Finance
Unraveling the legal, economic and market ramifications if Trump tries to fire Fed Chair Powell
Key Points If President Donald Trump tries to fire Federal Reserve Chair Jerome Powell, it would set off a courtroom battle that would likely head to the Supreme Court. Most people familiar with the situation say Powell would sue if Trump tries dumping him. Despite seemingly low chances of success, going after Powell still could […]
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Block shares soar 10% on entry into S&P 500
Key Points Block is joining the S&P 500, replacing Hess as of July 23. Hess is exiting the index upon its acquisition by Chevron. Source
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Stocks making the biggest moves midday: Talen Energy, Invesco, Netflix, Coinbase and more
Here are some of the names making big moves in midday trading. Talen Energy – Shares popped more than 23%. Talen said that it has signed agreements to acquire Moxie Freedom Energy Center in Pennsylvania and the Guernsey Power Station in Ohio – a pair of combined-cycle gas-fired plants. The deal comes out to $3.5 […]
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Stocks making the biggest moves premarket: Netflix, American Express, Chevron, Sarepta Therapeutics and more
Check out the companies making headlines before the bell: Netflix — Shares fell 2% after Netflix warned that operating margin in the second half of 2025 will be lower than the first half because of higher content amortization, as well as sales and marketing costs, because of a larger slate of content. Otherwise, the streaming […]
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Stocks making the biggest moves midday: Lucid Group, Elevance Health, Albemarle, PepsiCo & more
Check out the companies making the biggest moves midday: Steven Madden — The fashion footwear company jumped more than 5% after Citi upgraded the stock to buy from neutral. The Wall Street firm said the market is underappreciating the acquisition of UK-based Kurt Geiger, while a favorable shift towards dress shoes and away from sneakers […]
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Crypto theft is booming as criminals increasingly turn to physical attacks
Key Points So far this year, $2.17 billion has been stolen from crypto services — already eclipsing 2024’s amount, according to a report from Chainalysis. The total amount of crypto stolen from both platforms and individuals is nearing $3 billion amid a spike in attacks on individual crypto wallets. It comes as there have been […]
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Stocks making the biggest premarket moves: PepsiCo, Starbucks, General Electric, Cars.com and more
Check out the companies making the biggest moves in premarket trading: PepsiCo — The snack and beverage company rose 3% following its second-quarter beat on both the top and bottom lines. Adjusted earnings came in at $2.12 per share on revenues of $22.73 billion, versus the $2.30 per share on revenue of $22.28 billion, according […]
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Stocks making the biggest moves after hours: United Airlines, Sarepta Therapeutics and more
Check out the companies making headlines after the bell : United Airlines — Shares fell nearly 2% after the airline carrier posted a second-quarter revenue of $15.24 billion, missing analysts’ expectations of $15.35 billion, according to LSEG. Earnings, however, came in at $3.87 per share, exceeding the $3.81 consensus. Sarepta Therapeutics — The biopharma stock […]
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Stocks making the biggest moves midday: Morgan Stanley, ASML, Johnson & Johnson, SolarEdge and more
Check out the companies making headlines in midday trading. Morgan Stanley — Shares fell 3.6% despite the financial institution beating second-quarter estimates. Morgan Stanley earned $2.13 per share and saw $16.79 billion in revenue, while analysts anticipated earnings of $1.96 a share and $16.07 billion in revenue, per LSEG. SolarEdge Technologies – Shares plummeted more […]
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