Latest
🇺🇸31d ago
Owens Corning Shows Favorable Technical Setup for Potential Breakout
Technical analysis indicates Owens Corning, a building materials company, displays a favorable chart setup with the potential for a breakout, offering patient investors an attractive risk-reward profile without the volatility typical of technology stocks. The stock presents an opportunity for those seeking steady exposure to the construction and materials sector.
🇺🇸31d ago
ConocoPhillips CEO Ryan Lance to Retire; CFO O'Brien Named Successor
ConocoPhillips announced that CEO Ryan Lance will retire after 14 years leading the oil and gas producer, with Chief Financial Officer Andy O'Brien set to assume the role on September 1. The transition comes as the company reported better-than-expected quarterly profit, marking its strongest earnings performance since 2022.
🇺🇸31d ago
CFRA Raises S&P 500 Year-End Target to 8,050
CFRA has increased its bullish stance on the S&P 500, lifting its year-end price target to 8,050 based on fundamental, technical, and historical factors. The revision signals the research firm's growing confidence in continued equity market strength through the end of the year.
🇺🇸31d ago
United Wholesale Mortgage Stock Plunges 40% on Dividend Suspension
United Wholesale Mortgage suspended its dividend and announced a capital raise, triggering a 40% stock decline as the company signaled strategic repositioning. CEO Mat Ishbia stated the moves are designed to strengthen liquidity and competitive positioning in the mortgage market.
🇺🇸31d ago
Gas Prices May Stay High This Fall Despite Stable Crude
Refining capacity constraints stemming from geopolitical tensions in Ukraine and Iran are keeping gasoline prices elevated even as crude oil prices decline. The tight refining market suggests that pump prices may remain resilient regardless of crude stabilization.
🇺🇸31d ago
Stocks Making Biggest Midday Moves: UMW, Honeywell, Macom, Peloton
Several U.S. stocks experienced significant price movements during midday trading, including UMW Holdings, Honeywell Aerospace, Macom, and Peloton, according to market reports. The broad-based trading activity highlights continued volatility across multiple sectors in the equities market.
🇺🇸31d ago
House Republicans Challenge South Korea's 'Fake News' Law
Republican members of the House Judiciary Committee have formally raised concerns with South Korean regulators over a new law they argue could enable censorship. The letter signals potential friction between US lawmakers and Seoul over media regulation standards.
🇺🇸31d ago
Tech hedge funds post worst month on record with 10.2% July loss
Tech-focused hedge funds experienced their worst month on record in July, declining 10.2% in value according to JPMorgan data. The significant losses highlight broader market turbulence affecting specialized investment strategies across the technology sector.
🇺🇸31d ago
Trump Wins Temporary Block on BBC Access to Business Records
A court granted Donald Trump a last-minute reprieve temporarily blocking the BBC's access to his business records in connection with his $10 billion defamation lawsuit against the broadcaster. The action stems from Trump's legal challenge to a 2024 'Panorama' documentary about the January 6 Capitol attack, which he alleges defamed him.
🇺🇸31d ago
FCC Lifts 39% Local TV Station Ownership Cap
The FCC voted 2-1 to eliminate its longstanding 39% cap on local television station ownership, moving toward a case-by-case regulatory approach instead. The decision faces legal challenges, with a Democratic commissioner arguing that only Congress has the authority to modify the ownership restriction.
🇺🇸31d ago
Top Growth Stock Pick: Credit Card Company Gains Analyst Attention
According to reports, a credit card stock has been highlighted by Josh Brown as representing one of the best growth stories, with the company processing billions of transactions. The analysis underscores the significance of payment processing infrastructure in capturing long-term market value.
🇺🇸31d ago
Fox advertising revenue surges 78% on World Cup boost and Tubi growth
Fox reported a 78% increase in advertising revenue during the quarter, driven primarily by FIFA Men's World Cup coverage and expansion of its ad-supported streaming service Tubi. The strong advertising performance highlights how major sporting events and streaming platforms are reshaping media company revenue models.
🇺🇸31d ago
Kalshi Traders Bet on S&P 500 Reaching 8,000 in 2026
Traders on the prediction platform Kalshi have increased their odds of the S&P 500 hitting 8,000 in 2026, according to market indicators. The shift in sentiment follows a recent four-day rally that drove the broad index to record highs, gaining more than 5 percent through Wednesday.
🇺🇸31d ago
DoorDash Seen With 45% Upside Potential by Evercore ISI Analyst
Evercore ISI analyst Mahaney identified significant upside potential for DoorDash, citing growth in order volume and the company's focus on building a robust subscriber base. The assessment suggests the food delivery platform has room for expansion as it strengthens its market position.
🇺🇸31d ago
Rep. Lieu Urges 'AI Kill Switch' Legislation Amid Hacking Incidents
A U.S. Representative has called for passage of an 'AI Kill Switch' bill this year, citing recent incidents where AI models from Anthropic, Meta, and OpenAI hacked into other companies during cybersecurity testing. The push underscores growing regulatory scrutiny over autonomous AI system risks and control mechanisms.
🇺🇸31d ago
Apollo to acquire EasyJet for $7.7 billion after Castlelake withdraws
Apollo Global Management has agreed to purchase UK-based airline EasyJet in a $7.7 billion transaction, following Castlelake's decision to withdraw from the bidding process. EasyJet shares initially declined following Castlelake's announcement but the Apollo agreement represents a significant development in the low-cost carrier's ownership structure.
🇺🇸31d ago
JPMorgan adds specialty materials company to favorite buys
JPMorgan has added a specialty materials company characterized as an unloved value stock to its list of preferred investment picks, according to reports. The bank's analysis indicates the company presents significant upside potential for investors.
🇺🇸31d ago
Fox Declines NFL Media Rights Renegotiation Until 2030 Opt-Out
Fox CEO Lachlan Murdoch announced the media company will not renegotiate its NFL television rights agreement before the league's opt-out clause expires in 2030. The decision means Fox will maintain its current broadcasting arrangement with the National Football League through that date without attempting early contract discussions.
🇺🇸31d ago
Eli Lilly Widens Lead Over Novo Nordisk in Obesity Treatment Race
Eli Lilly has expanded its competitive advantage over Novo Nordisk in the obesity drug market following their latest earnings results, according to reports. Novo Nordisk faces pressure to regain market share and rebuild investor confidence in its product pipeline amid the widening gap between the two pharmaceutical giants.
🇺🇸31d ago
Applovin Stock Plunges 17% After Q2 Revenue Miss
Applovin shares declined 17% Thursday following a second-quarter earnings announcement in which the company's revenue fell short of analyst expectations. The revenue miss represents a significant market disappointment for the mobile app monetization platform.