Risk stocks are back in vogue as the S & P 500 sits on the cusp of a new high. Animal spirits are again taking the market reign as investors’ fears have taken a breather, largely due to President Donald Trump walking back some of his most extreme tariff policies and the administration making progress…
2026 Chevrolet Corvette ZR1X with Carbon Aero package GM DETROIT — General Motors is once again expanding its Corvette lineup with a new high-performance, hybrid variant of the quintessential American sports car. The Detroit automaker on Tuesday revealed the 2026 Chevrolet Corvette ZR1X “hypercar” — a souped-up version of the Corvette E-Ray hybrid that went…
Wedbush Securities’ Dan Ives, who launched an artificial intelligence exchange-traded fund this month, sees software as the subcategory to watch within the space. According to Ives, it’s experiencing a “golden age.” “Software is going to be driving … a lot of the use cases,” the firm’s global head of technology research told CNBC’s “ETF Edge”…
An exterior view of an Ulta Beauty store at the Monroe Marketplace Shopping Center. Paul Weaver | SOPA Images | Lightrocket | Getty Images Ulta Beauty said on Wednesday its finance chief Paula Oyibo has quit the role after a little over a year and named insider Chris Lialios as its interim CFO. Oyibo joined…
Houses undergo construction in a neighborhood on April 17, 2025 in Austin, Texas. Brandon Bell | Getty Images Sales of new single-family homes dropped 13.7% in May compared with April to 623,000 units on a seasonally-adjusted, annualized basis, according to the U.S. Census. That sales total was 6.3% lower than May 2024 and well below…
With the Federal Reserve just hours away from its latest decision on interest rates, President Donald Trump on Wednesday lambasted Chair Jerome Powell, calling him “stupid” while doubting the central bank would cut. In his latest in a series of attacks on Powell that go back years, Trump said the Fed’s key borrowing rate should…
Higher mortgage rates and uncertainty in the broader economy continue to weigh on consumers — and consequently on the nation’s homebuilders. Builder sentiment in June dropped 2 points from May to 32 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Anything below 50 is considered negative. The index stood at…
The U.S. stock market ripped higher over the past month despite mounting uncertainty around President Donald Trump’s “reciprocal” tariffs and escalating conflict in the Middle East. Since our last Monthly Meeting on May 21 through Tuesday’s close, the S & P 500 jumped 4.2%, while the Nasdaq rose 5.5%. The Dow Jones Industrial Average climbed…
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell is back Wednesday on Capitol Hill, this time speaking to the Senate banking committee as part of his semiannual monetary policy testimony. In his remarks…
The S & P 500 is close to its all-time high, and BMO thinks there are more gains to be made above that February level. Strategist Brian Belski hiked his S & P 500 year-end target to 6,700 — his original 2025 forecast — from 6,100. The new forecast signals upside of 10% from Tuesday’s…
