffs threaten to boost inflation in the coming months.The producer price index was flat, according to seasonally adjusted numbers from the Bureau of Labor Statistics reported Wednesday. Economists surveyed by Dow Jones had been looking for an increase of 0.2%.The same was true for core PPI, which also was expected to show a 0.2% rise.Combined with Tuesday’s consumer price index release, the data suggests that President Donald Trump’s tariffs are indicating only a marginal bite on the U.S. economy and the prices for goods…
It may be a strategic time to pivot away from this year’s Big Tech winners.Bob Elliott, who runs Unlimited Funds, suggests building portfolios designed to withstand a slowing economy over the next six months should be a priority.”You’re talking about positions long bonds, long gold and short the U.S. dollar,” the firm’s CEO and chief investment officer told “ETF Edge” this week. “That’s a very non-consensus view that is also favored by some of the smartest financial minds in the world [and] in the hedge fund community.”Elliott’s firm Unlimited Funds uses proprietary technology to create accessible alternative investment strategies, including…
Here are Wednesday’s biggest calls on Wall Street: Deutsche Bank reiterates Nvidia as buy Deutsche raised its price target on Nvidia to $155 per share from $145. “We generally anticipate strong 2Q/3Q reports/guides for companies across our coverage given that the macro/tariff overhang from 1Q has largely dissipated. In theory, this should give companies in our universe improved visibility on end-market demand into the second-half of the year.” Baird reiterates Tesla as neutral Baird said it’s cautious on Tesla ahead of earnings next week. “We see risk to estimates stemming from both 1) full-year volume outlook and 2) potential margin…
Global investors may be underestimating U.S. President Donald Trump’s commitment to follow through on his latest tariff threats, some market watchers have warned. In his latest trade policy update, Trump announced that he would be slapping 30% tariffs on goods imported to the U.S. from the European Union and Mexico from Aug. 1. European markets had a muted reaction to the news, with the pan-European Stoxx 600 index ending Monday’s session — the first after Trump sent his letter to the EU — 0.06% lower. Tuesday’s session saw a slightly deeper sell-off , with the index shedding 0.4%, but sentiment…
