FINANCE
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Dow, S&P 500, Nasdaq slide as Nvidia leads tech losses after PCE inflation, consumer data
US stocks fell from record highs on Friday as Wall Street digested an update on consumer inflation that showed prices firming higher above the Fed’s target in July. The Dow Jones Industrial Average (^DJI) fell around 0.3%, and the S&P 500 (^GSPC) lost about 0.8%. The tech-heavy Nasdaq Composite (^IXIC) led the retreat, down over 1.2%. Big Tech slumped, with…
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Crypto, AI & Big Players to Come for Future IPOs – Schwab TV
By Karen Roman IPO Edge Editor-in-Chief John Jannarone joined Schwab Network’s Nicole Petallides to discuss Bullish (NYSE: BLSH), Figma, Inc. (NYSE: FIG), Circle Internet Group (NYSE: CRCL) and others as the biggest names that went public in 2025. Mr. Jannarone mentioned this year’s busy summer has seen crypto IPOs surging as federal regulation favors the industry and investors expect one to two…
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A baby boomer who retired early turned to trading meme stocks to fight the boredom. Here’s how he’s successfully navigated the market.
Tom Rairdon, 75, began trading meme stocks after he retired early.Courtesy of Tom Rairdon Tom Rairdon, 75, began trading meme stocks to combat boredom in retirement. He ended up nearly doubling his portfolio in three years by trading high-volatility stocks. He told Business Insider his strategy for passing the time while earning “Vegas money” on the side. Nobody told Tom…
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Jim Cramer Wonders Whether NIKE, Inc. (NKE) “Isn’t Really Back”
We recently published 11 Latest AI & Other Stocks On Jim Cramer’s Radar. NIKE, Inc. (NYSE:NKE) is one of the stocks Jim Cramer recently discussed. Popular athletic apparel provider NIKE, Inc. (NYSE:NKE)’s shares have gained 27.3% since late June. The shares rose after the firm reported its fiscal fourth quarter earnings, which beat analyst revenue and earnings estimates. The beat…
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I’m a psychologist who coaches day traders. Here’s why many fail and what I tell them to do instead
Michael M. Santiago/Getty Images Andrew Menaker is a psychologist who now coaches day traders on and off Wall Street. Menaker thinks many traders struggle for a common set of reasons, like having too big an ego. A day trader himself, he has a few tips for people — literally — trying to get in on the trade. This as-told-to essay…
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Dow, S&P 500, Nasdaq wobble after PPI inflation comes in much hotter than expected
Cisco (CSCO) is always a tricky play around its earnings report. The company isn’t a fast grower, and what the Street focuses on tends to shift from quarter to quarter. Sometimes it’s profit margins, sometimes it’s product orders, sometimes it’s the outlook. Going through the latest, I don’t hate the quarter and outlook. Gross margins were up across the board,…
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GitHub CEO Thomas Dohmke to step down, plans new startup
(Reuters) -GitHub Chief Executive Thomas Dohmke said on Monday he will leave the Microsoft-owned code-hosting platform to launch a new startup, capping a tenure that included a major push into artificial intelligence through the company’s Copilot products. Dohmke, who moved to the U.S. from Germany more than a decade ago after selling his startup to Microsoft, said his “startup roots”…
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Monsoon season and tight lending curb India’s vehicle market – GlobalData
India’s Light Vehicle (LV) wholesale figures for June totaled approximately 365k units, representing an 8% month-on-month (MoM) decrease and a 6% year-on-year (YoY) decline. Passenger Vehicle (PV) sales accounted for 313k units, indicating reductions of 8% MoM and 6% YoY. At the same time, demand for Light Commercial Vehicles (LCVs) with a gross vehicle weight of up to 6T reached…
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ON Semiconductor (ON) Nosedives 15% as Cautious Market Weighs on Outlook
We recently published 10 Stocks Bleeding Early. ON Semiconductor Corp. (NASDAQ:ON) is one of the companies that stood stronger last week. ON Semiconductor saw its share prices drop by 15.58 percent on Monday to close at $47.97 apiece as investors soured on its chief executive officer’s warning of a cautious market sentiment that could dampen its profits and margins. In an…
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Wall Street internship season is ending. What to do if you don’t get a return offer.
Wall Street internships are nearly over for the summer at the largest investment banks.Spencer Platt/Getty Images The summer is nearly over, and full-time job offers could start rolling out as soon as next week. Not every intern will get picked. What do you do if you don’t get invited back? A banking recruiter and a top 10 business school professor…
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