Although earnings season is the pinnacle for most investors each quarter, don’t overlook the value of Form 13F filings with regulators. A 13F details which stocks Wall Street’s savviest money managers bought and sold in the latest quarter. This includes Duquesne Family Office’s seasoned billionaire investor, Stanley Druckenmiller. Duquesne’s 13F shows that Druckenmiller sent shares […]
The spotlight is back on Fort Knox, thanks to a renewed push for an in-person audit by President Donald Trump — a demand fueled by his Truth Social (1) post referencing a New York Post story (2) about a former CIA official, David Rush, allegedly caught with a staggering $40 million in gold bars. On […]
With stellar earnings powering stock indexes to all-time highs, Wall Street now wants to see the market broaden. “Any time you have narrow leadership, despite what is doing the leading, it just creates more of a fragility in markets in general,” Matt Stucky, Northwestern Mutual Wealth Management chief portfolio manager, told Yahoo Finance last week. […]
The US and Iran traded messages over the weekend seeking changes to a draft agreement that would extend a ceasefire and open the Strait of Hormuz, but it was unclear whether the sides were making much progress. As the diplomatic exchanges continued, Israel expanded its ground assault in Lebanon, shattering a brittle truce with its […]
The Knicks are back in the finals, Michael Burry is talking dot-com bubble, and Wall Street suddenly has a 1999 joke it cannot quite laugh off. Burry, best known for calling the housing crash, recently warned that the market feels like “the last months of the 1999-2000 bubble,” with AI and semiconductor stocks at the […]
As inflation reaches its highest level in three years and the war in Iran crosses the three-month mark, Federal Reserve officials are carefully attuned to whether inflation becomes sticky enough that they would have to go from holding interest rates steady to hiking. Of course, everything depends on when the conflict in the Middle East […]
The US and Iran have reached a tentative deal to extend a ceasefire by 60 days and launch further talks on Tehran’s nuclear program, a person with knowledge of the matter said, raising hopes the three-month conflict could be nearing a resolution. The person, who spoke on condition of anonymity to discuss private negotiations, confirmed […]
The Federal Reserve’s preferred inflation gauge surged to a three-year high in April, adding to growing concern at the central bank and on Wall Street over broadening price pressures. The Personal Consumption Expenditures Index rose 3.8% in April as the conflict in the Middle East pushed oil prices higher. That was in line with expectations […]
Snowflake raised annual product revenue forecast on Wednesday, as enterprises ramped up spending on AI applications and shifted more data workloads to its cloud platform, sending its shares surging 36% in extended trading. The company also signed a five-year deal worth $6 billion with Amazon Web Services to use AWS’ Graviton processors and AI infrastructure, […]
Salesforce Inc. gave a revenue outlook for the current period that fell just short of analysts’ estimates, unnerving investors already concerned about the possibility that artificial intelligence will disrupt the software business. Revenue will be about $11.3 billion in the fiscal second quarter, which ends in July, Salesforce said Wednesday in a statement. Analysts, on […]
A deal between the US and Iran that includes reopening the Strait of Hormuz has been making progress, but energy analysts warn that global energy markets will take time to normalize. Translation: Don’t expect quick relief at the gas pump even if a deal gets over the finish line. The warnings have been legion as […]
Household energy prices will rise by 13% a year in July, as soaring wholesale costs caused by the US-Israel war with Iran hit bills for the first time. Regulator Ofgem says the war means a household using a typical amount of gas and electricity will pay £221 more a year, with an annual bill of […]
