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Affirm just posted one of its strongest quarters in years, yet its stock is sliding twice as fast as the broad market to start the week. The disconnect between the numbers and the price action points to something happening beneath the surface that every investor in the name needs to understand.
Investing.com -- PG&E Corp shares could face further pressure after Wells Fargo and BMO Capital Markets downgraded the utility following California lawmakers' failure to deliver meaningful reforms to the state's wildfire liability framework, leaving investors exposed to potentially open-ended costs from future fires.
The company has promoted Michael Francis to reverse the denim giant's slide.
In a turn of good fortune, tariff refunds are arriving for companies as they confront higher costs stemming from the war in Iran, WSJ Leadership Institute reporters Kristin Broughton and Jennifer Williams write. In a story published this morning, Kristin and Jennifer take a look at the retailers and consumer goods companies using their refunds to fund price cuts. Walmart CFO John David Rainey nodded to these pressures in an earnings call this month, discussing the retailer’s move to cut prices on 11,000 items, funded with its $2.9 billion refund.
Beauty, Walmart and Tractor Supply are funding price cuts with refund payments due to them after the Supreme Court earlier this year struck down President Trump’s global tariffs. The price cuts are aimed at boosting sales at a time when many consumers are looking for value, stretched thin from years of rising costs. Tariff refunds are also helping companies protect their profit margins amid a spike in inflation.
Oklo asked the Federal Energy Regulatory Commission to order the PJM Interconnection to reinstate its 750-MW, mixed-technology project. PJM reportedly told Oklo that it never showed the project could ride through a sudden drop in grid voltage.
Stocks were heading for a negative open to start the week after renewed U.S. strikes on Iran and hawkish signals from the Federal Reserve sent jitters through markets. The S&P 500 was down 0.2% and Nasdaq futures were broadly flat. As we head into the final day of the month, the S&P 500 is up almost 3% and the Nasdaq has risen around 4%.
Shares were mixed in Europe and Asia and U.S. futures declined Monday on expectations that the U.S. Federal Reserve may raise interest rates soon. Oil prices surged more than 3% after U.S. forces struck Iranian rocket launchers on the Strait of Hormuz, marking their first military action in a month. U.S. benchmark crude oil was trading 3.8% higher at $86.58 per barrel.
Japanese stocks declined after Fed Chair Kevin Warsh’s speech on Friday increased prospects for U.S. rate increases.
The fix already exists, but not every owner has it yet.
The suit represented an uncertainty for the company and shareholders.
Eisman warned that OpenAI’s failure could cause a major market correction and push the U.S. economy into recession.
The long-running dispute between OpenAI CEO Sam Altman and Elon Musk has simmered for years, rooted in Musk’s exit from the AI lab he co-founded and his subsequent legal and public challenges over its direction. That rivalry just moved from boardroom barbs to operational consequences. On Friday, OpenAI cut off model access for Cursor after […]
One bold Wall Street call resets Nvidia’s upside potential
One notable subtrend emerged at Monterey Car Week: At the very top of the market, manual transmission has become the height of fashion.
Prices have hardly budged where it counts for consumers, courtesy of Trump’s tariffs and the Iran war.
Investing.com -- Iran’s foreign trade has fallen nearly 35% under U.S. sanctions and a naval blockade, President Masoud Pezeshkian said, as Tehran’s leadership acknowledged mounting economic pressure six months into the war, Reuters reported exclusively.
Arch Aplin III, the CEO of Buc-ee’s travel centers and gas stations, has said that the company will seek expansion in “conservative” states following a trademark infringement lawsuit it filed against an Ohio convenience store. Arch Aplin III on Expanding...
Investing.com -- A White House teleprompter operator has settled a federal probe into wagers made using advance knowledge of President Donald Trump’s speeches, The Wall Street Journal reported Friday.
Associate Attorney General Stanley Woodward said federal pharmacy rules exist to protect the public and that profit cannot justify conduct that fuels the opioid epidemic.
A software fix may be limiting investor concern
Marvell Stock Crashes Below Key Support After 10% Selloff
U.S. stocks edged lower after Federal Reserve Chairman Kevin Warsh indicated that the central bank’s fight against inflation was not yet complete.
Klarna CEO Sebastian Siemiatkowski bought 692,506 company shares just over a week after its latest earnings report sent the stock tumbling.
Walmart Reaches Federal Opioid Settlement as Legal Overhang Fades
Marvell Technology stock fell below a key support level on Friday after the chipmaker's fiscal second-quarter earnings report.
(Updates with company comment in the fourth and fifth paragraphs.) Lucid Group (LCID) is recallin
The Federal Reserve has a problem that won’t be solved by simply waiting. Inflation remains well above the central bank’s 2% target, while several forces pushing prices higher are still in place. The Bureau of Economic Analysis reported July PCE inflation at 3.7%, with core PCE at 3.3%. Meanwhile, the Bureau of Labor Statistics said […]