Apple beat Wall Street's quarterly profit estimates on Thursday, but iPhone sales and China revenue for the holiday quarter were weak due to stiff Chinese competition and a slow rollout of artificial intelligence features.
Indices traded most of the session in the green before the Trump statement, led by gains in Tesla and Meta post their quarterly results. The gains were offset by a 6% drop in shares of Microsoft.
Not every outlet popular with conservative readers is cheerleading for President Donald Trump. The Rupert Murdoch-owned Wall Street Journal has notably applied some brakes on its editorial pages during the new president's first week in office.
U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September
Wall Street is mainly focused on Apple's iPhone sales in China and any guidance related to its March quarter, which could include iPhone SE4 sales.
U.S. stocks ended lower but off their lows of the day on Wednesday as the Federal Reserve held interest rates steady as expected and Fed Chair Jerome Powell offered soothing comments on the economy.
WEPE presale raised $63.3 million, setting a new benchmark in meme coin funding. Despite market turbulence, interest in Pepe-themed coins remains strong.
Tesla is a controversial stock and there is no shortage of opinions about what will happen later today. Artificial intelligence, demand, and President Donald Trump’s electric-vehicle policies are three key issues facing the company,
Monday’s bloodbath in Nvidia and other AI stocks wiped out some $1 trillion from the stock market’s value.
The value of a Wall Street bonus at the time of the award often ends up being far different than what bankers collect several years on when it vests.
For years now, those who have worried about the equity market’s overvaluation have been voices in the wilderness. As the bull market continued to power the market ever higher, these worriers were dismissed as paranoid Chicken Littles worried that the sky is falling.