Stock Market and Financial News

Stocks rose on Thursday as investors looked to recover from previous session declines. Economic data and post earnings moves from Nvidia and Salesforce influenced market sentiment. Berkshire Hathaway's Class A shares crossed the $700,000 threshold. Affirm's CEO reported a 'killer quarter' and shares popped nearly 25% before the market's open. Economic growth was revised higher for the second quarter. Bank of America analyzed the potential impact of the U.S. presidential election on large-cap internet stocks.

Lowe’s Financial Performance

Lowe’s slashes full-year forecast due to drop in sales and gloomy outlook, citing high inflation and interest rates. CEO mentions customers waiting for interest rate cuts. Despite challenges, Lowe’s beats Wall Street expectations in adjusted earnings but falls short in revenue. Net income drops compared to the previous year.

Airbnb Stock Plummets After Disappointing Second-Quarter Earnings

Airbnb stock has plummeted 14% in after-hours trading due to disappointing second-quarter earnings, showing signs of slowing demand from US customers. Despite revenue climbing 11% year-over-year, net income dropped 15%. The company is warning of a potential shift in travel trends towards hotels.

Tech Market Volatility and Investor Dilemma

Investors face dilemma of buying high-priced tech giants or waiting for a better entry point during market selloff. Mixed earnings results from tech companies causing uncertainty. Valuations are down but still high. Potential recession fears and AI spending concerns adding to market volatility.

Global Semiconductor Stocks Fall After Intel Earnings Miss and Nvidia Antitrust Investigation

Global semiconductor stocks fell after Intel reported a big miss on earnings and announced layoffs. Nvidia is under DOJ antitrust investigation. Chip stocks dropped in Asia and Europe due to a global market sell-off.

Financial News Updates

Summary of recent financial news including updates on stock market performance, Federal Reserve policy, major companies' earnings, and expert opinions on market trends.

Apple Quarterly Earnings Report

Apple's shares rose 7% after the company reported quarterly earnings that beat estimates and announced a record stock buyback program, despite a 4% drop in overall sales and a 10% decline in iPhone sales due to tough comparisons from the previous year.

Amazon's First Quarter Earnings Report

Amazon reported better-than-expected earnings and revenue for the first quarter, driven by growth in advertising and cloud computing. The company's operating income soared over 200% and net income more than tripled compared to the previous year. AWS accounted for 62% of total operating profit.

Effects of Aggressive Behavior in School on Future Earnings

A five-decade UK study found that children who displayed aggressive behavior at school are likely to earn more money in middle age, contrary to the belief that bullies do not prosper. Those with emotional instability earned less. Socio-emotional skills are important for earning potential and policymakers should introduce policies to support these skills in schools.

Stock Market Surge on Nvidia's Strong Outlook

Stocks climbed globally after Nvidia Corp.'s strong outlook reignited the artificial-intelligence frenzy. Treasury yields rose as jobless claims dropped. Nvidia's market capitalization could increase by $250 billion, setting a record. Investors are advised to hold or buy Nvidia stock on dips.

Impact of Middle East War on Earnings and Supply Chains

Investors and firms are concerned about the impact of the war in the Middle East on earnings, with boycotts affecting sales and Red Sea shipping disruptions threatening supply chains. Geopolitical tensions could lead to higher costs for businesses and impact profitability.