Shares of safety certification company UL Solutions (NYSE:ULS) fell 5.3% 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.
Shares of discount grocery store chain Grocery Outlet (NASDAQ:GO)
jumped 7.1% in the morning session after Jefferies upgraded the stock's rating from Neutral to Buy. The firm added, "We upgrade GO to BUY, given our view that the company's defensive positioning as a low-price grocer could drive outperformance during periods of economic uncertainty."
Shares of global car rental company Hertz (NASDAQ:HTZ)
jumped 28.6% in the pre-market session after Pershing Square Holdings, led by activist investor Bill Ackman, disclosed a $46.5 million stake in the company. This translated to more than 12.7 million shares. This development is noteworthy given that activist investors often bring about significant changes in targeted companies, focusing on improving asset monetization, expense efficiency, and stock buybacks.
The lawsuit was filed by academic Or Brook with the U.K. Competition Appeal Tribunal, claiming that Google restricted competing search engines using its market dominance.
Melinda French Gates shares insights on navigating life's shifts and prioritizing mental health. After her decades long commitment with the Gates Foundation, she now leads Pivotal Ventures in addressing women's issues.
Broadcom introduces Incident Prediction, an AI-based security feature that predicts and prevents cyber attacks, boosting resilience against motivated adversaries.
LifeStance Health Group trades at $6.79 per share and has moved almost in lockstep with the market over the last six months. The stock has lost 7.1% while the S&P 500 is down 8.3%. This may have investors wondering how to approach the situation.
