Market Trends & Macro Economy - S&P 500 rose 0.3%, while Brent crude oil fell by 4%, and the 10-year Treasury yield dropped to 4.6% for the second consecutive day [2] - The core inflation is pinned above the Federal Reserve's 2% target for the 65th straight month, alongside stagnant income gains and slowing household spending growth [3] - Consumer confidence data shows a divergence where people feel confident about the present situation but pessimistic about the future [4][5] - Personal consumption spending is growing at a modest 1.8% to 2%, while business fixed investment in equipment is growing at an annualized rate of 11% to 12%, though structures are down 4% [14][15] Industry Dynamics & Corporate Performance - Artificial intelligence investments are projected to exceed $1 trillion by 2026, though short-term labor productivity gains have not yet fully materialized [20][112] - Dick's Sporting Goods shares plunged 31% due to pressures from its Foot Locker acquisition and an increasingly promotional sneaker market, dragging down related retail stocks [39][40][98] - Super Micro Computer shares jumped 8% following a partnership with Cisco to use its cooling hardware in AI-powered infrastructure stacks, with Super Micro projecting fiscal revenue of 65 billion to 72 billion dollars for 2027 [62][65][71] - Software and tech companies like Intuit reported a fiscal fourth-quarter revenue of 3.45 billion dollars and a 2027 full fiscal year revenue forecast of around 23.51 billion dollars, while facing broader tech sector pressures [92][93]

CNBC business news update. Midday on Wall Street. I'm Jessica Edinger.Markets are modestly higher. The Dow up 97 points being led higher now by shares of Merc. They're up 2% this afternoon.The S&P 500 index up 20, the Nasdaq up 149 points. Most of the chip makers are in the green. AMD up 4%.Nvidia, which reports quarterly results tomorrow, up one and a half% this afternoon. Canada has unveiled retaliatory tariffs on US goods. Here is Canada's finance minister.>> Canada must respond, and today we are in a pr ...

What will drive the next wave of Agentic PC adoption? Rahul explores the search for breakthrough AI applications and how new Agentic PC use cases could transform the way people and businesses use AI-powered computing. Discover how AMD is helping enable the future of AI PCs, on-device AI, and enterprise AI. Discover how AMD is helping shape the future of AI-powered PCs and enterprise computing. Learn more: https://www.amd.com/en/products/processors/technologies/pro-technologies.html Follow us on LinkedIn: ht ...

Goldman Raises Coinbase PT to $196; Canaccord Lifts Strategy to $175CNBC reported that Goldman Sachs maintained its Buy rating on Coinbase (COIN) and raised its price target to $196 from $173, citing additional upside from a sustained improvement in the crypto market and continued growth in newer businesses including derivatives and prediction markets. Canaccord also maintained its Buy rating on Strategy (MSTR) and lifted its target to $175 from $130, saying the setup for MSTR has materially improved in rec ...