“Liberation Day” was not as advertised. Last week, the U.S. president set a baseline 10% tariff on all trading partners. Its tariffs on Vietnam (VNM) and China are especially damaging to global trade. In response, the Nasdaq (QQQ) lost 9.87% last week, more than the S&P 500 (IVV) which dropped by 9.07%. The steep drop … Read more
A gleaming new data center sits less than half a mile from the electric substation where a fire plunged Heathrow Airport into darkness last week. The data center’s own power was also cut that day. But no one who relied on it would have noticed, thanks to a bank of batteries and backup generators designed … Read more
Stock markets once again proved that they are pricing in problems ahead. On Tuesday, the Conference Board’s Consumer Confidence Index reported a significant decline. Tariff threats, which lead to an increasingly isolated U.S., hurt sentiment. The index read was 98.3, down from 105 in January. Economists expected a 102.5 reading. The confidence reading … Read more
Celanese (CE) lost 21.46% of its value on Wednesday after posting fourth-quarter results the day before. The firm posted a revenue decline of 7.8% Y/Y, to $2.37 billion. Celanese is near a decade low after posting a loss and issuing weak guidance. Losses topped $1.91 billion in Q4, compared to a $701 million … Read more
Just like after its last quarter, AppLovin (APP) shares jumped after the firm posted quarterly earnings. APP stock added 32.73% last week. The company posted a 43.7% Y/Y jump in revenue, to $1.37 billion. GAAP EPS was $1.73, easily beating Wall Street’s estimates by nearly $0.50. The firm spent $500 million to retire … Read more
The artificial intelligence bubble for speculative stocks popped. While Nvidia (NVDA) is the exception to a sell-off for AI stocks, its sale of SoundHound AI (SOUN) sent the stock down by 28.1% last Friday. Nvidia filed a 13-F that indicated the firm closed its position on SoundHound AI, Nano-X (NNOX), and Serve Robotics … Read more
After markets closed, Cisco Systems (CSCO) added 5% to its stock price. CSCO stock should rise this morning after posting strong results. The telecom giant reported revenue of $13.99 billion, up by 9.4% Y/Y. Revenue guidance of up to $14.1 billion for FY 2025 is above Wall Street’s estimates. In addition, Cisco increased … Read more
The calm weekend was followed by a Monday massacre for bitcoin as the asset plunged by seven grand within an hour or so. Expectedly, the altcoins have it even worse, with massive price drops from the likes of DOGE, ADA, XRP, SOL, and many others. BTC Dumps by $7K Last Monday began somewhat similarly to … Read more