Author: Daniel snow
Less than two weeks after IPO, Circle Internet’s market capitalization surpasses nearly half of the S&P 500. Source link
Is the American consumer still all right? Several signals this week are flashing yellow, upping the ante as investors’ attention turns to the Federal Reserve meeting on Wednesday. First, on Tuesday, retail spending in May showed a 0.9% decrease versus April, which itself was revised lower to indicate a 0.1% monthly decline, down from the 0.1% increase reported previously. The primary contributor to the decline was a 3.5% monthly decrease in sales at motor vehicle and parts dealers. Recall, a 25% tariff on vehicles not assembled in the U.S. went into effect on April 3, which, according to S &…
Nucor’s stock surges after a bullish profit outlook, two weeks after higher steel tariffs took effect. Source link
This week, the Senate Finance Committee released details on its version of President Donald Trump’s “big, beautiful” budget bill.The committee’s text reveals some departures from the version of the legislation that passed the House last month, including differences in Medicaid rules, state and local tax deduction limits and clean energy tax credits.The differences could set up the two chambers to duke it out over the details as they approach a self-imposed July 4 deadline to get the legislation on Trump’s desk.If you’re wondering if your taxes are likely to go down next year, the answer is almost certainly, “yes.”That’s because…
Claims have moved higher since mid-May Source link
The EU and US flags flutter next to the military hub for Ukraine, in Jasionka, south-east Poland on March 6, 2025.Sergei Gapon | Afp | Getty ImagesThe U.S. and European Union are running out of time to strike a deal on trade tariffs — and analysts say several key sticking points could make an agreement impossible.Negotiations have been slow since both the U.S. and EU temporarily cut duties on each other until July 9. If a deal is not agreed by then, full reciprocal import tariffs of 50% on EU goods, and the bloc’s wide-spanning countermeasures are set to come…
Rising inventory levels and weak buyer demand have resulted in homes sitting on the market for longer. Source link
Wedbush Securities’ Dan Ives, who launched an artificial intelligence exchange-traded fund this month, sees software as the subcategory to watch within the space.According to Ives, it’s experiencing a “golden age.””Software is going to be driving … a lot of the use cases,” the firm’s global head of technology research told CNBC’s “ETF Edge” this week. “But it’s trying to understand: Who within software? Just because they say ‘AI’ on a conference call doesn’t make them an AI player.”Ives runs the Dan Ives Wedbush AI Revolution ETF, which trades under the ticker IVES. Ives’ goal is to focus on stocks that…
Need a favor? When you ask, give the other person permission to say no. Source link
It turns out that the Trump family’s mobile-phone venture isn’t a security nightmare or a revolutionary service. Here’s what it really is. Source link