Stock Indexes Post Weekly Losses Despite Gaining Friday
1 hr 25 min ago
Friday’s advances couldn’t prevent major stock indexes from ending lower for the week.
The Nasdaq fell about 0.6% this week to 22484.07, while the S&P 500 and Dow Jones Industrial Average slipped 0.3% to 6643.70 and 0.1% to 46247.29, respectively.
Still, the three indexes remain near their all-time closing highs, which they all hit Monday. The Nasdaq is set to close higher for a sixth straight month, and the S&P 500 and Dow are poised to post their fifth consecutive month of gains.
For the year, the tech-heavy Nasdaq is up more than 16%, the benchmark S&P 500 has advanced 13%, and the blue-chip Dow has added 9%.
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Trump’s New Furniture Tariffs Are Lifting Some Stocks, Dragging Down Others
2 hr 21 min ago
President Donald Trump’s latest tariffs have led to some early winners and losers among furniture stocks.
Newly announced tariffs on furniture ripped through sector stocks on Friday, lifting shares of companies with a significant domestic manufacturing footprint and dragging down high-end retailers, such as RH (RH).
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The U.S. will impose a 50% tariff on kitchen cabinets, bathroom vanities and related products, beginning Oct. 1, and a 30% tariff on upholstered furniture, Trump said on Truth Social Thursday night. The import taxes are a response to the “large scale FLOODING” of these products into the U.S., which hurts domestic manufacturing, and therefore, poses a national security threat, Trump said.
The U.S. imported $44.4 billion furniture and fixtures in 2024, according to data from the Commerce Department, including $6.4 billion in upholstered household furniture and at least $8.2 billion in wood cabinets, countertops and furniture.
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Electronic Arts Stock Soars on Report Videogame Maker Is Near Deal to Go Private
2 hr 44 min ago
Emanuele Cremaschi / Getty Images
Electronic Arts (EA) shares weren’t moving much Friday afternoon. Then a report dropped the videogame maker was near a deal to be taken private, and the stock took off.
Shares of EA soared 15% with just over an hour to go in the session after The Wall Street Journal reported that the company was “nearing a deal to go private in what would likely be the largest leveraged buyout of all time.” Citing people familiar with the matter, the newspaper said EA could be valued at as much as $50 billion in a deal involving private-equity firm Silver Lake and Saudi Arabia’s Public Investment Fund.
The report dropped just after 2:30 p.m. ET, and shares immediately skyrocketed and swiftly became the top gainer in both the S&P 500 and Nasdaq.
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Boeing Shares Are Surging. Here’s Why
3 hr 5 min ago
Federal regulators are easing restrictions on some Boeing jets, including 737s and 787s, the FAA confirmed Friday, potentially allowing the plane maker to produce and deliver them faster.
Boeing will be allowed to do the final safety check on some of its 737 Max and 787, or Dreamliner, jets, the FAA said. Regulators stopped allowing Boeing to issue its own airworthiness certificates, which indicate a plane is safe to fly, for 737 Max airplanes in 2019 following two fatal crashes, and for Boeing 787 airplanes in 2022 “because of production quality issues,” the agency said.
JASON REDMOND / AFP via Getty Images
“The FAA will allow limited delegation to Boeing for issuing airworthiness certificates for some 737 MAX and 787 airplanes starting on Sept. 29, 2025,” the regulator said.
“This decision follows a thorough review of Boeing’s ongoing production quality and will allow our inspectors to focus additional surveillance in the production process,” the FAA added. “The FAA will continue to maintain direct and rigorous oversight of Boeing’s production processes. Boeing and the FAA will issue airworthiness certificates on alternating weeks.”
Boeing (BA) shares were up nearly 4% in afternoon trading Friday, and have gained about 25% this year.
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Here’s What President Trump Tackled In His Latest Tariffs
3 hr 15 min ago
President Donald Trump unveiled a slew of new tariffs that include 100% levies on imported pharmaceuticals imports, though he exempted drug firms that are building plants in the U.S.
Trump also announced levies on heavy trucks, kitchen cabinets, bathroom vanities, and upholstered furniture, expanding industry-focused levies he has put in place since taking office this year. The new tariffs will take effect Oct. 1, he said on his Truth Social platform.
Leon Neal / Getty Images
Trump’s new tariffs on branded or patented pharmaceutical imports didn’t include generic drugs, which according to the Food and Drug Administration (FDA) make up more than 90% of prescriptions filled in the U.S.
“We will be imposing a 100% Tariff on any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America. ‘IS BUILDING’ will be defined as, ‘breaking ground’ and/or ‘under construction,'” Trump said.
Among the drug giants that have announced multibillion-dollar U.S. expansion plans in the U.S. this yea U.K.-based AstraZeneca (AZN), Switzerland’s Roche and Novartis (NVS), and France’s French drugmaker Sanofi (SNY), along with U.S. drugmakers Eli Lilly (LLY), maker of weight-loss drug Zepbound, and Johnson & Johnson (JNJ).
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Inflation Is Running High—Here’s What Experts Expect for the Rest of the Year
3 hr 34 min ago
Economists expect inflation to keep climbing in the fourth quarter, as President Donald Trump’s tariffs continue to push up prices for everyday goods.
Most mainstream forecasts call for inflation to accelerate in the fourth quarter, as companies pass on the cost of Trump’s sweeping new import taxes on to their customers. The Consumer Price Index is expected to rise 3% over the year in the fourth quarter, according to an August survey of professional forecasters by the Federal Reserve Bank of Philadelphia. That would be a tick up from the 2.9% annual CPI inflation in August, and the highest since May 2024.
Frederic J. Brown /AFP via Getty Images
Inflation is just below 3% by several measures. Consumer prices as measured by Personal Consumption Expenditures rose 2.7% over the year in August, up from 2.6% in July, the Bureau of Economic Analysis said Friday. “Core” PCE, which excludes volatile prices for food and energy, and is considered a more reliable indicator of broad inflation trends by economists, rose 2.9% annually in August, the same is in July.
The cost of imported items is rising as a result of tariffs, which are meant to encourage companies to locate factories in the U.S. Companies have been reluctant to pass costs on to consumers for fear of losing business, but according to surveys, more are planning to do so in the coming months.
A major question is how much of the double-digit tariffs, which vary by country and by sector, will be passed on to consumers. Companies were passing through 70% of the costs to consumers, the Yale Budget Lab found in an analysis in June. However, because some companies have reported delaying price increases, there may be more tariff-related inflation in the months ahead.
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Wall Street Analysts Are Catching Up to Tesla Stock’s Climb With Deliveries Data Coming
3 hr 54 min ago
Wall Street analysts have largely been behind as Tesla’s stock has raced higher. They’re starting to catch up.
The EV maker’s shares have been hot lately, rising some 27% this month alone through Thursday’s close around $423. (They’re up about 2% in Friday trading; read Investopedia’s full coverage of today’s action here.) The Street’s mean price target, however, is substantially lower, according to Visible Alpha data, recently hanging out around $340—a level the stock hasn’t closed below since early this month.
The analyst average, however, got a bump today. Wedbush lifted its price target to $600 from $500. “An accelerated AI path for the company is now on the horizon and investors are underestimating the transformation underway at the company,” its analysts wrote. CEO Elon Musk, they said, “is now driving Tesla into its next stage of growth.”
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Deutsche Bank, meanwhile, lifted its price target to $435 from $345 while maintaining a bullish rating. Some of the bank’s reasoning was based on optimism regarding third-quarter deliveries figures, which are expected next week: Deutsche Bank expects the company to report a number north of 461,000, higher than the Visible Alpha analysts’ average.
But more of their outlook also goes further than vehicle sales, echoing themes Tesla bulls at Wedbush and elsewhere have voiced in recent weeks regarding the company’s burgeoning business lines and a financial commitment to (and from) CEO Elon Musk. Other analysts have also recently lifted their targets—among them those at Baird, who on Sept. 19 set a $548 target.
“We think Elon Musk’s clear focus on Tesla’s most important efforts (robotaxi and Optimus) and the recent compensation package have removed a large overhang on the stock and going forward, will allow Tesla to benefit from being a leader in embodied AI,” Deutsche Bank wrote.
Bitcoin Is Back Below $110,000. Here’s What to Know About the Latest Crypto Sell-Off.
4 hr 18 min ago
A chill in the market has taken bitcoin down a notch. Has the “crypto summer” come to an end?
The price of bitcoin, the world’s largest and best-known cryptocurrency (BTCUSD), fell below $110,000 Thursday evening, down more than 5% for the week and more than 10% off its August all-time high over $124,000. Altcoins like ether (ETHUSD) and solana (SOLUSD) also slid, dragging the estimated total value of the crypto market under $4 trillion.
Crypto stocks have been hit, too. Bitcoin treasury stock Strategy (MSTR) and stablecoin issuer Circle (CRCL) has fallen about 10% in the past week, while crypto exchange Coinbase Global (COIN) dropped around 7%.
The latest sell-off started Sep. 21, when over $1.5 billion in leveraged-long positions in bitcoin were liquidated, a move that dragged on other coins.
The phenomenon refers to when trading positions of people who borrowed heavily to bet that bitcoin would rise are closed after price action exceeds a trader’s margin requirement.
Some market watchers expect more pain. Polymarket bettors have recently placed a 60% probability on the price of bitcoin dipping below $100,000-level before year’s end.
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A New Data Center Stock Is Coming To Wall Street, But Can It Soar on AI Hype?
4 hr 51 min ago
Wall Street is getting a buzzy new AI data center stock soon, but investors looking for Nvidia-like returns may want to look elsewhere.
Fermi America, a nascent AI data center project co-founded by former Texas governor and Energy Secretary Rick Perry, earlier this week filed to go public as a real estate investment trust (REIT). The company is targeting an approximately $13 billion valuation.
Eli Hiller / The Washington Post via Getty Images
Fermi’s real estate portfolio will consist of a single 6,000-acre energy and data center campus being built with the Texas Tech University System outside Amarillo, Texas. The campus is expected to house 18 million square feet of AI data centers, powered by 11 gigawatts of nuclear, natural gas, wind, and solar energy. Fermi is aiming to have 1.1 gigawatts of power online by the end of next year.
Fermi will join a small group of REITs focused on data centers, for which AI is driving up demand. Data center REITs like Equinix (EQIX) and Digital Realty (DLR) own and operate vast portfolios of data centers through which clients access cloud computing platforms and AI models.
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Paccar Stock Surges as Trump Announces Tariff on Heavy Truck Imports
6 hours ago
BRENDAN SMIALOWSKI / AFP via Getty Images
Paccar (PCAR) led the Nasdaq and was one of the top-performing stocks in the S&P 500 around midday after President Trump announced a tariff on imports of heavy trucks.
Shares of the Bellevue, Wash.-based trucking firm, which owns the Peterbilt and Kenworth Brands, surged 5% in recent trading.
Despite today’s advance, Paccar shares remain down about 3.5% this year.
Caffeine in Sprays and Smoothies? You Can Thank Energy Drinks for That.
7 hr 19 min ago
Products that promise you pep are popping up all over.
On social media, influencers promote oral energy sprays. Target stocks coffee-infused workout bars, while Amazon sells Fruit Slaps, a caffeinated smoothie. We’re in a “caffeine renaissance,” according to Duane Stanford, editor and publisher of industry publication Beverage Digest, inspired in large part by energy drinks’ success.
Julia Beverly / Getty Images
Energy drinks helped Americans acclimate to getting caffeine outside of coffee and tea, where it occurs naturally, and soda. Early brands cultivated niche followings. Manufacturers then spent years assuring Americans that the drinks weren’t as extreme as they seemed as they pursued a more pedestrian audience, Stanford said—and the message resonated.
Today, energy drinks are a nearly $24 billion business, according to market research firm NielsenIQ. They’re the second most consumed supplement—after multivitamins—among teens and younger adults. The success has inspired restaurants to add energy drinks, and manufacturers to add caffeine to everything from hot sauce to gummy bears.
“People are no longer just happy to have [caffeine] in one or two types of applications or products,” Stanford said. “They want it in a lot of different formats.”
Read the full article here.
The Fed’s Favorite Inflation Measure Stayed Stubbornly High In August
8 hr 7 min ago
There’s still no sign that inflation is headed down towards the Federal Reserve’s goal of a 2% annual rate.
Consumer prices as measured by the Personal Consumption Expenditures price index, rose 2.7% over the year in August, up from a 2.6% annual increase in July, the Bureau of Economic Analysis said Friday.
“Core” PCE prices, which exclude volatile prices for food and energy, rose 2.9% over the year, the same as in July. Policymakers and economists closely watch “core” prices because they are a better indicator of broad inflation trends.
The increase matched the expectations of forecasters, and the lack of a surprise inflation surge likely kept expectations in financial markets intact that the Fed will cut its key interest rate in October for the second time this year despite concerns that inflation is still higher than the central bank’s target. President Donald Trump’s tariffs are pushing up prices as merchants pass the cost of the import taxes on to consumers, economists have said.
Investopedia Interview: Swiss Sneaker Maker On CEO Martin Hoffmann
9 hr 1 min ago
For decades, popular sneakers carried instantly identifiable brand markers–like a swoosh, or three parallel diagonal stripes. Other labels have joined the party.
One example: the head-and-shoulders-like logo and honeycomb-evoking soles on shoes from Swiss brand On Holding (ONON), which reported 2024 sales that grew nearly 30%.
The company reported its latest quarterly earnings in August, turning in midyear results that exceeded investors’ expectations. Investopedia spoke with CEO Martin Hoffmann in a pair of interviews, one shortly after the release of the data and the other in the weeks that followed. Highlights from those interviews, which covered tariffs, global markets, and more, have been edited and consolidated for brevity and clarity.
Courtesy On Holding
How is On navigating the tariffs landscape, given that a majority of its footwear is made and imported from Asia?
Whether we’re facing tariffs or a pandemic, it’s important to know what you stand for as a brand. We’re still growing fast as a premium brand. The combination gives us many opportunities to be able to offset the impact as a company as we bring new products at a higher level of innovation and at higher price points.
It’s also super important for me to focus on the long term and not make any kind of short-term moves here. Our mission is to grow both top line and profitability and we will continue doing that.
Read the full interview here.
How Do You Bet Against Intel’s Red-Hot Stock Right Now?
9 hr 48 min ago
Not long ago, it was hard to find people who were excited about Intel’s stock.
But these days, even skeptics are finding it difficult to look away, with President Donald Trump’s recent endorsement, a high-profile investment from Nvidia (NVDA), and rumors swirling about still more deals—leaving some investors wondering whether persistent concerns about the chipmaker’s business should be overlooked to get in on the action.
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“We have been of the belief that Intel remains fundamentally challenged though have been terrified to short it,” Bernstein analysts wrote Thursday. “As much as we hate to admit it ‘Trump wants the stock to go up’ may in fact be a valid bull case for now (not one we are prepared to make but given everything that is happening we wouldn’t talk you out of it for now).”
Intel’s (INTC) stock jumped nearly 9% Thursday to close around $34. A report that Apple (AAPL) could be the the struggling chipmaker’s next big investor has extended a torrid run over the past week since the struggling chipmaker announced Nvidia’s $5 billion pledge. The shares have added roughly 70% of their value this year, though they remain well off their 2021 highs.
Seaport Research Partners analysts, who upgraded the stock to neutral from a bearish rating this week, said they expect the trend could continue—at least in the near term. “The stock is likely to be driven by follow-on investments,” they wrote, though signs of improving fortunes at Intel’s foundry business are also vital. (Seaport said it remained “cautious on the company’s longer-term fundamentals.”
Read the full article here.
Stock Futures Little Changed Ahead of PCE Reading
10 hr 22 min ago
Futures tied to the Dow Jones Industrial Average were up 0.1%.
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S&P 500 futures were little changed.
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Nasdaq 100 futures slipped 0.1%.
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