Top Financial News provided by CBS Marketwatch©
- Nike says turnaround plans are ‘in the middle innings,’ but investor worries remainNike Inc. reported fiscal second-quarter results that beat Wall Street’s expectations, but its margins shrank, and management said the sneaker and athletic-gear giant was “in the middle innings” of its comeback plan.
- Uber’s stock is almost historically cheap. Are robotaxis an existential threat?Bernstein analysts said Uber investors have been overly fearful of the threat posed by self-driving cars, particularly if autonomous-vehicle technology gets widely licensed.
- FedEx calls for more profit this year as this key business turns aroundFedEx gives investors more reason to believe its overhaul is taking hold.
- Oracle’s stock is rising. Why TikTok’s U.S. deal could be good news for the tech company.A memo from TikTok’s top executive reportedly says that the social-media phenomenon inked deals to create a U.S. joint venture, with Oracle’s cloud business as its backbone.
- ‘I’m terrified I’ll be homeless when my husband, 76, stops working’: We only have $100K. What happens to people like us?“I’m sick of reading how many millions everyone has.”
- Marijuana stocks sell off as Trump signs executive order to reclassify cannabisPresident Trump on Thursday signed an executive order asking the U.S. government to reschedule cannabis — a move that analysts and industry executives called the most significant federal reform on the substance in decades.
- Micron just had its Nvidia moment. What comes next for the stock?Micron’s dramatic beat has analysts feeling upbeat about the company’s ability to be a huge beneficiary of the AI boom.
- My mother ghosted me after my father died. Is she stealing his money?“No phone calls, no holiday cards, no explanation, no anything.”
- ‘He never asks for anything’: I’m 61 with a $1.5 million 401(k). My girlfriend says I do too much for my son, 28. Is she right?“I recently gave him $20,000 for a newer car and had him finance the rest.”
- ‘I don’t know how much my wife earns’: I’m 63 with $6.4 million in stocks, mostly Apple. Will I get punished on taxes?“Each of our properties are worth over $1 million.”
Nike Inc. reported fiscal second-quarter results that beat Wall Street’s expectations, but its margins shrank, and management said the sneaker and athletic-gear giant was “in the middle innings” of its comeback plan.
Bernstein analysts said Uber investors have been overly fearful of the threat posed by self-driving cars, particularly if autonomous-vehicle technology gets widely licensed.
FedEx gives investors more reason to believe its overhaul is taking hold.
A memo from TikTok’s top executive reportedly says that the social-media phenomenon inked deals to create a U.S. joint venture, with Oracle’s cloud business as its backbone.
“I’m sick of reading how many millions everyone has.”
President Trump on Thursday signed an executive order asking the U.S. government to reschedule cannabis — a move that analysts and industry executives called the most significant federal reform on the substance in decades.
Micron’s dramatic beat has analysts feeling upbeat about the company’s ability to be a huge beneficiary of the AI boom.
“No phone calls, no holiday cards, no explanation, no anything.”
“I recently gave him $20,000 for a newer car and had him finance the rest.”
“Each of our properties are worth over $1 million.”
Wall Street Journal Market News©
- Stocks Sink in Broad AI Rout Sparked by China's DeepSeekU.S. stocks were mostly lower, with the Nasdaq leading declines as makers of AI infrastructure suffered steep falls, many in the double digits. Nvidia was down 16%.
- Comex Gold, Silver Settle LowerGold settled 1.4% lower, down two of the past three sessions, and silver fell 2.5%, down three of the past four sessions.
- DeepSeek Won't Sink U.S. AI TitansPanic fueling the selloff of Nvidia, Broadcom and other tech giants is overblown.
- Financial Services Roundup: Market TalkGain insight on Experian, SoFi Technologies and more in the latest Market Talks covering Financial Services.
- Arabica Coffee Prices Hit Record on U.S., Colombia Tariff SpatArabica coffee prices hit a record level, as traders digested the withdrawal of President Trump’s threats to impose tariffs and economic sanctions on Colombia.
- Swiss franc, Japanese yen Rise as DeepSeek News Boosts Safe HavensThe Yen and Swiss Franc were stronger against the dollar as investors sought safe havens after Chinese start-up DeepSeek’s new AI model hit U.S. tech stocks.
- Natural Gas Falls on Shifting Weather ForecastsU.S. natural gas futures fell after weekend updates took some of the chill out of early February weather forecasts.
- Building-Products Distributor QXO Launches Hostile Bid for BeaconQXO is taking its offer directly to shareholders after being rebuffed on several occasions.
- Natural-Gas Firm Diversified Energy Strikes Deal for Permian Basin PlayerMaverick Natural Resources has operations in Texas and Oklahoma.
- What's New This Tax Season That Can Save You MoneyThere are some new wrinkles, especially for those who sell things online or bought an EV.
- Chinese Investors With Few Options Turn to DividendsCompanies with good payouts are now the hottest bet in China markets.
- U.S. Treasury Yields Fall But Direction for Long-End Yields Still Seen UpwardThe 10-year U.S. Treasury yield fell and ING said the the long end of the Treasury curve will continue trading at higher yields even as Trump hasn’t delivered anything to shock markets so far.
- Russia's Crude Exports Fairly Stable Despite U.S. Sanctions, Goldman SaysOil edged lower in early trade as Goldman Sachs said the latest round of U.S. sanctions against Russia haven’t had a significant impact on the country’s oil exports.
- The Extra Reward for Owning Stocks Over Bonds Has DisappearedThere is little sign of crimped demand for equities among individual investors, who remain bullish after two years of blockbuster gains.
- Heard on the Street's Stock-Picking SeriesCheck out the stocks Heard on the Street writers favor in their eighth annual stock-picking contest.
- What Will It Take for Home Buyers to Start Asking for a Disaster Discount?The real costs of owning a house in neighborhoods that are vulnerable to flooding and wildfires are becoming clearer.
- Now Wanted in Silicon Valley: Ho-Hum Businesses With Thin Profit MarginsVenture-capital firms are bringing AI and dealmaking to accounting, property management and other unglamorous fields.
- In China, a Cat-and-Mouse Game to Rein In CryptoRecent court cases reveal how middlemen are facilitating a booming trade, eluding a crackdown.
- One House, Three Owners: The Ballooning Cost of the American DreamThe story of home affordability in the U.S. told from a single front porch.
- Trump Adds Fuel to Claims That Big Banks Discriminate Against ConservativesThe president has told Bank of America and JPMorgan Chase to stop cutting conservatives off from doing business.
U.S. stocks were mostly lower, with the Nasdaq leading declines as makers of AI infrastructure suffered steep falls, many in the double digits. Nvidia was down 16%.
Gold settled 1.4% lower, down two of the past three sessions, and silver fell 2.5%, down three of the past four sessions.
Panic fueling the selloff of Nvidia, Broadcom and other tech giants is overblown.
Gain insight on Experian, SoFi Technologies and more in the latest Market Talks covering Financial Services.
Arabica coffee prices hit a record level, as traders digested the withdrawal of President Trump’s threats to impose tariffs and economic sanctions on Colombia.
The Yen and Swiss Franc were stronger against the dollar as investors sought safe havens after Chinese start-up DeepSeek’s new AI model hit U.S. tech stocks.
U.S. natural gas futures fell after weekend updates took some of the chill out of early February weather forecasts.
QXO is taking its offer directly to shareholders after being rebuffed on several occasions.
Maverick Natural Resources has operations in Texas and Oklahoma.
There are some new wrinkles, especially for those who sell things online or bought an EV.
Companies with good payouts are now the hottest bet in China markets.
The 10-year U.S. Treasury yield fell and ING said the the long end of the Treasury curve will continue trading at higher yields even as Trump hasn’t delivered anything to shock markets so far.
Oil edged lower in early trade as Goldman Sachs said the latest round of U.S. sanctions against Russia haven’t had a significant impact on the country’s oil exports.
There is little sign of crimped demand for equities among individual investors, who remain bullish after two years of blockbuster gains.
Check out the stocks Heard on the Street writers favor in their eighth annual stock-picking contest.
The real costs of owning a house in neighborhoods that are vulnerable to flooding and wildfires are becoming clearer.
Venture-capital firms are bringing AI and dealmaking to accounting, property management and other unglamorous fields.
Recent court cases reveal how middlemen are facilitating a booming trade, eluding a crackdown.
The story of home affordability in the U.S. told from a single front porch.
The president has told Bank of America and JPMorgan Chase to stop cutting conservatives off from doing business.
Thursday 