(Reuters) -Victor Fettes, 54, is going ahead with his long-planned retirement next Friday. But the recent decline in the stock market and uncertainty over how U.S. President Donald Trump’s policies will hit the economy have him rethinking how he’ll spend it.
Shares of online community and discussion platform Reddit (NYSE:RDDT) fell 11.9% in the afternoon session after markets seemed to have caught "tariff/trade war fever" once again (Nasdaq down 1.9%, S&P 500 down 1.2%) amid broader geopolitical anxiety. The volatility was perhaps also related to uncertainty surrounding the Fed's rate decision to be announced later in the week. The consensus estimate was for the Fed to keep interest rates at the range of 4.25%-4.5%.
Shares of financial services company Robinhood (NASDAQ:HOOD) fell 7.1% in the morning session after markets seemed to have caught "tariff/trade war fever" once again (Nasdaq down 1.9%, S&P 500 down 1.2%) amid broader geopolitical anxiety. The volatility was perhaps also related to uncertainty surrounding the Fed's rate decision to be announced later in the week. The consensus estimate was for the Fed to keep interest rates at the range of 4.25%-4.5%. This could be a bit of a letdown for the dovi
Apple stock has fallen roughly 18% from its record close in December, shedding more than $700 billion off of the iPhone maker’s market cap as investors scrutinize the company’s AI play.
Dip buyers came out in spades last week, according to client fund flow data from Bank of America.
Shares of Stoke Therapeutics sank Tuesday as the drugmaker said its CEO Dr. Edward Kaye is stepping down from his role.
Adobe on Tuesday said it is rolling out artificial intelligence "agents" that brands can use to help consumers navigate their websites. Adobe is known for consumer apps such as Photoshop but also sells a suite of business-to-business software tools used in online marketing, which made up a quarter of Adobe's $21.5 billion in sales in its most recent fiscal year. The new tools use AI technology to help brands target marketing messages to different users based on their online activity.
(Bloomberg) -- A pioneer of the $100 billion derivatives-powered ETF market has filed for more than 70 new funds in one go, in a bet that amped-up investment products will boom anew despite fears of industry overcrowding and investor exhaustion.Most Read from BloombergHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Resid
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 6.3% in the morning session after the EV battle in China continued to heat up as BYD announced its new "Super e-Platform," a technology it claimed could charge electric vehicles in just five minutes. The company added that the new technology had a peak charging speed of 1,000 kilowatts. To put it in perspective, Tesla's latest superchargers maxed out at 500 kilowatts (at the time BYD announced the Super e-Platform), so BYD's tech would
U.S. equities tumbled at midday on a range of factors, including worries about tech stocks, the Fed meeting, and more fighting in the Middle East.