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A high-profile feud between President Donald Trump and billionaire Elon Musk reached a fever pitch on Thursday, triggering a $150 billion-plus wipeout in Tesla (TSLA) shares. The selloff came after Musk slammed Trump’s GOP-backed spending bill, prompting fiery responses from the president and raising concerns over the political risk now tied to one of the world’s most valuable companies. "This is a disaster of epic proportion for Tesla and SpaceX," Ross Gerber, CEO of Gerber Kawasaki Wealth & Investment Management CEO, told Yahoo Finance in reaction to the developments. "And...

Worries on Wall Street of the labor market’s demise may have jumped the gun.After the May nonfarm payrolls report countered worries of a looming labor market downturn for now, a broad stock market rally took hold on Friday.The S&P 500 was up 1%. The Dow rose 400 points, or 1%. The Nasdaq Composite gained 1.3%.“While the market strength in the face of economic, geopolitical, and budget uncertainty is notable, the remarkable calm that has returned to markets is impressive,” writes Mark Hackett, chief market strategist at Nationwide.The CBOE Volatility Index,...

Data analytics specialist Domo's (DOMO) stock took off like a rocket in May, particularly after the company posted the results of its inaugural quarter of fiscal 2026 near the end of the month. Investors piled into the stock, with the bullish momentum getting a little extra fuel with a spate of analyst price target bumps. During the month, Domo's shares surged nearly 71% higher, according to data provided by S&P Global Market Intelligence. A convincing full-year bottom-line guidance beat For its first three weeks, May was actually rather uneventful and unexciting...

CANADA - 2025/05/29: In this photo illustration, the GameStop (Game Stop) logo is seen displayed on ... More a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images Meme stock – GameStop (NYSE:GME) – is set to release its earnings on Tuesday, June 10, 2025. Historically, GameStop's stock has exhibited a favorable one-day return in 55% of cases following earnings announcements over the last five years. The average positive return has been 10.2%, with the highest one-day gain reaching 35.2%. For traders focused on...

The S&P 500 crashed when President Trump unveiled his "Liberation Day" tariffs in early April, but the benchmark index has since staged an astounding recovery. History says President Trump's tariffs could cause a recession, and the S&P 500 has declined by an average of 31% during past recessions. The S&P 500's best days and worst days often occur in clusters, so investors that sit on the sidelines during drawdowns risk missing the rebound. 10 stocks we like better than S&P 500 Index › The S&P 500 (SNPINDEX: ^GSPC) rocketed higher...

US Stock Market Live: Futures on Wall Street are trading with some green after a disappointing session on Thursday. Currently, the Dow futures are up 60 points, while the S&P 500 futures are at the flat line. Nasdaq futures are down 50 points. The Dow Jones fell 100 points yesterday, while Tesla's crash weighed on the other two indices. Watch this space for all the Live updates.US Stock Market Live: Futures on Wall Street are trading with some green after a disappointing session on Thursday. The phone call between US...

Investing Wanan Wanan / Shutterstock.com Published: June 5, 2025 9:36 am Last Updated: June 5, 2025 4:16 pm China’s President Xi and America’s President Trump held a phone call to discuss trade matters this morning. Brown-Forman, an alcohol maker whose products may be targeted by other countries’ retaliatory tariffs, missed earnings this morning. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don’t...

Stocks struggled for direction Thursday as market participants awaited more details on tariff negotiations between the U.S. and its trading partners.On Wednesday, President Donald Trump and Chinese President Xi Jinping held a roughly 90-minute phone call to discuss trade between the two countries.In a post on Truth Social, Trump said it was "a very good talk," and the two "straightened out" some complexities centered on "rare earths" and "other things." Subscribe to Kiplinger’s Personal Finance Be a smarter, better informed investor. Save up to 74% Sign up for Kiplinger’s Free...

Investing in the stock market as a Canadian, especially if you are new to investing, can be an overwhelming experience. Between balancing growth and income stocks and diversifying your portfolio, there’s plenty to be concerned about. Fortunately, it’s not as hard as it sounds. If anything, starting to invest in the stock market as a Canadian can be a very rewarding experience over the long term. And if you have just $5,000 to start your portfolio, here’s a handful of stocks to get you going. Start with a defensive back...