Guiding this week's selloff and what could induce it to switch into a entire-blown correction
Finance
Goodbye quarterly earnings? Here’s when traders believe this big change will happen
Key Points Traders on prediction markets platform Kalshi give 73% odds that the Securities and Exchange Commission will end its requirement for quarterly financial reports by April 2027. They give lower odds that it will happen by January. Recent rules from the commission typically take at least a year to get finalized. Source
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Finance
Uber and Disney are seeing the same remarkable dynamic in this economy. Both stocks are surging
Key Points Uber and Disney pointed to a remarkably resilient spending backdrop, with consumers continuing to shell out for rides, food delivery, vacations and theme park trips. “The consumers are spending, they’re spending locally, and we don’t see any signs of that weakening at this point,” CEO Dara Khosrowshahi said. Source
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Finance
Stocks making the biggest moves premarket: AMD, Disney, Uber, Corning, Super Micro Computer & more
Check out the companies making the biggest moves premarket: Advanced Micro Devices — Shares surged 18% after the chipmaker issued strong guidance. AMD is calling for second-quarter revenue of $11.2 billion, plus or minus $300 million, versus the analyst estimate for $10.52 billion. First-quarter results also surpassed expectations on the top and bottom lines. Super […]
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