Ether continues to demonstrate notable strength, both on an absolute basis and relative to bitcoin , which suggests that its recent up-move could kickstart further gains. First, on this daily chart, it’s clear that ETH finally has broken out of a bullish inverse head-and-shoulders pattern, a technical formation that has been under construction for most…
Facade with logo at headquarters of Scale AI, San Francisco, California, June 2, 2025. Smith Collection | Gado | Archive Photos | Getty Images Weeks after Meta poured $14.3 billion into Scale AI and hired founder Alexandr Wang, the artificial intelligence startup is cutting 200 full-time employees, or 14% of its staff. Scale AI’s interim…
Check out the companies making headlines in midday trading. Morgan Stanley — Shares fell 3.6% despite the financial institution beating second-quarter estimates. Morgan Stanley earned $2.13 per share and saw $16.79 billion in revenue, while analysts anticipated earnings of $1.96 a share and $16.07 billion in revenue, per LSEG. SolarEdge Technologies – Shares plummeted more…
A hiring sign is displayed in an Auto Zone store window on June 25, 2025 in Austin, Texas. Brandon Bell | Getty Images For all its perils, artificial intelligence appears to have helped alleviate a longstanding problem in American business. Since around 2017, other than the brief spike in unemployment during the pandemic, there were…
U.S. Federal Reserve Chair Jerome Powell and U.S. President Donald Trump. Craig Hudson | Evelyn Hockstein | Reuters President Donald Trump told a room full of Republican lawmakers that he will fire Federal Reserve Chair Jerome Powell, after receiving approval from them to make the move, a senior White House official told CNBC. Amid repeated…
Warner Bros. Discovery Chief Financial Officer Gunnar Wiedenfels walks to a session at the Allen & Company Sun Valley Conference on July 9, 2025 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Legacy media is in a time of tumult. And it’s bringing a new crop of decision-makers to the fore. In an industry…
Tesla (TSLA) is facing significant challenges that present a compelling bearish outlook. Despite industry-leading growth metrics, Tesla faces declining deliveries, increasing competition and significant executive turnover. With recent price action suggesting that investors are concerned, this presents an optimal opportunity to seek bearish exposure using options with limited risk heading into next week’s earnings. Trade…
It may be a strategic time to pivot away from this year’s Big Tech winners. Bob Elliott, who runs Unlimited Funds, suggests building portfolios designed to withstand a slowing economy over the next six months should be a priority. “You’re talking about positions long bonds, long gold and short the U.S. dollar,” the firm’s CEO…
Wall Street is feeling good. Perhaps, too good. Ned Davis Research noted that its daily trading sentiment composite has entered “excessive optimism” territory after hitting an all-time low in early April — when President Donald Trump unveiled steep tariffs on imported goods into the U.S. Indeed, the S & P 500 hit an intraday record…
Check out the companies making headlines in premarket trading. Bank of America — Shares popped 1.5% after the bank earned 89 cents per share for the second quarter, beating the consensus forecast of 86 cents a share from analysts polled by LSEG. But revenue came in at $26.61 billion, slightly below the $26.72 billion figure…
