American Express just posted a 31% jump in quarterly profit and raised its forecast for the year. Then it announced it’s cutting about 5% of its workforce. If that sounds contradictory, welcome to corporate America in 2026 — where record earnings and pink slips arrive in the same press release. The amex job cuts story … Read more
Nasdaq tech selloff deepened on Thursday, October 22, as investors who had spent months cheering the artificial intelligence boom suddenly started asking a much harder question: who pays for all of this, and when does it start paying back? The Nasdaq Composite fell 2.6%, losing 694 points to close at 26,008.86. It was the technology-heavy … Read more
Meta Platforms just delivered one of the strangest earnings reports of the season: revenue of $64.6 billion, up 26% from $51.24 billion a year earlier and above the roughly $63.3 billion expected — paired with net income of only $9.86 billion because a single roughly $9.89 billion legal charge ate almost everything. The stock initially … Read more
The September CPI report came in hotter than anyone wanted. Inflation ran at 3.7% year over year through September, the Labor Department said on October 14 — a touch above what economists expected, and a fresh reminder that the fight against rising prices isn’t over yet. But investors didn’t just worry about the Federal Reserve … Read more
By late Monday afternoon, the mood on Wall Street had shifted ahead of this week’s Fed rate decision. The tech stocks that have been beaten down for weeks suddenly found their footing, the Nasdaq climbed, and traders started doing the thing they always do before a Fed meeting: trying to read the future in the … Read more
AI debt fears just gave Wall Street its ugliest week in four months. The Nasdaq Composite tumbled roughly 2.5% on Friday, October 16, dragging its weekly loss to nearly 5% — its worst week since June. Ten days earlier, the same index sat at a record high. At the center of the panic: CoreWeave, the … Read more
Wednesday’s hot CPI inflation report landed like a slap. September prices rose 3.7% from a year earlier — hotter than August’s 3.4%, hotter than the 3.6% economists were expecting — and Wall Street didn’t take it well. The Nasdaq sank 1.88%, the S&P 500 gave up 1.11%, and a handful of high-flying AI stocks got … Read more
Wall Street got the CPI inflation report it didn’t want on Wednesday. Core inflation printed 2.6% for September — just a tenth of a point above the 2.5% economists polled by Reuters had expected, but enough to flip the interest-rate script. Stocks opened lower across the board, bond yields jumped, and traders started pricing in … Read more
Shares of Fannie Mae and Freddie Mac cratered on Monday, and the Fannie Mae Freddie Mac plunge was one of the ugliest single-day moves either stock has seen all year. Fannie Mae tumbled 9.4% while Freddie Mac sank 12% after Mizuho downgraded both companies and slashed its price targets roughly in half. It wasn’t just … Read more
The S&P 500 record high headlines Wall Street’s climb. On Tuesday, October 6, the S&P 500 and Nasdaq Composite both closed at all-time highs, pushing through crude above $100 a barrel, Treasury yields near a 25-year peak, and questions about whether the Fed is done raising rates. The driver, as it has been for two … Read more
