Author: starbpo

Stocks are struggling at the start of trade as lingering trade worries stick to this market, though investors managed to shake that off on Monday. That setup could work again for Tuesday. The S&P 500 SPX is only 3.78% off its February highs, after May’s record gains, though it remains to be seen if the rally will keep going through the long days of summer. That’s as other segments of the market have been thoroughly overlooked when it comes to buying the dip this year. For example, the Russell 2000 RUT is down 7.17% in 2025, and sits over 15%…

President Donald Trump’s massive tax and spending plan has a little-known clause that might lead to the next round of an intensifying global trade war and could unsettle the already shaky market for US Treasurys, which are vital to the world economy. Section 899 of the One Big Beautiful Bill Act, which was approved by the House of Representatives in May, would allow the White House to apply what some analysts are referring to as a “revenge tax” on foreign owners of Treasury bonds and other U.S. assets. “The House bill raises questions about whether it would impose its so-called’revenge’…

Jamie Dimon, the CEO of JPMorgan Chase & Co., issued yet another caution about the bond market on Monday, which some analysts suggested would cause more investors to seek security in other asset classes and globally. According to Dimon, the deteriorating U.S. fiscal situation is a “big deal” and “a real problem,” and “the bond markets are going to have a tough time” eventually, though he is unsure if that will be in “six months or six years.” He made these remarks in an interview with the Fox Business Network’s “Mornings with Maria” show. The United States must implement growth-oriented…

The first to take advantage of a market niche are big institutional investors. Retail investors are only invited to the party when they finally lose interest in it. The massive mutual fund company Vanguard Group recently revealed plans to increase access to private equity for individual investors. At the same time, the manager of one of the biggest sovereign-wealth funds in the world was claiming that private equity was a problematic investment. In the world of investments, these two images are all too typical: Big institutional investors are the first to take advantage of a market niche. Retail investors are…

Intel Corp.’s stock hasn’t been following the AI trend so far this year, but it’s going up in Tuesday’s premarket trading after the company made a number of announcements about AI chips. The company announced on Tuesday that its Xeon 6 processors would be available for use in data centres. From what Intel INTC, -0.86% said in a press release, the chips are meant to improve “performance and power efficiency for high-density, scale-out workloads.” They also said that their Gaudi 2 and Gaudi 3 AI accelerator kits can be bought for up to a third of the price of similar…

Before the market opened on Wednesday, Hibbett Inc. HIBB, -0.12% reported a better-than-expected profit, but sales were lower than what analysts had expected. For the quarter, the sporting goods store made $32.5 million, or $2.67 per share. This is down from $35.9 million, or $2.74 per share, during the same time last year. FactSet polled analysts and found that they expected the company to make $2.58 per share. Sales dropped from $455.5 million in the same quarter last year to $447.2 million this year. FactSet polled analysts, and they thought sales would be $452.9 million. Shares of Hibbett are down…

The company High Liner Foods wants to start a programme to buy back up to 2.1% of its issued and outstanding shares over the course of a year. Canada’s frozen seafood company said Wednesday that the Toronto Stock Exchange had agreed to its plan to use a normal course issuer bid to buy back up to 700,000 shares. The price of the stock has gone up about 12% since the start of the year. It closed on Tuesday at $9.71(CDN) a share. The shares that were meant to be bought back would be worth about C$9.3 million at that price.…

Shares of REV Group went up after the company raised its earnings guidance for the fiscal year and reported better-than-expected results for the fiscal second quarter. In Wednesday morning trading, the stock was up 5% to $26. So far this year, shares have gone up more than a third. The company that makes specialty vehicles and aftermarket parts for them said it now expects to make at least $230 million this year, which is more than the $224 million that was the low end of its previous range of predictions. Amounts earned after one-time items are taken out are now…

A European Union court said on Wednesday that McDonald’s can’t call any of its chicken sandwiches a “Big Mac.” The decision comes after Supermac’s, an Irish fast-food chain, asked the EU in 2017 to take away McDonald’s decades-long trademark on the use of the Big Mac name for a variety of food products and services sold at its restaurants. It said the U.S. fast-food giant hadn’t put the trademark to real use for five years in a row. The EU Intellectual Property Office let McDonald’s keep using the name for chicken and meat sandwiches. Supermac’s then made an appeal. Supermac’s…

Dollar Tree stock was going down after the store reported good quarterly results and said it would be reviewing its Family Dollar division in a formal way. According to FactSet, Dollar Tree had adjusted earnings of $1.43 per share for the first fiscal quarter that ended on May 4. This was in line with what Wall Street expected. The net sales of $7.63 billion were also in line with expectations. Dollar Tree stock fell 2.8% to $116.90 before the market opened, while futures that follow the S&P 500 went up 0.2%. Dollar Tree forecasts net sales of $7.3 billion to…