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Applied Materials, Palo Alto tumble as their earnings projections disappoint

Quartz

qz.com › applied-materials-palo-alto-drop-on-guidance-1851763133

Applied Materials (AMAT) and Palo Alto Networks (PANW) both fell in after-hours trading in New York on Thursday despite beating expectations for revenue and profit as their guidance for current-quarter earnings disappointed investors.

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JPMorgan and other big banks are flying billions of dollars worth of gold on planes. Here's why

Quartz

qz.com › banks-gold-plane-new-york-1851762685

U.S. President Donald Trump’s tariffs are already having unintended and somewhat strange economic repercussions. For example, they have led to big banks transporting billions of dollars of gold via commercial planes from London to New York City.

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An empty lot just sold for $200 million, as Palm Beach real estate booms

Quartz

qz.com › estee-lauder-heir-empty-palm-beach-lot-200-million-1851762461

The former executive chairman of Estée Lauder Companies (EL) reportedly sold two vacant parcels of land on the Palm Beach waterfront for $200 million, sources told the Wall Street Journal.

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Intel stock is suddenly on a big run

Quartz

qz.com › intel-stock-trump-tsmc-nvidia-chips-1851762455

Intel (INTC) stock extended its rally into a fourth day on Thursday morning, surging more than 8% to trade above $24 per share. The legacy chip maker is now up more than 20% so far this year — compared to a dip of about 1.5% to start 2025 for AI chip maker Nvidia (NVDA).

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The Dow climbs as markets brace for another Trump tariff announcement

Quartz

qz.com › dow-trump-reciprocal-tariff-reddit-coinbase-robinhood-1851762391

The Dow and other major indices edged higher Thursday morning as President Donald Trump is prepared to impose a reciprocal tariff later in the day. Under this policy, if a country levies tariffs on American products, the U.S. will respond by applying an equivalent tariff on that country’s goods. President Trump will…

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