The stock market

[longcast]

Bud Light falls to No. 3 beer brand more than year after Dylan Mulvaney controversy

Bud Light has still not recovered from a controversial partnership last year with transgender influencer Dylan Mulvaney that sparked a boycott of the beer.

www.foxbusiness.com

 

[longcast]

Stock market news today: Dow futures slip in wake of global outage

Stocks are facing another rough ride after a global IT outage hit businesses worldwide, with weekly losses in play.

finance.yahoo.com

 

[longcast]

Trading Disrupted, Bankers Go Home After Outages Sweep Globe

(Bloomberg) -- Bankers from Hong Kong and Dubai to South Africa and London were caught up in the global IT outage, leaving some unable to log on to computer systems and hobbling others from making trades.Most Read from BloombergUnprecedented IT Outage Cripples Businesses Around the GlobeAirlines...

finance.yahoo.com

 

[longcast]

Biden's exit could spur Trump-trade unwind, divided government in focus

U.S. President Joe Biden's exit from the presidential race on Sunday could prompt investors to unwind trades betting that a Republican victory would increase U.S. fiscal and inflationary pressures, while some analysts said markets could benefit from an increased chance of divided government...

finance.yahoo.com

 

[longcast]

Stock market news today: Nasdaq leads US futures higher after Biden backs out

Investors are surveying a changed political landscape after Biden called off his re-election bid, assessing what it could mean for the Trump trade.

finance.yahoo.com

 

[longcast]

Stock market news today: US stocks waver amid earnings flood, with Big Tech on deck

A marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.

finance.yahoo.com

 

[longcast]

Tesla stock slides 10% after company reports mixed Q2 results, says 'affordable' EVs on track for 2025 debut

Tesla reported mixed second quarter results after the bell on Tuesday, though the EV maker did say it was on track for production of new vehicles, likely a cheaper EV, in the first half of 2025.

finance.yahoo.com

 

[longcast]

Tesla stock slides 10% after company reports mixed Q2 results, says 'affordable' EVs on track for 2025 debut

Tesla reported mixed second quarter results after the bell on Tuesday, though the EV maker did say it was on track for production of new vehicles, likely a cheaper EV, in the first half of 2025.

finance.yahoo.com

 

[longcast]

Visa reports rare quarterly revenue miss, shares drop

Visa's third-quarter revenue growth fell short of Wall Street targets in a rare miss for the world's largest payments processor as steep borrowing costs limited consumer spending

finance.yahoo.com

It has had a good run.

Rival credit card giant American Express (AXP) also missed expectations for second-quarter revenue last week.

"Visa was priced for perfection back in March but has eased since then as unemployment, payment and loan delinquencies, and continued consumer disposable income concerns tick higher," said Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors.
But -

Visa earned $2.42 per share on an adjusted basis for the third quarter, in line with expectations.

 

[longcast]

Goldman Sees China Saving Fiscal Firepower in Wait for Trump

(Bloomberg) -- Donald Trump may already be influencing the economic agenda in China, according to Goldman Sachs Group Inc. Most Read from BloombergWhat Initial Polling Data Show About the Trump-Harris MatchupTesla Slumps as Musk Tethers Its Future to Delayed RobotaxisTrump Files Complaint Over...

finance.yahoo.com

 

[longcast]

McDonald's misses Q2 estimates across the board, as consumers pull back on dining out

McDonald's investors are setting a low bar for Q2 as consumers tighten their wallets.

finance.yahoo.com

 

[longcast]

Why regional banks are now willing to take billions in losses

More US regional banks are taking a step that was unthinkable more than a year ago in the aftermath of the Silicon Valley Bank failure: selling underwater bonds at a loss.

finance.yahoo.com

 

[longcast]

Investors are betting the Fed will use its July meeting to set the stage for a September cut

Most Fed watchers don’t expect the central bank to ease monetary policy this week, but what they do expect is that policy makers will set the stage for an interest rate cut at their next meeting in September.

finance.yahoo.com

December would be better for a cut. Here comes the interference.

 

[longcast]

Fed holds interest rates steady at 23-year high, but opens the door to reducing rates

Federal Reserve policymakers on Wednesday voted to hold interest rates steady, keeping borrowing costs elevated for millions of households and businesses.

www.foxbusiness.com

As they should.

 

[longcast]

Stock market news today: S&P 500, Nasdaq futures climb as Fed delivers and Meta jumps

Strong Meta results are keeping bullish tech hopes aloft after the Fed cemented bets on a September rate cut.

finance.yahoo.com

Be careful fed. No interference!

 

[longcast]

Meta beats Q2 expectations but warns of 'significant' spending expansion in 2025

Facebook and Instagram parent company Meta reported better-than-anticipated earnings after the bell on Wednesday but warned of growing cap-ex in 2025.

finance.yahoo.com

 

[longcast]

Stock market news today: US futures tumble across the board as growth fears, Big Tech earnings spook market

The flight from stocks is accelerating as Big Tech earning misses add to recession jitters in the countdown to the July jobs report.

finance.yahoo.com

 

[longcast]

Condom maker Church & Dwight sees FY forecasts at lower end as consumers turn cautious

In a bid to defend their profit margins against higher costs, consumer goods companies including Church & Dwight have been hiking their prices over the past two years, despite some input expenses now declining. "Category consumption growth in both dollars and units has moderated as the consumer...

finance.yahoo.com

 

[longcast]

Bloody out there!

Don't look and ruin the weekend. Also, don't spend.

Stock market news today: Nasdaq falls 10% from record high after disappointing jobs report

The flight from stocks is accelerating as Big Tech earning misses add to recession jitters in the countdown to the July jobs report.

finance.yahoo.com

 

[longcast]

Stock market news today: US futures tumble across the board as growth fears, Big Tech earnings spook market

The flight from stocks is accelerating as Big Tech earning misses add to recession jitters in the countdown to the July jobs report.

finance.yahoo.com

The plug on unlimited money (the money stolen from you and given to others) is drying up.