US equities (^GSPC, ^DJI, ^IXIC) are on the rise following better-than-expected consumer sentiment data, with the S&P 500 (^GSPC) up nearly 4% for the week, ...
) up nearly 4% for the week, putting in on track for its best week since November 2023. The preliminary August read on consumer sentiment came in at 67.8, up from 66.4 in July, bolstering notions from Wall Street that the market is headed for a soft landing scenario, with the expectation that the Federal Reserve will cut interest rates in September.
Rimac, the Croatian EV upstart that ascended from a garage to become a supercar and technology powerhouse merged with Bugatti, has upgraded its Nevera hypercar. Rimac revealed Friday during The Quail, a Motorsports Gathering at Monterey Car Week the Nevera R, an all-electric hypercar that’s meant to push the performance bounds of its predecessor.
H&R Block shares are trading higher following the tax-prep service's fourth-quarter earnings beat on both the top and bottom lines, driven by its artificial intelligence iniatives. The company reports revenue of $1.06 billion, surpassing estimates of $1.05 billion. Adjusted EPS also beat estimates at $1.89, above the projected $1.74. H&R Block CEO Jeff Jones joins Wealth! to discuss the company's outlook and growth plans.
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