Author: starbpo

Visa Inc. stock is one of the worst performers in the S&P 500 on Tuesday. It’s almost at its worst percentage drop in almost three years. A late Monday night story from Bloomberg News said that the Justice Department was getting ready to file an antitrust case against the payment technology giant. This made investors nervous. Bloomberg said the lawsuit could come as early as Tuesday. It would be about Visa’s V -4.18% debit card business and say that the company did things that made it hard for others to compete in the market, according to the story. Visa wouldn’t…

The amounts: There was a three-month low in consumer confidence in September, just before a very important U.S. election. The result of the election could depend on which presidential candidate people think will do a better job with the economy. As unemployment kept going up and it got harder for people to find work, Americans became more worried about the job market. Another problem was that the cost of living was very high after years of very high inflation. It dropped from 105.6 in August to 98.7 this month, according to a report released Tuesday by the Conference Board. It…

Boeing Co.’s stock went down on Tuesday after the latest failure in talks to settle the strike by its workers, but the company’s bonds are moving in a different way. Because of the machinists’ strike over pay on September 13, Boeing’s stock BA -0.78% has gone down. This is because Moody’s Ratings put the aerospace giant’s credit on review for a possible drop. The strike comes at a tough time for the business, which is trying to fix its production problems and get back on track. This month, the price is down 12%. Fitch Ratings was also worried about the…

Because they were involved in “covert influence operations” before the U.S. presidential election, TikTok deleted accounts that were linked to Russian state media. The short-form video sharing site said on Monday that the changes affect accounts linked to TV-Novosti (the parent company of Russian state media RT) and Rossiya Segodnya (the company behind Kremlin news outlets RIA Novosti and Sputnik). Even though Iran has hacked into both parties’ presidential campaigns this year, the U.S. Department of Justice says that Moscow is still the biggest threat to elections. In the past few months, U.S. officials have used criminal charges, penalties, and…

When a new plan to boost the economy was announced in Beijing this morning, it was a good day for everything related to China. This includes Chinese stocks, commodities, luxury goods makers, and more. I’ll say more about that later. There is real excitement about nuclear power right now, made even more so by the news that Constellation Energy CEG 0.84% will restart a nuclear reactor at Three Mile Island as part of a power-purchase agreement with Microsoft Corp. MSFT -0.40% and the announcement on Monday from 14 institutions that they will fund the tripling of nuclear energy capacity by…

Yesterday, J.P. Morgan told investors that Nike Inc.’s quarterly results might lead to a selloff, which caused shares of the company to go up. On Oct. 1, at about 4:15 p.m. Eastern, Nike will report its financial data for the first quarter of its fiscal year going through August. Before those results came out, Matthew Boss, an analyst at J.P. Morgan, said that he had put Nike’s stock on “negative catalyst watch” based on what he had learned from recent time with management and his “global fieldwork.” The price of NKE -0.37% fell 0.8% in the morning. The drop comes…

Tomorrow, when Tesla Inc. reports the number of deliveries, things will be different on Wall Street. Recently, investors on the buy side have been less optimistic about Tesla’s TSLA 4.93% supply numbers than investors on the sell side. Dan Levy, an economist at Barclays, says that this time, the buy side seems to have a better view of things. It’s possible that investors have come to expect Tesla to beat their delivery goals for the third quarter. However, Levy said that this could help drive shares higher. Shares have gone up 36% in the last three months, beating the S&P…

Other than chip stocks, investors have found another big way to play the AI trend. As a result, this year’s list of the best-performing stocks in the S&P 500 has changed. Vistra Corp. shares VST 3.48% beat Nvidia Corp. shares NVDA 0.22% last week to become the best-performing stock in the S&P 500 SPX 0.28% so far this year. That’s a big deal for a power company that isn’t exactly well known. At the end of the day on Friday, Vistra shares were up 180% for the year, and Nvidia shares were up 134%. Second place went to Constellation Energy…

There seems to be a valuation bubble in the home-builder and semiconductor businesses. That’s what you get when you apply the methods of a research study from five years ago to the stock market today. The study was called “Bubbles for Fama,” and it was done by Robin Greenwood, Andrei Schleifer, and Yang You from the University of Hong Kong. The professors explained what a bubble and its following deflation were in terms of certain industries. If an industry did better than the market over the last two years by at least 100%, it’s likely to fall by at least…

The stock price of Trump Media & Technology Group Corp. dropped 10% at the end of trading on Monday, just two days before an important deadline for insiders to report sales of shares in the parent company of Donald Trump’s Truth Social platform. Following a merger with Digital World Acquisition Corp. in March, DJT went public, and its share price dropped by $1.40 to $12.15. This was the stock’s lowest ending price since then. On Friday, a six-month ban on insiders selling shares came to an end. The law in the U.S. says that insiders who sell stock must file…