Shares of the full-service restaurant chain are rocketing 50% in premarket trading Tuesday, a day after it announced it was being acquired by TriArtisan Capital Advisors, Treville Capital Group, and Yadav Enterprises for $620 million in cash. For the year, Norwegian shares are down more than 20%, but Royal Caribbean’s are up roughly 15% and Carnival’s are 8% higher. Productivity improvements may drive inflation below the Fed’s 2% goal, returning it to about the level it was before the pandemic disrupted global supply chains. Analysts at William Blair and UBS, who have neutral ratings for the stock, also voiced concerns Palantir’s valuation would make it one of the more expensive names in software on a free cash flow basis, despite the better-than-expected quarterly results. The tech-heavy Nasdaq, benchmark S&P 500, and blue-chip Dow Jones Industrial Average finished down a respective 2%, 1.2%, and 0.5% a day after the indexes closed mixed.
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Some of Trump’s trade moves have roiled markets, and legal challenges to his policies suggest the possibility of further uncertainly whatever the outcome. The inclusion of a company in the Dow Jones Industrial Average does not depend on defined criteria. Instead, an independent Wall Street Journal commission decides whether a share is to be included or excluded. There are no fixed times for reviewing the composition of the index, since changes are only made by the commission as and when they are needed. Employers announced over 153,000 job cuts last month, marking the worst October for layoff announcements in 22 years.
The comments came after the CFO of OpenAI alluded to a federal backstop for new chip investments, which OpenAI CEO Sam Altman refuted later Thursday. Gold is looking to find a strong foothold above the $4,000 threshold early Friday, with buyers returning in tandem with safe-haven flows. The focus now remains on the preliminary release of the University of Michigan Consumer Sentiment data for a fresh take on the health of the US economy. Denny’s said the deal is expected to close in the first quarter of 2026, and then its shares would no longer be listed on the Nasdaq.
Aided by expanded retail vehicle sales as part of its «Buy Right, Hold Right, Sell Right» strategy, the Estero, Fla.-based firm also reported revenue that topped estimates at $2.48 billion. Hertz swung to a third-quarter GAAP profit of $0.42 per shares from a loss of $4.34 per share a year ago, and an adjusted profit of $0.12 per share from an adjusted loss of $0.68 per share. Apple shares were up nearly 1% Tuesday while many of its tech brethren are declining sharply. The stock may have been aided by a Bloomberg report that Apple «is preparing to enter the low-cost laptop market for the first time, developing a budget Mac aimed at luring away customers from Chromebooks and entry-level Windows PCs.»
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Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc. Axon Enterprises also announced it had agreed to acquire emergency communications firm Carbyne for $625 million, a deal it expects to close in the first quarter of 2026. The cost of daycare increased by 5.2% in September compared to the same period last year, according to a report from Bank of America. That is almost twice as fast as overall inflation, which rose 3% annually in September, according to the Bureau of Labor Statistics.
- Shares of Palantir Technologies (PLTR) were down 9% around $189 in recent trading, making it one of the leading decliners on the S&P 500 and Nasdaq, a day after the company posted record revenues that blew well past analysts’ expectations and boosted its full-year outlook for the third straight quarter.
- To buy a house for $410,800, the median price of a home in the U.S. through the second quarter, would require a loan of around $330,000 with a 20% down payment.
- Aussie and Pound are on divergent paths as respective central banks meet next week.
- Shares of Advanced Micro Devices (AMD) initially appeared headed for a similar fate, falling sharply in premarket trading even though the firm late Tuesday reported record quarterly results above analysts’ projections as booming demand for AI helped boost sales of its data center chips.
- AMD’s stock has more than doubled in value this year, with much of its rise fueled by optimism spurred by the OpenAI deal last month.
- The shares were down about 2% recently amid a broader market decline led by the tech sector as worries about an AI bubble weigh heavy.
It’s the 34th day of the government shutdown that began on Oct. 1, tying it with the longest-ever government shutdown that took place in 2018. That shutdown also lasted 34 days, but wasn’t a full government work stoppage like this one, since some government agencies were funded through congressional appropriations before that shutdown began. Shares of Pinterest (PINS) plunged after the visual social media and search company missed profit expectations and gave weak holiday quarter forex trading simulator guidance.
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The Warsaw, Ind.-based firm reported revenue that increased nearly 10% year-over-year to $2.00 billion, but it came in a tick below consensus estimates of analysts surveyed by Visible Alpha. The chipmaker yesterday posted record quarterly results and an upbeat outlook on surging demand for its data center chips—and its stock has hardly budged. Advanced Micro Devices (AMD) shares were up about 2%, near $255, in recent trading as the broader tech sector looked to rebound from yesterday’s sell-off. Shares of Axon Enterprises (AXON) tanked 18% in premarket trading Wednesday, a day after the Scottsdale, Ariz.-based firm reported an adjusted profit of $1.17, well below the $1.49 consensus estimate of analysts surveyed by Visible Alpha.
For the current quarter, Pinterest sees revenue in the range of $1.31 billion to $1.34 billion, while Visible Alpha analysts are anticipating $1.34 billion. The burger chain’s emphasis on inexpensive meals has attracted more high-income Americans, the company said, though it hasn’t stemmed a two-year slide in traffic from low-income consumers. Traffic among high-earners increased by nearly double digits last quarter, while visits from low-income households fell by a similar amount, CEO Christopher Kempczinski said on a conference call Wednesday.
- Fedspeak, the US Supreme Court and US data could challenge the Dollar’s current strength.
- The company posted third-quarter adjusted earnings per share of $0.38, three cents below what analysts surveyed by Visible Alpha were looking for.
- Roughly $500 million ran out of spot ether ETFs over the same time period.
- BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC) and Grayscale Bitcoin Trust (GBTC) collectively saw net outflows of some $1.3 billion since Oct. 29, according to data platform SoSoValue.
- The focus now remains on the preliminary release of the University of Michigan Consumer Sentiment data for a fresh take on the health of the US economy.
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Excluding the Covid pandemic era, this marks the second-worst Challenger Job Cuts print since data collection and reporting began. Shares of big cruise lines fell sharply at the open Tuesday after Norwegian Cruise Line Holdings (NCLH) reported a third-quarter revenue miss. Uber sees fourth-quarter adjusted EBITDA of $2.41 billion to $2.51 billion, which would represent 31% to 36% year-over-year growth. However, the midpoint of that range is below the $2.49 billion consensus projection of analysts surveyed by Visible Alpha. Uber Technologies (UBER) was one of the worst-performing stocks in the S&P 500 early Tuesday after the ridesharing giant issued a soft adjusted EBITDA forecast for the current quarter.
Ozempic sales added 3% to DK30.74 billion ($4.73 billion), better than anticipated. Shares of Zimmer Biomet, which entered Wednesday down 2% this year, dropped almost 14%. Shares of both Seagate Technology Holdings and Western Digital have more than tripled this year and Micron stock has more than doubled amid robust AI infrastructure demand. The tech-heavy Nasdaq, blue-chip Dow Jones Industrial Average, and benchmark S&P 500 closed up a respective 0.7%, 0.5%, and 0.4%.
The Dow Jones Industrial Average (DJIA) tumbled 400 points at its lowest on Thursday, falling to its lowest valuation in nearly two weeks as equity indexes were crushed underfoot by a broad pivot out of AI tech stocks. US economic data is restricted to volatile private datasets amid the ongoing federal government closure, causing investors to fret about wonky release figures that have a poor historical correlation to large-scale government data collection and reporting. The Bethesda, Md.-based company posted adjusted earnings of $2.47 per share on revenue that increased 4% year-over-year to $6.49 billion. Analysts polled by Visible Alpha had expected $2.39 and $6.43 billion, respectively.
The price of bitcoin, the world’s best-known and most-valuable cryptocurrency, earlier today fell more than 3% to its lowest point—below $103,000—since hitting its all-time high price of over $126,000 in early October. The weakness extends declines that began after what is now called the crypto market’s Black Friday in the middle of last month, which helped pull bitcoin down for the month to mark its first red October since 2018. Despite the strong results, several Wall Street analysts said they worry Palantir’s stock could be overvalued after a torrid rally this year.
Even with Tuesday’s losses, the shares are up some 150% this year, leaving it among the best-performing stocks in the S&P 500 for 2025. So far, the shutdown has delayed October releases on U.S. employment levels, retail sales and new home sales. It’s also likely to delay another release of the U.S. jobs report, which was originally scheduled for Friday. Taser maker Axon Enterprises’ third-quarter sales jumped 31% year-over-year and topped analysts’ expectations. The company now sees full-year operating profit growth of 4% to 7%, and sales of 8% to 11%.
McDonald’s (MCD) brought back Extra Value Meals this fall and its $2.99 Snack Wrap this summer, after previously rolling out $5 Meal Deals. Seagate Technology Holdings (STX) was the top-performing stock in the S&P 500 Wednesday afternoon, rising more than 11% to hit an all-time high. Gold futures rose 0.8% to just below $4,000 an ounce, while West Texas Intermediate futures, the U.S. crude oil benchmark, fell 1.6% to below $60 a barrel. Also likely aiding markets was sharp questioning by Supreme Court justices of an attorney representing the White House. The court is determining whether Trump has the authority to impose tariffs without Congress’s approval under the International Emergency Economic Powers Act.