Shares of Trump Media surged by approximately 15% on Monday, following former President Donald Trump’s rally in Butler, Pennsylvania, with Tesla CEO Elon Musk. This rally, marking Trump’s return to the site of his July 13 assassination attempt, saw Musk publicly support Trump’s presidential bid. Musk not only expressed his backing but referred to himself… Continue reading Trump Media stock soars 15% in heavy trading after ex-president’s rally in Butler with Musk

The 10-year Treasury yield, a critical benchmark for mortgages and car loans, surged above 4% on Monday following stronger-than-expected labor market data. This rise in yields reflects a significant rebound from the 2024 low of 3.58% recorded just over a month ago. As of Monday, the 10-year yield increased by more than 5 basis points,… Continue reading 10-year Treasury yield rebounds back above 4%

Liberty Media-owned Formula One and luxury conglomerate LVMH have entered into a 10-year partnership that will commence at the start of the next F1 season, according to a joint press release. This collaboration will encompass various elements, including hospitality, unique activations, limited-edition offerings, and exclusive content. The partnership builds on previous successful collaborations, such as… Continue reading LVMH and Formula One announce 10-year partnership

Stellantis, the trans-Atlantic automaker, continues to face a decline in U.S. vehicle sales, despite efforts by CEO Carlos Tavares to correct past mistakes. In the third quarter of 2024, Stellantis reported a 19.8% drop in U.S. sales compared to the same period in 2023, selling 305,294 vehicles. This represents an 11.5% decrease from the prior… Continue reading Stellantis U.S. auto sales extend free fall in third quarter

Nike is set to report its fiscal first-quarter earnings for 2025 on Tuesday, with analysts expecting underwhelming results. The forecast includes earnings per share of 52 cents and revenue of $11.65 billion, reflecting a projected 10% drop in sales and a near 45% decline in profits compared to the previous year. These figures come as… Continue reading Nike reports earnings after the bell. Here’s what Wall Street expects

On October 1, 2024, Iran launched a ballistic missile attack on Israel in retaliation for the deaths of key figures: Hezbollah leader Hassan Nasrallah and Iranian Revolutionary Guard commander Abbas Nilforoushan, who were killed in an Israeli airstrike in Lebanon. This escalation followed Israel’s intensified ground operations in southern Lebanon against Hezbollah, a militant group… Continue reading Iran launches missile attack on Israel for killing of Hezbollah leader, general

A new report from Bain & Co. warns that surging demand for AI-focused semiconductors and AI-enabled devices could potentially trigger the next global chip shortage. This follows the previous semiconductor shortage during the COVID-19 pandemic, which was driven by supply chain disruptions and an increase in consumer electronics demand as people worked from home. The… Continue reading Surging AI demand could cause the world’s next chip shortage, research says

Meta has introduced the Quest 3S, its latest virtual reality (VR) headset, which is positioned as a more affordable alternative to previous models. Priced at $299 and available from October 15, the Quest 3S is a step down from its predecessor, the Quest 3, which starts at $499. Meta’s strategy is to position the headset… Continue reading Meta unveils cheaper $299 Quest 3S VR headset

Minneapolis Federal Reserve President Neel Kashkari commented on the pace of interest rate cuts following the Federal Open Market Committee’s (FOMC) recent half percentage point reduction. He indicated that the central bank is likely to slow down the pace of future cuts, moving toward more traditional quarter-point reductions unless significant changes in economic data occur.… Continue reading Minneapolis Fed President Kashkari sees a slower pace of rate cuts ahead

General Motors (GM) has faced significant challenges in its pursuit to catch up to Tesla in electric vehicle (EV) sales. Despite CEO Mary Barra’s ambitious goal in 2021 to overtake Tesla by 2025, GM has encountered numerous obstacles, including slower-than-expected EV adoption across the industry and GM-specific production, software, and supply chain difficulties. As a… Continue reading GM’s EV sales momentum is finally building as new vehicle lineup fills out

The CNBC Fed Survey highlights the uncertainty surrounding the Federal Reserve’s upcoming meeting, with a divided outlook on the extent of the rate cut. While 84% of respondents—comprising economists, fund managers, and strategists—expect the Fed to cut interest rates by a quarter-point, only 16% foresee a half-point cut. This is in contrast to futures markets,… Continue reading Fed to cut rates by a quarter point with a soft landing expected, according to CNBC Fed Survey

On Tuesday, the S&P 500 reached an all-time high, trading 0.6% higher and hitting a new record of 5,670.81. The Nasdaq Composite gained 1%, while the Dow Jones Industrial Average rose by 0.4%, marking new heights for all three indices. This surge comes as the market anticipates the Federal Reserve’s decision on an interest rate… Continue reading S&P 500 jumps to record ahead of key Fed decision on interest rates: Live updates