The Daily Editor

The US stock market showcased a broadly mixed reaction to the FOMC minutes and new tensions betweethe Nasdaqnd Iran. Overnight, the Dow Jones collapsed almost 600 points and the S&P 500 index followed the bearish trend, but the tech-heavy index, Nasdaq Composite, surged owing to fresh buying in chip stocks. FOMC minutes indicate a split in opinions of Fed members regarding interest rates.

 » Read more about: US Market Reaction To FOMC Minutes, US-Iran Ceasefire Collapse: Why Dow Jones Crashed 855 Pts & Nasdaq Gained?  »

Key Points

• Rumors that Michael Burry may be shorting Palantir caused a sell-off today.

• The rumors have not been confirmed.

• Palantir doesn’t look very much like other “AI stocks.”

Palantir Technologies (NASDAQ: PLTR) stock tumbled 4% through 12:45 p.m.

 » Read more about: Why Palantir Technologies Stock Just Dropped  »

Key Points

• He feels it has upside approaching 60%.

• In his view, recent selloffs have made it an obvious bargain.

IMAX (NYSE: IMAX) stock was something of a star entertainer on Hump Day. The large-format cinema company posted a relatively large gain that trading session;

 » Read more about: Why IMAX Stock Trounced the Market Today  »

As we prepare to mark the 250th anniversary of the United States, we are taking a look back at some of the defining moments that shaped the American economy and how the choices made throughout our history shape the economy we live in now.

1776 to 1826

We begin with money itself,

 » Read more about: A timeline: 250 years of the U.S. economy  »

 » Read more about: Core Laboratories, Liberty Energy, and Valaris Shares Skyrocket, What You Need To Know  »

 » Read more about: US stock market today: Dow, S&P 500 futures drop up to 1% as oil rally and Middle East risks hit sentiment  »

US markets on Wall Street had a mixed session on Wednesday, July 8, where all indices began the trading session with losses, but the Nasdaq ended the session with gains.

The Dow Jones, at the day’s low, was down nearly 850 points, but recovered some of those losses before close, to end the session with losses of 570 points.

 » Read more about: Explained – Why the Dow fell 600 points on Wednesday but Nasdaq ended with gains  »

 » Read more about: Dow Ends Lower To Record Worst Day In Nearly A Month As US-Iran Jitters Push Oil Prices — TSLA, NVDA, BE, AAPL, WBD In Focus  »

 » Read more about: How much should you invest in mutual funds? Experts say there’s no magic number  »

When Warren Buffett handed the reins to Greg Abel at the end of 2025, the big question was what Berkshire Hathaway (BRKB 1.70%)(BRKA 1.02%) would do with its enormous pile of cash. We’re starting to get an answer,

 » Read more about: Warren Buffett's Successor Greg Abel Has Poured More Than $20 Billion of Berkshire Hathaway's Cash Into Alphabet. This May Be Why.  »