The S&P 500 and the Nasdaq opened at record highs, while the Dow was on the cusp of that as optimism from a U.S.-EU trade pact set the stage for a week packed with megacap earnings.
Read More S&P, Nasdaq at record highs as US-EU trade deal sparks optimism in pivotal week
Numerous banking CEOs and Wall Street titans, including JPMorgan CEO Jamie Dimon, reportedly snubbed meetings with Democrat New York City mayoral candidate Zohran Mamdani.
Read More NYC banking CEOs snub meeting with ‘Marxist’ mayoral candidate Zohran Mamdani
Nvidia notched a market capitalization of $4 trillion, making it the first public company to solidify its position as one of Wall Street’s most-favored stocks.
Read More Nvidia clinches historic $4 trillion market value on AI dominance
A leading Wall Street economist who previously criticized President Donald Trump’s tariff strategy now admits that the 47th president may have “outsmarted all of us” with his trade policies.
Read More Chief economist Torsten Sløk: Trump may have ‘outsmarted all of us’ on tariffs, despite my prior criticisms
It expects to save about $40 million of annual costs, which it plans to reinvest in initiatives such as product and technology development.
Read More Bumble to lay off 30% of global workforce as online dating industry struggles
UnitedHealth Group shares plunged 16% to hit a five-year low after the Wall Street Journal reported that the DOJ was investigating the company for potential Medicare fraud.
Read More UnitedHealth tumbles as criminal probe report adds to investor fears