Hedge fund icon Ray Dalio is sounding the alarm a lot this year over what he sees as the dire state of the US economy. His main concern in recent months has been the impact of soaring US debt levels and high deficit spending; now, he’s raising red flags about the path of monetary policy. […]
US stock futures inched up Thursday evening, hinting at a modest rebound after a steep tech-led sell-off rattled Wall Street. Dow Jones Industrial Average futures (YM=F) rose 0.2%, while S&P 500 (ES=F) and Nasdaq 100 futures (NQ=F) each gained roughly 0.3%. The uptick followed a day of declines for the major gauges; the Nasdaq Composite […]
US stock futures wobbled below the baseline Wednesday night, as investors weighed easing concerns over lofty AI valuations and drew optimism from a Supreme Court hearing that hinted at a possible setback for President Donald Trump’s tariff policy. S&P 500 (ES=F) and Dow Jones Industrial Average futures (YM=F) hovered near the flatline while Nasdaq 100 […]
Qualcomm (QCOM) reported its fourth quarter earnings after the bell on Wednesday, beating expectations on the top and bottom lines. The company also issued better-than-anticipated guidance of between $11.8 billion and $12.6 billion versus an anticipated $11.59 billion. But the company said it also took a one-time non-cash tax-related charge of $5.7 billion related to […]
McDonald’s (MCD) is set to report its third quarter results before the market open on Wednesday. Shares are lagging the broader market as weary consumers and intense value competition weigh on the stock. Wall Street expects US same-store sales to grow by 2.2% over last year during the quarter, an expected slowdown from the 2.5% […]
Nintendo Co.’s stock rose by its most in six months the company raised its Switch 2 outlook, a strong signal of confidence in the marquee console’s momentum ahead of the critical holiday season. The Kyoto-based games pioneer now expects to sell 19 million units of the gadget by March next year, up from the original […]
US stock futures fell Monday evening after a mixed session on Wall Street that saw AI optimism drive the S&P 500 and Nasdaq Composite higher. Dow Jones Industrial Average futures (YM=F) slipped about 0.1%. S&P 500 futures (ES=F) edged down 0.2% and Nasdaq 100 futures (NQ=F) dropped 0.4%. AI-heavy tech names once again fueled gains […]
Starbucks said Monday it sold a majority stake in its China business to Boyu Capital in a deal that values the business at $4 billion. Boyu will own a 60% stake in the business, with Starbucks holding the remainder. The coffee chain expects the total value of its China business to surpass $13 billion, including […]
SINGAPORE, Nov 3 (Reuters) – Asian stocks rose on Monday as the U.S.-China trade truce and surging investment in artificial intelligence buoyed risk sentiment, while the dollar firmed to a three-month high on easing rate cut wagers after hawkish comments from policymakers. Investors are still focused on developments from last week, including central bank meetings […]
The Israeli-founded travel and expense platform saw its shares tumble after a highly anticipated IPO. Last week was one of the strongest Wall Street has seen in years, particularly for technology stocks, but unusually, the only company to complete an IPO during that period was the Israeli firm Navan. Navan succeeded in raising $923 million […]
OMAHA, Neb. (AP) — The profits of Warren Buffett ‘s company improved 17% thanks to a relatively mild hurricane season and more paper investment gains this year as Berkshire Hathaway prepares for the legendary 95-year-old investor to relinquish the CEO title in January. But last month’s $9.7 billion investment in OxyChem won’t do much to […]
Booz Allen Hamilton Holding Investment Narrative Recap To be a Booz Allen Hamilton shareholder, you need to believe in the company’s ability to expand beyond government consulting, capturing new opportunities in AI, digital transformation, and advanced sensing. The recent 6G AI-native wireless partnership with NVIDIA could reinforce Booz Allen’s tech credentials, but it does not […]
