Top Stock Movers Now: UnitedHealth, Wolfspeed, Alphabet, and More
A report accusing UnitedHealth Group of paying nursing homes to limit patient transfers to hospitals sent shares of the health insurer tumbling.
Toll Brothers gave an optimistic outlook for housing demand, and shares gained.U.S. equities were mixed at midday as the market watched developments in Washington on the Republicans' tax cut and spending bill. The Dow Jones Industrial Average and S&P 500 declined, while the Nasdaq was up.
Fair Isaac (FICO) shares slumped for a second straight session after a federal housing official questioned the pricing of the credit scoring firm and gave support to lower-cost options.
Shares of UnitedHealth Group (UNH) dropped on a report that the health insurer secretly paid nursing homes to prevent patient transfers to hospitals.
Another report, this one saying Wolfspeed (WOLF) was looking to file for bankruptcy within weeks, sent shares of the troubled silicone carbide chip manufacturer crashing.
Shares of Google parent Alphabet (GOOGL) bounced back from yesterday's sell-off following the tech giant's introduction of its new artificial intelligence (AI)-powered search product.
Shares of Keysight Technologies (KEYS) jumped after the electronic testing products maker posted better-than-expected results, boosted by increases in revenue from commercial communications, aerospace, defense, and government customers.
Toll Brothers (TOL) shares advanced when the homebuilder reiterated its guidance despite a soft housing market, and CEO Douglas Yearley said the company is optimistic about long-term demand.
Oil futures fell. Gold prices rose. The yield on the 10-year Treasury note gained. The U.S. dollar continued to slide versus the euro, pound, and yen. Most major cryptocurrencies traded higher, with bitcoin setting a record of more than $109,400.
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5 minutes ago
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CFRA hikes outlook for S&P 500 as stock market rises to new highs
The stock market appears set to continue its rally in the second half of 2025 and into 2026 after its recent rebound, according to CFRA. The firm, whose chief investment strategist is Sam Stovall, raised its 12-month target S & P 500 to 6,850. That is about 9% above where the index was trading on Thursday. CFRA's year-end target is 6,525, implying a roughly 4% gain over the next six months. "We are encouraged by the recent recovery from the near-19% correction and the typical post-correction gain averaging 10% since WWII. Also, in early October, the S & P 500 will enter its fourth year in which it advanced an average 13% following the historically challenging third year," CFRA said in a note to clients. .SPX YTD mountain The S & P 500 is back at record highs. The updated outlook is an example of how the mood on Wall Street has changed since President Donald Trump walked back some of his harshest tariff proposals. As recently as April 23, CFRA called for a year-end level of 5,925 on the S & P 500, with a 12-month target of 6,240. A key dynamic in the outlook for CFRA and other Wall Street firms is the push and pull between economic growth in the U.S. and what that means for the Federal Reserve. Market expectations for a July rate cut fell sharply after Thursday's jobs report showed more hiring than expected in June. The CFRA note did not include a call on the July Fed meeting specifically, but rate cuts are part of the firm's forecast. "We see the Federal Reserve cutting the fed funds rate four times in the coming year for a total reduction of 1.00%," the note said. Stovall's year-end target of 6,525 for the S & P 500 is above the average of other major strategists, according to the CNBC Market Strategist Survey .
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14 minutes ago
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Congress Is Raising Electricity Bills to Pay for Tax Cuts
Of all the elements of the One Big Beautiful Bill Act, perhaps none is as obviously self-defeating as getting rid of tax credits for clean energy. That decision will not simply set back the fight against climate change. Congressional Republicans could also be setting America up for the worst energy-affordability crisis since the 1970s. Unlike then, this time we'll have imposed it on ourselves. Electricity demand in the United States is rising faster than it has in at least two decades. AI data centers are using huge amounts of power to train new models. More Americans are plugging their electric cars and hybrids into the grid. Rising temperatures mean more air-conditioning use. Failure to meet this rising demand with adequate supply results in higher prices. From 2000 to 2022, U.S. electricity prices rose by an average of about 2.8 percent a year; since 2022, they have risen by 13 percent annually. Fortunately, the timing of this demand spike coincided with a boom in renewable energy. According to the federal Energy Information Administration, 93 percent of the electricity capacity added to the grid this year will come from a combination of wind, solar, and battery storage. That trend was set to accelerate dramatically in the coming years thanks to the Inflation Reduction Act, which provided tax credits that made building clean power sources cheaper. Investment in those sources has accordingly spiked, and hundreds of new projects could begin generating power over the next decade. The IRA is generally seen as a climate bill, but it was also an energy bill. It provided a jolt to the American power sector at a moment when the sector desperately needed new supply. Or so it seemed. The Senate version of Donald Trump's One Big Beautiful Bill repeals the clean-energy tax credits in the IRA for all wind and solar projects that don't begin construction within a year of the bill's passage or become fully operational by 2028. (And even if a project begins construction in the first half of 2026, it will need to meet extremely onerous domestic-sourcing requirements that many experts believe will be nearly impossible to satisfy.) As a result, future clean-energy projects, including many that have been announced but not yet built, will cost about 50 percent more than those that received the credits, according to an analysis by Jesse Jenkins, who leads the Princeton ZERO Lab. The inevitable result is that far fewer will come into existence. 'It's hard to think of a bigger self-own,' Jenkins told me. 'We're effectively raising taxes on the country's main sources of new power at a time when electricity prices are already rising.' Jonathan Chait: They didn't have to do this The purported justification for these cuts is that renewables are unreliable energy sources pushed by woke environmentalists, and the country would be better served by doubling down on coal and natural gas. 'More wind and solar brings us the worst of two worlds: less reliable energy delivery and higher electric bills,' wrote Trump's Energy Secretary Chris Wright in an op-ed last week. In fact, renewable energy is cheap and getting cheaper. Even without the tax credits, the price of onshore wind has fallen by 70 percent, solar energy by 90 percent, and batteries by more than 90 percent over the past decade. The IRA, by making these sources even more affordable, was projected to save American consumers an average of $220 a year in the decade after its passage. The cost savings from renewables are so great that in Texas— Texas, mind you—all of the electricity growth over the past decade has come from wind and solar alone. This has made energy grids more reliable, not less. During the summer of 2023, the state faced several near failures of its electricity grid; officials had to call on residents to conserve energy. The state responded by building out new renewable energy sources to stabilize the grid. It worked. 'The electrical grid in Texas has breezed through a summer in which, despite milder temperatures, the state again reached record levels of energy demand,' The New York Times reported last September. 'It did so largely thanks to the substantial expansion of new solar farms.' In fact, the energy secretary's description of wind and solar—as unreliable and expensive—is more aptly applied to fossil fuels. Coal is so costly relative to other energy sources that investment in building new plants has dried up. The natural-gas industry is facing such a crippling supply-chain crisis that the wait time for a new gas turbine—the combustion engine that converts natural gas to usable energy—can be as long as seven years. 'What we've consistently heard from the industry is that, right now, there is just no way to get a new natural-gas plant running before 2030, and quite possibly even later,' Robbie Orvis, the senior director for modeling and analysis at the think tank Energy Innovation, told me. The cost of actually building one of those plants, meanwhile, has more than doubled in the past few years, pushing utilities to invest heavily in renewable sources, which can be built much faster and often at a lower cost. Now Congress has decided to kneecap the energy sources that are available to meet rising demand. Orvis predicts that this could result in one of the fastest, sharpest rises in energy prices since the Arab oil embargo of the 1970s, which featured record-high oil prices, long lines and rationing at gas stations, and a nationwide inflation spike. An Energy Innovation analysis of an earlier, similar version of the bill found that, by 2035, the average yearly energy bill will be $473 higher in Michigan, $590 higher in Maryland, $668 higher in California, and $777 higher in Texas than it would have been if the IRA credits had remained in place. (Several other sources have produced similar results, including analyses of the final Senate bill.) Blackouts and grid outages will become more frequent. Power-intensive industries such as AI and manufacturing will struggle under the weight of higher energy costs. China will solidify its dominance over clean-energy supply chains. 'Just think of Trump's own priorities: lower energy prices, becoming an AI superpower, reindustrializing America, outcompeting China,' Princeton's Jenkins said. 'Getting rid of these credits hurts all of those goals.' But there is one priority missing from that list: owning the libs. Partisan polarization around clean energy has grown so extreme since the passage of the IRA that Trump and many other Republicans apparently see destroying it as an end in itself. An earlier version of the Senate bill went further than repealing subsidies. It included an excise tax on solar and wind energy—the Republican Party, taxing energy—that would have added an additional 10–20 percent cost onto most projects. That provision was scrapped after a handful of moderate senators objected, but the fact that it ever existed is stunning enough. As the bill headed to the House of Representatives for final consideration, some members claimed that they wouldn't support it without even harsher restrictions on clean energy. Representative Chip Roy of Texas attacked the Senate bill for not targeting clean-energy tax credits more aggressively, calling it 'a deal-killer of an already bad deal' and setting up the absurd possibility that the IRA would be saved only by Republicans' inability to agree on how badly to eviscerate it. Jessica Riedl: Congressional Republicans might set off the debt bomb The desire to stick it to liberals is so intense that Republicans are evidently willing to inflict disproportionate economic pain on their own voters. The Energy Innovation analysis found that the states that will experience the sharpest increase in electricity costs as a result of the bill are Kansas, Texas, Oklahoma, South Carolina, Missouri, and Kentucky. A separate analysis found that of the 10 states that will lose the most total renewable energy capacity as a result of the repeal, nine voted for Trump last year. Congressional Republicans might be betting that the consequences of their legislation will take long enough to materialize that they won't be blamed. Thanks to the numerous clean-energy projects in the pipeline today, the sharpest energy-price increases won't come into effect until after 2030. By that time, a Democratic president could very well be in office, stuck with the higher energy costs sown by their predecessor, reaping the political whirlwind.
Associated Press
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VRA Investor News: If You Have Suffered Losses in Vera Bradley, Inc. (NASDAQ: VRA), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
NEW YORK, July 03, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Vera Bradley, Inc. (NASDAQ: VRA) resulting from allegations that Vera Bradley may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Vera Bradley securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. WHAT TO DO NEXT: To join the prospective class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. WHAT IS THIS ABOUT: On June 11, 2025, Vera Bradley announced its financial results for the first quarter of the 2026 fiscal year. Vera Bradley's CEO stated that their 'first quarter results were disappointing as top line and profitability trends from the previous several quarters continued.' On this news, Vera Bradley's stock fell $0.45 per share, or 19%, to close at $1.90 per share on June 11, 2025. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected]
