The Fed would not work without the government granting it exclusive control of the issue of banknotes. Not coincidentally, the Fed has become a reliable buyer of its debt.
Cooperman takes conservative view for portfolio due to Trump's second term and high interest rates. Favors cash and undervalued stocks like FIHL, LAD, VRT.
A significant trading signal occurred for Netflix Inc. (NFLX) as it demonstrated a Power Inflow at a price of $978.23. NFLX rose 1.6% after this signal.
AST SpaceMobile reported fourth-quarter sales of $1.92 million. The company reported a fourth-quarter adjusted loss of 18 cents per share, missing analyst estimates for a loss of 17 cents per share, according to Benzinga Pro.
Shares of fabless chip and software maker Broadcom (NASDAQAVGO)
fell 6.3% in the afternoon session as the major indices tumbled after the Trump administration confirmed that the planned 25% tariffs on imports from Canada and Mexico, two of the largest trading partners of the United States, would proceed as planned. The news added to the market's growing unease, which had been building since the start of 2025. For Wall Street analysts, investors, and businesses, the announcement underscored the urgent need to plan ahead and factor the potential downside of the tariffs into their financial forecasts. Key concerns included rising production costs, which are often passed on to consumers, and the risk of inflation, further heightening economic uncertainty.
Shares of exercise equipment company Peloton (NASDAQPTON)
fell 5.8% in the afternoon session as the major indices tumbled after the Trump administration confirmed that the planned 25% tariffs on imports from Canada and Mexico, two of the largest trading partners of the United States, would proceed as planned. The news added to the market's growing unease, which had been building since the start of 2025. For Wall Street analysts, investors, and businesses, the announcement underscored the urgent need to plan ahead and factor the potential downside of the tariffs into their financial forecasts. Key concerns included rising production costs, which are often passed on to consumers, and the risk of inflation, further heightening economic uncertainty.
Shares of networking chips designer Marvell Technology (NASDAQMRVL)
fell 5.9% in the afternoon session as the major indices tumbled after the Trump administration confirmed that the planned 25% tariffs on imports from Canada and Mexico, two of the largest trading partners of the United States, would proceed as planned. The news added to the market's growing unease, which had been building since the start of 2025. For Wall Street analysts, investors, and businesses, the announcement underscored the urgent need to plan ahead and factor the potential downside of the tariffs into their financial forecasts. Key concerns included rising production costs, which are often passed on to consumers, and the risk of inflation, further heightening economic uncertainty.
Okta reported fourth-quarter revenue of $682 million, beating analyst estimates of $669.46 million, according to Benzinga Pro. The cloud-native cybersecurity company reported adjusted earnings of 78 cents per share, beating analyst estimates of 74 cents per share.
Tesla Inc. (NASDAQTSLA) shares are trading lower Monday as investors react to rising macroeconomic uncertainty following U.S. President Donald Trump's confirmation of new tariffs.
