‘Big Short’ investor Steve Eisman on tariff turmoil: Don’t be a hero
Finance
Why an analyst downgrade of Wells Fargo does not change our conviction in the stock
Wells Fargo shares have more in the tank despite a downgrade from Wall Street analysts, according to Jim Cramer. The news Morgan Stanley analysts on Monday lowered their Wells Fargo rating to an equal weight hold from an overweight buy. They cited a lack of catalysts for the stock now that Wells Fargo’s $1.95 trillion […]
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Finance
Odds of a government shutdown rise to 70% in prediction markets
Key Points Prediction markets are pricing in about a 70% chance that the federal government will shut down on Wednesday. Users on Kalshi and Polymarket increased their bets after the Labor Department said it won’t release Friday’s key jobs report, watched closely on Wall Street, in the event of a shutdown. Source
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Finance
Stocks making the biggest moves midday: CSX, Electronic Arts, Pony AI, Merus & more
Check out the companies making the biggest moves midday: CSX — the railroad operator rose more than 3% after it named Steve Angel chief executive , replacing Joe Hinrichs. The management shake-up follows pressure by activist investor Ancora Holdings, which criticized declining efficiency at CSX and pushed for the company to consider mergers and acquisitions […]
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