Federal Reserve chairman Jerome Powell recently acknowledged growing concerns that artificial intelligence (AI) could lead to widespread job losses, calling it a “real and difficult issue” for the US economy. Speaking at a press conference after the Fed’s latest policy meeting,
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Lincoln National (LNC) posted net profit margins of 5.8%, a steep drop from 12% last year, as earnings declined by 5.4% per year over the past five years. Despite contraction in profitability, the company’s earnings are forecast to grow at 16.6% annually, well ahead of the US market norm. Its revenue is projected to increase at a slower 3.5% per year.
On Thursday, Apple Inc. (NASDAQ:AAPL) CEO Tim Cook said the company set a record for iPhone upgrades in September, noting that demand for its latest iPhone 17 lineup is so strong that several models remain constrained.
By STAN CHOE, AP Business Writer
NEW YORK (AP) — The U.S. stock market sank from its record heights on Thursday, as Wall Street sifted through mixed developments on everything from the U.S.-China trade war to profits for Big Tech behemoths.
The S&P 500 fell 1% and pulled further from its all-time high set on Tuesday.
There are two big reasons billionaire hedge fund managers are loading up on this ETF.
Given the meteoric rise of Bitcoin (BTC 0.41%) during the past decade, it’s perhaps no surprise that billionaire investors are starting to add it to their portfolios in size.
Cameco isn’t just a miner. It’s the world’s largest publicly traded uranium producer, but its reach extends far beyond extraction.
The company refines uranium, manufactures reactor fuel rods, and even owns 49% of Westinghouse Electric, one of the few firms that designs and builds nuclear reactors. This level of integration is rare in the commodity world,
» Read more about: 1 Stock That Is The Power Behind Nuclear Revival? »
US stock futures ticked higher Friday morning, lifted by upbeat quarterly results from Apple and Amazon that capped a pivotal week for Big Tech.
S&P 500 futures (ES=F) advanced 0.6%, while those on the tech-heavy Nasdaq 100 (NQ=F) jumped 1.1%. Futures linked to the Dow Jones Industrial Average (YM=F),
The S&P 500 is experiencing one of its most powerful runs in modern history, logging its longest streak above its 50-day moving average (50-DMA) in 14 years.
As of Oct.
Talk of a 2025 recession abated this summer, but economists noted a sense of instability among consumers, who were spending less, and among businesses, which were hiring less. Now, with the Federal Reserve pivoting back to interest rate cuts, and with even lower rates expected on the horizon before 2026, talk of a recession is back on the front burner.
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Bursa Malaysia is dominated by large companies, particularly financial institutions and plantation companies, that are majority owned by government-linked institutions, a feature that investment analysts noted dilutes the exchange’s appeal with foreign investors who like markets with high levels of liquidity and robust trading.
Another major challenge facing the stock market is concerns over corporate governance and regulation that industry executives noted has been compromised in the past when alleged transgression of market rules involved politically well-connected companies and stock controlled by government-linked entities.