Jack Dorsey’s Block (XYZ) is once again reminding Wall Street that in fintech, standing still is far riskier than swinging for the fences. The company is cutting more than 4,000 jobs—about 40% of its roughly 10,000‑plus employees—as it rewires the business around…
Wall Street closed Thursday walking a now-familiar tightrope: cheering resilient earnings and AI-fueled innovation while eyeing rising US-Iran tensions and a looming inflation check that could jostle the Federal Reserve’s carefully choreographed exit from peak rates.
Futures Lean Green As Geopolitics Heat…
The coming year in banking looks surprisingly upbeat for savers who are willing to click, compare, and occasionally break up with their branch. Even as the Federal Reserve tiptoes through rate cuts, banks are poised to court deposits with a mix of…
Intuit’s (INTU) latest splash isn’t in fintech, but in construction—where the budget now garners more buzz than its balance sheet. Yes, the $2 billion figure making headlines isn’t another buyback authorization or a Silicon Valley campus remodel: It’s the sticker price for…
U.S. equities ended Wednesday at record or multi-month highs, as investors absorbed the latest government shutdown without significant market disruption. The S&P 500 climbed 0.34% to 6,711.20, while the Dow Jones Industrial Average advanced 0.09% to 46,441.10—marking the Dow’s ninth record close…
U.S. equities closed modestly higher, marking the end of a historically strong September, with the S&P 500 climbing 0.41% to finish near 6,688.46 and the Nasdaq advancing 0.3% to around 22,660. The Dow Jones Industrial Average edged up 0.18% to a record…
Major US indices traded north on Monday with balanced fresh macroeconomic uncertainty with persistent optimism around technology, AI leadership, & pharmaceuticals. The S&P 500 rose 0.26% to 6,661.21, finishing near recent highs with all 11 sectors in positive territory by the closing…
U.S. equities ended a turbulent week with a broad-based rally Friday, buoyed by in-line inflation data and optimism around a September rate cut, although the S&P 500, Dow, Nasdaq, and Russell 2000 indexes all posted modest weekly declines as the bears beat…
The bulls on Wall Street to another punch from the macro picture today as U.S. equities saw a third consecutive day of losses as the S&P 500 declined 0.5% to 6,604.72, the Dow Jones Industrial Average slipped 0.4% to 45,947.32, the Nasdaq…
U.S. equities ended mostly lower as investors weighed Federal Reserve signals and continued sector rotation. The S&P 500 closed at 6,637.97, down 0.28% for the session, reflecting profit-taking in leading technology stocks. The Dow Jones Industrial Average finished at 46,121.28, a drop…
