News
Important Only
Why Taiwan Semiconductor Stock Popped Today
Shares of Taiwan Semiconductor Manufacturing Company (NYSE: TSM) jumped 3% through 2:35 p.m. ET after CEO C.C. Wei told shareholders at the company's annual general meeting that TSMC expects to earn "record profit" in 2025.Of particular interest to investors, Wei said he's "not afraid" that Presiden...The Motley Fool
Wed, Jun 4
Wells Fargo CEO goes from fixer to builder as regulators lift punishments
Scharf says he became emotional as $1.95 trillion asset cap liftedFocus shifts to growth in credit cards, investment bankingWells Fargo shares rise nearly 9% this yearBy Nupur Anand, Lananh Nguyen NEW YORK, June 4 (Reuters) - Wells Fargo WFC.N CEO Charlie Scharf knows he has a reputation for ster...Reuters
Wed, Jun 4
Why AppLovin Stock Jumped 46% in May
Shares of AppLovin (NASDAQ: APP), the app-based adtech platform, were soaring last month as the company reported strong first-quarter earnings report, and benefited from a broader recovery in the market and a risk-on mentality as investors downplayed the threat from tariffs and of a slowdown in the ...The Motley Fool
Wed, Jun 4
REV Group Raises Guidance on Strong Q2
REV Group (NYSE:REVG) reported its fiscal 2025 second-quarter earnings on June 4, 2025, highlighting an 8% increase in consolidated mid-point revenue guidance and a 45% year-over-year hike in adjusted EBITDA guidance for fiscal 2025 driven by strong specialty vehicle operational gains. Management an...The Motley Fool
Wed, Jun 4
Why Wolfspeed Stock Is Soaring Today
Shares of Wolfspeed (NYSE: WOLF) are spiking on Wednesday. The chipmaker's stock was up 17.2% as of 2:21 p.m. ET, as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were up 0.2% and 0.4%, respectively.Wolfspeed's stock is recovering somewhat today after losing nearly 60% this...The Motley Fool
Wed, Jun 4
US STOCKS-Wall Street stocks edge up; trade choppy on weak economic data
Indexes up: Dow up 0.17%, S&P 500 0.29%, Nasdaq 0.44%CrowdStrike falls on downbeat quarterly revenue forecastWells Fargo up on Fed's move to lift punitive asset capGlobalFoundaries up on plans to increase investmentsBy Saeed Azhar, Kanchana Chakravarty and Sukriti Gupta NEW YORK, June 4 (...Reuters
Wed, Jun 4
BREAKINGVIEWS-Industrial mega-deal shows safe isn’t always sound
By Sebastian Pellejero NEW YORK, June 4 (Reuters Breakingviews) - Flowserve FLS.N and Chart Industries GTLS.N are following a simple premise: bigger is better. The industrial equipment makers on Wednesday announced a $19 billion all-stock merger of equals, creating a sprawling enterprise across ...Reuters
Wed, Jun 4
US economic activity declines as tariffs pressure prices, Fed says
June 4 (Reuters) - U.S. economic activity has declined and higher tariff rates have put upward pressure on costs and prices in the weeks since Federal Reserve policymakers last met to set interest rates, the U.S. central bank said on Wednesday in its latest snapshot of the nation's economy."...Reuters
Wed, Jun 4
Nio Q1 Revenue and Deliveries Up
Nio (NYSE:NIO) reported fiscal 2025 first-quarter earnings on June 3, 2025, delivering 42,094 vehicles in the first quarter, up 4.1% year over year and total revenue (GAAP) of RMB 12 billion, up 21.5% year over year and down 38.9% quarter over quarter. Vehicle gross margin (GAAP) reached 10.2%, and ...The Motley Fool
Wed, Jun 4
Why CoreWeave Rocketed 170% in May
Shares of CoreWeave (NASDAQ: CRWV) rocketed 169.5% in May, according to data from S&P Global Market Intelligence.CoreWeave had a busy month, not only recovering from April's "Liberation Day" along with the rest of the sector, but also holding its first earnings report since its March 28 initial publ...The Motley Fool
Wed, Jun 4
CrowdStrike hit by weak forecast, US government request for information
By Jaspreet Singh June 4 (Reuters) - Nearly a year after CrowdStrike's CRWD.O botched cybersecurity update crippled airlines, banks and hospitals for hours, the company is still reeling from the fallout.The company said on Wednesday U.S. regulators have asked it about certain transactions as ...Reuters
Wed, Jun 4
U.S. STOCKS ON THE MOVE-TransMedics, Centrus Energy, MongoDB
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8U.S. stocks edged higher on Wednesday, as strength in technology shares offset declines driven by weak economic data that deepened concerns about the impact of the Trump administration's...Reuters
Wed, Jun 4
Patriot National Bancorp jumps after $10.7 million direct stock deal
** Community bank Patriot National Bancorp's PNBK.O shares jump as much as 23.1%; last up 12.8% at $1.32** PNBK early Wednesday said it entered agreement to sell ~8.5 million shares to certain investors at $1.25 apiece for ~$10.7 million gross proceeds in a registered direct offering** Stock clo...Reuters
Wed, Jun 4
CrowdStrike Q1 Revenue Jumps 20%
CrowdStrike (NASDAQ:CRWD) reported first quarter fiscal 2026 results on June 3, 2025, exceeding internal expectations with $194 million in net new annual recurring revenue (ARR), $1.1 billion in total revenue (up 20% year over year), $279.4 million in free cash flow (25% margin), and 97% gross reten...The Motley Fool
Wed, Jun 4
Is Costco a Buy Now?
Costco (NASDAQ: COST) did it again in the fiscal third quarter of 2025. It posted yet another good earnings result. Management has proven, time and time again, that the business plan behind Costco is differentiated in a very good way. But is that enough to make Costco's stock worth buying? Here's a ...The Motley Fool
Wed, Jun 4
PREVIEW: MongoDB shares up about 3%; co due to report after the bell
** Shares of MongoDB MDB.O were up 3.1% in early afternoon trading on Wed ahead of the software co's qtrly results due after the closing bell** Analysts expect Q1 rev of $528.22 mln, up from $450.56 mln a yr ago and EPS of 66c/shr vs 51c a yr ago, according to LSEG ** The co in March gave dow...Reuters
Wed, Jun 4
Energy companies down after US data shows large builds in fuel stocks
** S&P 500 energy index .SPNY down 1.7%, tracking a dip in oil prices O/R** Brent crude futures LCOc1 falls 1.3% to $64.76/barrel, while U.S. West Texas Intermediate crude CLc1 down 1.1% at $62.72/barrel** Oil prices slipped after U.S. data showed larger-than-expected inventories of gasoline and...Reuters
Wed, Jun 4
Enterprise Products falls as US plans to deny ethane export requests to China
** Shares of pipeline operator Enterprise Products Partners EPD.N fall 1.2% to $21.12** Company says it received notice that the U.S. Commerce Department plans to deny emergency requests for three ethane export cargoes to China ** EPD adds the three cargoes of ethane to China total around 2.2 milli...Reuters
Wed, Jun 4
LIVE MARKETS-Dimensional's David Booth on recognizing the unknowable and trusting the market
Main US indexes up slightlyComm Svcs leads S&P sector gainers; Energy weakest groupDollar, bitcoin decline; crude off ~1.1%; gold up 0.7%US 10-Year Treasury yield falls to ~4.36%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts...Reuters
Wed, Jun 4
WRAPUP 2-US services sector contracts in May; businesses face higher prices
Services sector contracts in May amid tariffs cloudPrices measure for services inputs hits 2-1/2-year highBusinesses operating warehouses say tariffs are raising costsBy Lucia Mutikani WASHINGTON, June 4 (Reuters) - The U.S. services sector contracted for the first time in nearly a year in May wh...Reuters
Wed, Jun 4
