A silver lining amid the Trump-induced market chaos: Lower mortgage rates
As bond yields have edged down from January highs, the 30-year mortgage rate has steadily dipped, logging six straight weeks of declines.
Lula Gets Blindsided as Brazil Inflation Jumps the Most in Years
(Bloomberg) -- Brazil’s Luiz Inacio Lula da Silva has weathered financial crises, corruption scandals and even a coup attempt. But now it’s the soaring cost of food that’s posing the biggest hazard for his presidency.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsNYC Congestion Pricing Toll Gains Support Among City ResidentsElectric Construction Equipment Promises a Quiet RevolutionOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsInside the ‘Not Archite
Tech Rally Fails to Lift Apple Stock Amid Concerns About Tariffs, Delayed Siri AI Features
While other tech stocks rallied, Apple shares slid Wednesday, extending a string of recent losses amid concerns over delayed Siri features and the impact of tariffs.
Why Is Tesla (TSLA) Stock Rocketing Higher Today
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 8.8% in the morning session after President Trump said he would be buying a Tesla (vehicle), which could be interpreted as a show of support for CEO Elon Musk, who had played an active role in the administration's Department of Government Efficiency. Musk followed up by saying Tesla planned to double its production output in the United States within two years.
Why Concrete Pumping (BBCP) Stock Is Falling Today
Shares of concrete and waste management company Concrete Pumping (NASDAQ:BBCP) fell 17.4% in the morning session after the company reported weak fourth-quarter 2024 (fiscal Q1 2025) results: Its full-year EBITDA guidance missed significantly and its sales, adjusted EBITDA, and EPS fell short of Wall Street's estimates.
Why Palantir (PLTR) Stock Is Up Today
Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 7% in the pre-market session after the company revealed new commercial customers, including Walgreens Boots Alliance and Heineken. This signals that Palantir's commercial business is gaining traction beyond its traditional government contracts. Signing up major names like Walgreens Boots Alliance and Heineken highlights a shift that could help diversify its revenue streams.
Why Is Pursuit (PRSU) Stock Soaring Today
Shares of experiential tourism company Pursuit Attractions and Hospitality (NYSE:PRSU) jumped 6.5% in the pre-market session after the company reported strong fourth-quarter 2024 results, which blew past analysts' sales, earnings, and EBITDA expectations. In addition, its full-year EBITDA guidance outperformed Wall Street's estimates by a wide margin.
Why ABM (ABM) Stock Is Trading Lower Today
Shares of facility services provider ABM Industries (NYSE:ABM) fell 9.3% in the morning session after the company reported underwhelming fourth quarter 2024 results: Sales were roughly in line, but the company recorded a significant increase in cash burn.
Nvidia (NVDA) Stock Trades Up, Here Is Why
Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) jumped 6.9% in the morning session as markets experienced a boost after data from the Bureau of Labor Statistics revealed that inflation for the month of February 2025 came in better than expected. The CPI (Consumer Price Index - a gauge of the average price consumers pay for goods and services) rose 0.2% from the previous month (vs estimates for a 0.3% increase), while headline inflation rose 2.8% year on year (vs estimates for a
Why Sprinklr (CXM) Stock Is Trading Up Today
Shares of customer experience software provider Sprinklr (NYSE:CXM) jumped 19.1% in the afternoon session after the company reported decent fourth-quarter 2024 results: Sales beat by a modest margin while EPS beat more convincingly. The key highlight for the quarter was the 18% increase in high-value customers spending over $1 million annually, which continued to help the more modest subscription revenue growth (up 3% year-over-year).