Moody’s Downgrades U.S. Credit Outlook U.S. stock futures slipped on Sunday night following Moody’s Investors Service’s decision to lower its U.S. credit rating outlook from stable to negative, citing higher interest rates and deficits as contributing factors. Dow Jones Industrial Average futures dipped 54 points, or 0.1%, while futures tied to the S&P 500 and…
“CATL: China’s EV battery giant poised for outsized gains” Contemporary Amperex Technology, also known as CATL, is an influential player in the electric vehicle industry that often flies under the radar. As the leading company by market capitalization on the Shenzhen stock exchange, CATL boasts a larger valuation than other local heavyweights such as BYD….
Nvidia has reportedly discovered a way to sell high-end chips to Chinese companies while still complying with U.S. regulations aimed at restricting China’s access to technology. According to Chinese financial media Cailian Press, Nvidia is set to deliver three new chips, HGX H20, L20 PCle, and L2 PCle, to domestic manufacturers. This move comes after…
Investors looking to start their trading day need to pay attention to the most critical news items. The S&P 500 and Nasdaq Composite snapped their longest streaks in two years on Thursday, falling 0.8% and 0.9% respectively. The Dow Jones Industrial Average also saw a decline of nearly 0.7%. Heading into the final trading session,…
“Dividend Monarchs: The Safe Play for Investors in Uncertain Times” Investors worried about market volatility may want to consider stocks that have consistently proven themselves over time – also known as dividend monarchs. This strategy is favored by Roundhill Investments, which recently launched its S&P Dividend Monarchs ETF. “It’s named that for a reason. It…
A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana. Airlines have a record 260 million seats to fill this quarter and are offering fares that are as low as $29 for off-peak periods. Due to the increased capacity in recent months, and the return of leisure travelers…
Brad Garlinghouse, CEO of Ripple Labs Inc., recently criticized the U.S. Securities and Exchange Commission (SEC) for losing sight of their role to protect investors. During the Ripple Swell conference in Dubai, he expressed his concerns to CNBC’s Dan Murphy. Garlinghouse questioned the SEC’s motives in the ongoing controversy between Ripple and the SEC, saying,…
Wynn Resorts stock jumps after CEO buys 600,000 shares Wynn Resorts saw a 1.2% jump in its stock price Monday after CEO Matt Maddox bought 600,000 shares, worth about $49 million. The purchase came after the company announced better-than-expected earnings for the second quarter, with a revenue of $990 million. Maddox’s purchase boosts his stake…
U.S. Equities Climbed Higher on Friday, with the S&P 500 and Nasdaq Composite Up On Friday, U.S. equities saw an increase, with the S&P 500 up 0.47% and the Nasdaq Composite up 0.74%. Both indices are set to deliver gains for the week following last week’s strong performance. CNBC’s Jim Cramer commented, “I do think…
Rebirth of Boring Investing: Bogleheads’ Philosophy Resurfaces as Meme-Stock Rally Fades The recent surge of meme stock trading and rising interest rates has prompted a revival of the philosophy espoused by Jack Bogle, the founder of Vanguard. Bogle’s emphasis on low-cost, passive investments that generate long-term compound returns has caught the attention of individual investors…
