With Jerome Powell ruling out a rescue mission this week and incurring the wrath of Donald Trump, Wall Street is desperate for a lifeline as tariff-lashed markets slide anew.
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Nvidia fell 3% following a $5.5 billion charge tied to U.S. export controls; AMD shares also declined. Hertz Global Holdings Inc. is exploring ways to raise debt to bolster its balance sheet as it faces a potential payout to bondholders and to address looming liabilities, according to people with knowledge of the matter. https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i1xFAg4_uCWI/v0/1200x-1.jpg In the closing of the recent trading day, Shopify (SHOP) stood at $83.65, denoting a -0.37% change from the preceding trading day. Toolmaker Snap-on Inc. fell the most in more than a year after its made-in-America messaging was overshadowed by a tariff-driven sales slump, illustrating how even firms with diversified supply chains are being hurt by proposed levies. https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i4Bbww6qHF48/v1/1200x-1.jpg Pfizer (PFE) closed the most recent trading day at $22.15, moving +0.48% from the previous trading session. Bill Ackman’s Pershing Square Capital Management has amassed a nearly 20% stake in rental car company Hertz Global Holdings Inc. in a bet that tariffs will push up car prices, the billionaire said in a social media post. https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i_nwiedDxZaQ/v0/1200x-1.jpg In the closing of the recent trading day, NextEra Energy (NEE) stood at $66.31, denoting a +1.02% change from the preceding trading day. Asset manager Generali Investments Holding SpA and investment firm Partners Group are teaming up to launch a private credit secondaries fund, according to a statement seen by Bloomberg News. https://assets.bwbx.io/images/users/iqjWHBFdfxIU/it2JJDTEhdIU/v1/1200x-1.jpg US stocks were mixed Thursday as President Donald Trump touted trade deal progress with Europe and China and investors digested a threat from the president to fire Federal Reserve Chair Jerome Powell.
S&P 500 Rises, Dow Falls 500 Points as UnitedHealth Tumbles on Earnings Miss
Hertz Looks to Raise More Debt to Boost Cash on Balance Sheet
Shopify (SHOP) Stock Drops Despite Market Gains: Important Facts to Note
Snap-on Falls as Tariff Reality Overshadows Made-in-USA Pitch
Pfizer (PFE) Laps the Stock Market: Here’s Why
Bill Ackman Makes Big Bet on Hertz Becoming Tariff Winner
NextEra Energy (NEE) Exceeds Market Returns: Some Facts to Consider
Generali Investments, Partners to Launch Credit Secondaries Fund
Stocks close out choppy day after Trump calls for ousting Fed Chair Powell