Earnings season kicks off next week, and as usual, the big banks lead off. Here’s what the tape is telling me going in: for the past four weeks, financials’ relative rotation versus the broad market has been improving. Information technology — the market’s leader for as long as anyone can remember — flattened out four…
Donald Trump, President of the United States, speaks during a press conference at the NATO Summit at the Presidential Complex in Ankara, Turkiye, on July 8, 2026. (Photo by Klaudia Radecka/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images President Donald Trump threatened to “decimate and destroy” Iran if Tehran acts on threats to…
Meta Platform’s AI efforts are looking like the recipe for a comeback after an almost year-long drought in shares of the $1.7 trillion market-cap company. Shares of Mark Zuckerberg’s social media giant jumped more than 6% Friday to the highest level since April, extending gains that began earlier this month when the company detailed plans…
Sen. Elizabeth Warren, a Democrat from Massachusetts and ranking member of the Senate Banking, Housing, and Urban Affairs Committee, speaks to members of the media following a confirmation hearing in Washington, June 25, 2026. Graeme Sloan | Bloomberg | Getty Images Five top Senate Democrats on Friday renewed calls for hearings into President Donald Trump’s…
U.S. President Donald Trump speaks to members of the press aboard the new Air Force One on July 8, 2026. Win Mcnamee | Getty Images President Donald Trump ousted the three remaining members of the Election Assistance Commission, with less than four months before midterm elections, the White House confirmed Friday. Democrats blasted Trump’s gutting…
AstraZeneca‘s failed late-stage trial for Wainua was never expected to have a major financial impact on the company. Most analysts estimate the trial miss wiped just 2-4% from their valuation models. Yet the shares lost roughly twice that in a single session, suggesting the market reaction reflected more than just the loss of one drug,…
President Donald Trump said Friday he will not sign a housing bill that Congress passed in June with overwhelming bipartisan support, setting the stage for it to automatically become law at 12:01 a.m. ET Saturday. Trump said he was withholding his signature from the housing bill in protest over the Senate’s failure to pass the…
Next week, several exchange-traded fund companies plan to hit the market with the latest ETFs, offering a way to add leverage to bets on single stocks, in this case, on the South Korean chip giant SK Hynix, which began trading in the U.S. on Friday. The development should come as no surprise: similar SK Hynix…
Meta CEO Mark Zuckerberg attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 9, 2026. Brendan McDermid | Reuters Meta shares rallied on Friday, lifting their gains for the week to 15%, the best weekly performance since early 2024, as optimism…
Apple’s stock has had a bumpy ride this year. But it’s been a lot more pleasant lately — so much so that shares posted their first record close in over a month during Thursday’s session. In doing so, Apple stands out among the rest of the “Magnificent Seven.” The other six members of the group…
