Market Update Into July 22nd: Big Tech Takes A Beating
TrendSpider Blog
by Jason Krutzky
21h ago
This week, the retreat from high-flying tech names into more rate-sensitive ones began to take hold, with both the Nasdaq and the S&P 500 posting their second-largest weekly losses of the year. This shift is driven by growing optimism among ..read more
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CrowdStrike Update Causes Global Microsoft Outage
TrendSpider Blog
by Jason Krutzky
1d ago
Key Takeaways Widespread Disruption from Software Update A flawed software update from cybersecurity firm CrowdStrike has caused a global outage of computers running Microsoft Windows, leading to significant disruptions across various sectors. The update, which resulted in the infamous “Blue ..read more
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Meta Platforms in Talks to Acquire 5% Stake in EssilorLuxottica
TrendSpider Blog
by Jason Krutzky
2d ago
Key Takeaways Strategic Acquisition to Bolster Smart Glasses Development META (Meta Platforms) is in discussions to acquire a 5% stake in EssilorLuxottica, its production partner for Ray-Ban smart glasses. The potential stake in the world’s largest eyewear company is estimated ..read more
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Trump Opposes Rate Cuts Before Election, Considers Dimon For Treasury Secretary
TrendSpider Blog
by Jason Krutzky
2d ago
Key Takeaways Trump’s Position on Powell and Interest Rates Former President Donald Trump has stated he would allow Federal Reserve Chair Jerome Powell to complete his term, which runs through January 2026, if he wins the upcoming November election. Trump’s ..read more
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It’s Prime Time To Save Big On TrendSpider
TrendSpider Blog
by Jason Krutzky
5d ago
Hello, traders! In honor of all the deal-hunting, lightning-deal-loving shoppers out there, TrendSpider is rolling out a Prime Day special that’s too good to miss. You don’t even have to be a member to take advantage of it: This Prime ..read more
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Super Micro Computer To Join Nasdaq 100 Index
TrendSpider Blog
by Jason Krutzky
5d ago
Key Takeaways Super Micro Computer Inc. Added to Nasdaq-100 NDAQ (Nasdaq, Inc.) has announced that SMCI (Super Micro Computer Inc.), a Total IT Solution Provider specializing in AI, Cloud, Storage, and 5G/Edge, will become a component of the NDX (Nasdaq-100 ..read more
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Tesla Delays Robotaxi Event
TrendSpider Blog
by Jason Krutzky
1w ago
Key Takeaways Event Postponed Amid Prototype Development TSLA (Tesla) has decided to delay its much-anticipated Robotaxi event from August 8th to October 2024, as the company reportedly needs additional time to develop the prototypes. The postponement reflects Tesla‘s ongoing challenges ..read more
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June Inflation Dip Sets Scene For Rate Cuts and Rotation
TrendSpider Blog
by Jason Krutzky
1w ago
Key Takeaways June Inflation Report The latest inflation report from the Labor Department showed a 3% increase in overall prices in June, down from 3.3% in May, marking the smallest rise in a year. This decline was largely driven by ..read more
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Instantly Identify Leaders and Laggards with Relative Performance
TrendSpider Blog
by Jason Krutzky
1w ago
As traders, we all share one ultimate goal: finding the best stock to own at any given moment. But how can we truly identify the top performer without fully understanding how it stacks up against the rest? While this might ..read more
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Boeing to Plead Guilty to Fraud in 737 MAX Case
TrendSpider Blog
by Jason Krutzky
1w ago
Key Takeaways Plea Deal and Financial Penalties BA (Boeing) has agreed to plead guilty to criminal fraud conspiracy in a Justice Department deal, reversing their previous ‘not guilty’ plea from January 2023. This agreement stems from Boeing‘s actions to mislead ..read more
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