We’re making several more trims, targeting tech and an economically sensitive automaker due to our concerns about an aggressively hawkish Fed.
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We’re trimming tech stocks and an automaker because it never pays to fight the Fed
Technology
Tesla shares sink 4% as Musk continues to bash Trump’s spending bill
Tesla CEO Elon Musk listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images Shares of Tesla slid about 4% Thursday as CEO Elon Musk continued his relentless pressure on Congress to “KILL” President Donald Trump’s […]
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Technology
MongoDB jumps 15% after company boosts guidance, cites confidence in cloud-based database service
Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC MongoDB shares surged 15% after the software company surpassed fiscal first-quarter earnings expectations and raised its outlook, citing growing confidence in its cloud-based database service. Revenues hit $549 million during the period, jumping 22% from more than $450 million in the year-ago period. That topped a […]
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Technology
Nintendo Switch 2 hype leads to shortages, special store opening hours
People wait outside the Nintendo Store for the release of the Nintendo Switch 2 in New York City, U.S., June 4, 2025. Kylie Cooper | Reuters Nintendo‘s flagship Switch 2, the successor to one of its most popular consoles, went on sale on Thursday with excitement and hype from fans leading to special store opening […]
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