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Dow Falls 1,000 Points as Tech Selling Picks Back Up
Barrons.com8d agobearish
Dow Falls 1,000 Points as Tech Selling Picks Back Up

After a brief relief rally, stock market selling accelerated again heading into the close. The Dow Jones Industrial Average sank 1,000 points, or 1.9%. The S&P 500 fell 1%. The Nasdaq dropped 0.9%. The S&P and Nasdaq both were on pace to mark intraday comebacks but lost steam as traders digested the latest updates from Federal Reserve Chairman Kevin Warsh.

Investing.com8d agobearish
AT&T and Verizon tumble as Musk’s SpaceX plots direct mobile threat

AT&T, Verizon, and T-Mobile took a beating on Wednesday as investors braced for an orbital clash with Elon Musk. Shares of AT&T (NYSE: T) and Verizon (NYSE: VZ) both fell 4%, while T-Mobile (NASDAQ: TMUS) slid 2%, following a Semafor report that SpaceX is plotting a direct assault on the U.S. wireless oligopoly. The rocket titan is actively hunting urban-grade spectrum—either by snapping up rivals or crashing next year’s federal auction—to build out dense coverage in major cities. The selloff hi

Morgan Stanley resets Akamai stock price target amid sell-off
TheStreet8d agobearish
Morgan Stanley resets Akamai stock price target amid sell-off

Wall Street is watching Akamai Technologies closely after a blockbuster deal reshaped the company's growth story earlier this year. Morgan Stanley reaffirmed its “Overweight” rating on Akamai (AKAM) in a July 27 research note shared with me, keeping its price target at $165, roughly 48% above the ...

Vertiv stock sinks on earnings miss: A look at key AI infrastructure players
Yahoo Finance Video8d agobearishVIDEO
Vertiv stock sinks on earnings miss: A look at key AI infrastructure players

Vertiv Holdings (VRT) stock sinks on Wednesday after missing its second quarter earnings estimates despite its increase to full-year guidance. Vertiv is a major player in AI data center infrastructure. Morning Brief Host Julie Hyman is joined by Yahoo Finance Senior Reporter Pras Subramanian and Breaking News Reporter Jake Conley to weigh in on the outlook for the rest of the major companies participating in the AI infrastructure buildout.

Humana Stock Stumbles After Earnings Underwhelm
The Wall Street Journal8d agobearish
Humana Stock Stumbles After Earnings Underwhelm

Humana’s shares dipped in morning trading after its results compared unfavorably with other insurers’ performance this quarter The Medicare-focused insurer modestly beat analysts’ profit projections, offered reassurance on medical cost trends and left guidance unchanged on an adjusted basis.

Procter & Gamble shares fall after quarterly revenue misses estimates
Proactive8d agobearish
Procter & Gamble shares fall after quarterly revenue misses estimates

Procter & Gamble Co (NYSE:PG, XETRA:PRG) shares fell more than 3% on Wednesday after the consumer goods giant reported fourth-quarter revenue that missed analyst estimates, even as it topped profit expectations. The maker of Tide detergent and Pampers diapers posted revenue of $21.2...

P&G Stock Drops as Profit Falls, Outlook Disappoints
The Wall Street Journal8d agobearish
P&G Stock Drops as Profit Falls, Outlook Disappoints

Procter & Gamble shares were down about 3% Wednesday morning after the company reported a profit decline and gave guidance for the coming year below Wall Street’s expectations. Higher costs and sluggish sales weighed on the company's results.

Investing.com8d agobearish
Baird downgrades Caterpillar to Neutral on rising data center regulatory risks

Investing.com -- Baird downgraded Caterpillar to Neutral from Outperform and cut its price target to $900 from $1,200, arguing that mounting U.S. state and local regulations targeting data center development could slow equipment demand from 2027 onward, even as the company's near-term order book remains strong.

MicroStrategy director sells shares ahead of July 30 earnings
TheStreet8d agobearish
MicroStrategy director sells shares ahead of July 30 earnings

Michael Saylor-led Strategy (Nasdaq: MSTR), formerly MicroStrategy, made no Bitcoin (BTC) purchases or sales for the fifth week in a row, the company's 8-K filing with the Securities and Exchange Commission (SEC) revealed on July 27. With 843,775 Bitcoin on its balance sheet, Strategy is still ...

Bloomberg8d agobearish
Wall Street Races to Sell SpaceX-Linked Products as Stock Sinks

(Bloomberg) -- Wall Street is racing to roll out complex investment products tied to SpaceX shares that aim to shield buyers from future losses amid a sharp selloff following its market debut.Most Read from BloombergUS Intercepts Iran Attack on Bases, Puncturing Days of CalmSK Hynix Profit Disappoints, Spending Soars to $31 BillionApple Set to Make Big Smart Home Push With Siri AI at CenterNvidia’s $750 Billion in Deals Reignite Circular AI FearsChip Rout Deepens on Circular Funding, China Compe

CAT Stock Downgrade On Data Center Moratorium Hamstrings Dow Jones Industrial Futures
Investor's Business Daily8d agobearish
CAT Stock Downgrade On Data Center Moratorium Hamstrings Dow Jones Industrial Futures

Caterpillar's strong order and backlog growth are likely to slow in 2027 and 2028, Baird projected on Wednesday, highlighting the recent New York data center moratorium as an example of growing state and local regulatory pushback. CAT stock dragged the Dow Jones into the red before Wednesday's open, as S&P 500 futures pointed higher. Baird downgraded CAT to neutral from outperform, cutting its price target to 900 from 1,200, according to The Fly investment news site.

Bloomberg8d agobearish
The High-School Dropout Hiring Diplomats for Trump’s State Department

(Bloomberg) -- Andrew Crapuchettes, the founder of a boutique Idaho firm that specializes in headhunting conservative employees, was surfing LinkedIn when an unsolicited message appeared from an unlikely employer: the US State Department.Most Read from BloombergUS Intercepts Iran Attack on Bases, Puncturing Days of CalmSK Hynix Profit Disappoints, Spending Soars to $31 BillionApple Set to Make Big Smart Home Push With Siri AI at CenterNvidia’s $750 Billion in Deals Reignite Circular AI FearsChip