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Palantir (PLTR) stock fell 10% on Wednesday after a Washington Post report said the Trump administration has told the Pentagon to plan for large budget cuts over the next five years.
Published on: February 20, 2025, 12:02 PM UTC
Atlanta Fed President Raphael Bostic says interest rate cuts are still possible in 2023, while acknowledging inflation concerns and the impact of Trump administration policies on the economy.
Published on: February 20, 2025, 12:02 PM UTC
Pharmaceutical companies and PBMs clash in Washington as the Trump administration weighs in on the industry's biggest lobbying priorities.
Published on: February 20, 2025, 12:01 PM UTC
U.S. stock futures slip as investors digest Fed minutes and await earnings results.
Published on: February 20, 2025, 12:01 PM UTC
The Takeaway from today's Morning Brief: Investors are riding the momentum of the Trump bump and continued growth of corporate earnings, but anxiety is brewing over inflation, trade war threats, and falling consumer sentiment.
Published on: February 20, 2025, 12:01 PM UTC
Alibaba Group Holding Ltd. (BABA) reported fiscal third-quarter profit of $6.71 billion, or $2.79 per share. Adjusted earnings were $2.93 per share. Revenue was $38.38 billion.
Published on: February 20, 2025, 11:05 AM UTC
One month into President Donald Trump's second term, the euphoria around many of the trades investors piled into after his November victory is fading, from stocks to the dollar to Bitcoin.
Published on: February 20, 2025, 11:04 AM UTC
European banks' rally extends as share buybacks fuel momentum, with Societe Generale and Banco de Sabadell leading gains. Consolidation, resilient economy, and falling interest rates support bullish trend.
Published on: February 20, 2025, 11:04 AM UTC
Intel Stock Plunges 6% Amid Breakup Concerns; Analysts Skeptical of TSMC and Broadcom Deals
Published on: February 20, 2025, 11:03 AM UTC
Short sellers have lost $73 billion in US and Canadian markets in 2025 due to a surge in stock prices. Super Micro Computer (SMCI) is the top performer in the S&P 500, up 110% this year and triggering a short squeeze. Short squeezes occur when investors betting against a stock are forced to buy it to cover their positions, driving up prices. Hims & Hers Health (HIMS), Oklo (OKLO), and BigBear.ai (BBAI) are other stocks that have seen significant gains due to short squeezes.
Published on: February 20, 2025, 11:03 AM UTC