3 reasons one research firm says it's time investors trim exposure to the Magnificent 7 stocks
The top tech stocks have soared comprising a larger proportion of the total value of the S&P 500, but some see risks building for the mega-cap cohort.
Australia Bank Stocks Lose $26 Billion on Profit Margin Concerns
(Bloomberg) -- A $26 billion rout in Australia bank stocks this week after two of the biggest lenders reported increasing margin pressure is fueling concern about the sector’s profitability.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $830 Million Bond Vote Amid ScrutinyNationa
Crypto worth $99 million withdrawn from Milei-backed Libra token, researchers say
(Reuters) -Around $99 million worth of cryptocurrency was withdrawn from the marketplace of a coin at the centre of a scandal in Argentina by eight digital wallets linked to the crypto token's creator, blockchain researchers said. Argentinian President Javier Milei recommended the little-known crypto coin $LIBRA late on Friday in a post on X, but later deleted the post and denied having any link to the cryptocurrency. A federal judge is investigating the token's launch and Milei's involvement in it, after the coin, promoted by Milei on Friday, soon shot up above $4.50 apiece then plummeted just hours later.
Why Analysts Are Bullish on Arista Networks Despite Stock's Drop Wednesday
Arista Networks shares dropped Wednesday amid some concerns about the company's sales to a key customer. However, several analysts said they're still bullish on the stock, anticipating a boost from demand for AI.
Another key argument for stocks to keep soaring under Trump has been turned on its head
Wall Street was eyeing a dealmaking boom in the Trump era, but an announcement from the administration this week's clouds those views.
Jefferson Says Fed Can Take Its Time With Labor Market Solid
(Bloomberg) -- Federal Reserve Vice Chair Philip Jefferson said a strong economy allows policymakers to take their time before considering any additional cuts to interest rates.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $830 Million Bond Vote Amid ScrutinyHe also said healthy
Activist Boom in Japan Is Upending Long-Short Stock Strategies
(Bloomberg) -- Takeover bids and activist intervention are shoring up shares of some Japanese companies seen as having weak fundamentals, making it harder for investors to succeed in short-selling strategies.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $830 Million Bond Vote Am
Stock market today: S&P 500 pops to another record while Dow, Nasdaq rise with tariffs, Fed minutes in focus
Investors are weighing Trump's latest tariff salvo and digesting Fed minutes for insight into future policy.
Fed's Jefferson says Fed can take time on next interest rate decision
Federal Reserve Vice Chairman Philip Jefferson said on Wednesday the U.S. central bank has time to weigh its next monetary policy move, citing a robust economy and still above target inflation. “The performance of the U.S. economy has been quite strong overall,” Jefferson said in the text of a speech to be delivered at a gathering at Vassar College. Jefferson said “bumpy” progress back to the target was likely following a percentage point’s worth of rate cuts last year.
Rogers (NYSE:ROG) Posts Q4 Sales In Line With Estimates But Stock Drops
Advanced materials manufacturer Rogers (NYSE:ROG) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 6.1% year on year to $192.2 million. On the other hand, next quarter’s revenue guidance of $187.5 million was less impressive, coming in 6.3% below analysts’ estimates. Its non-GAAP profit of $0.46 per share was 5.7% above analysts’ consensus estimates.