Daily Trade

If current laws remain unchanged, the U.S. budget deficit will widen at a rapid pace and reach levels only exceeded during World War II and the darkest hours of the coronavirus pandemic, the Congressional Budget Office said in a new report released Wednesday. Persistent deficits will cause the debt held by the public to jump

Shopify (NYSE:SHOP), like so many high-profile growth/tech names, has experienced a big stock price recovery. SHOP stock has rallied by nearly 79% since January. Yet even as it appears that a comeback is in full swing, many analysts and commentators are ringing the warning bells about a possible pullback/correction. Many times, bearishness about a popular

SYDNEY — Australia’s monthly inflation reading was much tamer than expected in May, potentially giving the Reserve Bank of Australia time to sit on the sidelines for a while before it raises interest rates further. The monthly consumer price index indicator rose 5.6% in the 12 months to May, coming in well below market expectations

After hitting a 2023 high of nearly $9.75 per share on June 14, SoFi Technologies (NASDAQ:SOFI) stock was hit by bearish analysis that had brought it down closer to $8. The market cap on the online banking company was still $7.8 billion, five times more than the $1.57 billion of revenue it had last year,

A closely tracked global website ranked Chicago as the worst for air quality in the world on Tuesday owed to hovering smoke from Canada, where the drought-hindered fight against wildfires has persisted for weeks. For comparison, Dubai, Jakarta, Doha, Indonesia, and parts of Pakistan, populate top poor-air rankings Tuesday. Detroit and Minneapolis also rank high, suffering

When financial traders are willing to buy a stock at any price, that’s not a good sign. It’s hard to be a contrarian with Microsoft (NASDAQ:MSFT) now, as MSFT stock continues to steamroll ahead on artificial intelligence hype. Yet, no company – not even the almighty Microsoft – can remain a darling of the markets forever.

L’Occitane International’s shares 973, -13.61% fell sharply Tuesday morning after the beauty product retailer reported its net profit for the fiscal year ended March dropped more than 52%. Shares were recently 19% lower at 18.28 Hong Kong dollars (US$2.33), and were headed for their largest one-day decline since the company’s initial public offering in Hong

Analysts want to hit pause on Palantir Technologies (NASDAQ:PLTR) stock, saying the software as a service company is overbought as an artificial intelligence play. Since four analysts downgraded PLTR stock around June 16 they’re down 15%, trading June 22 around $14. The price remains generous. The company had $1.9 billion in sales last year but

Got $100,000 to spare? If so, do the opposite of what happened in Russia over the weekend — don’t make any sudden moves. U.S. stocks were mostly treading water Monday after a dramatic weekend in Russia when Yevgeny Prigozhin, leader of the mercenary Wagner Group, marched to the outskirts of Moscow, Russia’s capital, threatening the

Investors will start the week nervously sorting through the aftermath of a short-lived rebellion by the mercenary Wagner Group that’s seen leaving Russian President Vladimir Putin weakened. “As Monday’s global markets are set to begin trading, investors are laser-focused on whether the short-lived Russia insurrection was only the beginning of a much deeper thunderbolt set

A revitalized 2023 stock-market rally finally ran out of fizz last week. And it might take some time to get back on track in the face of a dip in market liquidity and signs that a surge of buying fueled by “fear of missing out” has largely run its course. “We don’t think the rally

Watch what happens over the next 36 hours. That was the advice from one financial analyst as U.S. investors awoke on Saturday to news of an apparent armed rebellion against Moscow led by Yevgeny Prigozhin, the owner of the powerful Russian mercenary organization Wagner Group. See: Wagner mercenary forces advance toward Moscow as Putin vows

Indirectly, Meta Platforms (NASDAQ:META) stock could be a way for investors to get exposure to artificial intelligence (AI) technology. Plus, a well-known fund manager is reportedly taking long positions in Meta Platforms. With these considerations in mind, you might want to add a few Meta Platforms shares to your own portfolio. Frankly, I’ve been wary of

Home buyers have accepted the new normal of 7% mortgage rates, but now they’re feeling a sense of déjà vu as real estate is back to being a competitive sport in many parts of the U.S. At the beginning of this year, buyers were still holding on to hope that mortgage rates would go back

There’s no denying that Nvidia (NASDAQ:NVDA) is a darling of the markets. One fund manager who you will probably recognize reportedly increased his stake in NVDA stock. Does this mean you should buy it, too? Not necessarily, as the weighing machine of the stock market could bring Nvidia back down to earth soon. Artificial intelligence (AI)

International Business Machines Co. is close to a deal to buy cloud-based business software company Apptio Inc. for more than double its purchase price nearly five years ago, the Wall Street Journal reported late Friday. IBM IBM, -1.33% could close a deal to buy Apptio from private-equity firm Vista Equity Partners, possibly over the weekend,

The only constant in Corporate America is change. Companies large and small are constantly undertaking shakeups in their business strategies and management teams as they seek a competitive edge in the marketplace. Long tenured CEO positions are becoming increasingly rare in the business world, particularly among publicly traded companies where shareholders demand results. To be

Buying a cheap house, or one that’s $150,000 or less, may seem like an attractive idea for many renters who are seeing home prices spiral out of control. But finding financing to pay for that home can be a tall task. Mortgages to purchase homes under $150,000 have become “increasingly rare,” according to a new

Shares of Mullen Automotive (NASDAQ:MULN) tumbled another 50% this week after one of the firm’s most vocal promoters aired second thoughts. “I didn’t sign up for this,” said Mullen’s Lawrence Hardge in a Facebook Livestream. “I ain’t gonna let what I invented be the death of me. I’m sick of people calling me. I’m sick

TOKYO — The pace of Japan’s consumer inflation slowed slightly in May due to declines in electricity prices. Overall consumer prices rose 3.2% from a year earlier in May, compared with a 3.5% increase in April, government data showed Friday. In a sign of growth in core inflation, consumer prices excluding volatile fresh food and