Author: Daniel snow
U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | ReutersDonald Trump and Elon Musk seemed inseparable not so long ago: attending events together, doing joint interviews and showering praises on each other. All that changed overnight.Trump and Musk traded barbs in a rather public feud, with the U.S. president threatening to pull back billions of dollars in government contracts for Musk’s companies, while the Tesla CEO suggested Trump could not have won the election without him.The hostilities began when Trump…
Truist analysts say they believe Dollar Tree and other retailers have done a better job staying flexible on where they get products. Source link
Omada Health virtual health program.Courtesy: Omada HealthOmada Health priced its IPO at $19 per share on Thursday, in the middle of the expected range.The virtual chronic care company said in a press release that 7.9 million shares are being sold in the offering, amounting to $150 million.Omada, founded in 2012, will trade on the Nasdaq under the ticker symbol “OMDA.” The company filed its initial prospectus in May and updated the document with an expected pricing range of $18 to $20 per share. At the IPO price, Omada is worth about $1.1 billion, though that number could be higher on a fully diluted…
BOJ should continue to tighten policy, US Treasury says Source link
Broadcom on Thursday night reported strong quarterly results and offered upbeat comments on the expected growth of its key artificial intelligence business. While profit-takers are pushing the stock down in extended trading, there is little cause for concern. Revenue in Broadcom’s fiscal 2025 second quarter increased 20% year over year to $15 billion, slightly ahead of the consensus forecast of $14.99 billion, according to estimates compiled by LSEG. Adjusted earnings per share increased 44% from the year-ago period to $1.58, also outpacing expectations of $1.56, LSEG data showed. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) grew 35% year…
CNBC’s Jim Cramer suggested it’s helpful to consider stocks sitting at new 52-week highs to better understand market trends and themes. He picked out several companies that have recently made the “new high” list which he thinks are indicative of the mood on Wall Street.”You can learn a lot about a market from looking at the stocks that make it to the 52-week high list,” he said. “It’s a rarefied group by nature, and it speaks loudly about what works and, of course, what doesn’t.”Cramer was not surprised there aren’t many major tech names that have reached new highs recently.…
Idrees Abbas | Lightrocket | Getty ImagesIt’s been a bad week for DOGE. And a really bad week for dogecoin.The meme coin, which gained popularity in part because Elon Musk once dubbed it “the people’s crypto,” fell about 10% on Thursday and is down 22% over the past week. That drop corresponds with Musk’s official departure from the Trump administration and the Department of Government Efficiency (DOGE), which was the centerpiece of his effort to radically downsize the federal government.Musk and Trump had been sparring in recent days, with Musk slamming the president’s spending bill, and Trump withdrawing the nomination…
Factbox-US finds no currency manipulators, adds Ireland, Switzerland to monitoring Source link
“Magnificent Seven” stocks have been storming back from this year’s lows but some have significant room to climb before achieving new records. Source link
Options traders piled into bearish bets on Tesla Inc. stock on Thursday at the fastest pace on record as a feud between President Trump and Tesla CEO Elon Musk escalated, causing the electric-vehicle maker to tally its biggest drop in market capitalization on record. Source link