Wall Street closed higher for a fifth consecutive session on Wednesday, with the Dow Jones Industrial Average gaining approximately 300 points to reach a fresh record high as investors welcomed weaker-than-expected inflation signals. The S&P 500 also hit an intraday record of 6,937 despite mixed breadth, though technology stocks like Nvidia pulled back sharply as […]
Read More
Markets tiptoed into Christmas with records on thin ice. US equities notched fresh highs in a shortened session, Japan saw a landmark private-equity exit under activist pressure, oil rebounded on growth optimism shadowed by geopolitics, and crypto remained stuck in holiday limbo. Precious metals quietly stole the spotlight as uncertainty lingered. Here’s what moved, and […]
Read More
Tesla’s profit mix is shifting toward its energy business, a trend one Seeking Alpha analysis argues supports a prudent buy-on-pullbacks stance at about a $1.63 trillion valuation. At the same time, Rivian shares have rebounded sharply to $21.38, but now confront three stacked resistance levels that may define the next move. According to Seeking Alpha […]
Read More
Apple CEO Tim Cook sent a powerful signal Wednesday when he spent nearly $3 million to nearly double his stake in Nike stock (NYSE: NKE), just one day after the athletic-wear company reported a devastatingly weak earnings report. The purchase, 50,000 shares at $58.97 each, marked Cook’s first-ever open market stock buy in his 20 […]
Read More
Nvidia dropped $20 billion to acquire Groq, an artificial intelligence startup that’s been eating into Nvidia’s dominance in a crucial part of the AI market, a CNBC report said on Wednesday. It’s the chipmaker’s biggest deal ever, and it sends a clear message: Nvidia wants to control not just how AI models get trained, but […]
Read More
MEXICO CITY (Reuters) – The Mexican peso depreciated in international trade after U.S President Donald Trump announced he would impose tariffs on Colombia, reviving concerns about his trade policy. The currency, one of the most liquid currencies globally, was trading at 20.4630 units per dollar, down 1% compared to the London Stock Exchange Group (LON:LSEG) […]
Read More
Turning Point USA’s AmericaFest is very much like a circus, and I mean that in the best possible way. A circus can travel anywhere, put up its tents and put on a show. The scale of last weekend’s event in Phoenix was nothing short of monumental, with 31,000 in attendance. That isn’t so far off […]
Read More
As President Donald Trump rolls out his TrumpRx proposal to cut prescription drug prices, economists are raising questions about what happens when prices are capped and whether short-term savings for consumers come at the expense of future medical breakthroughs. On Friday, Trump announced deals with nine pharmaceutical companies to lower prices on certain medications for […]
Read More
President Donald Trump’s newly appointed envoy to Greenland said Tuesday the administration wants to open a dialogue with residents of the territory, stressing the U.S. is not seeking to ‘conquer’ the island. During an appearance on Fox News’ ‘The Will Cain Show,’ Louisiana Gov. Jeff Landry, who was tapped as special envoy to Greenland by […]
Read More
The recently launched ‘GenAI’ tool for U.S. service members and Department of War workers is a ‘critical first step’ in the future of warfare, according to a military expert. This month, the Pentagon announced the launch of GenAI.mil, a military-focused AI platform powered by Google Gemini. Secretary of War Pete Hegseth said the platform is […]
Read More