A number of stocks jumped in the afternoon session after markets continued to rally as investor optimism grew for a potential Federal Reserve interest rate cut in September. This optimism was largely fueled by a recent consumer price index report that showed inflation easing, along with public comments from Treasury Secretary Scott Bessent advocating for a significant 50-basis-point rate cut. The prospect of lower borrowing costs tends to boost rate-sensitive sectors like Business Services, as it can encourage companies to increase spending on consulting, IT projects, and staffing.
Business services providers thrive by solving complex operational challenges for their clients, allowing them to focus on their secret sauce. But cutbacks in corporate spending and the threat of new AI products have kept sentiment in check,
and over the past six months, the industry has tumbled by 2.8%. This drop was disappointing since the S&P 500 climbed 5.4%.
Rumble shares traded higher Monday after the company reported Q2 results that showed revenue growth, improved operating efficiency, despite a continued net loss.
The potential share-exchange offer would allow Northern Data shareholders to receive newly issued Rumble Class A common stock in return for their holdings.
Video sharing platform Rumble (NASDAQGM:RUM) missed Wall Street’s revenue expectations in Q2 CY2025, but sales rose 11.6% year on year to $25.08 million. Its GAAP loss of $0.12 per share was 80% below analysts’ consensus estimates.
Stocks under $10 pique our interest because they have room to grow (as well as the most affordable option contract premiums).
That doesn’t mean they’re bargains though, and we urge investors to be careful as many have risky business models.
American Eagle Outfitters Inc. (NYSE:AEO) surged as much as 20% by early afternoon Monday after an unexpected endorsement from President Donald Trump lit up Truth Social — and the stock market.
Growth is oxygen.
But when it evaporates, the consequences can be severe - ask anyone who bought Cisco in the Dot-Com Bubble or newer investors who lived through the 2020 to 2022 COVID cycle.
Shareholders of Rumble would probably like to forget the past six months even happened. The stock dropped 31.4% and now trades at $8.37. This may have investors wondering how to approach the situation.
As the Q1 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the digital media & content platforms industry, including Ziff Davis (NASDAQ:ZD) and its peers.
As the Q1 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the digital media & content platforms industry, including Stride (NYSE:LRN) and its peers.
Shares of Rumble are trading higher Thursday following a series of strategic updates related to the company's AI initiatives and cloud services business.
