The so-called "Magnificent Seven" stocks have been on a spectacular ride this year and are one of the big forces driving the broad market rally. This has been possible primarily due to the artificial intelligence...
The S&P 500 has been enjoying a historic bull run buoyed by the AI boom, Fed rate cuts and Trump trade optimism. The broad index crossed multiple thresholds this year, reaching nearly 6,100, with many...
The third-quarter earnings season is underway, and the so-called “Magnificent 7" companies are in focus. The “Mag 7,” the stock market darlings in the first half of 2024, lost their steam in recent...
The Inflation Reduction Act calls for a 1% tax on share repurchases. Should the legislation get approval from the House of Representatives on Aug. 12, accelerated buybacks could become the norm in the...