Stock Futures Point to Higher Open After Indexes Rebound on Eased Greenland Tensions; PCE Inflation Data on Tap

GameStop Stock Rises as CEO Ryan Cohen Buys 500,000 Shares on Consecutive Days

FROM 21 minutes ago

GameStop (GME) stock rose yesterday after a regulatory filing revealed CEO Ryan Cohen had acquired shares. The same dynamic is at play today.

Shares of the meme stock rose 3.5% in premarket trading Thursday, a day after they closed nearly 3% higher after a Securities and Exchange Commission filing indicated Cohen had bought 500,000 shares at $21.11 apiece on Tuesday.

A new filing indicated Cohen did the same thing yesterday, buying 500,000 shares at $21.60 each.

GameStop shares have lost more than 20% of their value over the past 12 months.

Trump Promised a 10% Interest Rate Cap on Credit Cards—What Happened to It?

FROM 47 minutes ago

A deadline to lower credit card interest rates passed this week without action, despite President Donald Trump’s urging.

Earlier this month, Trump called for a 10% cap on credit card interest rates, effective Jan. 20 and lasting one year. As of Wednesday, there were no federal laws or executive orders imposing a cap on credit card interest rates. Additionally, no credit card companies have announced that they’re voluntarily reducing rates.

Now, Trump is calling on Congress to make his proposal a law.

Read the full article here.

–Trina Paul

Natural Gas Prices Soar 60% in Two Days As Cold Wave Grips U.S.—What That Means for You

FROM 1 hr 5 min ago

U.S. natural gas prices soared for a second straight day yesterday as brutal Arctic cold bears down on much of the country.

Fortunately for consumers, those higher prices won’t impact their heating bills right away.

Futures contracts based on benchmark Henry Hub natural gas surged 29% Wednesday. So far this holiday-shortened week, U.S. natural gas prices have risen about 60%, the biggest two-day gain on record.

Almost half of American households use natural gas as their primary heating source. This week’s price rally reflects expected high demand for the fuel as sub-freezing temperatures loom to the end of January in a good portion of the U.S.

Read the full article here.

–Lyle Niedens

Intel Rallies Ahead of Earnings. Here’s What Analysts Are Saying That’s Boosting the Stock

FROM 1 hr 18 min ago

Intel’s stock has been on a tear lately, as expectations grow ahead of the chipmaker’s quarterly results due after the closing bell Thursday.

The shares jumped nearly 12% yesterday amid a broad market rally to close above $54 Wednesday, extending the stock’s recent gains as several Wall Street analysts pointed to signs of better-than-expected demand for the company’s AI products.

HSBC, KeyBanc, and Wedbush told clients this week that they see Intel’s (INTC) outlook and results beating consensus projections, driven by stronger-than-expected sales of its server CPUs used in data centers.

KeyBanc also voiced more optimism about Intel’s ability to win Apple (AAPL) as a foundry customer, after months of rumors that the iPhone maker could become a new client.

Read the full article here.

–Aaron McDade

McCormick Stock Drops After Soft Full-Year Profit Forecast

FROM 1 hr 33 min ago

McCormick & Co.’s full-year profit forecast evidently wasn’t spicy enough for investors.

McCormick (MKC) shares sank 6% in premarket trading after the spice maker issued a soft fiscal 2026 profit projection.

The Hunt Valley, Md.-based company sees adjusted earnings of $3.05 to $3.13 per share. Analysts surveyed by Visible Alpha were looking for $3.22 per share.

For the fiscal 2025 fourth quarter, McCormick’s adjusted EPS of $0.86 narrowly missed estimates, while its net sales of $1.85 billion slightly topped consensus.

“While global trade dynamics continue to create headwinds and we are facing elevated costs for the year, we are leveraging our competitive advantages, productivity initiatives, and cost management discipline to help mitigate these pressures, sustain volume growth, and fund investments that drive long-term value creation,” CEO Brendan Foley said.

McCormick shares have lost about 10% of their value over the past year entering today.

Wall Street Is Down on Software Stocks. This Expert Says That’s ‘Absolutely Wrong’

FROM 2 hr 18 min ago

Anxious software investors worry that artificial intelligence is disrupting the multi-trillion dollar industry. One veteran tech investor says those concerns are misplaced.

Orlando Bravo, founder and managing partner of tech-focused private equity firm Thoma Bravo, on Wednesday called the narrative that AI is going to eat software “absolutely wrong,” in an interview with CNBC. The reason: They know what the companies and industries they serve need to succeed—and are still positioned to deliver it.

“The franchise value of most software companies is [their] deep domain knowledge,” Bravo said. That, he said, situates software companies at the intersection of AI capabilities and enterprise needs. 

“If you want to see wide adoption in the enterprise of AI, these are the companies that will do it,” Bravo said. “These are the companies that hold the key.

Read the full article here.

–Colin Laidley

Stock Futures Point to Higher Open After Indexes Rebound on Eased Tensions Over Greenland

FROM 2 hr 38 min ago

Futures contracts connected to the Dow Jones Industrial Average pointed up 0.4%.

S&P 500 futures rose 0.6%.

Nasdaq 100 futures advanced 0.9%.