What a brutal six months it’s been for Verra Mobility. The stock has dropped 21% and now trades at $21.92, rattling many shareholders. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
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Google, a part of Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG), is confronted with a £5 billion ($6.6 billion) class action lawsuit in the U.K. The company is accused of exploiting its dominant market position in the online search industry.
Well, the good news is: we finished off session lows. The closing bell rang, and we saw another step down in major market indexes, partly due to comments made early this afternoon by Fed Chair Jerome Powell.
In a volatile trading session, the stock market experienced significant declines as Federal Reserve Chair Jerome Powell addressed economic concerns. The S&P 500 fell 2.2% to 5,275.70 points.
U.S. stock futures posted modest gains on Wednesday night, recovering from a steep decline in the afternoon session following Federal Reserve chair Jerome Powell's latest comments on the market, tariffs, and inflation.
The GPIF — the world’s largest pension whale — just dropped a geopolitical bombshell, quietly removing China A-shares from its foreign equity benchmark.
The Kohl’s Corporation Companies cut its dividend because of intense competition, inflation, and a stressed customer. Comparable sales are now negative, and tariffs will affect the firm’s results.
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A number of stocks fell in the afternoon session after Federal Reserve Chair Jerome Powell signaled a cautious stance on future monetary policy decisions during a speech in Chicago, emphasizing that trade tariffs could add upward pressure to inflation in the short term and complicate the Fed's efforts to stabilize the economy. He warned that such trade measures are "likely to move us further away from our goals," referring to the Fed's dual mandate of price stability and maximum employment.
