Nucor is out of favor at the moment in the market, and that's usually a good time to buy this Dividend King steelmaker. Rexford Industrial's laser-like focus has left it open to tariff issues, but the market it invests in is still advantaged. Enterprise Products Partners is a boring energy business, but it makes up for that with a reliable and growing distribution.
A lofty prognostication from a well-known fund manager appears to have little chance of coming to fruition.
Several billionaire hedge fund managers bought shares of Palantir and/or Upstart in the first quarter -- stocks where certain analysts anticipate substantial upside. Palantir is successfully tapping demand for artificial intelligence (AI) with government and commercial customers, but the stock trades at a very expensive valuation. Upstart is generating attractive returns for lenders by helping them quantify credit risk with artificial intelligence, and the stock trades at a very reasonable valuation.
(Bloomberg) -- China’s factory activity contracted at a slower rate in May after a reprieve in the tariff war with the US unclogged trade flows, even as weak domestic demand continues to weigh on the economy. Most Read from BloombergBillionaire Steve Cohen Wants NY to Expand Taxpayer-Backed FerryNow With Colorful Blocks, Tirana’s Pyramid Represents a Changing AlbaniaNYC Congestion Toll Brings In $216 Million in First Four MonthsThe Economic Benefits of Paying Workers to MoveWhere the Wild Childr
The trade war is becoming more unpredictable, and that isn't good for financial assets. A forgettable Friday on the equities market and intensifying worries about the state of global trade inspired many investors to avoid cryptocurrencies throughout the day. Among the host of decliners was top coin Ethereum (CRYPTO: ETH), serving as an uninspired example with a nearly 3% price tumble as of 4 p.m. ET.
Prices as of 5:30:12 PM Friday, May 30. U.S. Indices
The S&P 500 slipped less than 0.1% on Friday, May 30, 2025, as President Trump rekindled his tough rhetoric on China and a key report revealed softening inflation.
Global trade uncertainty cranked up several notches this week amid a flurry of court rulings around U.S. tariffs and President Donald Trump accusing China of violating a deal with Washington, ensuring world markets ended the month on a cautious footing. A clutch of economic indicators on Friday that suggested U.S. growth may be slowing more than expected also added to the gloom, making for a turbulent session on Wall Street. The benchmark 10-year Treasury yield on Friday ended at a three-week closing low around 4.40%, partly capped by figures that showed U.S. PCE inflation last month cooled to 2.1% - to all intents and purposes back at the Fed's target.
The Dow Jones Industrial Average rose 0.1%, and the Nasdaq composite fell 0.3%. Hopes climbed through the month that the worst of the pain caused by President Donald Trump’s tariffs may have already passed, though uncertainty still hangs over the market. The Nasdaq composite fell 62.11 points, or 0.4%, to 19,113.77.
The SEC has given its blessing to certain Newsmax shareholders, allowing them to sell their shares on the open market. As many as 121 million shares can now be sold, significantly more than were already publicly traded. Shares of Newsmax Media (NYSE: NMAX) are plunging on Friday.