Articles by Daniel Marsh
Meta Slumps 5.5% as Hawkish Fed, AI Executive Departure Cloud Outlook
Meta shares plunged 5.5% on Wednesday, dragged down by a hawkish Fed signal and the departure of a top AI executive, raising questions about its AI spending.
Auburn's Ikeda's Wins USA Today Best Pie Shop, Boosts Local Retail
Ikeda's California Country Market wins USA Today's Best Pie Shop award, gaining national attention and a boost in customer traffic during peak summer travel season.
Fed Stays Pat on Rates, Signals 2026 Hike; Warsh's Hawkish Debut Shakes Markets
The Fed held rates steady at 3.50%-3.75% in Kevin Warsh's debut as chair, with a hawkish dot plot projecting a 2026 rate hike to 3.8% and higher inflation forecasts. The S&P 500 fell 1.21% and 2-year Treasury yields surged 16 bps.
ServiceNow Plunges as Software Stocks Sink on Hawkish Fed Outlook
ServiceNow shares plunged nearly 6% as software stocks sank on hawkish Fed rate concerns, despite a price target hike to $130 from Benchmark.
Ford Drops 3.1% as Fed Hawkishness, China Software Rule Pressure Auto Sector
Ford shares dropped 3.1% to $13.96 after the Fed hinted at rate hikes, compounding weak May sales and a China software license issue for the Lincoln Nautilus.
Rocket Shares Slide 6% as Fed Rate Hold, Downgrade Pressure Mortgage Lenders
Rocket Companies shares dropped 6% as the Federal Reserve kept rates unchanged and BTIG downgraded the stock, highlighting ongoing headwinds for mortgage lenders.
Nebius Shares Leap 8.4% on Eigen AI Acquisition, Nasdaq-100 Inclusion Looms
Nebius shares surged 8.4% to $287.49 after completing the Eigen AI acquisition, as the company gears up for Nasdaq-100 inclusion on June 22, which could attract index-fund demand.




