American Economist Jeffrey D. Sachs cautioned that the United States is likely once more steering the global economy toward catastrophe — signaled by last week’s staggering two-day, $10 trillion market-value drop. What Happened: “If something wipes out $10 trillion of Market CapEx in two days, you’re probably on the wrong track. The United States is […]

Investor Gary Black, the managing partner at the Future Fund LLC, has cautioned about impending “lasting damage to the economy” as consumers and businesses are expected to curtail spending ahead of the upcoming earnings season. What Happened: Black’s comments, made in response to CNBC’s Scott Wapner, highlight concerns stemming from recent bond market volatility and […]

Interactive Brokers Group, Inc. (NASDAQ:IBKR) founder Thomas Peterffy sees the recent tariff shock as a generational buying opportunity, not a reason for panic. What To Know: In an interview with Bloomberg, the 80-year-old billionaire dismissed criticism that President Trump’s 104% tariff hike on Chinese imports should have been phased in more gradually. Swift implementation is […]

Shell PLC (NYSE:SHEL) shares were trading lower in premarket on Monday after the company revised its first-quarter outlook. For the first quarter, it cut the guidance for production at Integrated Gas to around 910 – 950 thousand boe/d (vs. the prior outlook of 930 – 990 thousand boe/d) due to unplanned maintenance, mainly in Australia. Also, Shell revised the […]

AppLovin Corporation (NASDAQ:APP) shares were trading lower in premarket hours on Friday after the company confirmed it had submitted a preliminary expression of interest to the U.S. President regarding a potential acquisition of TikTok’s operations outside of China. “This indication of interest is preliminary and there can be no assurance that a transaction involving the […]

As of April 2, 2025, three stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices […]

Booking Holdings Inc (NASDAQ:BKNG) shares are trading lower on Monday. The company and Uber Technologies Inc (NYSE:UBER) announced a strategic global partnership. What Happened: OpenTable, part of Booking Holdings, and Uber formed a new strategic partnership, pairing Uber’s ride-hailing and delivery services with OpenTable’s restaurant network. The companies plan to work together to develop integrations […]

Braze, Inc. (NASDAQ:BRZE) posted better-than-expected fourth-quarter results after Thursday’s closing bell. Braze reported quarterly earnings of 12 cents per share, which beat the analyst consensus estimate of five cents. Quarterly revenue came in at $160.4 million, beating the $155.72 million consensus estimate. “Fiscal 2025 was a milestone year for Braze that reinforced our position as […]

On CNBC’s “Halftime Report Final Trades,” Jim Lebenthal of Cerity Partners said he is long-term bullish but a bit nervous for the short term on Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX). RBC Capital analyst Brian Abrahams, on Feb. 20, maintained Vertex Pharmaceuticals with a Sector Perform rating and raised the price target from $407 to $408. Shannon […]

Bitwise Asset Management chief investment officer Matthew Hougan says the firm is “extraordinarily bullish” on Bitcoin (CRYPTO: BTC) as the cryptocurrency gains widespread acceptance from governments, corporations and traditional asset managers.  What To Know: Hougan sat down with Benzinga at the Future Proof Citywide event in Miami Beach, FL last week and talked about the […]