Market

Hedge fund billionaire Ken Griffin warns that Trump's tariff policies are a "huge mistake" and an "impediment" to economic growth. He says the uncertainty and chaos created by the tariffs makes it difficult for multinationals to plan for the future. Griffin's comments are notable because of his standing on Wall Street and within GOP circles as a big donor to Republican political campaigns.

Published on: February 11, 2025, 10:02 PM UTC

US stocks closed mixed on Tuesday due to trade and inflation concerns. Investors weighed President Trump's tariff announcements and awaited key inflation data. The Dow rose 0.3%, while the Nasdaq fell 0.4%. Traders also assessed Federal Reserve Chair Jerome Powell's testimony, where he emphasized Fed independence and the potential impact of tariffs on housing prices.

Published on: February 11, 2025, 10:02 PM UTC

January's CPI report is expected to show a slight deceleration in headline inflation, but core prices are still expected to remain elevated. The report will be closely watched by investors as they debate when the Federal Reserve will cut interest rates.

Published on: February 11, 2025, 10:01 PM UTC

Confluent (CFLT) beats revenue estimates for Q4, with strong growth in Confluent Cloud revenue, driving a 11.3% jump in stock price. Despite a conservative revenue outlook for the next quarter, analysts remain optimistic about the company's long-term growth prospects in the data infrastructure software market.

Published on: February 11, 2025, 10:00 PM UTC

The Magnificent Seven trade has underwhelmed this year, with only Meta and Amazon posting gains. Veteran markets expert Adam Parker believes it's time to reduce exposure to these stocks due to concerns about capital spending, valuation, and over-ownership.

Published on: February 11, 2025, 09:01 PM UTC

Treasury yields rose, while stocks fluctuated as Federal Reserve Chair Jerome Powell reiterated the central bank is in no rush to cut rates. The S&P 500 and Nasdaq 100 moved within a narrow range, while the Dow Jones Industrial Average gained slightly. Inflation remains above the Fed's target, and investors expect the CPI report on Wednesday to show a 0.3% increase in core CPI for January. The Fed is expected to hold rates steady at its March meeting, but traders are pushing out prospects of another rate cut to the middle of the year.

Published on: February 11, 2025, 09:01 PM UTC

Elon Musk's Twitter bid, supply chain challenges, and China competition weigh on Tesla stock, leading to a 5.2% drop. Experts analyze the impact of BYD's DiPilot system and speculate on Tesla's long-term prospects.

Published on: February 11, 2025, 08:05 PM UTC

Treasury yields rise and stocks fluctuate as the Fed reiterates its cautious approach to rate cuts. Investors await key inflation data and corporate earnings updates.

Published on: February 11, 2025, 08:04 PM UTC

Fed Chair Powell reiterates cautious stance on interest rates, noting strong economy and stubborn inflation. Powell faces questions on monetary policy and Trump administration's economic policies. Fed policymakers plan to move slowly and assess inflation and impact of Trump's policies before adjusting rates.

Published on: February 11, 2025, 08:03 PM UTC

Tesla stock tumbles 28% since December record high; analysts see further downside as demand and competition concerns mount.

Published on: February 11, 2025, 08:03 PM UTC