Latest News
Projected 3.9% Social Security COLA for 2027 May Not Materialize
Social Security's 2027 COLA is projected at 3.9%, but the final figure depends on July-September inflation; rising Medicare premiums could offset gains.
Altria Defies Market Selloff Amid FDA Policy Scrutiny
Altria surged 2.25% to $72.19 on Friday, defying a broad market selloff, as investors assessed Senate scrutiny of FDA vape policy and a June 15 dividend cutoff.
General Mills Bounces 2.95% Amid Market Slide, Yet Risks Remain
General Mills (GIS) jumped 2.95% to $33.15 on Friday as defensive buying emerged during a broad market decline, but the stock remains about 2% below last week's close, with analysts' average target at $31 signaling caution.
Berkshire's $16.8B Bet: Abel's First Big Move as CEO
Berkshire Hathaway shares jumped 1.98% after CEO Greg Abel's first major capital moves: a $6.8 billion Taylor Morrison buyout and a $10 billion Alphabet private placement.
Enphase Energy Plunges 18% Amid Rate Hike Fears
Enphase Energy shares fell 18% Friday, underperforming solar peers as strong jobs data pushed bond yields higher and revived rate hike fears.
Defensive Staples Rally as Tech Tumbles; Coke Jumps 3.5%
Coca-Cola shares jumped 3.46% Friday as a strong jobs report sent tech stocks lower, driving investors into defensive consumer staples. The stock outpaced rivals, with attention on affordability and a potential India listing.
P&G Defies Market Slide: Can the Rally Hold?
P&G surged 4.09% to $146.54 as investors rotated into defensive staples, but shares remain below their 52-week high amid margin headwinds.
Cooper Companies Surges 8.6% Despite Broader Market Selloff, Strategic Review in Focus
Cooper Companies rose 8.6% on Friday to $67.34, outperforming a sharp market decline, as investors focused on better-than-expected quarterly profit and the ongoing strategic review of its CooperSurgical unit.
Chip Rout Wipes Out $1.3 Trillion as AI Trade Stumbles
U.S. chip stocks lost $1.3 trillion on Friday, ending the S&P 500's nine-week rally. A strong jobs report and Broadcom's weak update triggered the worst market day since October, but Goldman Sachs says the AI trade still has room to run.
Meta Shares Sink 5.5% on AI Funding Jitters Despite $31M Institutional Stakes
Meta shares dropped 5.5% on AI spending fears, while SEC filings show Waystone, Eaton, and Fidelis held $31.4 million in Meta at year-end. Analysts maintain a Moderate Buy with a $840.60 target.
S&P 500 Maintains Eligibility Rules; SpaceX IPO Looms
S&P Dow Jones Indices maintains its S&P 500 inclusion rules, while SpaceX's massive IPO could soon become a top ETF holding. Crypto markets show signs of a potential rally.