Thursday Sector Laggards: Precious Metals, Semiconductors
Also lagging the market Thursday are semiconductors shares, down on the day by about 4.7% as a group, led down by AXTI, trading lower by about 12.7% and Kopin, trading lower by about 10.3%.
Business
UnitedHealth Group (UNH) Q2 Earnings and Revenues Surpass Estimates
UnitedHealth Group (UNH) came out with quarterly earnings of $6.14 per share, beating the Zacks Consensus Estimate of $5.92 per share. This compares to earnings of $5.57 per share a year ago. These figures are adjusted …
Who qualifies for the bigger IRS tax break on gas — and how to get the most of it
President Trump has called for a temporary waiver of the federal gas tax, which costs drivers 18.4 cents per gallon.
Soybeans Close with Strength, as Crush Data Exceeds Estimates
Soybeans were up 7 ½ to 11 cents at the Wednesday close. The cmdtyView national average Cash Bean price was up 8 3/4 cents $11.55 1/2. Soymeal futures were $1.50 to $3.70 higher at the close, with Soy Oil futures 16 to …
Nvidia unveils new AI model and expands Japan’s physical AI ecosystem
Nvidia unveiled a new AI model for robots and vision AI agents on Wednesday, deepening its push into the physical AI market in Japan.
Nvidia-backed Fireworks hits $17.5 billion valuation as companies pursue cheaper AI models
The cost of the latest artificial intelligence models is increasingly breeding anxiety among finance executives, who have started directing employees to consider open-source alternatives.
Wall Street's profit boom has Europe ripping up its banking rulebook
U.S. investment banks have toasted a record quarter, as their European rivals continue to lag — but now a major pivot towards deregulation across the Atlantic could provide a much-needed shot in the arm for the continen…
Citizens Financial Group (CFG) Q2 Earnings and Revenues Beat Estimates
Citizens Financial Group (CFG) came out with quarterly earnings of $1.3 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $0.92 per share a year ago. These figures are adju…
The best states for workers to get educated, trained and find a job in America in 2026
The world of economic development is spinning fast in 2026. Companies are pressing some specific demands of the states they are willing to do business in.
Broader Market Settles Higher as Positive Inflation News Outweighs Chip Rout
The S&P 500 Index ($SPX) (SPY) on Wednesday closed up +0.38%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.29%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.28%. September E-mini S&P futures (ESU…
Banking Committee's Sen. Rounds liked Warsh's 'tone' in first testimony as Fed chairman
Sen. Mike Rounds, R-S.D., a member of the Senate banking committee, said on CNBC's "Squawk Box" on Thursday that Federal Reserve Chairman Kevin Warsh struck the right in an appearance before the panel this week.
IRS chief Bisignano: 'We should have every family enrolled in a Trump Account'
IRS CEO Frank Bisignano, who has been tapped to lead the expansion of Trump Accounts, told CNBC's "Squawk Box" on Thursday that he expects every family could someday have one of the new tax-deferred investment accounts …
What to Expect From Public Service Enterprise’s Next Quarterly Earnings Report
Founded in 1903 and headquartered in Newark, New Jersey, Public Service Enterprise Group Incorporated (PEG) has grown into one of the country's leading energy companies. Its regulated utility business delivers electrici…
You are missing the bond deal of the decade — and it is guaranteed to beat inflation
One-year fixed savings accounts are offering inflation-beating rates of up to 4.9%. We've rounded up the best deals available on the market now.
Why McDonald's stock is at nearly 2-year lows
Quick insight: McDonald's share price is now hovering around two-year lows, according to Yahoo Finance AlphaSpace data. At a forward P/E multiple of about 20.7 times, the Golden Arches' stock trades on the lowest multip…
Commerce Bancshares (CBSH) Q2 Earnings and Revenues Beat Estimates
Commerce Bancshares (CBSH) came out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $1.07 per share a year ago. These figures are adjuste…
S&P 500, Nasdaq open lower as chip stocks weaken
Major U.S. indices weakened, with the Nasdaq and S&P 500 turning negative, while chip, computer hardware, and AI stocks led declines. Gambling and airline stocks bucked the trend. Analysts warn of market tops, citing ov…
U.S. grocery slowdown deepens as shoppers buy fewer items, raising pressure on food companies
Shoppers are buying fewer items than a year ago, and grocery sales are declining as weakening unit sales are now outweighing rising prices. That is according to new analysis from Bain & Company using NielsenIQ grocery d…
Almost half of Americans say they can’t afford to save for retirement right now
At a time of sticky inflation and a softening job market, extra money in the bank can serve as a lifeline for many consumers. Yet just 47% of Americans indicate they have sufficient liquidity or access to funds to cover…
UnitedHealth blows past estimates, hikes earnings outlook as it reins in costs
UnitedHealth Group on Thursday posted second-quarter earnings that blew past estimates and raised its full-year profit outlook, as the company better manages high medical costs and uses AI to help streamline operations.
Insteel Industries (IIIN) Q3 Earnings and Revenues Surpass Estimates
Insteel Industries (IIIN) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted…
‘Respect is important’: If my financial adviser said, ‘Hey,’ my wife and I would walk out. Where do you draw the line?
When Leena Nair became the first woman to lead Chanel in 2021, she wasn’t the obvious choice — and she knew it. “Why me?” she remembers asking. But as a mentor told her, “Never say that again.”
Ukrainians take to the streets after Zelenskyy ousts defense minister in surprise shake-up
Ukrainian protesters took to the streets of Kyiv on Thursday, decrying President Volodymyr Zelenskyy's surprise decision to dismiss Defense Minister Mykhailo Fedorov as part of a major government reshuffle.
Iran warns U.S. of Hormuz ‘red line,’ says it will retaliate to Trump’s strike threats
Iran warned Thursday that it would "crush" key targets in the Middle East if U.S. President Donald Trump's threats to target the country's infrastructure in the coming days are carried out.