The Federal Reserve left interest rates unchanged for a fifth consecutive meeting while signaling its commitment to bringing inflation back to its 2% target. Meanwhile, President Donald Trump warned Iran would “get a beating” after an attack on a US military base in Jordan, fueling renewed geopolitical tensions. Gold prices rallied after the Fed’s decision
US stocks closed sharply lower on Wednesday as investors reacted negatively to the Federal Reserve’s decision to leave interest rates unchanged, while rising Treasury yields and renewed concerns over inflation weighed on market sentiment. The Dow Jones Industrial Average fell 1,152 points, or 2.2%, marking its biggest one-day decline since April 2025. The S&P 500
The US Federal Reserve left interest rates unchanged on Wednesday in one of its most closely watched policy decisions in years, even as three policymakers broke ranks to call for another rate increase, underscoring growing divisions inside the central bank over the path of inflation. The Federal Open Market Committee voted 9-3 to keep the
Meta Platforms (META) shares are slipping in extended hours on Wednesday as investors react to a messy Q2 earnings release that reignited aggressive spending fears. The giant’s revenue reached $60.80 billion – up a better-than-expected 28% year-on-year – but its per-share profit at $6.18 failed to meet consensus estimates. Net income came under pressure as
Microsoft exceeded Wall Street expectations for its fiscal fourth quarter as stronger-than-expected Azure cloud growth and rising adoption of its artificial intelligence products helped ease investor concerns over the company’s massive spending on AI infrastructure. Shares of Microsoft MSFT rose about 3.5% in extended trading after the results were released, with investors responding positively to
Qualcomm (QCOM) shares are inching lower in extended hours after the company reported fiscal Q3 results that reflected persistent semiconductor supply constraints. The company based out of San Diego, CA earned $2.21 per share in its third financial quarter, less than $2.23 that analysts had called for, as net income tumbled 25% year-on-year to $2
Boeing (BA) stock is extending gains on Tuesday morning even though the airplane maker posted a wider-than-expected loss for its fiscal second quarter (Q2). Investors are cheering BA mostly because the bottom-line weakness did not disrupt management’s full-year outlook for up to $3 billion in free cash flow. More importantly, CEO Kelly Ortberg told CNBC
Palantir Technologies PLTR shares plunged about 9% on Tuesday after gaining roughly 5% in the previous session, as investors locked in profits and reassessed risks ahead of the company’s second-quarter earnings report due on Aug. 3. The 5% bump had come after Oppenheimer reaffirmed its Outperform rating and maintained a $200 price target ahead of
Nvidia shares traded little changed on Tuesday after recovering from early losses, although the stock remained below the psychologically important $200 level. Investors looked to balance an increasingly attractive valuation against concerns over artificial intelligence financing and upcoming Big Tech earnings. The stock had fallen sharply in the previous session, losing 5% and surrendering its
CrowdStrike CRWD shares gained about 1.1% in trading on Tuesday after receiving fresh support from Wall Street, with Loop Capital initiating coverage on the cybersecurity company with a Buy rating and Cantor Fitzgerald reiterating its bullish stance. Loop Capital analyst Yun Kim assigned a $230 price target, implying roughly 27% upside from Monday’s closing price.