{"id":140958,"date":"2025-08-13T00:02:10","date_gmt":"2025-08-13T00:02:10","guid":{"rendered":"https:\/\/www.europesays.com\/us\/140958\/"},"modified":"2025-08-13T00:02:10","modified_gmt":"2025-08-13T00:02:10","slug":"sp-500-nasdaq-close-at-record-highs-as-stocks-surge-after-cpi-report-boosts-rate-cut-hopes","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/140958\/","title":{"rendered":"S&#038;P 500, Nasdaq Close at Record Highs as Stocks Surge After CPI Report Boosts Rate-Cut Hopes"},"content":{"rendered":"<p><strong>Biggest S&amp;P 500 Movers on Tuesday<\/strong><\/p>\n<p>1 hr 41 min ago<\/p>\n<p id=\"mntl-sc-block_12-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> <strong>Advancers<\/strong>\n<\/p>\n<ul id=\"mntl-sc-block_13-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\">\n<li>Spirit Aviation Holdings (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=flyy\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">FLYY<\/a>) warned it\u00a0<a href=\"https:\/\/www.investopedia.com\/you-may-soon-have-one-fewer-option-for-a-low-cost-flight-11789294\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">may be unable to continue operations<\/a>, citing an insufficient cash supply and difficulties in navigating operational challenges. Shares of the low-cost airline, which emerged from bankruptcy in March, plunged more than 40%, while shares of rival carriers rose. <strong>United Airlines<\/strong> (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=ual\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\" rel=\"nofollow noopener\" target=\"_blank\">UAL<\/a>) shares logged Tuesday&#8217;s top performance in the S&amp;P 500, jumping 10.2%, while <strong>Delta Air Lines<\/strong> (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=dal\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"4\" rel=\"nofollow noopener\" target=\"_blank\">DAL<\/a>) shares gained 9.2%, as airline stocks also got a boost from inflation data that showed airfares rose last month.<\/li>\n<li><strong>Paramount Skydance<\/strong> (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=psky\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"5\" rel=\"nofollow noopener\" target=\"_blank\">PSKY<\/a>)\u00a0stock surged 8.4%. With Tuesday&#8217;s push higher, shares of the newly combined entertainment giant roared back from losses posted in the prior session after the announcement of a\u00a0<a href=\"https:\/\/www.investopedia.com\/paramount-skydance-strikes-usd7-7-billion-ufc-deal-11788349\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"6\" rel=\"nofollow noopener\" target=\"_blank\">$7.7 billion deal<\/a>\u00a0with TKO Group (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=tko\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"7\" rel=\"nofollow noopener\" target=\"_blank\">TKO<\/a>) to acquire the exclusive broadcasting rights for the sports firm&#8217;s Ultimate Fighting Championship (UFC) franchise. Raymond James analysts suggested the UFC deal could signal the beginning of a more aggressive approach toward spending on content and sports rights by Paramount&#8217;s management team, now led by Skydance Media founder David Ellison.<\/li>\n<li>Several semiconductor stocks also gained ground, with shares of <strong>NXP Semiconductors<\/strong> (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=nxpi\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"8\" rel=\"nofollow noopener\" target=\"_blank\">NXPI<\/a>) and<strong> Onsemi<\/strong> (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=on\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"9\" rel=\"nofollow noopener\" target=\"_blank\">ON<\/a>) adding 7.3% and 6.2%, respectively. The iShares Semiconductor ETF (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=soxx\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"10\" rel=\"nofollow noopener\" target=\"_blank\">SOXX<\/a>) advanced 3.2%.<\/li>\n<\/ul>\n<p id=\"mntl-sc-block_14-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> <strong>Decliners<\/strong>\n<\/p>\n<ul id=\"mntl-sc-block_15-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\">\n<li><strong>Cardinal Health <\/strong>(<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=cah\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">CAH<\/a>)\u00a0shares suffered the steepest drop in the S&amp;P 500 on Tuesday, falling 7.2% after the company announced a $1.9 billion deal to acquire Solaris Health. With the transaction, the provider of healthcare products and services aims to expand its presence in urology markets. Cardinal revealed the planned transaction in conjunction with its fiscal fourth-quarter results. Although adjusted profits topped forecasts, revenue came in below expectations, reflecting continued pressure after last year&#8217;s expiration of its contracts with pharmacy benefit manager OptumRX.<\/li>\n<li>Shares of <strong>Axon Enterprise<\/strong> (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=axon\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">AXON<\/a>), maker of the Taser and other law enforcement equipment, dropped 6.1% after SEC filings revealed that several executives sold significant stakes in the company. Investors often view sales by company insiders as an indication of wavering confidence in a stock&#8217;s near-term trajectory. Axon shares tore higher at the beginning of August after the company reported strong earnings results, boosted by demand for its AI-enabled products, but the stock has given back most of those gains over the past week.<\/li>\n<li><strong>Albemarle<\/strong> (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=alb\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\" rel=\"nofollow noopener\" target=\"_blank\">ALB<\/a>) shares slipped 3.4%, reversing a portion of the upswing posted in the prior session as news of a\u00a0<a href=\"https:\/\/www.investopedia.com\/lithium-prices-and-stocks-soar-as-chinese-firm-suspends-major-mine-operations-11788329\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"4\" rel=\"nofollow noopener\" target=\"_blank\">shutdown at a major mine in China<\/a>\u00a0suggested possible relief from oversupply in the lithium market. Albemarle, the largest producer of the key battery component, said Tuesday that its La Negra lithium processing plant in Chile was operating normally after a local official said authorities were investigating an incident that occurred last week.<\/li>\n<\/ul>\n<p id=\"mntl-sc-block_16-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/contributors\/58207\/\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">Michael Bromberg<\/a>\n<\/p>\n<p><strong>Traders Ramp Up Bets for Fed Rate Cuts in 2025<\/strong><\/p>\n<p>2 hr 27 min ago<\/p>\n<p id=\"mntl-sc-block_17-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Market participants are even more convinced the Federal Reserve will cut interest rates in the coming months.\n<\/p>\n<p id=\"mntl-sc-block_18-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Following today&#8217;s benign inflation report, traders are now pricing in a greater than 94% likelihood that the Fed will cut its benchmark rate by a quarter point when the policy committee meets next in September. That&#8217;s up from the 86% chance that was priced in yesterday, according to the CME Group&#8217;s FedWatch tool, which forecasts rate movements based on fed funds futures trading data.\n<\/p>\n<p id=\"mntl-sc-block_19-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Another quarter-point cut is seen as likely at the October meeting of the Federal Open Market Committee. The chances of that are now seen at about 62%, up from the 55% likelihood that was being priced in on Monday.\n<\/p>\n<p id=\"mntl-sc-block_20-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Market participants are more divided on whether another cut is possible at the FOMC meeting in December. The FedWatch tool shows a 50% chance of a third cut at that last meeting of the year, up from 45% yesterday\n<\/p>\n<p><strong>Airline Stocks Take Flight<\/strong><\/p>\n<p>3 hr 1 min ago<\/p>\n<p id=\"mntl-sc-block_21-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Airline-stock investors endured\u00a0<a href=\"https:\/\/www.investopedia.com\/a-very-rapid-drop-in-domestic-demand-is-hitting-airlines-11721279\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">a bumpy ride<\/a>\u00a0to start the year. Things are a bit smoother now.\n<\/p>\n<p id=\"mntl-sc-block_22-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Shares of United Airlines (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=UAL\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">UAL<\/a>), Delta Air Lines (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=DAL\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">DAL<\/a>), American Airlines Group (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=AAL\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\" rel=\"nofollow noopener\" target=\"_blank\">AAL<\/a>), Alaska Air Group (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=ALK\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"4\" rel=\"nofollow noopener\" target=\"_blank\">ALK<\/a>), and JetBlue Airways (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=JBLU\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"5\" rel=\"nofollow noopener\" target=\"_blank\">JBLU<\/a>) all soared on Tuesday. The US Global Jets exchange-traded fund (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=JETS\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"6\" rel=\"nofollow noopener\" target=\"_blank\">JETS<\/a>) also climbed, and is now roughly flat year-to-date after declining through the spring.\n<\/p>\n<p id=\"mntl-sc-block_23-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The\u00a0<a href=\"https:\/\/www.investopedia.com\/inflation-heats-up-as-tariffs-push-up-prices-11789261\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">July consumer price report<\/a>\u00a0released early Tuesday helped carriers stick the landing. It showed airfares rose 4% in last month, breaking a streak of declines. Jet fuel prices, meanwhile, have fallen to start August.1\n<\/p>\n<p id=\"mntl-sc-block_24-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Trade tensions, declining consumer confidence, weather conditions, and general uncertainty were cited as headwinds for the airline industry earlier in the year; the International Air Transport Association in June,\u00a0<a href=\"https:\/\/www.investopedia.com\/airline-industry-group-cuts-profit-forecast-amid-economic-uncertainty-11746319\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">trimmed its annual net profit estimate<\/a>\u00a0for the sector. The industry outlook now looks more stable, with carriers having mostly\u00a0<a href=\"https:\/\/www.investopedia.com\/american-airlines-stock-tumbles-as-restored-full-year-earnings-outlook-disappoints-11778314\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">restored their earnings guidance<\/a>\u00a0after pulling the forecasts earlier this year.\n<\/p>\n<p id=\"mntl-sc-block_25-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> There are outliers in the group. Spirit Airlines (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=FLYY\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">FLYY<\/a>), which emerged from\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/c\/chapter11.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">Chapter 11 bankruptcy<\/a>\u00a0in March, on Monday said that the company continues to be affected by &#8220;adverse market conditions,&#8221; including weak domestic leisure travel in the second quarter and a &#8220;challenging&#8221; price environment, according to a company filing.2\n<\/p>\n<p id=\"mntl-sc-block_26-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Spirit Airlines&#8217; management also issued a &#8220;<a href=\"https:\/\/www.investopedia.com\/you-may-soon-have-one-fewer-option-for-a-low-cost-flight-11789294\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">going concern<\/a>&#8221; warning in the filing, saying they had &#8220;substantial doubt&#8221; in the airline&#8217;s ability to continue operating within the next 12 months. Its stock was down 40% on Tuesday.\n<\/p>\n<p id=\"mntl-sc-block_27-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/crystal-kim-11775999\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">Crystal Kim<\/a>\n<\/p>\n<p><strong>Intel Levels to Watch After CEO Meets With Trump<\/strong><\/p>\n<p>4 hr 6 min ago<\/p>\n<p id=\"mntl-sc-block_28-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Intel (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=intc\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">INTC<\/a>) shares surged again Tuesday following a meeting between CEO Lip-Bu Tan and President Donald Trump on Monday.\n<\/p>\n<p id=\"mntl-sc-block_29-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> <a href=\"https:\/\/www.investopedia.com\/intel-stock-climbs-as-ceo-lip-bu-tan-meets-with-trump-after-calls-for-resignation-update-11788357\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">The meeting<\/a>\u00a0came after Trump on Fridy\u00a0<a href=\"https:\/\/www.investopedia.com\/intel-stock-drops-as-trump-says-ceo-must-resign-immediately-11786519\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">demanded the immediate resignation of Tan<\/a>, calling him &#8220;highly conflicted&#8221; over investments in Chinese firms. The president late Monday said on this Truth Social platform that the meeting was &#8220;very interesting&#8221; and that Tan&#8217;s success is &#8220;an amazing story.&#8221; Trump said that members of his cabinet would continue meeting with Tan in the coming days.\n<\/p>\n<p id=\"mntl-sc-block_30-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Trump\u2019s meeting with the once-storied American chipmaker\u2019s CEO followed news on Monday that AI chip giants Nvidia (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=nvda\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">NVDA<\/a>) and Advanced Micro Devices (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=amd\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">AMD<\/a>) have\u00a0<a href=\"https:\/\/www.investopedia.com\/nvidia-amd-agree-to-pay-15-percent-of-china-chip-revenues-to-us-update-11788331\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\" rel=\"nofollow noopener\" target=\"_blank\">agreed to pay 15% of their China chip revenues<\/a>\u00a0to the U.S. government in exchange for export licenses.\n<\/p>\n<p id=\"mntl-sc-block_31-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Intel shares were up 5% at $21.75 in late trading Tuesday, adding to the previous session&#8217;s gain of 3.5%. The stock is up about 9% so far this year, roughly in line with the performance of the\u00a0<a href=\"https:\/\/www.bing.com\/search?q=sp500%20investopedia&amp;qs=n&amp;form=QBRE&amp;sp=-1&amp;lq=0&amp;pq=sp500%20investope&amp;sc=7-15&amp;sk=&amp;cvid=24D1A1A73C09449BB3FB5575B598256A\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"externalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">S&amp;P 500<\/a>\u00a0in 2025 as investors asses the impact of Tan\u2019s strategic moves, which include\u00a0<a href=\"https:\/\/www.investopedia.com\/intel-plans-to-spin-off-its-networking-unit-as-ceo-looks-to-shed-assets-lip-bu-tan-11779587\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">divesting assets<\/a>, reducing\u00a0<a href=\"https:\/\/www.investopedia.com\/intel-11778791\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\" rel=\"nofollow noopener\" target=\"_blank\">employees<\/a>, and reallocating resources. Tan took over the CEO role in March.\n<\/p>\n<p> Source: TradingView.com.<\/p>\n<p id=\"mntl-sc-block_33-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> After breaking down from an\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/a\/ascendingchannel.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">ascending channel<\/a>\u00a0late last month, Intel shares retraced to a multi-month trading floor before finding buying interest around this key location.\n<\/p>\n<p id=\"mntl-sc-block_34-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> More recently, the stock has continued to move higher, though the price remains below the 50- and 200-day moving averages and the\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/r\/rsi.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">relative strength index<\/a>\u00a0sits just below its neutral reading. However, it\u2019s worth noting that the shares registered their highest\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/v\/volume.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">volume<\/a>\u00a0in more than two weeks on Monday, indicating growing interest in the chipmaker\u2019s stock.\n<\/p>\n<p id=\"mntl-sc-block_35-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Investors should watch key overhead areas on Intel&#8217;s chart around $22, $24 and $26, while also monitoring a major support level near $19.\n<\/p>\n<p id=\"mntl-sc-block_36-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Read the full <a href=\"https:\/\/www.investopedia.com\/watch-these-intel-price-levels-as-stock-jumps-after-ceo-meets-with-trump-11789224\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">technical analysis piece here<\/a>.\n<\/p>\n<p id=\"mntl-sc-block_37-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/contributors\/54411\/\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">Timothy Smith<\/a>\n<\/p>\n<p><strong>Another Top CEO Is Hearing It From Trump<\/strong><\/p>\n<p>5 hr 28 min ago<\/p>\n<p id=\"mntl-sc-block_38-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> President Donald Trump leaned on a big bank&#8217;s CEO on Tuesday, a day after appearing to make peace with a chipmaking chief.\n<\/p>\n<p id=\"mntl-sc-block_39-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8220;David Solomon and Goldman Sachs refuse to give credit where credit is due,&#8221; Trump wrote on Truth Social. &#8220;They made a bad prediction a long time ago on both the Market repercussion and the Tariffs themselves, and they were wrong, just like they are wrong about so much else.&#8221;\n<\/p>\n<p id=\"mntl-sc-block_40-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Trump&#8217;s message marked his latest foray into public criticism of a high-profile executive. Just yesterday, Trump offered a generally upbeat take on a meeting with Intel&#8217;s (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=intc\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">INTC<\/a>) CEO Lip-Bu Tan, just a few days after\u00a0<a href=\"https:\/\/www.investopedia.com\/intel-stock-climbs-as-ceo-lip-bu-tan-meets-with-trump-after-calls-for-resignation-update-11788357\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">calling for his resignation<\/a>.\n<\/p>\n<p id=\"mntl-sc-block_41-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Tuesday&#8217;s statement appeared to reference a Sunday note from Goldman Sachs (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=gs\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">GS<\/a>), in which bank said that American consumers had absorbed a bit more than a fifth of the cost of Trump&#8217;s tariffs through June but could see that rise to above two-thirds &#8220;if the recent tariffs follow the same pattern as the earliest ones.&#8221; Goldman also said that tariffs, which have sustained\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/p\/pce.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">core PCE inflation<\/a>\u00a0so far this year, could have an even larger effect on it in the second half.\n<\/p>\n<p id=\"mntl-sc-block_42-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Trump took his critique further, offering feedback on the career choices and hobbies of Goldman CEO David Solomon, who has moonlighted in music as a DJ.\u00a0Goldman Sachs in an email to\u00a0Investopedia\u00a0declined to comment.\n<\/p>\n<p id=\"mntl-sc-block_43-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8220;I think that David should go out and get himself a new Economist or, maybe, he ought to just focus on being a DJ, and not bother running a major Financial Institution,&#8221; Trump wrote.\n<\/p>\n<p> The Goldman CEO performing as DJ D-SOL in 2020.<\/p>\n<p>Kevin Mazur \/ Getty Images for Safe &amp; Sound<\/p>\n<p id=\"mntl-sc-block_45-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Solomon and Tan are just few of the executives Trump has called out publicly for various reasons. His willingness to spar with Elon Musk, the Tesla (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=tsla\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">TSLA<\/a>) chief who was one of the biggest financial supporters of his last campaign, earlier this summer\u00a0<a href=\"https:\/\/www.investopedia.com\/trump-musk-rift-costs-tesla-spot-in-usd1-trillion-club-stock-11749321\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">took a big bite<\/a>\u00a0out of the EV maker&#8217;s market cap, though it&#8217;s recovered since.\n<\/p>\n<p id=\"mntl-sc-block_46-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Goldman&#8217;s stock is up nearly 4% today.\n<\/p>\n<p id=\"mntl-sc-block_47-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/david-marino-nachison-8668795\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">David Marino-Nachison<\/a>\n<\/p>\n<p><strong>You May Have Fewer Options for Low-Cost Flights Soon<\/strong><\/p>\n<p>6 hr 25 min ago<\/p>\n<p id=\"mntl-sc-block_48-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> If you plan on flying Spirit Airlines to save money on airfare, you may want to do it soon.\u00a0\n<\/p>\n<p id=\"mntl-sc-block_49-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> In a regulatory filing Monday, the ultra-low-cost carrier warned it may run out of money within 12 months.\n<\/p>\n<p id=\"mntl-sc-block_50-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> In March 2024, Spirit and JetBlue Airways (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=JBLU\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">JBLU<\/a>)\u00a0<a href=\"https:\/\/www.investopedia.com\/jetblue-spirit-airlines-terminate-usd3-8-billion-merger-spirit-stock-skids-8603668\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">called off<\/a>\u00a0their proposed merger after Biden administration regulators\u00a0<a href=\"https:\/\/www.investopedia.com\/spirit-airlines-stock-nosedives-after-judge-blocks-jetblue-merger-8426915\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\" rel=\"nofollow noopener\" target=\"_blank\">blocked the deal<\/a>, and struggling Spirit\u00a0<a href=\"https:\/\/www.investopedia.com\/budget-carrier-spirit-airlines-files-for-bankruptcy-8746936\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"4\" rel=\"nofollow noopener\" target=\"_blank\">filed for Chapter 11 bankruptcy<\/a>\u00a0in November. Spirit emerged from bankruptcy as a privately held company in March after\u00a0<a href=\"https:\/\/www.investopedia.com\/spirit-airlines-rejects-latest-merger-bid-from-frontier-airlines-8782196\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"5\" rel=\"nofollow noopener\" target=\"_blank\">rejecting merger overtures<\/a>\u00a0from Frontier Airlines parent Frontier Group Holdings (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=ULCC\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"6\" rel=\"nofollow noopener\" target=\"_blank\">ULCC<\/a>).\n<\/p>\n<p> A Spirit aircraft departing from Harry Reid International Airport in Las Vegas earlier this year.<\/p>\n<p>Kevin Carter \/ Getty Images<\/p>\n<p id=\"mntl-sc-block_52-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Investors evidently took the news to be beneficial for the prospects of Frontier, Sun Country Airlines (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=sncy\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">SNCY<\/a>), also seen as ultra-low-cost carriers, and JetBlue. Their shares were all up by double-digit percentages in recent trading. The\u00a0U.S. Global Jets ETF (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=jets\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">JETS<\/a>), which includes airline shares, was up more than 6%.\n<\/p>\n<p id=\"mntl-sc-block_53-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Spirit\u2014which had an\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/o\/operatingmargin.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">operating margin<\/a>\u00a0of negative 22.5% for 2024\u2014has continued to hemorrhage money, and &#8220;management has concluded there is substantial doubt as to the Company\u2019s ability to continue as a going concern within 12 months,&#8221; it wrote Monday.\n<\/p>\n<p id=\"mntl-sc-block_54-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The company has discussed the question of its ability to stay in business in past filings, but yesterday added the detail regarding the 12-month timing.\n<\/p>\n<p id=\"mntl-sc-block_55-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/aaron-rennie-8603747\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">Aaron Rennie<\/a>\n<\/p>\n<p><strong>Inflation Report Boosts Prospect of Fed Rate Cut<\/strong><\/p>\n<p>7 hr 28 min ago<\/p>\n<p id=\"mntl-sc-block_56-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> With the job market faltering and consumer prices growing less than expected, investors are increasingly betting the Federal Reserve is about to cut interest rates to boost the economy.<\/p>\n<p>The government&#8217;s official report on July inflation\u00a0<a href=\"https:\/\/www.investopedia.com\/inflation-heats-up-as-tariffs-push-up-prices-11789261\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">didn&#8217;t deliver any nasty surprises<\/a>\u00a0 when released Tuesday morning. That led traders to price in higher chances that the Federal Reserve will start rolling back its anti-inflation interest rate hikes when its policy committee next meets in September.\n<\/p>\n<p id=\"mntl-sc-block_57-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> After the report, there was a 94.1% chance the Fed would cut its interest rate by a quarter-point in September, up from an 85.9% the day before, according to the CME Group&#8217;s FedWatch tool, which forecasts rate movements based on fed funds futures trading data.\n<\/p>\n<p id=\"mntl-sc-block_58-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Fed officials are balancing the central bank&#8217;s\u00a0<a class=\"recommendation-inline-link\" href=\"https:\/\/www.investopedia.com\/articles\/investing\/100715\/breaking-down-federal-reserves-dual-mandate.asp\" link-destination-recommendation=\"true\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">dual mandate<\/a>\u00a0of keeping inflation in check while keeping employment high. The most recent round of economic data has shown the most red flags on the &#8220;employment&#8221; side of that mandate. Job growth\u00a0<a href=\"https:\/\/www.investopedia.com\/u-s-job-growth-slows-in-july-as-unemployment-ticks-higher-11783211\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">has slowed to a crawl<\/a>\u00a0over the last three months, while &#8220;core&#8221; inflation has remained above the Fed&#8217;s goal of a 2% annual rate, but hasn&#8217;t accelerated alarmingly fast.<\/p>\n<p>The Fed&#8217;s remedy for an economic slowdown is lower interest rates, which encourage borrowing and spending and, in turn, businesses to hire more workers. That&#8217;s the opposite of its playbook for defeating inflation, which is higher rates to slow the economy and bring supply and demand back into balance.<\/p>\n<p>&#8220;Despite the increase in core inflation, we expect the Fed to cut rates next month as they pay closer attention to the weakening labor market,&#8221; Jeffrey Roach, chief economist for LPL Financial, wrote in a commentary.\n<\/p>\n<p id=\"mntl-sc-block_59-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Fed officials use monetary policy to influence the economy by manipulating the\u00a0<a class=\"recommendation-inline-link\" href=\"https:\/\/www.investopedia.com\/terms\/f\/federalfundsrate.asp\" link-destination-recommendation=\"true\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">federal funds rate<\/a>. The rate, which dictates the interest rate at which banks can borrow money, affects interest rates for all kinds of short-term loans.<\/p>\n<p>In March 2020, the Fed chopped the fed funds rate to near-zero to boost the economy with easy money. Then, when inflation flared in 2022, the Fed ratcheted up interest rates to a two-decade high to counteract the price increases.\n<\/p>\n<p id=\"mntl-sc-block_60-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Fed officials began cutting rates in late 2024 as inflation fell toward the 2% goal, most recently cutting in December. Since then, central bankers have\u00a0<a href=\"https:\/\/www.investopedia.com\/federal-reserve-interest-rate-decision-july-11781906\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">held off on further rate cuts<\/a>, keeping the rate in a range of 4.25% to 4.5%, out of concern that President Donald Trump&#8217;s wide-ranging campaign of tariffs will set off a fresh round of inflation.<\/p>\n<p>Trump has\u00a0<a href=\"https:\/\/www.investopedia.com\/trump-criticism-of-powell-is-shaking-markets-faith-in-federal-reserve-independence-11719211\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">increasingly pressured the Fed<\/a>\u00a0to cut rates, lobbing insults and threats at Fed Chair Jerome Powell in recent months. Although Powell is one of 12 votes on the\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/f\/fomc.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\" rel=\"nofollow noopener\" target=\"_blank\">Federal Open Market Committee<\/a>, the Fed chair is influential in its decisions. Trump appointed Powell in 2018, and former President Joe Biden gave him a second four-year term in 2022.\n<\/p>\n<p> Fed Chair Powell speaking after the July 30 meeting of the rate-setting Federal Open Market Committee.<\/p>\n<p>Hu Yousong \/ Xinhua \/ Getty Images<\/p>\n<p id=\"mntl-sc-block_62-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Trump has repeatedly demanded the Fed cut rates, arguing high interest rates are costing the government too much in interest payments on the national debt. Powell has resisted the pressure, saying the Fed should only make decisions based on its economic policy goals and should remain independent of political pressure.<\/p>\n<p>Trump turned up that pressure Tuesday in a social media post threatening to investigate Powell over alleged cost overruns in an ongoing renovation project at the Fed&#8217;s headquarters.<\/p>\n<p>&#8220;The damage he has done by always being Too Late is incalculable,&#8221; Trump posted.\u00a0&#8220;Fortunately, the economy is sooo good that we\u2019ve blown through Powell and the complacent Board.\u00a0I am, though, considering allowing a major lawsuit against Powell to proceed because of the horrible, and grossly incompetent, job he has done in managing the construction of the Fed Buildings.&#8221;\n<\/p>\n<p id=\"mntl-sc-block_63-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Fed officials now face a dilemma. Key inflation indicators remain over 2% and are heading in the wrong direction, though not as quickly as some forecasters had feared. Meanwhile, the tariffs have disrupted job creation, stoking concerns about a possible recession and mass layoffs.<\/p>\n<p>Fed policy can only address one of those problems at a time, at the risk of making the other worse.<\/p>\n<p>Whether the Fed keeps the rate steady to control inflation, or cuts it to boost the job market, could hinge on next month&#8217;s round of economic data. Federal Open Market Committee officials will receive one more round of labor market and inflation reports before making their next decision.<\/p>\n<p>&#8220;For the Federal Reserve, inflation is much further from its target than the unemployment rate, which is why we expect them to hold off rate cuts another few months,&#8221; Michael Pearce, deputy chief U.S. economist at Oxford Economics, wrote in a commentary. &#8220;However, another weak set of jobs data in August would force their hand early.&#8221;\n<\/p>\n<p id=\"mntl-sc-block_64-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/diccon-hyatt-7100294\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">Diccon Hyatt<\/a>\n<\/p>\n<p><strong>Circle Stock Rises as USDC Stablecoin Circulation Grows <\/strong><\/p>\n<p>8 hr 3 min ago<\/p>\n<p id=\"mntl-sc-block_65-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Circle Internet Group (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=CRCL\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">CRCL<\/a>) shares rose Tuesday morning as its first financial report since its\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/i\/ipo.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">initial public offering (IPO)<\/a>\u00a0came in better than expected on growing use of the USDC\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/s\/stablecoin.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\" rel=\"nofollow noopener\" target=\"_blank\">stablecoin<\/a>.\n<\/p>\n<p id=\"mntl-sc-block_66-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The company that issues USDC reported second-quarter adjusted\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/e\/ebitda.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">EBITDA<\/a>\u00a0of $126 million, more than $3 million above what analysts surveyed by Visible Alpha were looking for. Revenue gained 53% year-over-year to $658 million, also beating forecasts.\n<\/p>\n<p id=\"mntl-sc-block_67-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Circle noted that USDC circulation soared 90% year-over-year to $61.3 billion at the end of the quarter, and was up an additional 6.4% to $65.2 billion as of Aug. 10.\n<\/p>\n<p id=\"mntl-sc-block_68-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Co-founder and CEO Jeremy Allaire said the IPO in June &#8220;marked a pivotal moment\u2014not just for our company, but for the broader adoption of stablecoins and the growth of the new internet financial system.&#8221; Allaire added that the company is seeing &#8220;accelerating interest in building on stablecoins and partnering with Circle across every significant sector of the financial industry.&#8221;\n<\/p>\n<p> CEO Jeremy Allaire at the New York Stock Exchange on June 5, when Circle shares began trading.<\/p>\n<p>Michael Nagle \/ Bloomberg \/ Getty Images<\/p>\n<p id=\"mntl-sc-block_70-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The company noted that the\u00a0<a href=\"https:\/\/www.investopedia.com\/trump-signs-genius-act-into-law-in-major-milestone-for-crypto-industry-11774814\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">GENIUS Act<\/a>\u00a0passed by Congress and signed by President Donald Trump, which establishes a framework for the cryptocurrency sector, &#8220;strengthens Circle&#8217;s position as the leading regulated stablecoin issuer.&#8221;\n<\/p>\n<p id=\"mntl-sc-block_71-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Circle shares were recently up 6% at around $171. The stock has surged from its\u00a0<a href=\"https:\/\/www.investopedia.com\/usdc-stablecoin-issuer-circle-stock-skyrockets-in-trading-debut-11748691\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">IPO price of $31<\/a>\u00a0and opening level of $69 in its June 5 trading debut.\n<\/p>\n<p id=\"mntl-sc-block_72-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/bill-mccoll-5186338\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">Bill McColl<\/a>\n<\/p>\n<p><strong>BigBear.ai Plunges on Uncertainty About Government Contracts<\/strong><\/p>\n<p>9 hr 36 min ago<\/p>\n<p id=\"mntl-sc-block_73-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> BigBear.ai (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=BBAI\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">BBAI<\/a>) shares lost a quarter of their value Tuesday morning, a day after the artificial intelligence data analytics firm slashed its revenue outlook and withdrew its profit forecast on uncertainty about government contracts.\n<\/p>\n<p id=\"mntl-sc-block_74-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The company now anticipates full-year revenue in the range of $125 million to $140 million, down from its earlier estimate of $160 million to $180 million. Its previous guidance for adjusted\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/e\/ebitda.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">EBITDA<\/a>\u00a0had been &#8220;in the negative single digit millions.&#8221;\n<\/p>\n<p id=\"mntl-sc-block_75-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> CEO Kevin McAleenan said while BigBear.ai is optimistic about future investments and growth opportunities, &#8220;we have also seen disruptions in federal contracts from efficiency efforts this quarter, most notably in programs that support the U.S. Army, as they seek to consolidate and modernize their data architecture.&#8221;\n<\/p>\n<p id=\"mntl-sc-block_76-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Along with questions about Army contracts, the company expects increased spending in the second half of the year.\u00a0\n<\/p>\n<p id=\"mntl-sc-block_77-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> In the second quarter, BigBear.ai posted a loss of $0.71 per share, about 12 times more than analysts from Visible Alpha were looking for. Revenue slumped 18% year-over-year to $32.5 million, also well short of forecasts.\n<\/p>\n<p id=\"mntl-sc-block_78-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Shares of BigBear.ai had entered Tuesday up nearly 60% this year.\n<\/p>\n<p id=\"mntl-sc-block_79-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/bill-mccoll-5186338\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">Bill McColl<\/a>\n<\/p>\n<p><strong>On Holding Stock Soars as Sneaker Maker Boosts Outlook <\/strong><\/p>\n<p>10 hr 8 min ago<\/p>\n<p id=\"mntl-sc-block_80-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> On Holding (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=ONON\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">ONON<\/a>) shares surged more than 10% in early trading Tuesday after the high-end sneaker maker posted better-than-expected results and boosted its guidance on booming direct-to-consumer (DTC) sales.\n<\/p>\n<p id=\"mntl-sc-block_81-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The Switzerland-based firm backed by tennis great Roger Federer reported second-quarter revenue jumped 32% year-over-year to 749.2 million Swiss francs ($925.9 million), well above Visible Alpha forecasts.\n<\/p>\n<p id=\"mntl-sc-block_82-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> DTC sales soared 47% to CHF308.3 million ($381.0 million), which the company credited to &#8220;continued focus on operational excellence, and favorable foreign exchange developments.&#8221; DTC made up 41% of total revenue, a new second-quarter record. Sales from its wholesale channel increased 23% to CHF441.0 million ($544.8 million).\n<\/p>\n<p id=\"mntl-sc-block_83-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Co-founder and Executive Co-Chair David Allemann said On is &#8220;playing the long game,&#8221; and that the performance &#8220;proves our strategy is working\u2014from our diversified portfolio of iconic footwear franchises to our stellar growth in apparel and our global brand footprint.&#8221;\n<\/p>\n<p id=\"mntl-sc-block_84-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> On now sees full-year revenue of CHF2.91 billion ($3.60 billion), compared to the earlier estimate of CHF2.86 billion ($3.53 billion), and gross\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/p\/profitmargin.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">profit margin<\/a>\u00a0in the range of 60.5% to 61.0%, versus the previous outlook of 60.0% to 60.5%.\n<\/p>\n<p id=\"mntl-sc-block_85-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Shares of On Holding entered Tuesday down nearly 17% year-to-date.\u00a0\n<\/p>\n<p id=\"mntl-sc-block_86-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/bill-mccoll-5186338\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">Bill McColl<\/a>\n<\/p>\n<p><strong>Major Index Futures Tick Lower<\/strong><\/p>\n<p>11 hr 49 min ago<\/p>\n<p id=\"mntl-sc-block_87-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Futures tied to major U.S. stock indexes were down fractionally ahead of the release of closely watched inflation data this morning.\n<\/p>\n<p id=\"mntl-sc-block_88-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> S&amp;P 500 futures\n<\/p>\n<p>TradingView<\/p>\n<p id=\"mntl-sc-block_90-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Nasdaq 100 futures\n<\/p>\n<p>TradingView<\/p>\n<p id=\"mntl-sc-block_92-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Dow Jones Industrial Average futures\n<\/p>\n<p>TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"Biggest S&amp;P 500 Movers on Tuesday 1 hr 41 min ago Advancers Spirit Aviation Holdings (FLYY) warned it\u00a0may&hellip;\n","protected":false},"author":3,"featured_media":140959,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[64,67,132,68],"class_list":{"0":"post-140958","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-united-states","10":"tag-unitedstates","11":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115018527309144694","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/140958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=140958"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/140958\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/140959"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=140958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=140958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=140958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}