Webull (BULL) Jumps 17% as Firm Rides Crypto Boom
Photo by Karolina Grabowska: https://www.pexels.com/photo/hands-holding-us-dollar-bills-4968630/ 'The improving clarity of cryptocurrency regulations, both in the United States and internationally, underlies our decision to bring crypto trading back to our platform,' Webull Corporation (NASDAQ:BULL) President and CEO Anthony Denier said. 'With this consolidation, the company will be better positioned to meet the needs of our customers. We are excited about the evolution of the financial services industry as it begins to adopt blockchain technology, and we've already seen great success with our rollout in Brazil. We look forward to tapping additional markets this year,' he added. While we acknowledge the potential of BULL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
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Crude Prices Plunge on US Economic Concerns
September WTI crude oil (CLU25) on Friday closed down -1.93 (-2.79%), and September RBOB gasoline (RBU25) closed down -0.0553 (-2.54%). Crude oil and gasoline prices sold off sharply on Friday, driven by concerns about global energy demand due to President Trump's tariff policies and weaker-than-expected US economic reports on July payrolls and July ISM manufacturing. Also, Friday's slump in the S&P 500 to a 2-week low curbs confidence in the economic outlook, which is negative for energy demand. More News from Barchart Nat-Gas Prices Recover on Forecasts for Hotter US Weather Crude Prices Retreat on Dollar Strength and US Tariff Policies Crude Prices Fall on Concern Tariff Policies Will Slow Energy Demand Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Crude prices came under pressure Friday after President Trump late Thursday announced a 10% global minimum and 15% or higher tariffs for countries with trade surpluses with the US, effective after midnight on August 7. The higher tariffs could weigh on global economic growth and energy demand. Friday's US economic news was weaker than expected and bearish for energy demand and crude prices. Jul nonfarm payrolls rose +73,000, weaker than expectations of +104,000, and Jun nonfarm payrolls were revised downward to +14,000 from the previously reported +147,000. Also, the Jul ISM manufacturing index unexpectedly fell -1.0 to 48.0, weaker than expectations of an increase to 49.5 and the steepest pace of contraction in 9 months. Crude prices have support after President Trump said on Monday that he would impose a new deadline of 10 days for Russia to reach a truce with Ukraine before he increases sanctions on Russian energy exports. 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OPEC+ may be concerned about a slowdown in global oil demand in the second half of this year that could lead to a supply glut if the group keeps boosting production. The International Energy Agency said inventories have been accumulating at a rate of 1 million bpd and that the global crude oil market faces a surplus by Q4-2025 equivalent to 1.5% of global crude consumption. OPEC+ will meet again this Sunday and is expected to boost its production again by 548,000 barrels per day (bpd) beginning September 1. Concern about a global oil glut is negative for crude prices. On July 5, OPEC+ agreed to raise its crude production by 548,000 bpd beginning August 1, exceeding expectations of a 411,000 bpd increase. Saudi Arabia also stated that additional similar-sized increases in crude output could follow, which is viewed as a strategy to reduce oil prices and penalize overproducing OPEC+ members, such as Kazakhstan and Iraq. 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- Yahoo
Down 90% From Its High, Is There Still Hope for Opendoor Stock?
Key Points Opendoor's stock plummeted as interest rates rose. But it could stabilize as interest rates decline and the housing market heats up. Its stock soared over the past month, but it still looks undervalued. 10 stocks we like better than Opendoor Technologies › Opendoor Technologies (NASDAQ: OPEN), the leading instant buyer of homes in America, went public on Dec. 21, 2020, by merging with a special purpose acquisition company (SPAC). Its stock opened at $31.47 on its first day, and it eventually closed at a record high of $35.88 on Feb. 11, 2021. But today, the stock trades at about $2.50 a share. It plummeted more than 90% as rising interest rates and other macro headwinds chilled the housing market. Let's see if this out-of-favor real estate stock might bounce back as interest rates decline. The last major iBuyer standing As an instant buyer (or iBuyer), Opendoor uses its AI algorithms to make instant cash offers for homes. 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But if you expect its growth to accelerate again, it isn't too late to buy its volatile stock. Should you buy stock in Opendoor Technologies right now? Before you buy stock in Opendoor Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Opendoor Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $630,291!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,075,791!* Now, it's worth noting Stock Advisor's total average return is 1,039% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Zillow Group. The Motley Fool recommends Rocket Companies. The Motley Fool has a disclosure policy. Down 90% From Its High, Is There Still Hope for Opendoor Stock? was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
15 minutes ago
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Shockingly bad jobs report reveals a months-long stall and may trigger Fed rate cuts soon. ‘Powell is going to regret holding rates steady'
U.S. payrolls grew by just 73,000 last month, well below forecasts, but downward revisions to prior months stunned Wall Street even more, showing that the labor market was much weaker than thought over the spring. That may prompt the Federal Reserve to lower rates sooner rather than later, which President Donald Trump has been demanding for months. The U.S. labor market looks much weaker than previously thought, and Wall Street now expects the Federal Reserve to resume rate cuts sooner rather than later. The Labor Department reported Friday that payrolls grew by just 73,000 last month, well below forecasts for about 100,000. But downward revisions for prior months shocked investors even more, revealing that the labor market came to a near standstill over the spring. May's tally was cut from 144,000 to 19,000, and June's total was slashed from 147,000 to just 14,000, resulting in a combined cut of 258,000. The average gain over the last three months is now only 35,000. The news came just days after the Fed kept rates steady again with Chairman Jerome Powell signaling a continued desire to wait for more data to see how President Donald Trump's tariff would impact inflation, which is still running about the central bank's 2% target. 'Powell is going to regret holding rates steady this week,' Jamie Cox, managing partner for Harris Financial Group, said in a note. 'September is a lock for a rate cut and it might even be a 50-basis point move to make up the lost time.' The unemployment rate also edged up to 4.2% from 4.1%, even as the labor force shrank. Meanwhile, U.S. factories continued to slump and cut 11,000 jobs last month after shedding 15,000 in June and 11,000 in May amid uncertainty over Trump's trade war. Stocks plummeted on the jobs data, with the S&P 500 down 1.7% and the Nasdaq down 2.3%. The 10-year Treasury yield sank more than 11 basis points to 4.247% as Wall Street priced in a rate cut at the Fed's meeting next month and more later in the year. After the jobs report, Trump reiterated his months-long demand for the Fed to lower rates, while Cleveland Fed President Beth Hammack stood by the central bank's decision on Wednesday to keep policy steady. 'Headline NFP at 73k is a miss, but perhaps more concerning is -258k net revisions to the prior two months. These revisions put May's headline NFP at 19k and June's at 14k,' Adam Hetts, global head of Multi-Asset and portfolio manager at Janus Henderson Investors, said in a note. 'Had those figures been the initial prints a month or two ago it would have significantly changed the labor market narrative over the entire summer. Indeed, odds of a September rate cut are increasing significantly on the back of this data release.' This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
