Month: May 2025
Insiders at UnitedHealth are scooping up tarnished shares
Key Points UnitedHealth Group saw some of its insiders step in and purchase declining shares this week. Kristen Gil, a director at the firm, bought 3,700 shares worth roughly $1 million on Thursday. Shares of UnitedHealth plunged nearly 11% to $274.35 on Thursday following a report in The Wall Street Journal that the Department of Justice […]
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Federal Reserve will reduce staff by 10% in coming years, Powell memo says
U.S. Federal Reserve Chair Jerome Powell departs after holding a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., U.S., May 7, 2025. Kevin Lamarque | Reuters The Federal Reserve will look to reduce its headcount by 10% over the next couple of years, including […]
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Leon Cooperman is still heavily invested in energy stocks and has a new MLP pick
Leon Cooperman, Omega Family Office chair and CEO, remained heavily invested in energy stocks at the end of the first quarter, while adding a new master limited partnership. The billionaire investor took a small stake worth $16.5 million in Sunoco LP last quarter, according to a new regulatory filing. The fuel distributor is up about 9% […]
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Tech IPO market is finally showing signs of life
Yoni Assia, co-founder and chief executive officer of EToro Group Ltd., center, and Ronen Assia, co-founder of EToro Group Ltd., center left, ring the opening bell during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, May 15, 2025. Yuki Iwamura | Bloomberg | Getty Images The IPO market […]
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Apple Pay services resolved after outage, company says
Nurphoto | Nurphoto | Getty Images Apple users experienced problems with a range of the company’s payment features on Friday. Wallet and Apple Pay were the last payment issues to be resolved, according to the company’s support site. Earlier in the day, nearly 3,000 users reported issues with Apple Pay, according to Downdetector, a website […]
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Wait and see: Ned Davis won’t go all in on stocks until the impact of tariffs is seen
Many investors are breathing a sigh of relief that stocks seem to be making a comeback. Ned Davis Research says: not so fast. President Donald Trump’s trade policies wreaked havoc on markets to start the year, dragging down the S & P 500 18.9% between its all-time high in February and its closing low in […]
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Trump slams Supreme Court, Springsteen and Swift
U.S. President Donald J. Trump speaks to media on Air Force One as he departs the Al Bateen Executive Airport on May 15, 2025, in Abu Dhabi, United Arab Emirates. Win Mcnamee | Getty Images News | Getty Images President Donald Trump took aim at the Supreme Court, fellow Republicans and several celebrities Friday in […]
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Stocks making the biggest moves midday: Applied Materials, Novo Nordisk, Cava, Vistra and more
Check out the companies making headlines in midday trading. Applied Materials — Shares of the semiconductor manufacturer dropped 6% after Applied Materials posted disappointing fiscal second-quarter revenue. The company’s revenue of $7.10 billion was below the LSEG consensus of $7.13 billion. Semiconductor revenue of $5.26 billion also disappointed the $5.31 billion analysts were looking for. […]
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CoreWeave pops 60% this week on AI growth momentum, big Nvidia stake
CoreWeave CEO Mike Intrator testifies before the Senate Committee on Commerce, Science, and Transportation in Washington on May 8, 2025. Intrator and fellow tech leaders testified about the global artificial intelligence race and how the United States can remain competitive. Chip Somodevilla | Getty Images CoreWeave investors are having a big week. Shares of the […]
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Anthropic closes $2.5 billion credit facility as Wall Street continues plunging money into AI boom
Dario Amodei, Anthropic’s CEO, speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 21, 2025. Gerry Miller | CNBC Earlier this week, Anthropic received a $2.5 billion, five-year revolving credit line to amp up its liquidity in an ever-expanding — and expensive — competition in the artificial intelligence industry. Anthropic, founded […]
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