Why Trump tax deductions — for tips, car loans and more — may not carry large benefits for low earners
Key Points New tax deduction — on auto loans, tips and overtime pay, and for older Americans — wouldn’t deliver much of a financial benefit for lower earners, experts said. These policies are part of a massive legislative package championed by President Donald Trump. Source
2 of our banks just boosted their dividends. Here’s how their increases stack up versus our other names
Goldman Sachs and Wells Fargo shares hit record highs Wednesday after the Wall Street banks announced dividend hikes following Tuesday’s close. Both join the laundry list of Club holdings to hike their payouts to investors in 2025. After the financial firms passed the Federal Reserve’s annual stress test on Friday night, Goldman said Tuesday that […]
Stocks making the biggest moves midday: Tesla, Centene, Robinhood, Nike and more
Check out the companies making headlines in midday trading Robinhood — The brokerage stock climbed 7% as traders speculated that it could soon be added to the S & P 500. A spot in the index was opened by Hewlett Packard Enterprise’s acquisition of Juniper Networks, which officially closed on Wednesday. Tesla — Shares of […]
Stocks making the biggest moves premarket: Tesla, Centene, JPMorgan, Cava and more
Check out the companies making headlines before the bell. Tesla — Shares of the electric vehicle maker jumped about 5% after second-quarter vehicle deliveries came in better than feared. Tesla delievered 384,000 vehicles during the period, a 14% decline from a year ago, but analysts were estimating 387,000 deliveries, according to FactSet. This is its […]
Xpeng defies China’s EV price war with steady sales as Tesla and local rivals try to keep pace
Key Points Xpeng reported an eighth-straight month of more than 30,000 monthly vehicle deliveries amid a fierce price war in China. Xpeng’s U.S.-listed rivals, which target a more premium segment of China’s car market, saw more modest sales momentum. BYD remained the market giant, with its passenger car sales edging higher in June to 377,628 […]
U.S. lifts chip software curbs on China amid trade truce, Synopsys says
Synopsys logo is seen displayed on a smartphone with the flag of China in the background. Sopa Images | Lightrocket | Getty Images The U.S. government has rescinded its export restrictions on chip design software to China, U.S.-based Synopsys announced Thursday. “Synopsys is working to restore access to the recently restricted products in China,” it […]
Datadog stock jumps 10% on tech company’s inclusion in S&P 500 index
The Datadog stand is being displayed on day one of the AWS Summit Seoul 2024 at the COEX Convention and Exhibition Center in Seoul, South Korea, on May 16, 2024. Chris Jung | Nurphoto | Getty Images Datadog shares were up 10% in extended trading on Wednesday after S&P Global said the monitoring software provider […]
OpenAI says Robinhood’s tokens aren’t equity in the company
Jaque Silva | Nurphoto | Getty Images OpenAI is distancing itself from Robinhood‘s latest crypto push after the trading platform began offering tokenized shares of OpenAI and SpaceX to users in Europe. “These ‘OpenAI tokens’ are not OpenAI equity,” OpenAI wrote on X. “We did not partner with Robinhood, were not involved in this, and […]
Amazon to shut down Freevee streaming TV service in August
Amazon logo on a brick building exterior in San Francisco on Aug. 20, 2024. Smith Collection | Gado | Archive Photos | Getty Images Amazon is discontinuing its stand-alone free streaming TV service next month as it looks to consolidate its content offerings under Prime Video. The service, called Freevee, launched in 2019 underneath IMDb, […]
Ether and related stocks gain amid the latest crypto craze: Tokenization
A representation of cryptocurrency Ethereum is placed on a PC motherboard in this illustration taken on June 16, 2023. Dado Ruvic | Reuters Stocks tied to the price of ether, better known as ETH, were higher on Wednesday, reflecting renewed enthusiasm for the crypto asset amid a surge of interest in stablecoins and tokenization. BitMine […]
