Banking, Business, Stocks

“Citigroup profit beats estimates as stock trading jumps 23%”

“…Citi’s markets revenue rose 12% to $6 billion in the quarter, surpassing its earlier expectations for a mid-single-digit percentage gain. Equity revenue surged 23%, buoyed by more client activity. Fixed income revenue, a major driver of Citi’s markets business, jumped… Continue Reading…

Economy, Stocks

“Dow surges 2,900 points, S&P 500 posts biggest gain since 2008…”

“The stock market mounted one of its biggest rallies in history after President Donald Trump announced a pause in some of his “reciprocal” tariffs on the globe, causing a market that has been under extreme pressure for the past week… Continue Reading…

Stocks

[Fear Mongering Begins] “Dow craters 800 points, S&P 500 heads for worst drop in 2 years after Trump’s tariff rollout…”

“…The S&P 500 dropped 3.4%, putting it on track for tis worst day since September 2022. The Dow Jones Industrial Average tumbled 814 points, or more than 4%. The Nasdaq Composite slid 3%. Shares of multinational companies tumbled. Nike and Apple dropped 11% and 8%, respectively. Big sellers of imported… Continue Reading…

Stocks

“Is Google at risk of becoming irrelevant? Alphabet’s stock drop draws comparison to Kodak.”

“Since ChatGPT burst onto the scene two and a half years ago, Wall Street has wondered whether it presented a major threat to Google’s search business. And with Alphabet Inc.’s stock now 25% off its highs, a Melius Research analyst… Continue Reading…

Economy, Stocks

“Options Market Focused on Jobs and Inflation Over Tariff Reveal”

“…Implied volatility for S&P 500 Index options is elevated for a couple of particular days in the next two weeks, signaling greater demand for protection against big market swings then. That kink in the volatility curve is bigger for March… Continue Reading…

Business, Stocks

“GameStop shares soar 12% after retailer says it will invest corporate cash in bitcoin…” Shares drop 12% Two Days Later Thus Breaking Even

“…The meme stock jumped 11.7% Wednesday following the news. The announcement confirmed CNBC’s reporting in February of GameStop’s intention to add bitcoin and other cryptocurrencies to its balance sheet… https://www.cnbc.com/2025/03/25/gamestop-says-it-will-add-bitcoin-as-a-treasury-reserve-asset.html “GameStop shares drop 12%, reversing Wednesday’s rally, on planned debt issue to buy bitcoin The… Continue Reading…

Stocks

“U.S. households are more invested in stocks than ever and it’s distorting market valuation, says JPMorgan”

https://www.cnbc.com/2025/03/20/us-households-are-more-invested-in-stocks-than-ever-and-its-distorting-market-valuation-says-jpmorgan.html This article is behind a paywall. From the looks of the title it seems as though some people are mad that the general public is investing in stocks. “Distorting market valuation?” The market value is what people are willing… Continue Reading…

Stocks

“U.S. stock market loses $5 trillion in value in three weeks”

“The S&P 500′s rapid 10% decline from a record high into correction territory has wiped out trillions of dollars in market value. The market value of the S&P 500 at its Feb. 19 peak was $52.06 trillion, according to FactSet. Thursday’s… Continue Reading…

Stocks

“Intel pops 13% as chipmaker taps new CEO, Wall Street backs turnaround effort”

“Intel shares popped more than 13% after announcing Lip-Bu Tan as its new CEO. Wall Street cheered the chipmaker’s attempt to revitalize its business, calling the move a positive for the company. The news brings an end to a tumultuous… Continue Reading…

Stocks

“Tesla stock is still a sell after its 40% plunge, UBS warns”

“…Tesla shares are down 40% year to date and are the worst-performing component of the “Magnificent Seven” stocks — which also include Apple (AAPL), Amazon (AMZN), Nvidia (NVDA), Google (GOOG), Microsoft (MSFT), and Meta (META)…” https://finance.yahoo.com/news/apples-ai-strategy-is-showing-troubling-cracks-150559429.html Buy the dip. (with… Continue Reading…