The Trump administration is pouring cold water on a report that it’s “currently” in talks to take equity stakes in quantum computing companies like IonQ, Rigetti Computing, and D-Wave Quantum, but shares in each of the companies were still comfortably higher Thursday.”The Commerce Department is not currently negotiating equity stakes with quantum computing companies,” the spokesperson said in a statement.The short statement still has room for investor optimism on the quantum names and the potential for a deal of some sort.”Currently” could imply talks will be held later, and “equity” could suggest a different structure in any kind of deal.…
Author: usaeverydaylife
A Futures-options trader works on the floor at the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York City, U.S., October 17, 2025. Brendan McDermid | ReutersLONDON — European stocks ended Thursday in positive territory as investors looked to earnings reports for clues on business activity and confidence in the region.The pan-European Stoxx 600 closed the session up 0.4%. The U.K.’s FTSE 100 index added 0.7%, France’s CAC 40 advanced 0.2%, and Italy’s FTSE MIB also saw gains of 0.4%. Germany’s DAX also edged higher, ending up 0.3%.It was a busy day for earnings in…
With a handful of mega-cap tech and AI stocks at the top of the S&P 500 Index dominating the U.S. market in a way without historical precedent, portfolio concentration risk has taken on a new form for investors long told to follow some version of Warren Buffett’s stock advice to “never bet against America.”But with the nine tech stocks that are above Buffett’s Berkshire Hathaway by weight in the index representing nearly 40% of the market, it’s an imbalance that has investors looking for new ways to hedge. Buffett may not agree with their response, either, having been a long-time…
Industrial conglomerate Dover reported better-than-expected third-quarter profits Thursday and gave skeptical investors plenty to like, sending the stock up more than 6%. Revenue rose 4.7% year over year to $2.08 billion, missing the consensus of $2.11 billion, according to estimates compiled by LSEG. Adjusted earnings per share (EPS) in the three months ended Sept. 30 totaled $2.62, easily topping the $2.51 consensus, LSEG data showed. On an annual basis, adjusted EPS rose 15.4%. Shares of Dover climbed about 6.8%, to roughly $179 apiece, in Thursday’s session. That has the stock on pace for its second-best day of the year —…
A price correction is often defined as a sudden loss in value, with the chart turning suddenly lower after an uptrend phase. But a correction can also occur in terms of time as opposed to price. The chart of Incyte Corp. (INCY) has demonstrated such a “time correction” in recent weeks. Today we’ll break down the specifics of this consolidation phase, use technical indicators to validate the pattern, and focus on what would constitute a successful resolution. After bottoming out along with most U.S. stocks in April, INCY pushed back above its 200-day moving average before stalling out around $71 in…
Work continues on a largely demolished part of the East Wing of the White House, Thursday, Oct. 23, 2025, in Washington, before construction of a new ballroom.Jacquelyn Martin | APThe demolition of the White House East Wing is nearly complete as President Donald Trump pushes ahead with plans to build a massive ballroom, an administration official told NBC News Thursday.Construction crews are now turning their attention to debris removal, the official said. Photos showed the building largely reduced to rubble.Trump said Wednesday that the 90,000 square foot ballroom will cost $300 million, higher than the original estimated price tag of…
Los Angeles Lakers forward LeBron James (23) prepares to shoot a foul shot against the Minnesota Timberwolves at Crypto.com Arena on October 22, 2024 in Los Angeles, California. Gina Ferazzi | Los Angeles Times | Getty ImagesA new bombshell indictment criminally charging former NBA player Damon Jones suggests that while affiliated with the Los Angeles Lakers, Jones leaked information about the injury status of superstar LeBron James to sports bettors before a February 2023 game.James is not accused of wrongdoing in the federal indictment, which alleges that Jones and others defrauded betting companies. Jones and James previously played together on…
U.S. President Donald Trump gestures as he hosts a Rose Garden Club lunch at the White House in Washington, D.C., U.S., October 21, 2025. Kevin Lamarque | ReutersPresident Donald Trump said in a post on Thursday that the federal government was preparing to “surge” San Francisco, but he was swayed by Nvidia CEO Jensen Huang, Salesforce CEO Marc Benioff and others to hold off on the deployment.Trump said in a post on Truth Social that he also spoke with Democratic Mayor Daniel Lurie, who “was making substantial progress” on crime.”Great people like Jensen Huang, Marc Benioff, and others have called…
The latest frenzy in Beyond Meat is offering a fresh reminder for investors chasing the latest viral stock — Riding the meme wave is fun, until it isn’t. The food company known for its plant-based burgers and sausages experienced monstrous gains of 128% Monday and 146% Tuesday. On Wednesday, the stock erased a triple-digit intraday gain to close down 1% with shares traded more notional value than Apple and Meta combined, according to Goldman Sachs. The seemingly minor loss on Wednesday nonetheless triggered a wave of selling Thursday, when shares tumbled about 20% in morning trading before bouncing back. BYND…
Check out the companies making the biggest moves midday: Super Micro Computer — The computer server manufacturer slumped 7% after cutting its fiscal first-quarter revenue forecast to about $5 billion from a prior estimate of $6 billion to $7 billion. Quantum computing stocks — Quantum computing shares jumped on a Wall Street Journal report that the Trump administration is in talks to acquire equity stakes in several quantum computing companies. Rigetti Computing is up 11%, while IonQ gained 10% and Quantum Computing rose 8%. Hexcel — The maker of composite materials jumped 15% and hit a 52-week high after its…
