US homebuilder stocks remain in focus after an Evercore ISI analyst, Stephen Kim, downgraded six of them, citing near-term headwinds despite the sector posting robust profitability and capital returns. According to him, the policy shifts could hurt valuations. “It’s unfortunate for the homebuilders,” he told CNBC, pointing to government efforts that may inadvertently pressure sector
Loading
56President Donald Trump secured a historic peace deal between Israel and Hamas this week that will end the war in Gaza and return the hostages, two years after the terrorist network attacked Israel Oct. 7, 2023 — all while the U.S. government remains in a shutdown due to a stalemate in the Senate. The president
35HONG KONG — China outlined new curbs on exports of rare earths and related technologies on Thursday, extending controls over use of the elements critical for many high-tech and military products ahead of a meeting in about three weeks between President Donald Trump and Chinese leader Xi Jinping. The regulations announced by the Ministry of
35Nvidia stock (NASDAQ: NVDA) skyrocketed to a new all-time high on Friday, driven by broader momentum in the semiconductor sector and recent upgrades from several analysts. The shares were trading at $195.62 at press time, which is around 44.86% upside from its year-ago levels. The latest stock climb came amid heightened excitement over its next-level
34Publicly, the White House says the latest strikes in the Caribbean are aimed at cartel infrastructure. Privately, some analysts suspect the campaign is calibrated to do something else: weaken longtime U.S. foe Nicolás Maduro’s grip on power. President Donald Trump is ramping up pressure on the Venezuelan regime, striking four boats in the Caribbean Sea
36Shares of AZZ Inc. fell on Thursday after the company reported lower-than-expected fiscal second-quarter results, with sales pressured by weak demand across several of its key end markets. The stock declined 12.1% to intraday low of $92.98, through the stock has regained some of the losses, trading at $101.30 at the time of writing. The
31A federal judge on Tuesday blocked the Trump administration from forcing recipients of federal teen pregnancy prevention grants to follow new rules targeting ‘radical indoctrination’ and ‘gender ideology.’ U.S. District Judge Beryl Howell, an appointee of former President Barack Obama, said President Donald Trump’s order was ‘motivated solely by political concerns, devoid of any considered
42The SPDR S&P 500 Trust (SPY) ETF has continued to shed assets this year, making it the worst-performing in Wall Street. It has lost over $32 billion in assets, while the Vanguard S&P 500 (VOO) has added over $86 billion. BlackRock’s IVV ETF has added over $28 billion in assets. SPY ETF has been overtaken
37Former FBI Director James Comey pleaded not guilty on charges of alleged false statements and obstruction of congress during his first court appearance in Virginia on Wednesday. The former FBI director appeared at 10 a.m. Eastern Time in the Albert V. Bryan United States Courthouse in the Eastern District of Virginia. Comey’s wife, Patrice, and
39The newly formed media corporation Paramount Skydance has acquired The Free Press, an online news and commentary outlet co-founded by Bari Weiss, who will join CBS News as editor-in-chief. Weiss launched The Free Press in 2021 with her wife, Nellie Bowles, and her sister, Suzy Weiss. They have presented the publication as a heterodox alternative
