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Winter of ‘disconnect’: Morgan Stanley’s Mike Wilson braces for extra than 20% stock drop
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Winter of ‘disconnect’: Morgan Stanley’s Mike Wilson braces for much more than 20% inventory drop
Finance
Stocks making the biggest moves midday: Hershey, Chemours, Fair Isaac, Sunrun & more
Check out the companies making the biggest moves midday: Hershey — The candy company slid more than 3% following news that Wendy’s CEO Kirk Tanner will take the helm at Hershey , effective Aug. 18. He will replace Michele Buck, who has been with the company for the past two decades and has spent eight […]
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Finance
‘Big Short’ Trader Steve Eisman breaks down one reason investors shouldn’t worry about deficits
Steve Eisman, the investor who called the subprime mortgage crisis, said fears of the massive size of the federal budget deficit may be overblown. President Donald Trump’s One Big Beautiful Bill Act signed last week added to investor concerns about the fiscal trajectory of the country and future government borrowing. The bill includes trillions of dollars in […]
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Finance
Robinhood CEO downplays OpenAI concerns on tokenized stock structure
Key Points In a CNBC interview Tuesday, Robinhood CEO Vlad Tenev defended the company’s OpenAI and SpaceX stock tokens, given concerns over how they’re structured. Last week, OpenAI issued a warning that Robinhood’s stock tokens do not represent equity in the company. “In and of itself, I don’t think it’s entirely relevant that it’s not […]
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