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Hertz (HTZ) shares tumbled 11% Monday morning, giving back gains from last week’s rally sparked by Bill Ackman’s hedge fund taking a significant position in the rental car giant. Ackman, the CEO of Pershing Square Capital Management, shared on social media that his company had built a 19.8% stake in Hertz after accumulating shares since late last year. Hertz stock surged on Wednesday after Pershing Square disclosed its 12.7 million share stake, fueling investor speculation about the high-profile fund's view of the struggling company. The rental company reported a loss...

America's largest homebuilder, D.R. Horton (DHI), warned on Thursday that its key spring selling season has gotten off to a sluggish start as elevated mortgage rates and growing economic uncertainty continue to erode consumer confidence. "This year's spring selling season started slower than expected," D.R. Horton CEO Paul Romanowski told analysts and investors on the company's second quarter earnings call. "We have been more cautious due to continued affordability constraints and declining consumer confidence." The homebuilder reported a 15% year-over-year decline in net sales orders for its fiscal second quarter,...

US stock futures traded flat on the heels of a bruising day on Wall Street that underscored fears over the economic impact of President Trump's tariffs. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) held steady. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) ticked up 0.1%. CBOT - Delayed Quote • USD As of 8:05:09 PM EDT. Market Open. YM=F ES=F NQ=F Stocks extended their slide on Wednesday as Powell, speaking in Chicago, issued his starkest warning yet on how tariffs could...

US stock futures traded flat on the heels of a bruising day on Wall Street that underscored fears over the economic impact of President Trump's tariffs. Futures attached to the Dow Jones Industrial Average (YM=F) rose 0.4%. The benchmark S&P 500 (ES=F) gained 0.5%. Futures for the tech-heavy Nasdaq Composite (NQ=F) ticked up 0.6%. CBOT - Delayed Quote • USD As of 12:09:54 AM EDT. Market Open. YM=F ES=F NQ=F Stocks extended their slide on Wednesday as Powell, speaking in Chicago, issued his starkest warning yet on how tariffs could...

US stock futures traded flat on the heels of a bruising day on Wall Street that underscored fears over the economic impact of President Trump's tariffs. Futures attached to the Dow Jones Industrial Average (YM=F) rose 0.4%. The benchmark S&P 500 (ES=F) gained 0.5%. Futures for the tech-heavy Nasdaq Composite (NQ=F) ticked up 0.6%. CBOT - Delayed Quote • USD As of 2:11:54 AM EDT. Market Open. YM=F ES=F NQ=F Stocks extended their slide on Wednesday as Powell, speaking in Chicago, issued his starkest warning yet on how tariffs could...

Wall Street economists are tweaking their GDP growth estimates as new data trickles in, with Trump's tariff whipsaw still firmly in the background. The Atlanta Fed's GDPNow tool, which uses already released data to forecast the quarterly pace of economic growth, now projects that GDP fell by 2.2% in the first three months of the year, an improvement from its prior April 9 projection of negative 2.4% growth. The update follows Wednesday's retail sales data, which rose 1.4% in March, matching forecasts. The control group in the release, which excludes...

Nvidia Corporation (NVDA) Stock in the beleaguered megacap AI chip maker Nvidia has taken another hit in after-hours trading following the news that the US government has restricted the exports of H20 chips to China. The market is a huge buyer of Nvidia products, with the company warning of to a $5.5 billion hit to the company's bottom line. Nvidia dropped over 6% in extended trading. United Airlines Holdings, Inc. (UAL) United Airlines stock soared after beating Q1 revenue expectations in an early report for the major airline. Earnings estimates...

US stock futures fell on Wednesday after Nvidia (NVDA) revealed costly new curbs on chip exports to China, and investors grappled with uncertainty over President Trump's trade policy. Futures attached to the Dow Jones Industrial Average (YM=F) slumped 0.2%. Futures attached to the benchmark S&P 500 (ES=F) sank 0.7%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) plummeted 1.3%. CBOT - Delayed Quote • USD As of 5:49:55 GMT-4. Market open. YM=F ES=F NQ=F Nvidia's (NVDA) stock took a hit in premarket trading on Wednesday after the company revealed that...

Nvidia Corporation (NVDA) Stock in the beleaguered megacap AI chip maker Nvidia has taken another hit in after-hours trading following the news that the US government has restricted the exports of H20 chips to China. The market is a huge buyer of Nvidia products with the reduction leading to a $5.5 billion hit to the company's bottom line. Nvidia dropped over 6% in extended trading. United Airlines Holdings, Inc (UAL) United Airlines stock soared after beating Q1 revenue expectations in an early report for the major airline. Earnings estimates sit...

Investors' consensus view of the macroeconomy has flipped on its head in the past month. In the latest Bank of America Fund Managers Survey released on Tuesday, 49% of respondents said they expect a "hard landing" for the global economy — where economic growth deteriorates before inflation fully retreats — in the next 12 months. Last month, just 11% of respondents had expected this outcome. Conversely, a "soft landing" — where inflation falls to the Fed's 2% target without the economy tipping into recession — is no longer the consensus....