Intel Rallies On Reported Apple Chip Deal
A Potential Boost For Intel Foundry Intel shares surged after a report said the company has reached a preliminary deal to manufacture some chips for Apple devices. The agreement, if finalized, would
McDonald’s Beats As Value Demand Rises
Results Top Wall Street Forecasts McDonald’s reported stronger than expected first quarter earnings as consumers continued to seek value in a more difficult economic environment. The fast food giant posted adjusted earnings
Alphabet Rises On Cloud And AI Strength
Results Beat Wall Street Expectations Alphabet shares rose more than 3% after the Google parent reported first quarter results that beat analyst expectations on both revenue and earnings. The performance was supported
Eli Lilly Stock Falls 8% on Lower-than-Expected Zepbound Sales Forecast
Eli Lilly Stock Falls 8% on Lower-than-Expected Zepbound Sales Forecast Eli Lilly’s shares dropped 8% on Tuesday after the pharmaceutical giant forecast fourth-quarter sales for its weight-loss drug Zepbound below Wall Street
Johnson & Johnson Acquires Intra-Cellular Therapies for $14.6 Billion
Johnson & Johnson Acquires Intra-Cellular Therapies for $14.6 Billion Johnson & Johnson (J&J) announced on Monday its $14.6 billion acquisition of neurological drugmaker Intra-Cellular Therapies, marking its largest deal in over two
Blue Origin Scrubs First New Glenn Rocket Launch Due to Technical Issues
Blue Origin Scrubs First New Glenn Rocket Launch Due to Technical Issues Blue Origin canceled the much-anticipated debut launch of its massive New Glenn rocket early Monday due to technical problems. The
Walgreens Reports Earnings Beat Amid Store Closures and Cost Cuts
Walgreens Reports Earnings Beat Amid Store Closures and Cost Cuts Walgreens reported fiscal first-quarter results on Friday that surpassed Wall Street expectations, as the company undertakes cost-cutting measures, including the closure of
Key Events Ahead: Markets Honor Late President Carter, Fed Insights, and Jobs Report
Markets Closed Thursday for National Day of Mourning Stock markets (^DJI, ^IXIC, ^GSPC) will be closed on Thursday in observance of the national day of mourning for the late President Jimmy Carter.
The Yield on 30-Year US Treasuries Climbs to Highest Level in Over a Year
The yield on 30-year US Treasuries surged to the highest level in more than a year on Monday, offering a preview of how financial markets might react under President-elect Donald Trump’s leadership
Tesla Reports First Annual Drop in Deliveries Amid Competition and Challenges
Tesla released its fourth-quarter and annual vehicle production and delivery figures for 2024 on Thursday, revealing the company’s first year-over-year decline in deliveries. While Tesla remains a dominant force in the electric
Rising Treasury Yields Challenge U.S. Stock Rally Amid Fed’s Hawkish Shift
The U.S. stock market rally hit a major roadblock on Wednesday as the Federal Reserve signaled fewer rate cuts for 2025 than previously expected, raising Treasury yields and stoking concerns about elevated
Bank of England Rate Cut Expectations Wane Amid Sticky Inflation
Investor confidence in significant rate cuts from the Bank of England (BOE) next year has diminished, with sticky inflation and robust wage growth fueling doubts about aggressive monetary easing. Money markets now
Tesla Hits All-Time High, Driven by Post-Election Rally and Wall Street Optimism
Tesla’s shares soared to a new all-time high on Wednesday, closing at $424.77, surpassing the previous record of $409.97 set on November 4, 2021. The surge was fueled by a post-election rally