The nation’s trade deficit fell 4% in June to $65.5 billion due to declining imports, perhaps a sign of weakening demand in the U.S. economy. The trade gap dropped $2.8 billion from $68.3 billion in May. Big picture: Big changes in the trade deficit often reflect disruptions in the U.S. …
Devamını oku »Palantir’s AI story will require patience, analysts say as stock moves lower
Palantir Technologies Inc. shares have surfed the wave of Wall Street enthusiasm for generative artificial intelligence this year, but analysts say investors will have to wait to see that opportunity fully manifest in the company’s financials. The software company essentially matched expectations with its latest earnings Monday afternoon, though Palantir’s …
Devamını oku »Beyond Meat stock skids as revenue slumps, Paramount Global shares rise, and other stocks on the move
Here are some of the biggest movers of the day: Stock gainers: Paramount Global shares PARA, +2.94% rose 4% as the media company’s adjusted earnings beat expectations and as it agreed to sell Simon & Schuster for $1.6 billion to KKR. Shares of Lucid Group Inc. LCID, -3.17% rose more …
Devamını oku »U.S. stock futures slip after weak China data damps sentiment
U.S. stock futures were lower as markets displayed a cautious tone following weak China trade data. How are stock-index futures trading S&P 500 futures ES00, -0.51% dipped 16 points, or 0.4%, to 4522 Dow Jones Industrial Average futures YM00, -0.47% fell 104 points, or 0.3%, to 35450 Nasdaq 100 futures …
Devamını oku »Bitcoin halving events helped crypto rally before, but maybe not this time
Crypto investors hoping that bitcoin’s coming halving event could trigger a rally of the coin’s price may be disappointed, according to Kaiko Research. Bitcoin has been stuck under $30,000 for the past few weeks, but a past catalysts for its rally might not work this time, Kaiko Research said on …
Devamını oku »Opinion: Venture capital is suffering even as the U.S. stock market is surging
A few years ago, the startup market was setting one record after another, fueled by low interest rates, U.S. government stimulus spending to counter the COVID-19 lockdown and AI enthusiasm. AI fever has gotten worse due to the smoke-and-mirrors of ChatGPT and other large-language models, but now interest rates are …
Devamını oku »Billionaire Charlie Ergen reportedly set to merge Dish, EchoStar
Billionaire Charlie Ergen may combine his two telecom companies, pay-TV provider Dish Network Corp. and satellite-communications company EchoStar Corp., the Wall Street Journal reported Monday night. According to the Journal, a deal could be announced as soon as Tuesday. Dish DISH, +0.66% has a valuation of about $4 billion, while …
Devamını oku »Parents pay 57% of college tuition when their kids don’t take out student loans
Student loans are a trillion-dollar problem facing some 44 million federal student loan borrowers in the U.S., but this money accounts for only a small portion of the total cost of college. A much bigger portion comes directly out of the pockets of parents, according to the latest “How America …
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