David Tepper says Fed could cut a few more times, but easing too much risks entering ‘danger territory’
His comments come after the central bank lowered interest rates by a quarter point Wednesday, while signaling two more reductions are coming this year.
Olive Garden owner Darden Restaurants disappoints on earnings but hikes sales outlook
Olive Garden owner Darden Restaurants missed fiscal 2026 first quarter earnings estimates but raised its fiscal 2026 forecast for revenue growth.
Alphabet to build on recent gains after favorable court ruling, Piper Sandler says
The latest ruling for Google in the company’s antitrust case will likely remove any overhang for Alphabet shares, Piper Sandler wrote Thursday.
Covid shot access, coverage at stake as RFK Jr.’s hand-picked vaccine panel convenes
Some experts warn that weakening recommendations for Covid vaccines and other shots could make it harder for some people to access jabs and have them covered.
American Express unveils refreshed Platinum card with $895 annual fee, upping the ante in luxury cards
American Express’ move highlights an arms race of sorts when it comes to catering to wealthy consumers. JPMorgan and Citi released updated or new cards recently.
RBC upgrades CSX, says Union Pacific-Norfolk Southern bodes well for the railroad stock
The firm upgraded the rail transportation giant to outperform from sector perform.
Intel surges 30% after Nvidia says it will invest $5 billion in chipmaker, co-develop data center and PC products
Nvidia said it will invest $5 billion in Intel as part of a deal to co-develop data center and PC products with the troubled chipmaker which took on the U.S. government as an investor last month
The pomp and pageantry ends as Trump’s state visit gets down to business
Trump is heading to Chequers, the official country residence of Prime Minister Keir Starmer, for talks with the British leader and business delegations.
Fed forecasts only one rate cut in 2026, a more conservative outlook than expected
The Fed’s dot plot, which shows 19 individual members’ expectations, indicates a median estimate of 3.4% for the federal funds rate at the end of 2026.
Hyundai adjusts full-year forecast, citing tariffs, ahead of investor day
Hyundai is increasing its revenue expectations for 2025, despite ongoing U.S. tariffs causing the automaker to lower its expected operating profit for the year.