Lisa Cook’s lawsuit against Trump skirts mortgage fraud allegation
The document calls the fraud allegation “unsubstantiated and unproven” but does not go into detail about why that is the case.
Stocks making the biggest moves midday: Nvidia, Pure Storage, Snowflake, Hormel and more
These are the stocks posting the largest moves in midday trading.
Pure Storage stock soars more than 30% to record as Meta deal bolsters results, outlook
Shares of Pure Storage had their best day ever and headed for a record after the company reported better than expected results and lifted its guidance.
European Union to remove tariffs on U.S. industrial goods, triggering cuts for EU autos
The European Union plans to remove tariffs on U.S. industrial goods as it looks to ensure Washington cuts duties on auto imports as soon as possible.
Bitcoin is now less of a wild ride so big investors will get more comfortable buying it, says JPMorgan
Bitcoin’s volatility has collapsed from 60% at the start of 2025 to about 30%.
Nike to lay off about 1% of corporate staff in its latest effort to refocus the business
Nike is laying off less than 1% of its corporate staff as part of its efforts to realign how its teams are structured across the business.
The AI investment case is intact, says UBS after Nvidia results
Wall Street has had a lackluster response to Nvidia’s latest earnings report. Yet the overall strength of the results bodes well for the AI trade.
Why pharma stocks are shrugging off RFK’s new Covid vaccine restrictions
Investors didn’t see the change as a major sell-the-news event.
White House says it fired transportation regulator in latest move to reshape Trump government
Robert E. Primus, who has served on the independent Surface Transportation Board, said he would ‘explore my legal options’ if prevented from continuing his work.
Bank of America tells clients to not sleep on this AI play
GitLab is set to report fiscal second-quarter results on Sept. 3. Shares have pulled back 12% so far in 2025.