Author: starbpo

Donald Trump promised during his campaign that he would lower prices. Two of his most important policy ideas might have the opposite effect if they are put into action. The previous president, who is now running for president again, wants to put a 20% tariff on imports into the U.S. This is already expected to make prices go up for consumers. Economists, on the other hand, say that Trump’s plan to deport millions of illegal immigrants from the U.S. could also cause prices to rise. They say that the plan to deport a lot of people would hurt businesses that…

Following a “meaningful escalation” in tensions between Russia and Ukraine this week, crude oil futures edged higher on Wednesday. However, prices traded off the session’s highs after data showed a small rise in U.S. crude stocks over the past week. Traders weighed worries about a possible nuclear reaction from Russia in response to Ukraine’s recent attack with U.S.-made long-range missiles against news that the Russian government was ready to talk to President-elect Trump about a possible cease-fire in Ukraine. The price changes Market forces After Russian President Vladimir Putin accepted a change to the country’s nuclear doctrine this week, traders…

Nvidia Corp. will report earnings on Wednesday afternoon. Will it once again amaze Wall Street? Before reading the report, there are a few things to keep in mind. For example, Nvidia shares have gone up a fair amount since the last report, which is different from how many other chip stocks have done during that time. Also, investors seem to think that this quarter isn’t that important for Nvidia’s story because they’re more interested in the company’s new Blackwell chip’s wider rollout. Before Nvidia’s fiscal third-quarter report, here are the five most important things you should know. The price has…

Wednesday, Viking Therapeutics Inc. got praise not for its weight loss pill, which has investors very excited, but for the other important product option in its pipeline: a treatment for the liver disease MASH. Metabolic dysfunction-associated steatohepatitis, or MASH, is a dangerous liver disease that happens when fat builds up and gets inflamed, even if you don’t drink much. It used to be called NASH, which stands for “non-alcoholic steatohepatitis.” The American Managed Care Pharmacy Association says that about 22 million Americans have the disease. It can cause liver cancer, end-stage liver disease, or even death. In the U.S., this…

After a big rise the day before, Trump Media & Technology Group Corp. stock fell more than 10% on Tuesday. The company is the parent of President-elect Donald Trump’s Truth Social media platform. Before the day, the stock had gone up about 17% after news came out that Trump Media DJT -6.57% was close to making a deal to buy Bakkt Holdings Inc. BKKT 16.80%, a company that works with cryptocurrencies. On Tuesday, Bakkt said in a statement that it “does not comment on market rumors or speculation.” Trump Media is in the business of running a social media company,…

Early Tuesday morning, Walmart Inc. stock hit a new high. This came after the retail giant extended its streak of beating earnings estimates and raised its full-year outlook, noting strength in e-commerce and rising in-store sales. Walmart’s U.S. business saw an increase in general goods sales, which means people are once again buying things they don’t have to. Also, market share grew, mostly due to families with higher incomes. Walmart’s Chief Financial Officer, John David Rainey, said during a conference call to talk about the findings, “U.S. customers remain resilient.” He also said that customer behavior has been “largely consistent…

After beating third-quarter estimates and raising its outlook, Lowe’s stock couldn’t hold on to its early gains on Tuesday. This was because storm-related sales of big-ticket items were less strong than positive same-store sales in its professional and online stores. The stock of the company is down 4.3%, while the S&P 500 average is down 0.4%. For the quarter, Lowe’s Cos. LOW -3.72% had a net income of $1.695 billion, or $2.99 a share. This was less than the $1.773 billion, or $3.06 a share, it made during the same time last year. After taking into account one-time items, EPS…

In October, builders cut back on new projects, which caused the number of new homes being built in the U.S. to drop by 3.1%. The government said Tuesday that the number of housing starts dropped from 1.35 million the previous month to 1.31 million the following month. In one year, that many homes would be built if building goes at the same rate every month as it did in October. Building new homes has dropped to its lowest level since July. It wasn’t as good as what Wall Street thought it would be—a 1.34 million pace. All of the numbers…

The markets feel a bit like they’re in World War III this morning after Russia said it updated its nuclear policy. It makes sense to wonder why people bother taking precautions against nuclear war, and the idea of “mutually assured destruction” will probably win out in the end. On a positive note, Goldman Sachs has set a goal price for the S&P 500 SPX of 6,500, assuming that investors are still here at the end of 2025. This is the same price that Morgan Stanley chose as its outlook for the market. Similarities are seen between this and President-elect Trump’s…

With a big jump, Super Micro Computer Inc.’s stock is once again beating the S&P 500 index. This shows that investors are becoming more confident in the company’s ability to meet its filing obligations. The company that makes servers said on Monday that it had hired a new auditor, BDO USA, and sent the Nasdaq a plan for how it would catch up on its late reports. In a note to clients, Mizuho analyst Vijay Rakesh said, “We believe Nasdaq approval is on deck, potentially in 2–5 weeks.” He said that BDO USA is thought to be the fifth-biggest accounting…