US Consumer Price Index (CPI) rose 3.5% year-over-year, below the expected 3.8%, with core inflation at 2.6%. Monthly prices fell 0.4%, marking the largest monthly decline and the first negative monthly print since the 2020 pandemic. This easing inflation data lifted major US stock indexes, with Nasdaq up 0.90%, S&P 500 up 0.38%, and Dow slightly positive at 0.02%. Cryptocurrencies also gained, with Bitcoin rising over 3% and briefly nearing $65,000, while Ethereum climbed to around $1,900. Gold prices reversed sharply, closing up 1.33% after the inflation report. The data suggests a potential cooling in inflation pressures, which could influence future monetary policy decisions.
A Kinder Morgan executive recently sold 5,695 shares of the company, totaling approximately $184,000, according to a recent SEC filing. This insider sale could indicate the executive's personal financial decision but does not necessarily reflect the ...
Novo Nordisk remains a Buy due to its strong long-term fundamentals and leadership in obesity treatment, particularly with its Wegovy pill. Although the company faces short-term issues like declining gross margins, high capital expenditures, and a fa...
CoreWeave reported a strong Q2 2026 with revenue up 112% year-over-year to $2.58 billion and a backlog soaring to $104.2 billion, signaling robust demand for AI compute capacity. The company raised its full-year revenue guidance and showed pricing po...
Uber's stock recently dropped close to its 12-month low amid a slight earnings and revenue miss in Q2 2026, causing some bearish sentiment. However, the company reported record free cash flow of over $10 billion and 24% growth in gross bookings, indi...
SanDisk's shares have surged dramatically, rising over 5,000% from their one-year low to high before a recent correction. The company's Q4 2026 earnings beat expectations with EPS of $39.25 and revenue of $8.97 billion, driven by strong AI-storage de...
