US stocks sink
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Shares of Chinese electric-vehicle maker XPeng jumped. Growth has exploded, and the car maker has reached the scale where profits and free cash flow are around the corner.The company announced Wednesday a first-quarter loss of three cents a share from sales of $2.
UnitedHealth Group is under pressure again after The Guardian reported that the managed care giant secretly paid nursing homes.
Wall Street experts share what they think will drive stock market gains for the second half of the year.
U.S. stocks finished near the unchanged mark on Monday with market sentiment weakened by the downgrade of the federal government's perfect sovereign credit rating owing to its huge debt profile.
Warren Buffett's knack for investing has made Berkshire Hathaway a very successful business. It is one of a handful of companies to achieve a trillion-dollar market value, and the $77 billion cost basis on its $264 billion stock portfolio means the average position has more than tripled.
Government bonds aren't the "shock absorbers" investors can rely on in times of volatility, KKR said, while Jamie Dimon this week warned of dangers in credit.
Asian shares have followed Wall Street lower after shares slumped under pressure from the bond market due to worries over U.S. debt.
Wall Street analysts have downwardly revised their earnings estimates since President Trump took office because tariffs are expected to be a headwind to economic growth. The consensus estimate in January said S&P 500 companies would report 14% earnings growth in 2025, but analysts now expect 8.5% earnings growth, according to LSEG.
Wall Street's rally came to a halt on Tuesday, as market participants looked for fresh catalysts. Read more here.