As I sit in my backyard this evening, the /NQ is exploding higher by hundreds of points to lifetime highs. As high as tech stocks are, their earnings reports were jaw-droppingly good.
The Nifty staged a 200-point recovery after early losses triggered by U.S. tariff announcements. Analyst sees technical support at 24,550 for the Nifty.
Kamala Harris announced she won't run for CA governor. Her exit clears the way for a crowded Dem field. Trump calls for legal action against her, Beyoncé, Oprah, and Sharpton over alleged campaign-finance violations.
According to Pakistan’s financial ministry, the agreements involve a reduction of reciprocal tariffs, especially on Pakistan’s exports. The two sides did not provide details on the agreed tariff rates.
Used car retailer, Carvana Co. (NYSE: CVNA), reported a strong second quarter performance, fueled partly by the chaos and uncertainties surrounding President Donald Trump's trade and tariff policies during the quarter.
U.S. President Donald Trump has criticized Canada's decision to back statehood for Palestine, warning that this move could jeopardize trade negotiations between the two countries.
The company posted a ₹2,732 crore profit in Q1 with 4% revenue and volume growth, while strong trading activity and recent product launches added to investor interest.
Jim Cramer praised Meta and Microsoft's leadership after their blockbuster earnings, calling Zuckerberg and Nadella smarter than anyone he worked with at Goldman Sachs.
Yesterday was Fed day, with no change in interest rates, which should be bullish for the stock markets. It means they think the economy and inflation are under control.
Microsoft study: 40 jobs at high risk from AI, including interpreters, writers, sales reps, telemarketers, and political scientists. 40 jobs with low risk include physical work and manual labor roles. Some economists warn of potential labor crisis, while others believe AI will unlock creativity and new opportunities.
Among key user metrics, family daily active people (DAP) rose 6% YoY to 3.48 billion, ad impressions climbed 11%, and average price per ad increased 9%.
West Pharmaceutical Services delivered a quarter that outperformed Wall Street’s expectations, reflecting renewed strength in its core high-value product (HVP) components. Management attributed the results primarily to robust demand for GLP-1 elastomer products, ongoing conversions to HVP driven by regulatory upgrades, and the normalization of customer ordering patterns. CEO Eric Green highlighted that the company’s proprietary products segment saw particularly solid growth, with HVP components increasing 11.3% as West leveraged its pandemic-era investments to meet rising demand. Green explained, “Our improved performance was concentrated in our higher-margin businesses, which drove favorable margin expansion in the quarter.”
Amalgamated Financial’s second quarter was met with a significant negative market reaction, despite management highlighting steady deposit and loan growth as core drivers. CEO Priscilla Sims Brown emphasized that the bank’s commercial portfolios—particularly multifamily, commercial real estate, and commercial and industrial lending—supported results, while the consumer solar and residential portfolios continued to run off. The bank’s focus on expanding its lending platform, especially with experienced hires in California, was cited as a reason for optimism, yet investors appeared concerned about rising provisioning needs and the modest pace of loan growth relative to targets.
Tri Pointe Homes’ second quarter was marked by a significant year-over-year decline in sales, with revenue down 21.9%. The market responded negatively, reflecting concerns about the company’s shrinking backlog and softer demand trends discussed by management. CEO Douglas Bauer attributed these challenges to policy uncertainty and shifting buyer confidence, noting, “The near term remains choppy,” as the company continues to navigate rising inventory levels in select markets and a softer pricing environment.
