Billionaire investor Ron Baron said he’s holding on to his position in Elon Musk ‘s SpaceX for the rest of his life. “I think that we’re going to hold that for another probably 10 years in SpaceX at least,” Baron told attendees at the Morningstar Investment Conference in Chicago. “And I don’t think, in SpaceX,…
Check out the companies making headlines before the bell. Nike — Shares of the sneaker giant jumped 10% after Nike posted fiscal fourth-quarter results that beat expectations and said it expects profit and sales declines to moderate in the future. Nike said it has already taken its biggest financial hit from its turnaround efforts, and…
Opening calls Good morning from London. European equities look set to extend yesterday’s gains at the open on Friday. Futures tied to the FTSE 100 are marginally higher, while those tied to Germany’s DAX and France’s CAC 40 indexes are up by 0.8% and 0.6%, respectively. It comes after the Trump administration said the July…
Traders work at the New York Stock Exchange on June 23, 2025. NYSE Futures tied to the S&P 500 and the Nasdaq 100 hit record highs Friday, surpassing all-time intraday highs and mounting a stunning comeback from the lows set in April. This comes ahead of a data deluge, including inflation numbers, with the market…
Check out the companies making headlines in after-hours trading: Nike — The athletic retailer fell 2%. While Nike beat expectations on the top and bottom lines in the fiscal fourth quarter, the company said sales dropped 12% from the same period a year prior. CorMedix — The biopharmaceutical stock tumbled 10% after announcing a common…
The first domino has fallen in the Trump administration’s bid to loosen regulations on Wall Street’s biggest banks. The Federal Reserve proposed changes Wednesday that would lower capital requirements for large U.S banks that were implemented in the years following the 2008 financial crisis. Tweaks to these rules, known as the enhanced supplementary leverage ratio,…
The U.S. stock market is underperforming the rest of the world this year but that doesn’t mean American exceptionalism is dead, according to Apollo Global CEO Marc Rowan. The S & P 500 is a little more than 4% higher in 2025, underperforming other overseas markets that have surged this year as investors diversified away…
Check out the companies making the biggest moves midday: Micron Technology — The chipmaker slipped nearly 2% even after its fiscal third-quarter financial results topped expectations . Micron’s adjusted earnings were $1.91 per share, versus the $1.60 expected from analysts polled by LSEG. Revenue was $9.3 billion, above the $8.87 billion consensus estimate. Core Scientific…
People check out an electric SUV Xiaomi YU7 at a Xiaomi Store in Hangzhou in east China’s Zhejiang province Thursday, June 26, 2025. Feature China | Future Publishing | Getty Images BEIJING — Chinese smartphone company Xiaomi is taking aim straight at rival Tesla with a new electric SUV. Xiaomi’s luxury YU7 SUV will start…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 25, 2025. Jeenah Moon | Reuters Stock futures ticked higher early Thursday as the S&P 500 remains within striking distance of its all-time high. S&P 500 futures rose 0.21%, and the Nasdaq 100 futures climbed 0.31%. Futures…
