Stocks Slide as Powell Warns ‘Higher for Longer’—Tech Giants’ Mixed Earnings Rattle Wall Street

Travel and expense tech company Navan is charging ahead with a Nasdaq IPO despite a looming U.S. government shutdown, signaling renewed investor appetite for tech listings. The $9 billion firm’s timing could mark the official reopening of the long-frozen IPO market.Get the top 40+ AI Models for $20 at AI Box: ⁠⁠https://aibox.aiAI Chat YouTube Channel: https://www.youtube.com/@JaedenSchaferJoin my AI Hustle Community: https://www.skool.com/aihustle

Stocks slipped this week after mixed earnings from Apple, Microsoft, and other tech giants sparked fears of slowing AI growth. New U.S. restrictions on chip exports to China added more pressure, shaking investor confidence and triggering a sharp market pullback.Get the top 40+ AI Models for $20 at AI Box: ⁠⁠https://aibox.aiAI Chat YouTube Channel: https://www.youtube.com/@JaedenSchaferJoin my AI Hustle Community: https://www.skool.com/aihustle

Baxter International slashed its annual profit forecast after Hurricane Helene crippled key manufacturing plants, disrupting production of vital hospital supplies. The company’s stock plunged as investors reacted to the storm’s massive ripple effects across the medical supply chain.Get the top 40+ AI Models for $20 at AI Box: ⁠⁠https://aibox.aiAI Chat YouTube Channel: https://www.youtube.com/@JaedenSchaferJoin my AI Hustle Community: https://www.skool.com/aihustle

U.S. markets opened lower after Fed Chair Jerome Powell signaled interest rates may stay elevated, shaking investor confidence. Mixed earnings from Amazon, Apple, and Meta added to volatility, raising fresh doubts about the durability of the tech-driven market rally.Get the top 40+ AI Models for $20 at AI Box: ⁠⁠https://aibox.aiAI Chat YouTube Channel: https://www.youtube.com/@JaedenSchaferJoin my AI Hustle Community: https://www.skool.com/aihustle

Xcel Energy missed quarterly profit estimates as soaring interest expenses and maintenance costs cut into earnings. The results highlight how even stable U.S. utilities are feeling the strain of high borrowing costs and inflation heading into 2025.Get the top 40+ AI Models for $20 at AI Box: ⁠⁠https://aibox.aiAI Chat YouTube Channel: https://www.youtube.com/@JaedenSchaferJoin my AI Hustle Community: https://www.skool.com/aihustle

Quanta Services has raised its annual revenue outlook after soaring demand from AI-driven data centers and federal infrastructure projects pushed its backlog to record highs. The Texas-based grid builder is emerging as a key player powering America’s rapidly expanding AI economy.Get the top 40+ AI Models for $20 at AI Box: ⁠⁠https://aibox.aiAI Chat YouTube Channel: https://www.youtube.com/@JaedenSchaferJoin my AI Hustle Community: https://www.skool.com/aihustle

Eli Lilly has raised its full-year forecast after unprecedented international demand for its hit weight-loss and diabetes drugs, Mounjaro and Zepbound. The pharmaceutical giant’s booming sales and rapid global expansion signal a new era for obesity treatment worldwide.Get the top 40+ AI Models for $20 at AI Box: ⁠⁠https://aibox.aiAI Chat YouTube Channel: https://www.youtube.com/@JaedenSchaferJoin my AI Hustle Community: https://www.skool.com/aihustle

Mastercard beat profit estimates this quarter as transaction volumes and cross-border spending stayed strong, signaling resilient consumer demand. The company credited AI-driven fraud prevention and booming digital payments for powering its earnings surprise.Get the top 40+ AI Models for $20 at AI Box: ⁠⁠https://aibox.aiAI Chat YouTube Channel: https://www.youtube.com/@JaedenSchaferJoin my AI Hustle Community: https://www.skool.com/aihustle

AI-powered travel and expense platform Navan debuted on the Nasdaq with a $923 million IPO, marking one of the largest tech listings of the year. The company—formerly TripActions—uses artificial intelligence to automate corporate travel booking, expense management, and payments for major global clients.Get the top 40+ AI Models for $20 at AI Box: ⁠⁠https://aibox.aiAI Chat YouTube Channel: https://www.youtube.com/@JaedenSchaferJoin my AI Hustle Community: https://www.skool.com/aihustle

Alphabet’s latest earnings reveal record $25 billion free cash flow, proving it’s the only tech giant profiting big from the AI arms race. While Meta, Microsoft, and Amazon pour billions into unproven AI bets, Google’s disciplined strategy is making Wall Street take notice.Get the top 40+ AI Models for $20 at AI Box: ⁠⁠https://aibox.aiAI Chat YouTube Channel: https://www.youtube.com/@JaedenSchaferJoin my AI Hustle Community: https://www.skool.com/aihustle