Retailer Revolve announces partnership with Donatella Versace
Retailer Revolve announced on Monday a partnership with design icon Donatella Versace to create a new beauty and fashion business aimed at young consumers, according to a press release.
Business
Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat
A 67-year-old woman died after a suspected jump from Ting Kau Bridge early on Tuesday morning.
Stocks Settle Sharply Higher as Crude Prices Plunge and Chipmakers Soar
The S&P 500 Index ($SPX) (SPY) closed up by +1.49% on Monday, the Dow Jones Industrial Average ($DOWI) (DIA) closed up by +0.71%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.83%. December E-mini S&P futures (ESZ…
AT&T’s stock looks like the smartest bet in the wireless sector, analyst says
AT&T was not actually acquired by a company called Game of Thrones Corp. earlier this year, though consumers could be forgiven for wondering. AT&T cell phone stores across the land seemed to have been taken over by a va…
Hawkish Fed Comments Boost the Dollar
The dollar index (DXY00) rose by +0.20% on Monday. The dollar moved higher on Monday amid hawkish Fed comments. Chicago Fed President Austan Goolsbee and St. Louis Fed President Alberto Musalem said the Fed may have to …
Paramount and state AGs settle lawsuit, allowing Warner Bros. merger to proceed
Paramount Skydance's $110 billion merger with Warner Bros. Discovery will move forward as the company settled Monday with a group of state attorneys general that sought to block the deal on antitrust grounds.
Crude Prices Retreat on Hopes Middle East Energy Exports to Recover
October WTI crude oil (CLV26) closed down -1.61 (-1.58%) on Friday, and October RBOB gasoline (RBV26) closed up +0.0203 (+0.58%).
Trump says DOJ will rein in AI 'if we have to'
President Donald Trump said Monday that the Department of Justice and other U.S. law enforcement agencies will rein in risks associated with artificial intelligence "if we have to."
AMD hits $1 trillion market cap for the first time as stock rides 5-day rally
Advanced Micro Devices stock surged 9% on Monday, pushing shares to a record high and topping a $1 trillion market cap benchmark for the first time.
Meta’s stock is enjoying its best month in 13 years thanks to the company’s hot new AI assistant
4 Stocks to Buy Before They Bounce Back Plus, stocks we do and don’t like after earnings. David Sekera, CFA and Susan Dziubinski
Stock boom is fueling a ‘retirement party,’ economists say — what it means for workers
Workers age 55 and older are leaving the labor force at a rapid pace, government data shows, a trend that coincides with ballooning stock wealth fueled by euphoria over artificial intelligence.
White House TV pool won't cover Trump after press ban: CNN
The White House television press pool that covers events by President Donald Trump on a rotating basis will stop covering those events because of the White House's ban on CNN from acting as a member of that five-member …
Eli Lilly CEO tells CNBC one-third of new GLP-1 pill patients are taking Foundayo, as drugmaker ramps up production
Eli Lilly CEO Dave Ricks told CNBC on Monday that one-third of new GLP-1 pill patients are taking the drugmaker's Foundayo, as the company tries to catch up to a lead in the space established by rival Novo.
Stocks and Bonds Climb as Slumping Crude Prices Ease Inflation Risks
The S&P 500 Index ($SPX) (SPY) is up by +0.93% today, the Dow Jones Industrial Average ($DOWI) (DIA) is up by +0.39%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.97%. December E-mini S&P futures (ESZ26) are up +1.00…
Dollar Gains and Gold Falls on Hawkish Fed Comments
The dollar index (DXY00) on Friday rose by +0.27% and posted a fresh 2.75-month high. Hawkish comments on Friday from Kansas City Fed President Jeff Schmid, Dallas Fed President Lorie Logan, and Cleveland Fed President …
Trump admin won't give AI leaders a 'liability shield,' Bessent tells CNBC
Artificial intelligence developers "need to take responsibility for themselves" instead of expecting the federal government to give them a "liability shield," Treasury Secretary Scott Bessent told CNBC on Monday.
Nasdaq’s AI Boom Is Expensive — But This Still Isn’t Dot-Com 2.0
One of the consistent themes of this newsletter is how the stock market is increasingly disconnected from underlying economic activity. In the Number Go Up Rule, I traced how we increasingly run everything to ensure tha…
Earnings Mean Reversion: When Estimates Snap Back
Consensus earnings estimates now sit close to 50% above trend, and that gap is exactly where an earnings mean reversion tends to begin.
FAA halts flights to Newark, Philadelphia, New York because of equipment problem
An equipment outage on Monday delayed hundreds of flights bound for Newark, New Jersey, and Philadelphia and forced close to 70 planes to divert to other airports. As of 1 p.m. ET, the disruptions had spread to New York…
Cotton Bulls Head into the Weekend with Their Tails Tucked
Cotton futures were down 79 to 103 points across the front months on Friday, as December was down 491 points on the week. Crude oil was back down $2.38 per barrel on the session, with the US dollar index down $0.040.
Trump to be sued by MS NOW, CNN, Politico to reverse White House ban
MS NOW, CNN and Politico sued President Donald Trump on Monday morning, seeking to reverse his total ban on those three media outlets from the White House.
‘She says it’s just money’: My friend pays for everything. I should be grateful, but I can’t stand her anymore.
‘She says it’s just money’: My friend pays for everything. I should be grateful, but I can’t stand her anymore. “On each of these weekends away, she’s probably spending $500.” Read at source
Nissan eyes increasing U.S. production as new Rogue hybrid launches
Nissan Motor is looking to increase its U.S. production as it launches the 2027 Rogue crossover, including with a new hybrid model that the company views as a crucial offering for American consumers.
Novo Nordisk’s stock tumbles as doubts persist about Ozempic maker’s goals for 2030
The weight-loss-drug manufacturer failed to excite investors hoping for a turnaround.